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Document and Entity Information	12 Months Ended
Document and Entity Information	Dec. 31, 2013 shares
Entity Registrant Name	Renren Inc.
Entity Central Index Key	0001509223
Document Type	20-F
Document Period End Date	Dec. 31, 2013
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY
Class A ordinary shares
Entity Common Stock, Shares Outstanding	790,273,372
Class B ordinary shares
Entity Common Stock, Shares Outstanding	305,388,450

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 154,308	$ 207,438
Term deposits	492,699	550,000
Short-term investments	301,995	147,045
Accounts and notes receivable (net of allowances of $556 and $1,143 as of December 31, 2012 and 2013, respectively)	15,958	18,402
Prepaid expenses and other current assets	34,080	29,591
Amounts due from related parties	62,411	258
Equity method investment- current	60,508
Deferred tax assets-current	628
Total current assets	1,122,587	952,734
Property and equipment, net	58,560	32,355
Intangible assets, net	27,397	26,820
Goodwill	61,407	59,673
Long-term investments	107,842	107,597
Deferred tax assets-non-current	1,109
Other non-current assets	6,784	22,634
TOTAL ASSETS	1,385,686	1,201,813
Current liabilities:
Accounts payable (including accounts payable of the consolidated VIEs without recourse to Renren Inc. of $36,454 and $9,002 as of December 31, 2012 and 2013, respectively)	10,170	36,743
Accrued expenses and other payables (including accrued expenses and other payables of the consolidated VIEs without recourse to Renren Inc. of $36,892 and $29,463 as of December 31, 2012 and 2013, respectively)	33,314	41,608
Amounts due to related parties (including amount due to a related party of the consolidated VIEs without recourse to Renren Inc. of $77 and $178 as of December 31, 2012 and 2013, respectively)	61,062	77
Deferred revenue and advance from customers (including deferred revenue and advance from customers of the consolidated VIEs without recourse to Renren Inc. of $10,419 and $8,003 as of December 31, 2012 and 2013, respectively)	8,639	10,668
Income tax payable (including income tax payable of the consolidated VIEs without recourse to Renren Inc. of $1,023 and $2,066 as of December 31, 2012 and 2013, respectively)	2,077	1,023
Total current liabilities	115,262	90,119
Long-term liabilities:
Deferred tax liabilities-noncurrent		6,564
Other non-current liabilities	156
TOTAL LIABILITIES	115,418	96,683
Commitments (Note 24)
Equity:
Additional paid in capital	1,285,283	1,319,044
Subscription receivable		(229)
Accumulated deficit	(197,726)	(261,459)
Statutory reserves	6,712	6,712
Accumulated other comprehensive income	174,781	39,714
Total Renren Inc. shareholders' equity	1,270,145	1,104,915
Noncontrolling interest	123	215
Equity	1,270,268	1,105,130
TOTAL LIABILITIES AND EQUITY	1,385,686	1,201,813
Class A ordinary shares
Equity:
Ordinary shares	790	730
Class B ordinary shares
Equity:
Ordinary shares	$ 305	$ 403

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Accounts and notes receivable, allowances (in dollars)	$ 1,143	$ 556
Accounts payable (in dollars)	10,170	36,743
Accrued expenses and other payables (in dollars)	33,314	41,608
Amounts due to related parties (in dollars)	61,062	77
Deferred revenue and advance from customers (in dollars)	8,639	10,668
Income tax payable (in dollars)	2,077	1,023
Variable Interest Entity
Accounts payable (in dollars)	9,002	36,454
Accrued expenses and other payables (in dollars)	29,463	36,892
Amounts due to related parties (in dollars)	178	77
Deferred revenue and advance from customers (in dollars)	8,003	10,419
Income tax payable (in dollars)	$ 2,066	$ 1,023
Class A ordinary shares
Ordinary shares, par value (in dollars per share)	$ 0.001	$ 0.001
Ordinary shares, shares authorized	3,000,000,000	3,000,000,000
Ordinary shares, shares issued	789,976,372	729,848,742
Ordinary shares, shares outstanding	789,976,372	729,848,742
Class B ordinary shares
Ordinary shares, par value (in dollars per share)	$ 0.001	$ 0.001
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, shares issued	305,388,450	402,680,117
Ordinary shares, shares outstanding	305,388,450	402,680,117

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF OPERATIONS
Net revenues	$ 156,691	$ 159,635	$ 111,510
Cost of revenues	68,696	65,063	25,594
Gross profit	87,995	94,572	85,916
Operating expenses:
Selling and marketing	66,443	50,078	37,656
Research and development	80,530	73,647	37,427
General and administrative	50,999	35,032	15,523
Impairment of intangible assets	208		446
Restructuring cost	3,475
Total operating expenses	201,655	158,757	91,052
Loss from operations	113,660	64,185	5,136
Other income	1,039	2,446	2,340
Exchange gain (loss) on dual currency deposit/offshore bank accounts	1,476	(1,769)	7,753
Interest income	12,789	20,040	9,579
Realized gain on short-term investments	56,022	4,317	50,911
Impairment of short-term investments	(2,098)
Impairment of equity method investments	(23,025)
Impairment of cost method investment			(79)
(Loss) income before provision of income tax and earnings (loss) in equity method investments and noncontrolling interest, net of income taxes	(67,457)	(39,151)	65,368
Income tax benefit (expenses)	7,453	(920)	(640)
(Loss) income before earnings (loss) in equity method investments and noncontrolling interest, net of income taxes	(60,004)	(40,071)	64,728
Earnings (loss) in equity method investments, net of income taxes	20,317	(7,471)	1,320
(Loss) income from continuing operations	(39,687)	(47,542)	66,048
Discontinued operations:
Loss from the operations of the discontinued operations, net of income taxes	29,337	27,511	25,044
Gain on deconsolidation of the subsidiaries	132,665
Gain (loss) from the discontinued operations, net of income taxes	103,328	(27,511)	(25,044)
Net income (loss)	63,641	(75,053)	41,004
Net loss attributable to the noncontrolling interest	92	27	252
Net (loss) income from continuing operations attributable to Renren Inc.	(39,595)	(47,515)	66,300
Net income (loss) from discontinued operations attributable to Renren Inc.	103,328	(27,511)	(25,044)
Net income (loss) attributable to Renren Inc.	$ 63,733	$ (75,026)	$ 41,256
Net income (loss) per share from continuing operations attributable to Renren Inc. shareholders:
Basic (in dollars per share)	$ (0.03)	$ (0.04)	$ 0.08
Diluted (in dollars per share)	(0.03)	(0.04)	0.07
Net income (loss) per share from discontinued operations attributable to Renren Inc. shareholders
Basic (in dollars per share)	0.09	(0.02)	(0.03)
Diluted (in dollars per share)	0.09	(0.02)	(0.03)
Net income (loss) per share attributable to Renren Inc. shareholders:
Basic (in dollars per share)	0.06	(0.07)	0.05
Diluted (in dollars per share)	$ 0.06	$ (0.07)	$ 0.05
Weighted average number of shares used in calculating net income (loss) per share from continuing operations attributable to Renren Inc. shareholders:
Basic (in shares)	1,118,091,879	1,151,659,545	850,670,583
Diluted (in shares)	1,118,091,879	1,151,659,545	901,340,381
Weighted average number of shares used in calculating net income (loss) per share from discontinued operations attributable to Renren Inc. shareholders:
Basic (in shares)	1,118,091,879	1,151,659,545	850,670,583
Diluted (in shares)	1,130,739,922	1,151,659,545	850,670,583

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ 63,641	$ (75,053)	$ 41,004
Other comprehensive income (loss), net of tax:
Foreign currency translation	4,805	1,289	2,379
Net unrealized gain (loss) on available-for-sale investments, net of income taxes of $nil for the years ended December 31, 2011, 2012 and 2013, respectively	183,932	32,374	(8,873)
Transfer to statements of operations of realized gain on available-for-sale securities, net of income taxes of $nil for the years ended December 31, 2011, 2012 and 2013, respectively	(55,768)	(1,283)	(32,818)
Transfer to statements of operations as a result of other-then-temporary impairment of short-term investments	(2,098)
Other comprehensive income (loss)	135,067	32,380	(39,312)
Comprehensive income (loss)	198,708	(42,673)	1,692
Less: Comprehensive loss attributable to noncontrolling interest	92	27	242
Comprehensive income (loss) attributable to Renren Inc.	$ 198,800	$ (42,700)	$ 1,450

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net unrealized gain (loss) on available-for-sale investments, income taxes	$ 0	$ 0	$ 0
Transfer to statements of operations of realized gain on available-for-sale investments, income taxes	$ 0	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Total Renren Inc.'s equity (deficit)	Ordinary shares	Treasury shares	Additional paid-in capital	Subscription receivable	Accumulated deficit	Statutory reserves	Accumulated other comprehensive income	Non-controlling interest	Series A convertible preferred shares Preferred Stock	Series B convertible preferred shares Preferred Stock	Class A ordinary shares	Class A ordinary shares Ordinary shares	Class B ordinary shares Ordinary shares
Balance at Dec. 31, 2010	$ (169,392)	$ (169,392)	$ 211		$ 9,470	$ (4,909)	$ (223,572)	$ 2,595	$ 46,646		$ 85	$ 82
Balance (in shares) at Dec. 31, 2010			211,383,000								85,100,000	81,501,540
Increase (Decrease) in Shareholders' Equity
Stock-based compensation	5,523	5,523			5,523
Capital contribution from non-controlling interest Shareholder of Qingting	542									$ 542
Other comprehensive income (loss)	(39,302)	(39,312)							(39,312)	10
Net income (loss)	41,004	41,256					41,256			(252)
Provision of statutory reserves							(912)	912
Exercise of share option and restricted shares vesting	14,233	14,233	$ 62		14,157									$ 7	$ 7
Exercise of share option and restricted shares vesting (in shares)			61,171,840											7,128,595	7,229,170
Repurchase of ordinary shares	(24,310)	(24,310)	$ (1)	$ (25,597)	1,306									$ (18)
Repurchase of ordinary shares (in shares)			(800,000)	(18,267,684)									(19,067,684)	(18,267,684)
Issuance of common shares upon IPO (net of issuance costs of $6,317)	777,379	777,379			777,203									$ 176
Issuance of common shares upon IPO (in shares)														176,162,559
Conversion of preferred shares upon IPO	599,959	599,959			599,400						$ (85)	$ (82)		$ 494	$ 232
Conversion of preferred shares upon IPO (in shares)											(85,100,000)	(81,501,540)		494,265,840	231,402,480
Registration of ordinary shares as Class A and Class B ordinary shares prior to IPO			$ (272)											$ 112	$ 160
Registration of ordinary shares as Class A and Class B ordinary shares prior to IPO (in shares)			(271,754,840)											111,623,040	160,131,800
Cash received from share subscription receivables	4,909	4,909				4,909
Balance at Dec. 31, 2011	1,210,545	1,210,245		$ (25,597)	1,407,059		(183,228)	3,507	7,334	300				$ 771	$ 399
Balance (in shares) at Dec. 31, 2011				(18,267,684)										770,912,350	398,763,450
Increase (Decrease) in Shareholders' Equity
Stock-based compensation	10,897	10,897			10,897
Other comprehensive income (loss)	32,380	32,380							32,380
Net income (loss)	(75,053)	(75,026)					(75,026)			(27)
Provision of statutory reserves							(3,205)	3,205
Exercise of share option and restricted shares vesting	3,588	3,588			3,571									$ 13	$ 4
Exercise of share option and restricted shares vesting (in shares)														13,189,706	3,916,667
Repurchase of ordinary shares	(75,085)	(75,085)		$ (76,131)	1,100									$ (54)
Repurchase of ordinary shares (in shares)				(54,253,314)									(54,253,314)	(54,253,314)
Advances to shareholders	(1,605)	(1,605)			(1,605)
Cancellation of treasury shares				$ 101,728	(101,728)
Cancellation of treasury shares (in shares)				72,520,998
Acquisition 35% noncontrolling interest in Qingting	(537)	(250)			(250)					(287)
Share subscription receivables of JiehunChina		(229)				(229)				229
Balance at Dec. 31, 2012	1,105,130	1,104,915			1,319,044	(229)	(261,459)	6,712	39,714	215				$ 730	$ 403
Balance (in shares) at Dec. 31, 2012														729,848,742	402,680,117
Increase (Decrease) in Shareholders' Equity
Stock-based compensation	16,138	16,138			16,138
Other comprehensive income (loss)	135,067	135,067							135,067
Net income (loss)	63,641	63,733					63,733			(92)
Exercise of share option and restricted shares vesting	4,032	4,032			4,013									$ 17	$ 2
Exercise of share option and restricted shares vesting (in shares)														16,763,199	2,708,333
Repurchase of ordinary shares	(55,574)	(55,574)			(55,517)									$ (57)
Repurchase of ordinary shares (in shares)													(56,635,569)	(56,635,569)
Transfer Class B shares to Class A shares														$ 100	$ (100)
Transfer Class B shares to Class A shares (in shares)														100,000,000	(100,000,000)
Bad debt provision of share subscription receivables	229	229				$ 229
Receipt of repayment from shareholder	1,605	1,605			1,605
Balance at Dec. 31, 2013	$ 1,270,268	$ 1,270,145			$ 1,285,283		$ (197,726)	$ 6,712	$ 174,781	$ 123				$ 790	$ 305
Balance (in shares) at Dec. 31, 2013														789,976,372	305,388,450

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT) (Parenthetical) - USD ($) $ in Thousands		12 Months Ended
	May 04, 2011	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT)
Issuance of common shares upon IPO, issuance costs	$ 6,317		$ 6,317
Acquisition of noncontrolling interest (as a percent)		35.00%

