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Moatable Inc (Moatable), formerly Renren Inc, is an automobile dealer. The company sells new cars and purchased cars. It also provides financing options for customers, and value-added services including warranties, insurance and after-sale products and services. Moatable's after-sale products and services include registration, detailing, maintenance, and accessories. The company is also into the SaaS business. Its SaaS Business includes Chime, which is an all-in-one real estate solution provider and Geographic Farming, which is a real estate marketing and media service provider. Its’s automobile business had dealerships across China and its SaaS business mainly operates in the US. The company operates in the US, China, the Philippines and Mexico. Moatable is headquartered in Beijing, China.
Headquarters
United States of America
Address
45 West Buchanan Street, Phoenix, Arizona, 85003
Website
www.renren-inc.com
Telephone
86 10 84481818
No of Employees
482
Industry
Retailing
Ticker Symbol & Exchange
MTBLY (OTC)
Revenue (2022)
$52.1M
13.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
88.3%
(2022 vs 2021)
Market Cap*
$11.3M
Net Profit Margin (2022)
XYZ
89.7%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Services |
|---|---|
| Cars | Financing Options |
| Accessories | Value-Added |
| Used Cars | Tax Optimization |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In June, the company announced its plans to change its name to Moatable Inc. |
| 2022 | Contracts/Agreements | In April, the company and Guangzhou Yupu Software Technology signed a software license and distribution agreement to modify, sell, and commercially exploit the licensed software worldwide except in Mainland China. |
| 2018 | Acquisitions/Mergers/Takeovers | In November, Renren and CM7Star announced its plans to acquire 100% stake in Kaixin for around US$454 million. |
Competitor Comparison
| Key Parameters | Moatable Inc | Tencent Holdings Ltd | NetEase Inc | JOYY Inc | Yixin Group Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | China | China | Singapore | China |
| City | Phoenix | Shenzhen | Hangzhou | Singapore | Shanghai |
| State/Province | Arizona | Guangdong | Zhejiang | - | Shanghai |
| No. of Employees | 482 | 105,417 | 31,119 | 6,681 | 4,231 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Joseph Chen | Chief Executive Officer; Chairman | Executive Board | 2002 | 53 |
| James Jian Liu | Director; Chief Operating Officer | Executive Board | 2008 | 50 |
| Henry He Li | Vice President - Product and Engineering | Senior Management | 2011 | 39 |
| Lin Cong | Director | Non Executive Board | 2020 | 42 |
| James M. Dumler | Director | Non Executive Board | 2022 | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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