Renren last week announced its unaudited Q3 financial results, who also made their first post-IPO strategic acquisition, 56.com in Q3, a leading Chinese user-generated-content focused video sharing site
Renren’s mobile penetration has reached over 35% of unique monthly log-in users with over half of their mobile users accessing their Renren accounts through smartphones. In addition, Renren’s LBS commercial platform is now running 30,000 promotions and deals from thousands of merchants.
The number of Renren’s activated users increased from about 103 million a year ago to about 137 million as of September 30, 2011. Monthly unique log-in users increased from approximately 24 million to 38 million.