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:
Net income (loss)	$ 63,641	$ (75,053)	$ 41,004
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Share-based compensation expense	16,138	10,897	5,523
Gain on deconsolidation of subsidiaries	(132,665)
Depreciation and amortization	19,188	16,138	8,640
Exchange (gain) loss on dual currency deposit and offshore accounts	(1,476)	1,769	(7,753)
Impairment on intangible assets	208		2,351
Impairment on equity method investments	23,025
Impairment on short-term investments	2,098
Impairment on long lived assets	90		79
Provision for doubtful accounts-accounts receivable	813	1,357	831
Provision for other current assets	146	3,543
Provision for advance to supplier	252	1,020
Provision for subscription receivable	229
Gain (loss) on disposal of equipments	(86)	128	(24)
Gain on short-term investments and fair value change of derivatives	(56,022)	(4,317)	(50,911)
Earnings (loss) in equity method investments	(20,317)	7,471	(1,320)
Changes in operating assets and liabilities:
Accounts and notes receivable	1,631	(4,639)	213
Prepaid expenses and other current assets	(19,625)	4,199	(29,446)
Other non-current assets	(488)	(5,054)	(1,332)
Accounts payable	2,213	15,933	12,344
Amounts due from/to related parties	13,063	341	1,364
Accrued expenses and other payables	3,861	11,603	12,561
Deferred revenue and advance from customers	(848)	3,104	2,319
Other non-current liabilities	156
Income tax payable	1,054	(494)	1,125
Deferred income taxes	(8,472)	967	(768)
Capital distribution received from Japan Marco (note 10)	19,158
Net cash used in operating activities	(73,035)	(11,087)	(3,200)
Cash flows from investing activities:
Considerations paid for business acquisition (net of cash acquired of $5,332, $nil and $nil for the years ended December 31, 2011, 2012 and 2013, respectively)			(74,268)
(Increase) decrease in term deposits	58,235	150,911	(696,939)
Sales of short-term investments	118,958	81,136	331,420
Proceeds from sale of call options	959	1,297
Proceeds from principal return on Series 2012-A Senior Secured Refi Loan Notes (note 10)	1,353	414
Purchase of short-term investments	(88,681)	(140,677)	(311,262)
Purchase of swaption	(1,999)
Purchase of equity method investments	(20,000)	(55,155)	(46,599)
Purchase of cost method investment	(116)		(2,460)
Purchases of Series 2012-A Senior Secured Refi Loan Notes		(10,000)
Proceeds from disposal of equipment	338		89
Purchases of equipment and property	(29,077)	(39,639)	(18,998)
Purchases of intangible assets	(1,349)	(1,029)	(325)
Proceeds from sales of discontinued business			18,443
Cash disposed of from deconsolidation of subsidiaries	(18,637)
Cash consideration received from disposition of Qingting	81
Net cash provided by (used in) investing activities	20,065	(12,742)	(800,899)
Cash flows from financing activities:
Repurchase of ordinary shares	(55,575)	(53,630)	(44,361)
Deposits for share repurchase	(10,860)
Shares issued during IPO			777,379
Proceeds from exercise of Series D warrants			198,090
Proceeds from exercise of share options	2,913	1,898	14,233
Advances to nominee shareholders of Jiexi Haohe		(1,605)
Contribution from nominee shareholders of Jiexi Haohe	1,605
Cash received for share subscription receivable			4,909
Capital contribution from noncontrolling interest shareholders			542
Proceeds from the issuance of promissory note issued to Nuomi Inc.	60,884
Consideration paid for acquiring 35% noncontrolling interest in Qingting		(555)
Net cash provided by (used in) financing activities	(1,033)	(53,892)	950,792
Net (decrease) increase in cash and cash equivalents	(54,003)	(77,721)	146,693
Cash and cash equivalents at beginning of year	207,438	284,643	136,063
Effect of exchange rate changes	873	516	1,887
Cash and cash equivalents at end of year	154,308	207,438	284,643
Supplemental schedule of cash flows information:
Income taxes paid	11	481	376
Schedule of non cash activities:
Non cash capital contribution by noncontrolling shareholder of JiehunChina		229
Payable for acquisition of property, plant and equipments included in accrued expenses and other liabilities	319	847	652
Acquisition of property, plant and equipments and other intangible assets through utilization of deposits	15,246	5,391	2,781
Repurchase of ordinary shares through utilization of deposits		21,455
Class A ordinary shares
Cash flows from financing activities:
Repurchase of ordinary shares	$ (55,575)	$ (53,630)	$ (44,361)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF CASH FLOWS
Considerations paid for business acquisition, cash acquired	$ 0	$ 0	$ 5,332
Acquisition of noncontrolling interest (as a percent)		35.00%

ORGANIZATION AND PRINCIPAL ACTIVITIES

12 Months Ended

Dec. 31, 2013

ORGANIZATION AND PRINCIPAL ACTIVITIES

ORGANIZATION AND PRINCIPAL ACTIVITIES

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

Renren Inc. (the “Company”), incorporated in the Cayman Islands, and its consolidated subsidiaries, variable interest entities (“VIEs”) and VIEs’ subsidiaries (collectively referred to as the “Group”) are primarily engaged in the operation of social networking internet platform (“SNS”), provision of online advertising services, internet value-added services (“IVAS”), including online talent show, VIP memberships and other IVAS, etc. and online gaming operations, through its platform, in the People’s Republic of China (the “PRC”).

As of December 31, 2013, Renren Inc.’s subsidiaries, VIEs and VIEs’ subsidiaries are as follows:

	Later of date		Percentage of
	of incorporation	Place of	legal ownership
Name of Subsidiaries	or acquisition	incorporation	by Renren Inc.	Principal activities

Subsidiaries:
CIAC/ChinaInterActiveCorp (“CIAC”)	August 5, 2005	Cayman Islands	100%	Investment holding
Renren-Jingwei Inc.	March 7, 2011	Cayman Islands	100%	Inactive
Link224 Inc.	May 31, 2011	Cayman Islands	100%	Investment holding
Renren Lianhe Holdings	September 2, 2011	Cayman Islands	100%	Investment holding
Wole Inc.	October 27, 2011	Cayman Islands	100%	Investment holding
JiehunChina Inc. (“JiehunChina”)	June 14, 2011	Cayman Islands	85.43%	Investment holding
Renren Giant Way Limited (“Renren Giant Way”)	May 17, 2012	Hong Kong	100%	Investment holding
Funall Technology Inc.	January 5, 2011	Cayman Islands	100%	Investment holding
Xin Ditu Holdings	September 7, 2011	Cayman Islands	100%	Investment holding
Renren Study Inc.	April 5, 2012	Cayman Islands	100%	Investment holding
Jingwei Inc. Limited	July 16, 2012	Cayman Islands	100%	Inactive
Happy Link Corporation Limited ("Happy Link")	May 7, 2011	Hong Kong	85.43%	Investment holding
Renren Game HongKong Limited (“Game HK”)	March 8, 2012	Hong Kong	100%	Investment holding
Jupiter Way Limited (“Jupiter Way”)	July 16, 2012	Hong Kong	100%	Inactive
Renren Game Japan Inc.	August 22, 2011	Japan	100%	Online Games
Renren Game Korea Co., Ltd.	September 30, 2011	Korea	100%	Online Games
Funall Technology Development (Taiwan) Co., Ltd.	September 6. 2010	Taiwan	100%	Online Games
Renren Game USA Inc.	March 8, 2012	USA	100%	Online Games
Appsurdity Inc.	September 7, 2012	USA	100%	Internet business
Qianxiang Shiji Technology Development (Beijing) Co., Ltd. (“Qianxiang Shiji”)	March 21, 2005	PRC	100%	Investment holding
Beijing Wole Information Technology Co. Ltd. (“Beijing Wole”)	October 27, 2011	PRC	100%	Investment holding
Renren Game Network Technology Development (Shanghai) Co., Ltd. (“Renren Network”)	November 30, 2012	PRC	100%	Investment holding
Beijing Jiexi Shiji Technology Development Co., Ltd. (“Jiexi Shiji”)	April 26, 2012	PRC	85.43%	Investment holding
Renren Huijin (Tianjin) Technology Co., Ltd. (“Huijin”)	October 10, 2012	PRC	100%	Investment holding
Joy Interactive (Beijing) Technology Development Co., Ltd.	April 24, 2013	PRC	100%	Investment holding

Variable Interest Entities:
Beijing Qianxiang Tiancheng Technology Development Co., Ltd. (“Qianxiang Tiancheng”)	October 28, 2002	PRC	N/A	IVAS business
Guangzhou Qianjun Internet Technology Co., Ltd. (“Qianjun Technology”)	October 7, 2010	PRC	N/A	Internet information service
Shanghai Renren Games Technology Development Co., Ltd. (“Renren Games”)	November 15, 2012	PRC	N/A	Online Games
Jiexi Haohe (Beijing) Technology Development Co.,Ltd. (“Jiexi Haohe”)	February 5, 2013	PRC	N/A	IVAS business

Subsidiaries of Variable Interest Entities:
Beijing Qianxiang Wangjing Technology Development Co., Ltd. (“Qianxiang Wangjing”)	November 11, 2008	PRC	N/A	Internet business
Shanghai Qianxiang Changda Internet Information Technology Development Co., Ltd. (“Shanghai Changda”)	October 25, 2010	PRC	N/A	Internet business
Beijing Wole Shijie Information Technology Co., Ltd. (“Wole Shijie”)	October 27, 2011	PRC	N/A	Technology development and service
Suzhou Sijifeng Internet Information Technology Development Co., Ltd.	March 22, 2012	PRC	N/A	Online Games
Beijing Qilin Wings Technology Development Co., Ltd.	January 16, 2013	PRC	N/A	Internet business
Tianjin Joy Interactive Technology Development Co., Ltd.	March 29, 2013	PRC	N/A	Online Games

The VIE arrangements

PRC regulations currently limit direct foreign ownership of business entities providing value-added telecommunications services, online advertising services, online game and internet services in the PRC where certain licenses are required for the provision of such services. To comply with these PRC regulations, the Company currently conducts substantially all of its businesses through four VIEs and their respective subsidiaries including Qianxiang Tiancheng, Qianjun Technology, Renren Games and Jiexi Haohe. Qianxiang Tiancheng and Jiexi Haohe are mainly engaged in the provision of online advertising and IVAS. Qianjun Technology is primarily engaged in the provision of online advertising and online talent show. Renren Games is primarily engaged in the provision of online gaming.

Qianxiang Shiji, a wholly owned subsidiary of CIAC (“WFOE”), Beijing Wole, a wholly owned subsidiary of Wole Inc. (“WFOE”), Renren Network, a wholly owned subsidiary of Game HK (WFOE"), and Jiexi Shiji, a wholly owned subsidiary of Happy Link, entered into a series of contractual arrangements with the VIEs that enable the Company to (1) have power to direct the activities that most significantly affects the economic performance of the VIEs, and (2) receive the economic benefits of the VIEs that could be significant to the VIEs. Accordingly, the Company is considered the primary beneficiary of the VIEs and has consolidated the VIEs’ financial results of operations, assets and liabilities in the Company’s consolidated financial statements. In making the conclusion that the Company is the primary beneficiary of the VIEs, the Company believes the Company’s rights under the terms of the exclusive option agreement and power of attorney are substantive given the substantive participating rights held by Softbank as it relates to operating matters, which provide it with a substantive kick out right.

More specifically, the Company believes the terms of the contractual agreements are valid, binding and enforceable under PRC laws and regulations currently in effect. In particular the Company also believes that the minimum amount of consideration permitted by the applicable PRC law to exercise the exclusive option does not represent a financial barrier or disincentive for the Company to currently exercise its rights under the exclusive option agreement. A simple majority vote of the Company’s board of directors is required to pass a resolution to exercise the Company’s rights under the exclusive option agreement, for which Mr. Joe Chen’s consent is not required. The Company’s rights under the exclusive option agreement give the Company the power to control the shareholders of the VIEs and thus the power to direct the activities that most significantly impact VIEs’ economic performance. In addition, the Company’s rights under the powers of attorney also reinforce the Company’s abilities to direct the activities that most significantly impact the VIEs’ economic performance. The Company also believes that this ability to exercise control ensures that the VIEs will continue to execute and renew service agreements and pay service fees to the Company. By charging service fees in whatever amounts the Company deems fit, and by ensuring that service agreements are executed and renewed indefinitely, the Company has the rights to receive substantially all of the economic benefits from the VIEs.

The VIEs hold the requisite licenses and permits necessary to conduct the Company’s business.

The contractual agreements below provide the Company with the power to direct the activities that most significantly affect the economic performance of the VIEs and enable the Company to receive substantially all of economic benefits and absorb the losses of the VIEs.

(1) Power of Attorney: WFOEs hold irrevocable power of attorney executed by the legal owners of the VIEs to exercise their voting rights on, including but not limited to dividend declaration, all matters at meetings of the legal owners of the VIEs and through such power of attorney has the right to control the operations of the VIEs. The power of attorney for Qianxiang Tiancheng, Qianjun Technology, and Jiexi Haohe will remain in force for ten years until December 22, 2020, December 3, 2023, and February 4, 2023 respectively, and will be automatically renewed upon the extension of the terms of the relevant business operations agreements until the earlier of the following events: (i) nominee loses his/her position in WFOEs or WFOEs issue a written notice to dismiss or replace nominee; and (ii) the business operations agreements among WFOEs, VIEs and VIEs’ shareholders terminate or expire. The power of attorney for Renren Games became effective on November 30, 2012 and will remain effective as long as Renren Games exist. Neither of the shareholders of Renren Games has the right to terminate or revoke the power of attorney without the prior written consent of Renren Network.

(2) Business Operations Agreement: The business operations agreements specifically and explicitly grant WFOEs the principal operating decision making rights, such as appointment of the directors and executive management, of the VIEs.

The terms of the business operations agreements are ten years and will be extended automatically for another ten years unless WFOEs provide a 30-day advance written notice to VIEs and to each of VIEs’ shareholders requesting not to extend the term three months prior to the expiration dates of December 22, 2020, December 3, 2023, November 29, 2022, and February 4, 2023, respectively. Neither VIEs nor any of VIEs’ shareholders may terminate the agreements during the terms or the extensions of the terms.

(3) Exclusive Equity Option Agreement: Under the exclusive equity option agreement, the WFOEs have the exclusive right to purchase the equity interests of the VIEs from the registered legal equity owners as far as PRC regulations permit a transfer of legal ownership to foreign ownership. The WFOEs can exercise the purchase right at any portion and any time in the 10-year agreement period.

Without the WFOEs’ consent, VIEs’ shareholders shall not transfer, donate, pledge, or otherwise dispose their equity shareholdings in VIEs in any way. The equity option agreement will remain in full force and effect until the earlier of: (i) the date on which all of the equity interests in VIEs have been acquired by the respective WFOE or its designated representative(s); or (ii) the receipt of the 30-day advance written termination notice issued by the respective WFOE to the shareholders of VIEs. The term of these agreements will be automatically renewed upon the extension of the term of the relevant exclusive equity option agreement.

