Renren Inc. operates a social networking Internet platform in the Peoples Republic of China. The company operates Renren.com and Renren Mobile App that enable users to communicate and stay connected with friends, classmates, family members, and co-workers. It also operates Renren Fenqi, a financial service platform, which provides credit financing to college students for making purchases on e-commerce platforms; short-term financing to used car dealers; rental financing to individuals who are referred by the apartment agents; and micro cash financing to college students to fund their short-term consumption. The company was formerly known as Oak Pacific Interactive and changed its name to Renren Inc. in December 2010. Renren Inc. was founded in 2002 and is headquartered in Beijing, the Peoples Republic of China.