Renren Inc. (NYSE: RENN) changed its name to Moatable, Inc., which was effective on June 22, 2023.
Over the course of the last decade, Renren sold off its SNS business, divested its used car business, and shifted its business focus to a vertical SaaS model serving B2B customers. The Company's rebranding reflects its business model change from B2C internet to vertical B2B SaaS.
The existing ticker symbol RENN was retired on June 22, 2023, with the Company thereafter traded under MTBL.
Moatable Inc. incubates, acquires, and builds category-leading vertical industry SaaS businesses. The Company currently holds the majority ownership of several U.S.-based SaaS businesses including Chime Technologies, Inc. (www.chime.me) an all-in-one CRM and sales acceleration platform designed to help real estate professionals close more deals faster, Rentancy (www.rentancy.com) a service and software company that provides solutions to the property management sector, and Trucker Path, Inc. (www.truckerpath.com), a suite of applications and dispatch services that commercial truck drivers use to plan trips, navigate, and operate their business. All vertical SaaS businesses serve segments for industries with multi-million participants. American depositary shares, each currently representing 45 Class A ordinary shares of the Company, are traded on the New York Stock Exchange under the ticker symbol MTBL.