(4) Spousal Consent Agreement: The spouse of each of the shareholders of Qianxiang Tiancheng acknowledged that certain equity interests of Qianxiang Tiancheng held by and registered in the name of his/her spouse will be disposed of pursuant to the equity option agreements. These spouses understand that such equity interests are held by their respective spouse on behalf of Qianxiang Shiji, and they will not take any action to interfere with the disposition of such equity interests, including, without limitation, claiming that such equity interests constitute communal property of marriage.

The spouse of each of the shareholders of Guangzhou Qianjun, Renren Games and Jiexi Haohe has acknowledged that certain equity interests of Guangzhou Qianjun, Renren Games and Jiexi Haohe, respectively, held by and registered in the name of his/her spouse will be disposed of pursuant to the loan agreement, equity option agreement and equity interest pledge agreement of which they are respectively a party, and they will not take any action to interfere with such arrangement, including claiming that such equity interests constitute property or communal property between his/her spouse and himself/herself.

(5) Exclusive Technical and Consulting Services Agreement: The WFOEs and registered shareholders irrevocably agree that the WFOEs shall be the exclusive technology service provider to the VIEs in return for a service fee which is determined at the sole discretion of the WFOEs.

The term of each of agreement is ten years and will be extended automatically for another ten years unless terminated by the WFOEs. The WFOEs can terminate the agreement at any time by providing a 30-day prior written notice. VIEs are not permitted to terminate the agreements prior to the expiration of the terms by December 22, 2020, December 3, 2023, November 29, 2022, and February 4, 2023, unless the WFOEs fail to comply with any of its obligations under this agreement and such breach makes the WFOEs unable to continue to perform this agreement.

(6) Intellectual Property License Agreement: The WFOEs and registered shareholders agree that the WFOEs shall have the exclusive right to license its intellectual property rights to VIEs in return for a license fee. The license fee is determined at the discretion of the Company. The term of these agreements will be automatically renewed upon the extension of the term of the relevant intellectual property license agreement.

The term of the agreement will be extended for another five years with both parties’ consents. The WFOEs may terminate the agreement at any time by providing a 30-day prior written notice. Any party may terminate the agreement immediately with written notice to the other party if the other party materially breaches the relevant agreement and fails to cure its breach within 30 days from the date it receives the written notice specifying its breach from the non-breaching party. The parties will review the agreement every three months and determine if any amendment is needed.

(7) Loan Agreements: Under loan agreements between WFOE and each of the shareholders of the respective VIEs, WFOE made interest-free loans to the shareholders of exclusively for the purpose of the initial capitalization and the subsequent financial needs of the VIEs. The loans can only be repaid with the proceeds derived from the sale of all of the equity interests in VIE to WFOE or its designated representatives pursuant to the equity option agreements. The term of each of these loans is ten years from the actual drawing down of such loans by the shareholders of VIE, and will be automatically extended for another ten years unless a written notice to the contrary is given by WFOE to the shareholders of VIE three months prior to the expiration of the loan agreements.

(8) Equity Interest Pledge Agreement: Shareholders of the VIEs have pledged all of their equity interests in the VIEs with their respective WFOEs and the WFOEs are entitled to certain rights to sell the pledged equity interests through auction or other means if the VIEs or the shareholders default in their obligations under other above-stated agreements.

These agreements are substantially the same, and that the equity interest pledge has become effective and will expire on the earlier of: (i) the date on which the VIE and its shareholders have fully performed their obligations under the loan agreements, the exclusive technical service agreement, the intellectual property right license agreement and the equity option agreements; (ii) the enforcement of the pledge by WFOE pursuant to the terms and conditions under this agreement to fully satisfy its rights under such agreements; or (iii) the completion of the transfer of all equity interests of VIE by the shareholders of VIE to another individual or legal entity designated by WFOE pursuant to the equity option agreement and no equity interest of VIE is held by such shareholders.

Risks in relation to the VIE structure

The Company and the Company’s legal counsel believe that Qianxiang Shiji’s, Beijing Wole’s, Renren Network’s, and Jiexi Shiji’s contractual arrangements with the VIEs are in compliance with PRC law and are legally enforceable. However, uncertainties in the PRC legal system could limit the Company’s ability to enforce these contractual arrangements and if the shareholders of the VIE were to reduce their interest in the Company, their interests may diverge from that of the Company and that may potentially increase the risk that they would seek to act contrary to the contractual terms, for example by influencing the VIEs not to pay the service fees when required to do so. If the legal structure and contractual arrangements were found to be in violation of PRC laws and regulations, the PRC government could:

· Revoke the business and operating licenses of the WFOEs, the VIEs and their subsidiaries;

· Discontinue or restrict the operations of any related-party transactions among the WFOEs, the VIEs and their subsidiaries;

· Impose fines or other requirements on the WFOEs, the VIEs and their subsidiaries;

· Require the Company or the WFOEs, the VIEs and their subsidiaries to revise the relevant ownership structure or restructure operations; and/or

· Restrict or prohibit the Company’s use of the proceeds of the additional public offering to finance the Company’s business and operations in China.

The Company’s ability to conduct its business including online advertising, online game, online talent show, other internet value added services and social commerce services (discontinued after the Company’s deconsolidation of Nuomi in October 2013) may be negatively affected if the PRC government were to carry out any of the aforementioned actions. As a result, the Company may not be able to consolidate the VIEs and the VIEs’ subsidiaries in its consolidated financial statements as it may lose the ability to exert effective control over the VIEs and the VIEs’ subsidiaries and shareholders, and it may lose the ability to receive economic benefits from the VIEs and the VIEs’ subsidiaries.

Certain shareholders of the VIEs are also shareholders of the Company. The interests of the shareholders of the VIEs may diverge from that of the Company and that may potentially increase the risk that they would seek to act contrary to the contractual terms, for example by influencing the VIEs not to pay the service fees when required to do so. The Company cannot assure that when conflicts of interest arise, shareholders of the VIEs will act in the best interests of the Company or that conflicts of interests will be resolved in the Company’s favor. Currently, the Company does not have existing arrangements to address potential conflicts of interest the shareholders of the VIEs may encounter in their capacity as beneficial owners and directors of the VIEs. The Company believes the shareholders of the VIEs will not act contrary to any of the contractual arrangements and the exclusive option agreements provide the Company with a mechanism to remove the current shareholders of the VIEs as beneficial shareholders of the VIEs should they act to the detriment of the Company. The Company relies on the current shareholders of VIEs whom also are directors and executive officers of the Company, to fulfill their fiduciary duties and abide by laws of Cayman Islands and act in the best interest of the Company or that conflicts will be resolved in our favor. If the Company cannot resolve any conflicts of interest or disputes between the Company and the shareholders of the VIEs, the Company would have to rely on legal proceedings, which could result in disruption of its business, and there is substantial uncertainty as to the outcome of any such legal proceedings.

The Company’s ability to control the VIEs also depends on the power of attorney that Qianxiang Shiji, Beijing Wole, Renren Network, and Jiexi Shiji have to vote on all matters requiring shareholder approval in the VIEs. As noted above, the Company believes this power of attorney is legally enforceable but may not be as effective as direct equity ownership.

The following consolidated financial information of the Company’s VIEs and their subsidiaries after elimination of intercompany transactions was included in the accompanying consolidated financial statements as of and for the years ended:

	As of December 31,
	2012		2013
Total current assets	$	24,523	$	125,854
Total non-current assets	$	83,079	$	36,481
Total assets	$	107,602	$	162,335

Total current liabilities	$	84,865	$	48,712
Total non-current liabilities	$	30	$	156
Total liabilities	$	84,895	$	48,868

	Years ended December 31,
	2011			2012			2013

Net revenue	$	110,897		$	158,291		$	152,338
(Loss) income from continuing operations	$	8,845		$	(38,492	)	$	(59,122	)
Loss from discontinued operations	$	(23,161	)	$	(26,448	)	$	(29,367	)

	Years ended December 31,
	2011			2012			2013

Net cash provided by (used in) operating activities	$	(3,804	)	$	21,101		$	11,820
Net cash used in investing activities	$	(18,572	)	$	(21,411	)	$	(7,457	)
Net cash provided by (used in) financing activities	$	(753	)	$	1,050		$	8,133

The following consolidated financial information of the Company excluding its VIEs and VIEs’ subsidiaries was included in the accompanying consolidated financial statements as of and for the years ended:

	As of December 31,
	2012		2013

Total current assets	$	1,026,221	$	996,733
Total non-current assets	$	67,990	$	226,618
Total assets	$	1,094,211	$	1,223,351

Total current liabilities	$	5,255	$	66,550
Total non-current liabilities	$	6,533	$	—
Total liabilities	$	11,788	$	66,550

	Years ended December 31,
	2011			2012			2013

Net revenue	$	613		$	1,344		$	4,353
Income (loss) from continuing operations	$	57,203		$	(9,050	)	$	19,435
Income (loss) from discontinued operations	$	(1,883	)	$	(1,063	)	$	132,695

	Years ended December 31,
	2011			2012			2013

Net cash (used in) provided by operating activities	$	604		$	(32,188	)	$	(84,855	)
Net cash (used in) provided by investing activities	$	(782,327	)	$	8,669		$	27,522
Net cash (used in) provided by financing activities	$	951,545		$	(54,942	)	$	(9,166	)

The VIEs contributed an aggregate of 99.5%, 99.2% and 97.2% of the consolidated net revenues for the years ended December 31, 2011, 2012 and 2013, respectively. As of the fiscal years ended December 31, 2012 and 2013, the VIEs accounted for an aggregate of 8.9% and 11.7%, respectively, of the consolidated total assets, and 87.8% and 42.3%, respectively, of the consolidated total liabilities. The assets not associated with the VIEs primarily consist of cash and cash equivalents and term deposits in offshore accounts and short-term investments and long-term investments.

There are no consolidated VIEs’ assets that are collateral for the VIEs’ obligations and can only be used to settle the VIEs’ obligations. There are no creditors (or beneficial interest holders) of the VIEs that have recourse to the general credit of the Company or any of its consolidated subsidiaries. There are no terms in any arrangements, considering both explicit arrangements and implicit variable interests, which require the Company or its subsidiaries to provide financial support to the VIEs. However, if the VIEs ever need financial support, the Company or its subsidiaries may, at its option and subject to statutory limits and restrictions, provide financial support to its VIEs through loans to the shareholders of the VIEs or entrustment loans to the VIEs.

Relevant PRC laws and regulations restrict the VIEs from transferring a portion of its net assets, equivalent to the balance of its statutory reserve and its share capital, to the Company in the form of loans and advances or cash dividends. Please refer to Note 28 for disclosure of restricted net assets.

Basis of presentation

The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).

Certain accounts and balances in the 2011 and 2012 consolidated financial statements and the related notes have been retrospectively adjusted to reflect the effect of discontinued operations as described in Note 4.

Principles of consolidation

The consolidated financial statements of the Company include the financial statements of Renren Inc., its subsidiaries, its VIEs and VIEs’ subsidiaries. All inter-company transactions and balances are eliminated upon consolidation.

Use of estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the reported amounts of revenues and expenses in the financial statements and accompanying notes. Significant accounting estimates reflected in the Company’s consolidated financial statements include, but are not limited to, revenue recognition, allowance for doubtful accounts receivables, share-based compensation, deferred tax valuation allowance, income taxes, impairment of goodwill and indefinite-lived intangible assets, purchase price allocation relating to business combination, fair value of derivative financial instruments and impairment of long-term and short-term investments.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=7668296&loc=d3e288-107754

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Topic 810
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-Section 50
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and term deposits which are highly liquid with a maturity of three months or less.

Term deposits

Term deposits are classified as held-to-maturity investments and carried at amortized cost. The term deposits mature within one year and are subject to penalty for early redemption before their maturity.

Fair value

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.

Authoritative literature provides a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:

· Level 1-inputs are based upon unadjusted quoted prices for identical assets or liabilities traded in active markets.

· Level 2-inputs are based upon quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

· Level 3-inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.

Investments

(1) Short-term investments

The Company’s short-term investments comprise marketable securities which are classified as available-for-sale and held-to-maturity and derivative financial instruments that are regarded as assets. The available-for-sale investments are reported at fair values with the unrealized gains or losses recorded as accumulated other comprehensive income in equity. Short-term investments with contractual maturity dates less than one year are classified as held-to-maturity measured at amortized costs when the Company has the positive intent and ability to hold the securities to maturity. The Company’s derivative financial instruments that are treated as assets are measured at fair value. The changes in fair value of those derivative instruments are recognized as gain or loss if such derivative instruments are not qualified for hedge accounting.

The Company reviews its available-for-sale short-term investments for other-than-temporary impairment (“OTTI”) based on the specific identification method. The Company considers available quantitative and qualitative evidence in evaluating the potential impairment of its short-term investments. If the cost of an investment exceeds the investment’s fair value, the Company considers, among other factors, general market conditions, expected future performance of the investees, the duration and the extent to which the fair value of the investment is less than the cost, and the Company’s intent and ability to hold the investment. The Company separates the amount of the OTTI into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings, which represents the difference between a security’s amortized cost basis and the discounted present value of expected future cash flows. The amount due to other factors is recognized in the consolidated statements of comprehensive income (loss) if the entity neither intends to sell and will not more likely than not be required to sell the security before recovery. The difference between the amortized cost basis and the cash flows expected to be collected is accreted as interest income.

(2) Long-term investments

Equity method investments

Investment in an entity where the Company can exercise significant influence, but not control, is accounted for using the equity method. Under the equity method, the investment is initially recorded at cost and adjusted for the Company’s share of undistributed earnings or losses of the investee. Investment losses are recognized until the investment is fully written down as the Company does not guarantee the investee’s obligations nor it is committed to provide additional funding.

When the Company’s carrying value in an equity method affiliated company is reduced to zero, no further losses are recorded in the Company’s consolidated financial statements unless the Company guaranteed obligations of the affiliated company or has committed additional funding. When the affiliated company subsequently reports income, the Company will not record its share of such income until it exceeds the amount of its share of losses not previously recognized.

The management regularly evaluates the impairment of the equity investment based on performance and the financial position of the investee as well as other evidence of market value. Such evaluation includes, but is not limited to, reviewing the investee’s cash position, recent financings, projected and historical financial performance, cash flow forecasts and financing needs. An impairment charge is recorded when the carrying amount of the investment exceeds its fair value and this condition is determined to be other-than-temporary.

Cost method investments

For investments in an investee over which the Company does not have significant influence, the Company carries the investment at cost and recognizes income as any dividends declared from distribution of investee’s earnings. The Company reviews the cost method investments for impairment whenever events or changes in circumstances indicate that the carrying value may no longer be recoverable. An impairment loss is recognized in earnings equal to the difference between the investment’s cost and its fair value at the balance sheet date of the reporting period for which the assessment is made. The fair value of the investment would then become the new cost basis of the investment.

Held-to-Maturityinvestment

Held-to-maturity investment includes debt securities that the Company purchased from Sofi Lending Corp., which will mature on July 3, 2032 and has a fixed annual interest rate of 4%. The Company has the positive intent and ability to hold the securities to maturity. The Company’s held-to-maturity investment is classified as long-term investments on the consolidated balance sheets based on their contractual maturity dates and are stated at their amortized costs.

Accounts and notes receivables and allowance for doubtful accounts

Accounts receivable represents those receivables derived in the ordinary course of business. Notes receivables are bank accepted drafts related to trade receivables of advertising revenue with a maturity less than six months. An allowance for doubtful accounts is provided based on aging analyses of accounts receivable balances, historical bad debt rates, repayment patterns and customer credit worthiness. No allowance is recorded for notes receivables as such balance are secured by the acceptance of the bank.

Property and equipment, net

Property and equipment, net is carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives:

Building		46 years
Furniture and vehicles		5 years
Computer equipment and application software		2-3 years
Leasehold improvements		Over the lesser of the lease term or useful life of the assets

Intangible assets, net

Intangible assets, other than goodwill, resulting from the acquisitions of entities accounted for using the acquisition method of accounting are estimated by management based on the fair value of assets acquired. Identifiable intangible assets with definite lives are carried at cost less accumulated amortization. Amortization of definite-lived intangible assets is computed using the straight-line method or accelerated method over the following estimated average useful lives, which are as follows:

Domain names, trademarks and online licenses		Indefinite lives
Operating platform and technology		3-8 years
Non-compete agreements		4 years
Game license		0.5-5 years
Login user		0.5-1 year
Technology, user generated content and relationship with broadcasters		6 years
Customer relationship		4 years
Registered user list		3 years
Video content copyright and web game cooperation agreement		2 years

Intangible assetswith indefinite lives

If an intangible asset is determined to have an indefinite life, it should not be amortized until its useful life is determined to be no longer indefinite. An intangible asset that is not subject to amortization is tested for impairment at least annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. Such impairment test consists of the fair values of assets and their carrying value amounts and an impairment loss is recognized if and when the carrying amounts exceed the fair values. The estimates of fair values of intangible assets not subject to amortization are determined using various discounted cash flow valuation methodologies. Significant assumptions are inherent in this process, including estimates of discount rates. Discount rate assumptions are based on an assessment of the risk inherent in the respective intangible assets. For the years ended December 31, 2011, 2012 and 2013, the Company recorded impairment loss for indefinite-lived intangible assets from continuing operations of $314, $nil and $nil, respectively and from discontinued operations of $1,905, $nil and $nil, respectively.

Impairment of long-lived assets and intangible assets with definite lives

Long-lived assets, such as property and equipment and definite-lived intangible assets are stated at cost less accumulated depreciation or amortization. Depreciation and amortization is computed principally by the straight-line method and accelerated method.

The Company evaluates the recoverability of long-lived assets, including identifiable intangible assets, with determinable useful lives whenever events or changes in circumstances indicate that an intangible asset’s carrying amount may not be recoverable. The Company measures the carrying amount of long-lived asset against the estimated undiscounted future cash flows associated with it. Impairment exists when the sum of the expected future net cash flows is less than the carrying value of the asset being evaluated. Impairment loss is calculated as the amount by which the carrying value of the asset exceeds its fair value. Fair value is estimated based on various valuation techniques, including the discounted value of estimated future undiscounted cash flows. The evaluation of asset impairment requires the Company to make assumptions about future cash flows over the life of the asset being evaluated. These assumptions require significant judgment and actual results may differ from assumed and estimated amounts. The Company recorded $nil, $nil, and $208 impairment charges of intangible assets with definite life for the years ended December 31, 2011, 2012 and 2013, respectively.

Goodwill

Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations.

Goodwill is not amortized, but tested for impairment upon first adoption and annually, or more frequently if event and circumstances indicate that they might be impaired.

Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The fair value of each reporting unit is estimated using a discounted cash flow methodology. This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, and assumptions that are consistent with the plans and estimates being used to manage the Company’s business, estimation of the long-term rate of growth for the Company’s business, estimation of the useful life over which cash flows will occur, and determination of the Company’s weighted average cost of capital. The estimates used to calculate the fair value of a reporting unit change from year to year based on operating results and market conditions. Changes in these estimates and assumptions could materially affect the determination of fair value and goodwill impairment for the reporting unit.

The Company performs a two-step goodwill impairment test. The first step compares the fair values of each reporting unit to its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill is not considered impaired and the second step will not be required. If the carrying amount of a reporting unit exceeds its fair value, the second step compares the implied fair value of the affected reporting unit’s goodwill to the carrying value of that goodwill. The implied fair value of goodwill is determined in a manner similar to accounting for a business combination with the allocation of the assessed fair value determined in the first step to the assets and liabilities of the reporting unit. The excess of the fair value of the reporting unit over the amounts assigned to the assets and liabilities is the implied fair value of goodwill. This allocation process is only performed for purposes of evaluating goodwill impairment and does not result in an entry to adjust the value of any assets or liabilities. An impairment loss is recognized for any excess in the carrying value of goodwill over the implied fair value of goodwill. In estimating the fair value of each reporting unit the Company estimates the future cash flows of each reporting unit, the Company has taken into consideration the overall and industry economic conditions and trends, market risk of the Company and historical information.

Business combination

Business combinations are recorded using the acquisition method of accounting. The assets acquired, the liabilities assumed, and any noncontrolling interest of the acquiree at the acquisition date, if any, are measured at their fair values as of that date. Goodwill is recognized and measured as the excess of the total consideration transferred plus the fair value of any noncontrolling interest of the acquiree, if any, at the acquisition date over the fair values of the identifiable net assets acquired. Previously, any noncontrolling interest was reflected at historical cost. Acquisition costs are expensed when incurred.

Common forms of the consideration made in acquisitions include cash and common equity instruments. Consideration transferred in a business acquisition is measured at the fair value as at the date of acquisition. For shares issued in a business combination, the Company used the fair value its common shares as of the date of acquisition.

Where the consideration in an acquisition includes contingent consideration, the contingent consideration is recognized and measured at its fair value at the acquisition date, and if recorded as a liability, it is subsequently carried at fair value with changes in fair value reflected in earnings.

Revenue recognition

The Company recognizes revenues when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured.

Online advertising revenues

The Company provides advertisement placement services in its SNS platforms and online games. The Company primarily enters into pay-for-time contracts, under which the Company bills its customers based on the period of time to display the advertisements in the specific formats on specific web pages. The Company also enters into pay-for-volume arrangements, under which it bills its customers on the traffic volume basis, e.g. pay-per-click or pay-per-impression.

For pay-for-time contracts, revenue is recognized ratably over the period the advertising is displayed.

For pay-for-volume contracts, revenue is recognized based on traffic volume tracked and the pre-agreed unit price.

Contractual billings in excess of recognized revenue and payments received in advance of revenue recognition are recorded as deferred revenues.

The Company principally enters into advertising placement contracts with advertisers’ advertising agents and the Company offers volume rebates to certain advertisers’ advertising agents. The Company recognizes estimated rebates as the reduction of revenues based on a systematic and rational allocation of the cost of honoring rebates earned and claimed to each of the underlying revenue transactions that results in progress by the customer toward earning the rebate or refund. Estimation of the total rebate is based on the estimates of the sales volume to be reached based on the historic experience of the Company. If amounts of future rebates cannot be reasonably estimated, a liability will be recognized for the maximum potential amount of the rebates.

Online game revenues

The Company generates revenues from the provision of online game, primarily web-based online game services. The online games can be accessed and played by end users free of charge but the end users may choose to purchase in-game merchandise or premium features to enhance their game playing experience using virtual currencies. The end users can purchase virtual currencies by making direct online payments or purchasing prepaid cards (“PP-Cards”). The Company uses on-line payment services operated by independent service providers and pays a fee for such services. Net proceeds received from these service providers after deduction of service fees are recorded as deferred revenues. The Company sells PP-Cards through distributors at a discount to the face value of the PP-Card. As the Company does not have control over and generally does not know the ultimate selling price of the PP-Cards sold by the distributors, net proceeds received from distributors after deduction of sales discounts are recorded as deferred revenues.

End users consume virtual currencies by purchasing in-game merchandise or premium features online. The Company calculates the monetary value of each unit of virtual currency consumed using a moving weighted average method by dividing the total cumulative unrecognized deferred revenues by total unconsumed virtual currencies monthly in advance.

The Company categorizes in-game merchandise or premium features as either consumptive or permanent. For the consumptive in-game merchandise or premium features, revenues are recognized when the in-game merchandise or premium features are first used by the end users. For the permanent in-game merchandise or premium features, revenues are recognized ratably over the estimated average playing period of paying players for each applicable game, which represents the Company’s best estimate of the estimated average life of permanent in-game merchandise or premium features.

In estimating the average playing period of paying players for each applicable game, the Company considers the charging data, which are affected by various factors such as acceptance and popularity of the game, the game updates and other in-game items, promotional events launched, future operating strategies and market conditions. Given the short operating history of the Company’s online games, the estimated average playing period of paying players for each applicable game may not accurately reflect the actual lives of the permanent in-game merchandise or premium features in that game. The Company reviews, at least annually, the average playing period of paying players for all applicable games to determine whether the estimated lives for permanent in-game merchandise or premium features remain reasonable. Based on the Company’s latest review, such estimated lives remain reasonable and have not changed significantly over time. The Company may revise its estimates as it continues to collect operating data, and refine its estimation process and results accordingly. All paying players’ data in an applicable game collected since the launch date of such game are used to perform the relevant assessment for that applicable game.

If there is insufficient player data to determine the average playing period of paying players for an applicable game, such as in the case of a newly launched game, the Company estimates the average playing period of paying players based on other similar games the Company or third parties operate, taking into account of the game profile, the target audience and the appeal to paying players of different demographics, until sufficient data is collected, which is normally up to 12 months after launch.

The amount associated with unused virtual currencies, which are without contractual expiration term, is carried as deferred revenues indefinitely as the Company was not able to reasonably estimate the amount of virtual currency which will be ultimately given up by the users due to the short operating history of the Company.

The Company also entered into revenue sharing agreements with various third-party game developers, under which the Company provides links of online games developed by those third-party game developers on the Company’s platforms while the third-party game developers operate the games, including providing game software, hardware, technical support and customer services. All of the web games developed by third-party game developers can be accessed and played by game players on the Company’s platforms without downloading separate software. The Company views the game developers to be its customers and considers its responsibility under such agreements to be that of distribution and payment collection for such games. The Company primarily collects payments from game players in connection with the sale of in-game currencies and remits the agreed-upon percentages of the proceeds to the game developers with the residual portion of such proceeds being deferred for revenue recognition until the estimated consumption date (the estimated date by which in-game currencies are consumed within the games for purchase of in-game merchandise or premium features), which is typically within a short period of time after the purchase of the in-game currencies. Purchase of in-game currencies is not refundable unless there is unused in-game currency at the time a game is discontinued. Typically, a game will only be discontinued when the monthly revenue generated by a game becomes insignificant.

Online talent show revenue (“Woxiu”)

“Woxiu,” which translates into “a show of your own” in Chinese, is a virtual stage the Company offers at the platform of 56.com where grassroots musicians and performers can live-stream their performances and share with viewers. Fans of the performing user can chat along with the performer and other live audience and purchase consumable virtual items to show support to the performers.

All “Woxiu” live video shows are available free of charge and fans can purchase virtual items or features on the platform with virtual currencies called “56 beans” to support their favorite performers. The number of 56 beans consumed is kept track of by our operation system and will be deducted from users’ accounts automatically when the 56 beans are deemed as consumed. Revenue is recognized monthly based on the number of 56 beans consumed. We pay the performers approximately 40% of the amount of 56 beans consumed, or up to 55% if they enter into an exclusive service contract with us. We recognize the total revenue on a gross basis, and the commission paid to the performers is recorded as cost of revenues. Similar to online game, The Company calculates the amount of revenues recognized for each unit of virtual currency consumed using moving weighted average method by dividing the total cumulative unrecognized deferred revenues by total unconsumed virtual currency.

Renren open platform program

The Company’s open social networking platforms also allow its users to access for-purchase applications developed by third parties on its platform. The Company is normally entitled to certain percentage of the payments received pursuant to the agreements entered with the third-party providers. The Company recognizes this revenue on a net basis when cash is received from the end customer and remits to remaining payments to the third party provider.

Social commerce services

Between June 2010 and October 2013, the Company began to engage in social commerce services through nuomi.com. Third-party merchants agree to provide Nuomi users discounted prices when pre-agreed amount of Nuomi users sign up for a deal consisting of particular products, services or events provided by the merchants. The Company recognizes revenue for the difference of the amounts it collects from Nuomi users and the amount the Company pays to the third-party merchants. The revenues are recognized when all following criteria are met: (i) the number of participating users reaches the minimum requirement of the merchants; (ii) the participating users have made their payments to the Company; (iii) the Company have released the electronic coupons for the agreed discounted prices to the participating users; and (iv) the electronic coupons have been consumed by the participating users. The payments received for unused coupons are initially recognized as other accounts payables and part of such balance is recognized as revenues when the above criteria have been met.

The third party merchants are responsible and liable for the quality of the products or services provided. The Company holds the right to claim reimbursements from the third party merchants or deduct from the amounts payable to them.

In October 2013, the Company deconsolidated Nuomi due to Nuomi’s issuance of new shares to Baidu Holdings Limited (“Baidu”) in accordance with a share subscription agreement between the Company, Nuomi and Baidu, resulting in the Company’s lost in controlling financial interest in Nuomi. Therefore, the Company no longer provides social commerce services after October 2013, see Note 4.

Business taxes

The Company’s PRC subsidiaries and VIEs are subject to business taxes at the rate of 3.36% for wireless value added services (“WVAS”) revenue, 5.6% for games revenue and 8.6% for advertising revenue before a pilot value-added tax (“VAT”) reform program was officially launched on January 1, 2012 (“Pilot Program”) by the Chinese State Council. Businesses in the Pilot Program would pay VAT instead of business tax. The Company reports revenue net of business taxes. Business taxes deducted in arriving net revenue during 2011, 2012 and 2013 were $9,468, $5,685 and $2,663, respectively.

Value added taxes

On January 1, 2012, the Chinese State Council officially launched a pilot value-added tax (“VAT”) reform program (“Pilot Program”), applicable to businesses in selected industries. Businesses in the Pilot Program would pay VAT instead of business tax. The Pilot Program initially applied only to transportation industry and “modern service industries” (“Pilot Industries”) in Shanghai and subsequently was expanded to ten other provinces and municipalities between August and December 2012. Since September 1, 2012, certain revenue generated from providing services which were previously subject to business tax became subject to VAT and related surcharges by various Chinese local tax authorities at rates ranging from 6.72% to 6.78%. VAT is also reported as a deduction to revenue when incurred and amounted to $8,980, and $8,874 for the years ended December 31, 2012 and 2013, respectively. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded in the line item of accrued expense and other payables on the face of consolidated balance sheet.

Income taxes

Current income taxes are provided for in accordance with the laws of the relevant tax authorities.

Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the financial statements. Net operating loss carry forwards and credits are applied using enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that a portion of or all of the deferred tax assets will not be realized. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics.

The impact of an uncertain income tax position on the income tax return is recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Interest and penalties on income taxes will be classified as a component of the provisions for income taxes. The Company did not recognize any income tax due to uncertain tax position or incur any interest and penalties related to potential underpaid income tax expenses for the years ended December 31, 2011, 2012 and 2013, respectively.

Financial instruments

Financial instruments include cash and cash equivalents, term deposits, accounts and notes receivable, amounts due from related parties, short-term investments, derivative financial instruments, long-term investments, accounts payable and amounts due to related parties. The fair value of cash and cash equivalents, term deposits, amounts due from related parties, accounts payables and amounts due to related parties approximate their carrying amounts reported in the consolidated balance sheets due to the short-term maturity of these instruments.

The derivative financial instruments and short-term investments are carried at fair value.

The cost and equity method investments are carried at carrying value and held-to-maturity investments are carried at amortized cost. It is not practical to estimate the fair value of such investments because of the lack of quoted market price and the inability to estimate fair value without incurring excessive costs.

Research and development expenses

Research and development expenses are primarily incurred for development of new services, features and products for the Company’s SNS, online games and 56.com as well as further improve the Company’s technology infrastructure to support these businesses. The Company has expensed all research and development costs when incurred.

Foreign currency translation

The functional and reporting currency of the Company is United States dollar (“US dollar”). The financial records of the Company’s subsidiaries and VIEs located in the PRC, Japan, Taiwan and Korea are maintained in their local currencies, Renminbi (“RMB”), Japanese Yen (“JPY”), New Taiwan dollar (“TWD”) and Korea Won (“KRW”), respectively, which are also the functional currencies of these entities.

Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the statements of operations.

The Company’s entities with functional currency of RMB, TWD, KRW and JPY, translate their operating results and financial positions into US dollar, the Company’s reporting currency. Assets and liabilities are translated using the exchange rates in effect on the balance sheet date. Equity amounts are translated at historical exchange rates. Revenues, expenses, gains and losses are translated using the average rates for the year. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component in the statements of comprehensive income (loss).

Comprehensive income (loss)

Comprehensive income (loss) includes net income or loss, unrealized gain (loss) on short-term investment and foreign currency translation adjustments and is reported in the consolidated statements of comprehensive income (loss).

Noncontrolling interest

Noncontrolling interests are separately presented as a component of equity in the consolidated financial statements. For noncontrolling interests related to the Company’s VIEs, because the Company is able to receive substantially all economic benefits and absorb the losses of such VIEs, no profit or loss is allocated to the noncontrolling interest of the VIEs. Accordingly, no amounts related to the VIEs were recognized for the years ended December 31, 2011, 2012 and 2013.

Share-based compensation

Share-based payment transactions with employees, such as share options are measured based on the grant date fair value of the equity instrument. The Company recognizes the compensation costs net of estimated forfeitures using the straight-line method, over the requisite service period of the award, which is generally the vesting period of the award. The estimate of forfeitures will be adjusted over the requisite service period to the extent that actual forfeitures differ, or are expected to differ, from such estimates. Changes in estimated forfeitures will be recognized through a cumulative catch-up adjustment in the period of change and will also impact the amount of stock compensation expense to be recognized in future periods.

Share awards issued to non-employees are measured at fair value at the earlier of the commitment date or the date the service is completed and recognized over the period the service is provided.

A change in any of the terms or conditions of share options shall be accounted for as a modification of the plan. Therefore, the Company calculates incremental compensation cost of a modification as the excess of the fair value of the modified option over the fair value of the original option immediately before its terms are modified, measured based on the share price and other pertinent factors at the modification date. For vested options, the Company would recognize incremental compensation cost in the period of the modification occurred and for unvested options, the Company would recognize, over the remaining requisite service period, the sum of the incremental compensation cost and the remaining unrecognized compensation cost for the original award on the modification date.

Earnings per share

Basic earnings (loss) per ordinary share is computed by dividing net income (loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period.

Diluted earnings per ordinary share reflect the potential dilution that could occur if securities were exercised or converted into ordinary shares. The Company had stock options, which could potentially dilute basic earnings per share in the future. To calculate the number of shares for diluted income per share, the effect of share options is computed using the treasury stock method. Potential ordinary shares in the diluted net loss per share computation are excluded in periods of loses from continuing operations as their effect would be anti-diluted.

Accounting pronouncements newly adopted

In December 2011, the FASB has issued an authoritative pronouncement related to disclosures about offsetting assets and liabilities. The guidance requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance did not have a significant effect on the Company’s consolidated financial statements.

In February 2013, the FASB has issued an authoritative pronouncement related to Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in this pronouncement do not change the current requirements for reporting net income or other comprehensive income in financial statements. The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of this guidance did not have a significant effect on the Company’s consolidated financial statements.

Recent accounting pronouncements not yet adopted

In March 2013, the FASB has issued an authoritative pronouncement related to parent’s accounting for the cumulative translation adjustment upon de-recognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. When a reporting entity (parent) ceases to have a controlling financial interest in a subsidiary or Company of assets that is a nonprofit activity or a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity, the parent is required to release any related cumulative translation adjustment into net income. Accordingly, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or Company of assets had resided.

For an equity method investment that is a foreign entity, the partial sale guidance still applies. As such, a pro rata portion of the cumulative translation adjustment should be released into net income upon a partial sale of such an equity method investment. However, this treatment does not apply to an equity method investment that is not a foreign entity. In those instances, the cumulative translation adjustment is released into net income only if the partial sale represents a complete or substantially complete liquidation of the foreign entity that contains the equity method investment.

Additionally, the amendments in this pronouncement clarify that the sale of an investment in a foreign entity includes both: (1) events that result in the loss of a controlling financial interest in a foreign entity (i.e., irrespective of any retained investment); and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition). Accordingly, the cumulative translation adjustment should be released into net income upon the occurrence of those events.

The amendments in this pronouncement are effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. The amendments should be applied prospectively to derecognition events occurring after the effective date. Prior periods should not be adjusted. Early adoption is permitted. If an entity elects to early adopt the amendments, it should apply them as of the beginning of the entity’s fiscal year of adoption. The Company does not expect the adoption of this guidance will have a significant effect on its consolidated financial statements.

In July 2013, the FASB has issued a pronouncement which provides guidance on financial statement presentation of an unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The FASB’s objective in issuing this pronouncement is to eliminate diversity in practice resulting from a lack of guidance on this topic in current U.S. GAAP. The amendments in this pronouncement state that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows.

To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets.

This pronouncement applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The amendments in this pronouncement are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The Company does not expect the adoption of this guidance will have a significant effect on its consolidated financial statements.

SIGNIFICANT RISKS AND UNCERTAINTIES

12 Months Ended

Dec. 31, 2013

SIGNIFICANT RISKS AND UNCERTAINTIES

SIGNIFICANT RISKS AND UNCERTAINTIES

3. SIGNIFICANT RISKS AND UNCERTAINTIES

Foreign currency risk

The RMB is not a freely convertible currency. The State Administration for Foreign Exchange, under the authority of the People’s Bank of China, controls the conversion of RMB into foreign currencies. The value of the RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China Foreign Exchange Trading System market. Cash and cash equivalents of the Company included aggregate amounts of $30,166 and $122,838 at December 31, 2012 and 2013, respectively, which were denominated in RMB.

Concentration of credit risk

Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, cash equivalents, term deposits, short term investment, accounts receivable and amounts due from related parties. The Company places their cash, cash equivalents, term deposits and short term investment, with financial institutions with high-credit ratings and quality. The Company conducts credit evaluations of customers in online advertising and generally do not require collateral or other security from their customers.

There was no customer who accounted for 10% or more of total net revenue for the years ended December 31, 2011, 2012 and 2013.

Clients accounting for 10% or more of accounts receivables are as follows:

	As of December 31,
	2012		2013
	Amount	%	Amount	%

Client A	2,184	12.1	1,070	6.7
Client B	602	3.3	1,855	11.6

DECONSOLIDATION OF SUBSIDIARIES

12 Months Ended

Dec. 31, 2013

DECONSOLIDATION OF SUBSIDIARIES

DECONSOLIDATION OF SUBSIDIARIES

4. DECONSOLIDATION OF SUBSIDIARIES

Deconsolidation of Nuomi Holdings Inc and its subsidiaries

Nuomi Holdings Inc and its subsidiaries (collectively the “Nuomi”) primarily provided deep-discount localized social commerce services and products through Nuomi.com to Nuomi users. Entertainment, dining, health and beauty services made up the majority of its social commerce deals.

On August 23, 2013, the Company, Baidu Holdings Limited (“Baidu”) and Nuomi Holdings Inc. (“Nuomi Inc”), entered into a share purchase agreement whereby Baidu would purchase the newly issued shares of Nuomi Inc. On a fully-diluted basis, upon the completion of the transaction on October 26, 2013, the Company’s ownership of Nuomi Inc. was reduced to 31.61%. As a result, from October 26, 2013, the Company no longer retained power of control over Nuomi and accordingly deconsolidated Nuomi’s financial statements from the Company’s consolidated financial statements.

On October 26, 2013, the Company used equity method to account for the investment in Nuomi Inc at value of $63,626, which represents fair value of 31.61% equity interest in Nuomi Inc. and was determined by the Company with the assistance of an independent valuation firm. On the same date, the Company calculated a gain on loss of control of $132,821, which is recorded as “gain on deconsolidation of the subsidiaries” in the statements of operations. The gain on such deconsolidation is calculated as follows:

	As of
	October 26, 2013

Fair value of 31.61% shares in Nuomi Inc.	$	63,626
Less: Cash and cash equivalents	18,310
Prepaid expenses and other current assets	26,417
Property and equipment, net	1,318
Other non-current assets	190
Accounts payable	(28,467		)
Accrued expenses and other payables	(10,957		)
Amounts due to Renren Inc.	(74,825		)
Deferred revenue	(1,181		)
Gain on deconsolidation of Nuomi Inc.	$	132,821

In February 2014, the Company sold the remaining 31.61% shares in Nuomi Inc. to Baidu with a cash consideration of $68,066. Besides, pursuant to resolution agreed among the Company, Nuomi Inc. and Baidu, immediately before the completion of this deal, Nuomi Inc. would pay to the Company $55,000 as a final dividend (see note 29). Upon the completion of above two transactions, the Company disposed all its shares in Nuomi Inc. As such, as of December 31, 2013, the Company treated the operations of Nuomi as discontinued and presented the investment in Nuomi Inc. separately under the caption “Equity method investment-current” in current assets in the consolidated balance sheets.

Deconsolidation of Beijing Qingting Technology Development Co. Ltd (“Qingting”)

Beijing Qingting Technology Development Co. Ltd., or Qingting was jointly established by the Company and eLong Inc, or eLong in April 2011 to operate travel interest-related fengche.com website in China. The Company held 65% equity interest of Qingting until February 2012, when the Company purchased the remaining 35% equity interest of Qingting from eLong with total cash consideration of $555. As a result, Qingting became a 100% owned subsidiary of the Company as of December 31, 2012.

On October 31, 2013, the Company sold 60% equity interest of Qingting to an independent individual for a cash consideration of $81. Upon the completion of the transaction on October 31, 2013, the Company’s ownership of Qingting was reduced to 40%. As a result, from November 1, 2013, the Company no longer retained power of control over Qingting and accordingly deconsolidated Qingting’s financial statements from the Company’s consolidated financial statements.

On October 31, 2013, the Company used equity method to account for the investment in Qingting at value of $160, which represents fair value of 40% equity interest in Qingting. On the same date, the Company calculated a loss on loss of control of $156, which is recorded as a deduction of “gain on deconsolidation of the subsidiaries” in the statements of operations. The loss on such deconsolidation is calculated as follows:

	As of
	October 31, 2013

Cash consideration received	$	81
Fair value of 40% investment in Qingting	160
Less: Cash and cash equivalents	328
Prepaid expenses and other current assets	5
Property and equipment, net	64
Loss on deconsolidation of Qingting	$	(156	)

As of December 31, 2013, the Company treated the operations of Qingting as discontinued.

DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2013

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

5. DISCONTINUED OPERATIONS

As described in Note 4, the operations of Nuomi and Qingting were treated as discontinued operations. The operating results from discontinued operations included in the Company’s consolidated statement of operations were as follows for the years ended December 31, 2011, 2012 and 2013.

	Year ended December 31
	2011				2012				2013
	Nuomi Inc.		Qingting		Nuomi Inc.		Qingting		Nuomi Inc.	Qingting
	US$		US$		US$		US$		US$	US$

Net revenue from discontinued operations	6,457		—		16,451		—		19,319	—
Loss from the operations of the discontinued operations, Before income taxes	24,296		720		27,295		216		28,378	959
Income tax expense	28		—		—		—		—	—
Loss from the operations of the discontinued operations, net of income taxes	24,324		720		27,295		216		28,378	959

Gain (loss) on deconsolidation of the subsidiaries	—		—		—		—		132,821	(156	)

Gain (loss) from the discontinued operations, net of income taxes	(24,324	)	(720	)	(27,295	)	(216	)	104,443	(1,115	)

All notes to the accompanying consolidated financial statements have been retrospectively adjusted to reflect the effect of the discontinued operations, where applicable.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
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+ Details

ACQUISITIONS

12 Months Ended

Dec. 31, 2013

ACQUISITIONS

ACQUISITIONS

6. ACQUISITIONS

Acquisition of Wole Inc.

On October 27, 2011, in order to expand its video-sharing business to on-line users, the Company acquired Wole Inc., 56.com Ltd., its subsidiary Beijing Wole, its VIE Guangzhou Qianjun and subsidiary of the VIE, Wole Shijie.

Among the total purchase consideration of $80,000, $79,600 was fully paid in cash as of the acquisition date. Through this acquisition the Company expanded its video-sharing business to on-line users.

The transaction was accounted for as a business combination using the purchase method of accounting.

The revenue and net loss of the acquiree for two months ended on December 31, 2011 from acquisition date included in the consolidated financial statement of operations of 2011 was $2,228 and $364, respectively.

The purchase price allocation of the transaction was determined by the Company with the assistance of an independent valuation firm, which was allocated to assets acquired and liabilities assumed as of the date of acquisition as follows:

				Amortization
				periods

Goodwill	$	54,161
Net working capital acquired	4,197
Net fixed assets	671
Intangible assets
Domain name, trademarks and online licenses	23,817			Indefinite
Technology	854			6 years
Registered user list	443			3 years
Non-compete agreement	187			4 years
User generated content	1,313			6 years
Video content copyright	348			2 years
Customer relationship	316			4 years
Webgame cooperation agreement	237			2 years
Relationship with broadcasters	443			6 years
Other long-term deferred expense	3
Deferred tax liability	(6,990		)

Total	$	80,000

The goodwill is attributable to intangible assets that cannot be recognized separately as identifiable assets under U.S. GAAP, and comprises (a) the assembled work force and (b) the expected but unidentifiable business growth from the acquisition.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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+ Details

ACCOUNTS AND NOTES RECEIVABLE

12 Months Ended

Dec. 31, 2013

ACCOUNTS AND NOTES RECEIVABLE

ACCOUNTS AND NOTES RECEIVABLE

7. ACCOUNTS AND NOTES RECEIVABLE

Accounts and notes receivable consists of the following:

	As of December 31,
	2012			2013

Accounts receivable	$	18,629		$	17,101
Notes receivable	329			—

Accounts and notes receivable, gross	18,958			17,101
Allowance of doubtful accounts	(556		)	(1,143		)

Accounts and notes receivable, net	$	18,402		$	15,958

Accounts receivable and notes receivable represent amounts earned under advertising contracts at the respective balance sheet dates. These amounts become billable according to the contract term. The notes receivable was bank accepted draft and was subsequently settled by bank in early 2013.

Movement of allowance for doubtful accounts is as follows:

	As of December 31,
	2011			2012			2013

Balance at beginning of year	$	233		$	224		$	556
Charge to expenses	831			1,357			1,661
Transferring out as a result of deconsolidation of subsidiaries	—			—			(2		)
Reversal	(429		)	(1,032		)	(849		)
Write off of accounts receivables	(428		)	—			(249		)
Exchange difference	17			7			26

Balance at end of year	$	224		$	556		$	1,143

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

PREPAID EXPENSES AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2013

PREPAID EXPENSES AND OTHER CURRENT ASSETS

PREPAID EXPENSES AND OTHER CURRENT ASSETS

8. PREPAID EXPENSES AND OTHER CURRENT ASSETS

	As of December 31,
	2012		2013

Deposits of share repurchase (1)	$	—	$	10,860
Advances to suppliers (2)	10,160		4,054
Receivables related to online gaming (3)	8,628		5,931
Interest income receivable (4)	2,708		2,869
Prepaid expenses	3,216		4,404
Other current assets	2,923		4,022
Rental deposits	1,956		1,940

Total	$	29,591	$	34,080

(1) The board of directors of the Company approved a series of share repurchase programs in September 2011, December 2012 and June 2013, respectively, whereby the Company is authorized, but not obligated to repurchase its outstanding American Depositary Shares (“ADSs”) from the open market within one year time period for each authorized program. The Company made the deposits of share repurchases of $nil, $10,860 to Morgan Stanley (“MS”) as of December 31, 2012 and 2013 respectively.

(2) Advance to suppliers are mainly comprised of prepayments to certain merchants for social commerce business in 2012. The amount was $8,517 and $nil as of December 31, 2012 and 2013, respectively. In 2013, advance to suppliers are mainly comprised of prepayment to suppliers for purchasing fixed assets, contents and copyrights. Advances to suppliers were non-interest bearing and short-term in nature.

As of December 31, 2012, an allowance of $1,020 was provided for the advance to suppliers of social commerce business. As described in Note 4, the business of social commerce business operated by Nuomi was disposed of in 2013. Accordingly, no allowance was provided in connection with social commerce business as of December 31, 2013. In the year ended December 31, 2013, an allowance of $252 was provided for the advance to game developers based on specific identification after considering repayment patterns and supplier credit worthiness.

(3) Receivables related to online gaming represents balances paid online by end users but held at a third party electronic payment service provider, which were in transition to the Company’s bank accounts as of December 31, 2012 and 2013. The balances were received by the Company a few days after December 31, 2012 and 2013, respectively.

(4) Interest income receivable of $2,708 and $ 2,869 as of December 31, 2012 and 2013 mainly related to the earned and accrued interest of the term deposits with financial institutions during the year.

SHORT-TERM INVESTMENTS AND EQUITY METHOD INVESTMENT-CURRENT

12 Months Ended

Dec. 31, 2013

SHORT-TERM INVESTMENTS AND EQUITY METHOD INVESTMENT-CURRENT

SHORT-TERM INVESTMENTS AND EQUITY METHOD INVESTMENT-CURRENT

9. SHORT-TERM INVESTMENTS AND EQUITY METHOD INVESTMENT-CURRENT

Short-term investments

As of December 31, 2012 and 2013, the Company held following short-term investments:

	As of December 31, 2012						As of December 31, 2013
			Gross						Gross		Other-than
			unrealized		Carrying				unrealized		-temporary			Carrying
	Cost		gains		amount		Cost		gain		impairment			amount

Available-for-sale:
Equity securities (i)	$	54,557	$	28,888	$	83,445	$	77,506	$	160,288	—			$	237,794
Corporate bonds (ii)	62,276		1,324		63,600		64,818		187		(2,098		)	62,907

Total	$	116,833	$	30,212	$	147,045	$	142,324	$	160,475	$	(2,098	)	$	300,701

	Year ended December 31, 2013					As of December 31, 2013
			Fair value				Carrying
	Cost		change				amount
Derivative financial instrument:
Interest rate swaption (iv)	$	1,999	$	(705	)		$	1,294

Total	$	1,999	$	(705	)		$	1,294

The following table provides additional information on the realized gains and losses of the Company for the years ended December 31, 2011, 2012, and 2013. For the purposes of determining gross realized gains, the cost of securities sold is based on specific identification.

	Year ended December 31, 2011						Year ended December 31, 2012							Year ended December 31, 2013
	Proceeds		Costs		Gains		Proceeds		Costs		Gains (losses)			Proceeds		Costs		Gains (losses)

Equity securities (i)	$	72,390	$	21,506	$	50,884	$	6,097	$	6,229	$	(132	)	$	81,456	$	25,950	$	55,506
Corporate bonds (ii)	14,101		14,074		27		73,742		71,887		1,855			37,502		37,240		262
Call options (iii)	—		—		—		1,297		—		1,297			959		—		959
Interest rate swaptoin (iv)	—		—		—		—		—		—			—		—		(705		)

Total	$	86,491	$	35,580	$	50,911	$	81,136	$	78,116	$	3,020		$	119,917	$	63,190	$	56,022

(i) Equity securities

The Company purchased two US listed companies (“the investees”) stocks in 2012 at a cost of $60,786. In 2012, the Company sold partial of the equity securities with stocks of the cost of $6,229 of the investments and recognized $1,165 realized gain on short-term investment in the statement of operations.

The Company purchased more stocks of one of the investees in 2013 at a cost of $48,899. The Company sold partial of one of the investees stocks and all of the other at cost of $25,950 and recognized $55,506 realized gain on short-term investment in the statement of operations.

(ii) Corporate bonds

In 2012, the Company purchased additional corporate bonds from a bank at cost of $79,891 and classified such investment as available-for-sale securities.

In 2013, the Company purchased more corporate bonds from two banks at cost of $39,782 and classified such investment as available-for-sale securities. A portion of corporate bonds, which was subsequently sold at a loss after balance sheet date, was impaired because of the change of fair value. Since the Company did not have the intent and ability to hold these corporate bonds until forecasted recovery as of December 31, 2013, $2,098 was recognized as an impairment loss in accordance with the difference between the investment’s cost and its fair value at the balance sheet date.

(iii) Call options

In April 2012, the Company entered into several agreements to sell call options on stocks of a US listed company through an overseas bank. Total premium of $1,297 was received. The call options expired in June 2012 without being exercised and no additional proceeds were received. In October 2013, the Company entered into several agreements to sell call options on stocks of a US listed company through an overseas bank. The call options were accounted for as derivatives and marked to market at each period end through statements of operations. Total premium of $959 was received. The call options expired in November 2013 without being exercised and no additional proceeds were received. There were no such call options outstanding as of December 31, 2012 and 2013.

(iv) Interest rate swaption

In December 2013, the Company entered into an interest rate swaption agreement with an oversea bank, providing the Company with the right but not the obligation to enter into an interest rate swap on December 18, 2014. The Company paid a premium of $1,999 and did not designate or account for the swaption as a hedge. The change in the market value of the swaption amounting to $705 was recognized as a realized loss in the year ended December 31, 2013.

Equity method investment-current

As described in Note 4, the Company deconsolidated Nuomi’s financial statements from the Company’s consolidated financial statements at October 26, 2013 and subsequently disposed its equity method investment in Nuomi Inc in February 2014. As such, as of December 31, 2013, the Company treated the operations of Nuomi as discontinued and presented the investment in Nuomi Inc. separately under the caption “Equity method investment-current” in current assets in the consolidated balance sheets on the basis of its fair value of $63,626 at deconsolidation date and the Company’s share of loss in Nuomi Inc. of $3,118 incurred from October 27 to December 31, 2013.

LONG-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2013

LONG-TERM INVESTMENTS

LONG-TERM INVESTMENTS

10. LONG-TERM INVESTMENTS

	As of December 31,
	2012		2013

Equity method investments:
Mapbar Technology Limited (“Mapbar”) (1)	$	23,782	$	2,414
Japan Macro Opportunities Offshore Partners, LP (“JMOOP”) (2)	17,987		48,119
Social Finance, Inc. (“SoFi”) (3)	47,776		44,673
Gaoxue Network Technology (Shanghai) Co., Ltd (“Gaoxue”) (4)	6,058		1,754
Beijing Qingting Changyou Technology Development Co., Ltd (“Qingting”) (5)	—		55

Total equity method investments	95,603		97,015

Cost method investments:
Hylink Advertising Co., Ltd. (“Hylink”)	2,408		2,478
Beijing Anqi Zhilian Technology Co., Ltd (“Anqi”)	—		116

Total cost method investments	2,408		2,594

Held-to-maturity investments:
Series 2012-A Senior Secured Refi Loan Notes	9,586		8,233

Total held-to-maturity	9,586		8,233

Total long-term investments	$	107,597	$	107,842

Equity method investments

(1) In October 2011, the Company acquired 35% equity interest of Mapbar with a total cash consideration of $26,599 and accounted for the investment using equity method as the Company was able to exercise significant influence on Mapbar. The Company recorded its share of the loss in Mapbar at $2,590, and $2,356 due to the operating losses incurred by the affiliated company for the years ended December 31, 2012, and 2013. The Company recognized an impairment of $19,012.

(2) On November 18, 2011, the Company made a $20,000 investment in JMOOP, which is a Cayman Islands exempted limited partnership. The investment was accounted for using equity method of accounting. The Company made additional investment of $20,000 in JMOOP and received a capital distribution of $19,158 in the year ended December 31, 2013. The Company recognized its share of the loss of $3,560, and gain of $29,290 for the years ended December 31, 2012 and 2013, respectively.

(3) On September 5, 2012, the Company entered into an Amended and Restated Right of First Refusal and Co-Sale Agreement with SoFi, agreeing to purchase 5,573,719 Series B Preferred Shares issued by SoFi at a price of $8.791258 per share with a total consideration of $49,000, which was paid in full in September 2012. The Company held 27.1% and 26.68% equity interest of SoFi as of December 31, 2012 and 2013, respectively and recognized its share of loss in SoFi of $1,224 and $3,103 for the years ended December 31, 2012, and 2013.

(4) On November 23, 2012, the Company paid $5,300 for 25% capital contribution of Gaoxue Network Technology (Shanghai) Co., Ltd. On December 5, 2012, the Company also paid $470 and $385 to two existing shareholders of Gaoxue for their 5% equity interest in Gaoxue. Consequently, the Company holds 30% of the total equity interest of Gaoxue. The Company recognized its share of loss in Gaoxue of $97 and $291 for the years ended December 31, 2012 and 2013. The Company recognized impairment of $4,013 in the year ended December 31, 2013.

(5) As described in Note 4, on October 31, 2013, the Company recognized the investment in Qingting of $160 based on the fair value at deconsolidation date. The Company then recorded its share of loss of Qingting of $105, which was incurred during the period from November 1 to December 31, 2013.

The summarized financial information of the equity method investments were as follows:

	As of December 31,
	2012		2013

Total current assets	$	106,835	$	196,016
Total assets	$	188,518	$	672,923
Total current liabilities	$	2,976	$	64,740
Total liabilities	$	16,918	$	355,053

	For the years ended December 31,
	2011		2012		2013

Net revenues	$	5,310	$	5,219	$	146,513
Gross profits	$	3,701	$	3,355	$	138,623
Net (income) loss	$	39,581	$	59,417	$	(83,860	)

Cost method investments

On April 25, 2011, the Company acquired 2% equity interest of Hylink at total cash consideration of $2,381 and accounted for the investment using cost method as the Company was unable to exercise significant influence on Hylink. Hylink is mainly engaged in advertising agency service. The Company had no seat in Board and did not involve in the operation of Hylink, accordingly the Company did not have the ability to exercise significant influence over the operating and financial decisions of Hylink, and thus the Company used the cost method to account for its investment Hylink.

In November 2013, the Company acquired 3% equity interest of Anqi at total cash consideration of $116 and accounted for the investment using cost method. Anqi is mainly engaged in development of online games. The Company did not have the ability to exercise significant influence over the operating and financial decisions of Anqi, and thus the Company used the cost method to account for its investment Anqi.

Held-to-Maturity investments

On July 3, 2012, the Company entered into a Note Purchase Agreement with SoFi Lending Corp., a subsidiary of SoFi, to purchase $10,000 Series 2012-A Senior Secured Refi Loan Notes issued by SoFi Lending Corp. The loan has a maturity date of July 3, 2032 and a fixed annual interest rate of 4% with no redemption feature. The Company has the positive intent and ability to hold the investments to maturity. The Company received monthly payments, including return of the principal of $414, $1,353 and earned interest of $137, $248 from SoFi Lending Corp. for the years ended December 31, 2012 and 2013.

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2013

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

11. PROPERTY AND EQUIPMENT, NET

	As of December 31,
	2012			2013

Building	$	—		$	34,395
Computer equipment and application software	61,149			61,857
Furniture and vehicles	1,159			1,267
Leasehold improvements	4,805			5,425
	67,113			102,944
Less: Accumulated depreciation	(34,758		)	(44,294		)
Less: Accumulated impairment loss	—			(90		)
	$	32,355		$	58,560

Depreciation expenses from continuing operations were $7,704, $13,209 and $16,826, and from discontinued operations were $125, $674 and $744, for the years ended December 31, 2011, 2012 and 2013, respectively.

Impairment loss from continuing operations were $nil, $nil and $90 for the years ended December 31, 2011, 2012 and 2013, respectively. No impairment loss was incurred from discontinued operations for the respective years.

ACQUIRED INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2013

ACQUIRED INTANGIBLE ASSETS, NET

ACQUIRED INTANGIBLE ASSETS, NET

12. ACQUIRED INTANGIBLE ASSETS, NET

The gross carrying amount, accumulated amortization and net carrying amount of the intangible assets are as follows:

	As of December 31,
	2012			2013
Intangible assets:
Domain name, trademarks and online licenses	$	24,174		$	25,001
Operating platforms and technology	1,228			1,264
Game license, webgame cooperation agreement and content copyright	3,706			5,278
User generated content	1,368			1,395
Customer and broadcasters relationship	770			793
Login users and registered user list	618			635
Non-compete agreement	189			195
	$	32,053		$	34,561
Less: Accumulated amortization
Operating platforms and technology	$	(542	)	$	(936	)
Game license, webgame cooperation agreement and content copyright	(3,048		)	(3,773		)
User generated content	(603		)	(931		)
Customer and broadcasters relationship	(383		)	(582		)
Login users and registered user list	(550		)	(575		)
Non-compete agreement	(107		)	(159		)
	$	(5,233	)	$	(6,956	)
Less: Accumulated impairment
Game license, webgame cooperation agreement and content copyright	—			(208		)
	$	—		$	(208	)
Intangible asset, net	$	26,820		$	27,397

In the year ended December 31 2013, the Company decided to terminate and then fully impair certain online game’s licenses due to an internal restructure. As a result, $208 was recorded as impairment loss from continuing operations for these terminated licenses.

Amortization expenses from continuing operations were $811, $2,205 and $1,618, and from discontinued operations were $nil for the years ended December 31, 2011, 2012 and 2013, respectively. The estimated amortization expenses for the years ending December 31, 2014, 2015, 2016, 2017 and after would be $1,239, $676, $415, $63, $3, respectively.

OTHER NON-CURRENT ASSETS

12 Months Ended

Dec. 31, 2013

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS

13. OTHER NON-CURRENT ASSETS

	As of December 31,
	2012		2013

Prepayment for purchase of office buildings	$	16,148	$	—
Employee housing loan	4,903		3,797
Rental deposit	1,169		1,896
Restricted cash, non-current	313		322
Long-term deferred expense	101		49
Suppliers deposit	—		720
Total	$	22,634	$	6,784

In June 2012, the Company prepaid $16,148 for office building in Shanghai. The ownership of the building was transferred to the Company in March 2013.

Since late 2011, the Company started to provide interest-bearing long-term loans to its employees to finance their purchase of residence only. In 2012, a total of $5,141 new loans were lent to its employees at an annual interest rate of 7.05% for the loans offered before July 1, 2012 and 6.55% for the loans offered after July 1, 2012. The Company has suspended the employee housing loan program in the first quarter of 2013. The total new loans in 2013 were $586.

GOODWILL

12 Months Ended

Dec. 31, 2013

GOODWILL

GOODWILL

14. GOODWILL

The Company tested goodwill for impairment at the reporting unit level, which is the same as reportable segment. Goodwill is only associated with “Renren” reporting unit. The changes in carrying amounts of goodwill for the years ended December 31, 2012 and 2013 were as follows:

	Year ended December 31,
	2012			2013

Gross amount:
Beginning balance	$	59,623		$	60,298
Exchange difference	675			1,734
Ending balance	60,298			62,032

Accumulated impairment loss:
Beginning balance	(625		)	(625		)
Ending balance	(625		)	(625		)
Goodwill, net	$	59,673		$	61,407

ACCRUED EXPENSES AND OTHER PAYABLES

12 Months Ended

Dec. 31, 2013

ACCRUED EXPENSES AND OTHER PAYABLES

ACCRUED EXPENSES AND OTHER PAYABLES

15. ACCRUED EXPENSES AND OTHER PAYABLES

	As of December 31,
	2012		2013

Employee payroll and welfare payables	$	13,608	$	9,168
Other tax payable	7,663		7,510
Accrued professional, marketing and leasing fees	8,321		8,897
Other payables	9,430		6,397
Liability for advance payment of unvested options (1)	1,465		166
Accrued advertising sales rebate	1,121		505
Accrued restructuring liabilities (2)	—		671
Total	$	41,608	$	33,314

(1) In July 2010, seven executive officers and employees of the Company provided promissory notes to the Company in connection with their early exercise of their respective share options. The loans bore an interest rate of 5.4% and were to be due and payable at the earlier of such executive officer’s termination of employment with the Company or the first public filing of the Company’s registration statement. The loans were secured by the pledge of the ordinary shares which were issued upon the early exercise of the share options. The seven executive officers paid the entire amount under the promissory notes in April 2011. The balances of liability for advance payment of unvested options were $1,465 and $166 as of December 31, 2012 and 2013, respectively.

(2) The accrued restructuring liabilities represent the payables to the counterparties of business contracts in associate with online game service. During 2013, the Company carried out and completed strategic restructure to adjust games segment. Whereas, a number of employment contracts and certain business contracts were terminated. As such, the Company accrued restructuring cost of $3,475, of which $2,804 was paid in 2013. The Company expected to pay the remaining balance in the fiscal year 2014 and did not expect to incur more restructuring cost within in games segment in fiscal year 2014.

INCOME TAXES

12 Months Ended

Dec. 31, 2013

INCOME TAXES

INCOME TAXES

16. INCOME TAXES

The Company, CIAC, Renren-Jingwei Inc, Link224 Inc., Renren Lianhe Holdings, Wole Inc., JiehunChina Inc., Funall Technology Inc., Xin Ditu Holdings, Renren Study Inc., Jingwei Inc. Limited are all incorporated in the Cayman Islands. They are tax-exempted under the tax laws of the Cayman Islands.

Qianxiang Wangjing, incorporated in the PRC on November 11, 2008, qualified as a “software enterprise” in 2009, and therefore was entitled to a two-year exemption starting from the commencement of the profitable year 2009, followed by a 50% reduction in tax rates for the succeeding three years in accordance with the EIT Law if Qianxiang Wangjing qualified for renewal and filed an annual qualification status update to the tax authority. In 2013, Qianxiang Wangjing did not qualify and therefore such report was not filed and accordingly not entitled to such tax reduction in 2013.

Shanghai Changda, incorporated in the PRC on October 25, 2010, qualified as a “software enterprise” in 2010, and therefore was entitled to a two-year exemption starting from the commencement of the profitable year 2011, followed by a 50% reduction in tax rates for the succeeding three years in accordance with the EIT Law if Shanghai Changda qualified for renewal and filed an annual qualification status update to the tax authority. In 2013, Shanghai Changda did not qualify and therefore such report was not filed and accordingly not continually entitled to such tax reduction from 2013.

Renren Games, incorporated in the PRC on November 15, 2012, qualified as a “software enterprise” in 2013, and therefore was entitled to a two-year exemption starting from the commencement of the profitable year 2013, followed by a 50% reduction in tax rates for the succeeding three years in accordance with the EIT Law.

In 2011, Qianjun Technology, incorporated in the PRC on October 7, 2010, qualified as high and new technology enterprise (“HNTE”) under EIT Law, and therefore, was entitled to a beneficial tax rate of 15%. The HNTE status is valid for three years and the qualifying entities can then apply to review for an additional three years provided the entity’s business operations continue to qualify for HNTE status. As of December 31, 2013, the Company believed they would be qualified for HNTE status and would renew the qualification, and therefore, would be continually entitled to the beneficial tax rate of 15% for another three years from 2014.

Other subsidiaries and VIEs of the Company domiciled in the PRC were subject to 25% statutory income tax rate in the years presented.

The EIT Law includes a provision specifying that legal entities organized outside PRC will be considered residents for Chinese income tax purposes if their place of effective management or control is within PRC. If legal entities organized outside PRC were considered residents for Chinese income tax purpose, they would become subject to the EIT Law on their worldwide income. This would cause any income from legal entities organized outside PRC earned to be subject to PRC’s 25% EIT. The Implementation Rules to EIT Law provide that non-resident legal entities will be considered as PRC residents if substantial and overall management and control over the manufacturing and business operations, personnel, accounting, properties, etc. reside within PRC.

Despite the present uncertainties resulting from the limited PRC tax guidance on the issue, the Company does not believe that the legal entities organized outside PRC should be characterized as PRC residents for EIT Law purposes.

Under the EIT Law and its implementation rules which became effective on January 1, 2008, dividends generated after January 1, 2008 and payable by a foreign-invested enterprise in PRC to its foreign investors who are non-resident enterprises are subject to a 10% withholding tax, unless any such foreign investor’s jurisdiction of incorporation has a tax treaty with PRC that provides for a different withholding arrangement. The Cayman Islands, where the Company is incorporated, does not have a tax treaty with PRC.

The Company’s subsidiaries and VIEs located in the PRC had aggregate accumulated deficits of $192,792 as of December 31, 2013. Accordingly, no deferred tax liability had been accrued for the Chinese dividend withholding taxes as of December 31, 2013.

The current and deferred component of income tax expenses (benefits) which were substantially attributable to the Company’s PRC subsidiaries and VIE and VIE’s subsidiaries, are as follows:

	Years ended December 31,
	2011			2012		2013

Current income tax expense	$	1,495		$	7	$	1,019
Deferred income tax (benefit) expense	(855		)	913		(8,472		)
Total Income tax (benefits) expenses	$	640		$	920	$	(7,453	)

The principal components of the deferred tax assets and liabilities are as follows:

	As of December 31,
	2012			2013

Current deferred tax assets
Provision for doubtful accounts	$	836		$	484
Accrued payroll and welfare	1,980			1,763
Accrued liabilities-current	—			1,894
Excessive advertising fees	1			—
Intangible assets amortization	25			52
Less valuation allowance	(2,842		)	(3,565		)
Current deferred tax assets, net	$	—		$	628

Non-current deferred tax assets
Accrued Liabilities-non-current	$	88		$	56
Excessive advertising fee-non-current	2,296			791
Net operating loss carry forwards	24,309			42,606
Less valuation allowance	(26,693		)	(35,855		)
Non-current deferred tax assets, net	$	—		$	7,598

Non-current deferred tax liabilities Intangible assets	$	(6,564	)	$	(6,489	)
Non-current deferred tax liabilities, net	$	(6,564	)	$	(6,489	)

The Company assessed the available evidence to estimate if sufficient future taxable income would be generated to use the existing deferred tax assets. As of December 31, 2013, the Company provided valuation allowance on deferred tax assets because the Company believed that it is more likely than not to be realized as the Company does not expect to generate sufficient taxable income in future.

The non-current deferred tax liabilities of $6,564 and $6,489 as of December 31, 2012 and 2013 were mainly related to the amortization of intangible assets acquired during business acquisition in 2011 as set out in Note 6.

The Company operates through multiple subsidiaries and VIEs and VIEs’ subsidiaries. The valuation allowance is considered on each individual entity basis. The subsidiaries and VIEs and VIEs’ subsidiaries registered in the PRC have total deferred tax assets related to net operating loss carry forwards of $24,309 and $42,606 as of December 31, 2012 and 2013, respectively. Valuation allowances have been established because the Company believes that it is more likely than not that its deferred tax assets will not be fully realized as it does not expect to generate sufficient taxable income in the near future.

Reconciliation between the income taxes expense (benefit) computed by applying the PRC tax rate to income (loss) before income taxes and the actual provision for income taxes is as follows:

	Years ended December 31,
	2011			2012			2013

Income (loss) before provision of income tax	$	65,368		$	(39,151	)	$	(67,457	)
PRC statutory income tax rate	25		%	25		%	25		%
Income tax at statutory tax rate	16,342			(9,788		)	(16,864		)
Taxable deemed interest income from inter-company interest-free loans	177			1,896			4,470
Non-deductible loss and other expenses not deductible for tax purposes	(5,304		)	8,599			3,383
Effect of income tax exemption of the Company in the Cayman Islands	(17,750		)	(5,060		)	(3,926		)
Effect of tax holidays	(4,172		)	(9,846		)	(3,491		)
Changes in valuation allowance	11,347			15,119			8,975

Income tax (benefits) expenses	$	640		$	920		$	(7,453	)

If the tax holidays were not available, income taxes provision and net income (loss) per share would have been as follows:

	Years ended December 31,
	2011		2012			2013

Provision for income taxes expenses	$	4,812	$	10,766		$	(3,962	)
Net income (loss) per ordinary share from continuing operations attributable to Renren Inc. shareholders
— basic	$	0.05	$	(0.07	)	$	0.05
— diluted	$	0.04	$	(0.07	)	$	0.05

The Company did not identify significant unrecognized tax benefits for the years ended December 31, 2011, 2012 and 2013, respectively. The Company did not incur any interest and penalties related to potential underpaid income tax expenses and also believed that the adoption of pronouncement issued by FASB regarding accounting for uncertainty in income taxes did not have a significant impact on the unrecognized tax benefits within 12 months from December 31, 2013.

Since January 1, 2008, the relevant tax authorities of the Company’s subsidiaries have not conducted a tax examination on Shanghai Changda. In accordance with relevant PRC tax administration laws, tax years from 2008 to 2013 of the Company’s PRC subsidiaries and VIEs and VIEs’ subsidiaries remain subject to tax audits as of December 31, 2013, at the tax authority’s discretion.

ORDINARY SHARES	12 Months Ended
ORDINARY SHARES	Dec. 31, 2013
ORDINARY SHARES
ORDINARY SHARES	17. ORDINARY SHARES On January 31, 2011, the Company repurchased 800,000 ordinary shares from non-employee shareholders at a price of $0.7 per share. In April 2011, the Board of Directors and the shareholders of the Company approved the following changes to the Company’s share capital. Immediately prior to the completion of the qualified IPO on May 4, 2011, the Company’s authorized share capital had been divided into 3,000,000,000 Class A ordinary shares with a par value of $0.001 per share and 500,000,000 Class B ordinary shares with a par value of $0.001 per share. The Class A and B ordinary shares have the same divided rights and the same earnings per share. Immediately prior to the completion of the qualified IPO on May 4, 2011 (i) 25,571,420 Series A convertible preferred shares (“Series A shares”), 70,701,580 Series B convertible preferred shares (“Series B shares”) and 173,985,970 ordinary shares held by Mr. Joseph Chen and his transferees which are his affiliates had been automatically converted as Class B ordinary shares on a 1-for-1 basis, (ii) 135,129,480 Series D convertible redeemable preferred shares (“Series D shares”) held by SB Pan Pacific Corporation and its transferees which are its affiliates had been automatically converted as Class B ordinary shares on a 1-for-1 basis, and (iii) all of the remaining ordinary shares and preferred shares that are issued and outstanding had been automatically converted into Class A ordinary shares on a 1-for-1 basis. On May 4, 2011, the Company completed its IPO of ADSs on the New York Stock Exchange with a total issuance of 61,065,000 ADSs at issuing price of $14 per ADS. Each ADS represents three Class A ordinary shares of the Company. As such, the total ADSs represent 183,195,000 Class A ordinary shares. In addition, concurrently with the IPO, the Company issued 23,571,426 Class A ordinary shares at a price of $4.67 per share in private placements with third parties. Total net proceeds received were $777,379 from the IPO and the private placements, net of offering costs of $6,317. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except that (i) in all matters subject to a vote at general meetings of the Company, Class B Ordinary Shares are entitled to ten votes whereas Class A Ordinary Shares are entitled to one vote, and (ii) each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. On September 29, 2011, the Company’s board of directors approved a share repurchase program, pursuant to which, the Company is authorized to repurchase up to $150 million worth of its issued and outstanding ADSs within one year from September 29, 2011 through September 28, 2012. On December 26, 2012, the Company’s board of directors authorized a renewal of the program dated September 29, 2011 for another 12 months from January 1, 2013 to December 31, 2013 to allow the Company to repurchase up to $48.2 million worth of its issued and outstanding ADSs. The renewed share repurchase program was completed on June 28, 2013. On June 28, 2013, the Company’s board of directors authorized a new share repurchase program for 12 months from June 28, 2013 to June 27, 2014 to authorize the Company to repurchase up to $100 million of our ADSs. During the years ended December 31, 2011, 2012 and 2013, pursuant to the series of repurchase programs and its renewal, the Company repurchased 19,067,684, 54,253,314 and 56,635,569 ordinary shares for total considerations of $44,361, $53,630 and $55,575, respectively. Out of the total shares repurchased in the year ended December 31, 2011, 800,000 shares were cancelled immediately after the repurchase, and the remaining shares repurchased were cancelled in year ended December 31, 2012. The shares repurchased in year ended December 31, 2012 and 2013 were immediately canceled after the repurchase.

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2013

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

18. FAIR VALUE MEASUREMENTS

Assets measured at fair value on a recurring basis

The following table summarizes the Company’s financial assets measured and recorded at fair value on recurring basis as of December 31, 2012, and 2013, respectively:

	As of December 31, 2012
	Quoted price in		Significant
	active markets		other		Significant
	for identical		observable		unobservable
	investments		inputs		in puts
	Level 1		Level 2		Level 3		Total

Short term investments:
Equity securities	$	83,445	$	—	$	—	$	83,445
Corporate bonds	63,600		—		—		63,600
Total	$	147,045	$	—	$	—	$	147,045

	As of December 31, 2013
	Quoted price in		Significant
	active markets		other		Significant
	for identical		observable		unobservable
	investments		inputs		in puts
	Level 1		Level 2		Level 3		Total
Short term investments:
Equity securities	$	237,794	$	—	$	—	$	237,794
Corporate bonds	62,907		—		—		62,907
Interest rate swaption	—		1,294		—		1,294
Total	$	300,701	$	1,294	$	—	$	301,995

Level 1 equity securities and corporate bonds were determined by using quoted prices in active markets for identical assets. In the year ended December 31, 2013, based on an assessment of other-than-temporary impairment, the Company recorded a $2,098 impairment charge to write down the investment in corporate bonds to its fair value, which is determined on the basis of unadjusted quoted prices (Level 1 input) as of December 31, 2013 (see Note 9).

The Company’s derivative financial instrument was classified as Level 2, as it was not actively traded and is valued using pricing models that used observable market inputs. The Company did not have any transfers between Level 1 and Level 2 fair value measurements during the periods presented.

Assets measured at fair value on a nonrecurring basis

The Company measured the impaired equity investments in Mapbar and Gaoxue (see Note 10) and certain impaired intangible assets with definite life (see Note 12) at fair value on a nonrecurring basis when they are annually evaluated or whenever events or changes in circumstances indicate that carrying amounts exceed their fair value as a result of the impairment assessments. The fair value measurement of the these impaired assets were classified as Level 3 because significant unobservable inputs were used in the valuation due to the absence of quoted market prices and inherent lack of liquidity.

The Company valuated the fair value of the investment in Mapbar using the cost approach. The significant unobservable inputs that were used in the valuation included the estimated recovery rate for the investee’s assets. The range of estimated recovery rate was from 36% to 100%.

The Company valuated the fair value of the investment in Gaoxue using the income approach. The significant unobservable inputs that were used in the valuation included:

	Range
Estimated net revenues	13,022~52,944
Estimated terminal growth rate	3	%
Discount rate	25	%
Timing of cash flows	7 years

The Company estimated the fair value of certain intangible assets in associated with online game sector using the income approach. Since the relevant online game licenses were terminated and no future cash flow was estimated to be associated with them, these assets were fully impaired as of December 31, 2013.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

SHARE-BASED COMPENSATION

12 Months Ended

Dec. 31, 2013

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

19. SHARE-BASED COMPENSATION

Stock options

The Company adopted 2003 Stock Incentive Plan (the “2003 Plan”), 2004 Stock Incentive Option Plan (the “2004 Plan”), 2005 Stock Incentive Plan (the “2005 Plan”), 2006 Equity Incentive Plan (the “2006 Plan”), 2008 Equity Incentive Plan (the “2008 Plan”), 2009 Equity Incentive Plan (the “2009 Plan”), 2011 Share Incentive Plan (the “2011 Plan”) and the Equity Incentive Plan specifically for Games segment (the “Link224 Inc. Plan”) for the granting of stock options and incentive stock options to employees and executives to reward them for service to the Company and to provide incentives for future service.

In October 2007, the Company’s Board of Directors approved 27,006,040 shares for option grants under the 2006 Plan. The majority options will vest over four years where 25% of the options will vest at the end of the first year, 25% will vest yearly in the second year through the fourth years. The stock options expire 10 years from the date of grant. All the authorized 27,006,040 options were granted to employees, management and external advisors in 2007.

On January 31, 2008, the Company’s Board of Directors approved 60,312,000 shares for option grants under the 2008 Plan. The options were granted in two batches with the majority options to be vested over four years. For Batch I options, 25% will be vested on the first anniversary and the remaining will vest 1/36 monthly from the second year to the fourth year, whereas Batch II options will be vested evenly on monthly basis over the four years period. The stock options expire in 10 years from the date of grant. All the authorized 60,312,000 options were granted to employees and management in 2008.

On October 15, 2009, the Company’s Board of Directors approved 39,064,000 shares for option grants under the 2009 Plan. The options will vest over three years where 25% of the options will vest on the grant date, 75% will vest evenly each subsequent calendar month through the three years. The stock options expire in 10 years from the date of grant. All the authorized 39,064,000 options were granted to employees and management in 2009.

On various dates from March to October 2010, the Company granted 3,980, 630 stock options to certain employees and advisor at exercise price of $1.80 per share. The options will vest either (1) 100% immediately upon grant, (2) over two years where 50% of the options will vest at the end of the first year, 1/24 will vest at each of the monthly anniversary for the grant date from the second year or (3) over four years where 25% of the options will vest at the end of the first year, 1/36 of the remaining 75% will vest at each of the monthly anniversary for the grant date from the second year through the fourth years.

In June 2010, the Board of Directors approved the early exercise of 84,395,110 stock options held by seven company executives in exchange for promissory notes with an interest rate of 5.4% per annum. The early exercise did not change the vesting schedule and other terms of the options granted.

The promissory notes are due and payable at the earlier of 3 years from issuance, termination of employment with the Company, or an initial public offering of the Company or any subsidiaries of its subsidiaries. The loans are secured by the pledge of the underlying ordinary share issued upon the early exercise.

The promissory notes are considered in-substance nonrecourse loans and consequently in substance the options still remain to be exercised. The shares issued upon the early exercise were not included in the calculation of basic earnings per share. The promissory notes have been fully paid in 2011.

The exercise with promissory notes was considered as a modification to the share-based compensation arrangement but without an incremental compensation cost.

In January 2011, the Board of Directors approved the early exercise of 44,000 stock options held by David Chao. The shares were legally issued but unvested, and the Company recorded par value in ordinary shares and difference between cash received and par value in additional capital.

In January 2011, the Company granted 12,608,500 share options to certain employees and advisors at the exercise price of $1.2 per share, where 25% of the options were vested on December 31, 2011 and 1/36 of the remaining 75%will be vested at each of the monthly anniversary of the grant date since December 31, 2011 through the end of the fourth year. The Company has determined the grant day fair value of the options was $7,649, which will be recognized in the consolidated statement of operations in the next four years.

The share options granted to the advisors have been accounted for share-based compensation to non-employees and marketed to market at the end of each period during vesting period. Total non-employees share-based compensation expenses was $662 for the year ended December 31, 2011.

In April 2011, the Board of Directors approved the early exercise of 440,000 share options held by a director of the Company at the cash proceeds of $528. The early exercise did not change the vesting schedule and the terms, automatic forfeiture upon employment termination before the original vesting period, of the options granted.

In September 2011, the Company granted 519,000 share options to certain employees with the exercise price of $1.76 per share, where 25% of the options were vested on various defined vesting commencement date per the share option agreements and 1/36 of the remaining 75% will be vested at each calendar month subsequent to first anniversary of the vesting commencement date through the end of the fourth year.

In December 2011, the Company granted 1,639,107 share options to certain employees with exercise price of $1.1 per share. For 60,000 share options of the total share options, 25% of the options were vested on November 9, 2012 and 1/36 of the remaining 75% will be vested at the ninth day of each calendar month after November 9, 2012 through the end of the fourth year. For 1,579,107 share options of the total share options, 25% of the options were vested on December 31, 2012 and 1/36 of the remaining 75% will be vested at the end of each calendar month after December 31, 2012 through the end of the fourth year.

On April 5, 2012, the Company issued 24,636,000 share options under the Company’s 2011 share incentive plan to its executives, non-executives directors and employees with the exercise price of $1.82 per share. For 24,300,000 share options of the total share options, 25% of the options will be vested on April 4, 2013 and 1/36 of the remaining 75% will be vested at the fourth day of each calendar month after April 4, 2013 through the end of the fourth year. For 240,000 share options of the total share options, 25% of the options will be vested on February 28, 2013 and 1/36 of the remaining 75% will be vested at the end of each calendar month after February 28, 2013 through the end of the fourth year. For 90,000 share options of the total share options, 25% of the options will be vested on January 8, 2013 and 1/36 of the remaining 75% will be vested at the eighth day of each calendar month after January 8, 2013 through the end of the fourth year. For 6,000 share options of the total share options, 25% of the options will be vested on March 18, 2013 and 1/36 of the remaining 75% will be vested at the eighteenth day of each calendar month after March 18, 2013 through the end of the fourth year. The Company has determined the fair value of the options was $26,638 on the grant date, which will be recognized as a share-based compensation cost in the consolidated statements of operations in the next four years on a straight line basis.

On April 30, 2012, the Company granted 300,000 share options to a new director appointed by the Board of Directors, the Company’s independent director, with exercise price of $2.03 per share, where 25% of the options will be vested on May 1, 2013 and 1/36 of the remaining 75% will be vested at the end of each calendar month after May 1, 2013 through the end of the fourth year.

In June, 2012, the Company granted 300,000 share options to another new director appointed by the Board of Directors, the Company’s independent director, with exercise price of $1.486 per share, where 25% of the options will be vested on June 14, 2013 and 1/36 of the remaining 75% will be vested at the end of each calendar month after June 14, 2013 through the end of the fourth year.

In December, 2012, the Company granted 3,503,400 share options to certain employees with exercise price of $1.1 per share, where 25% of the options will be vested on December 31, 2013 and 1/36 of the remaining 75% will be vested at the end of each calendar month after December 31, 2013 through the end of the fourth year.

On December 28, 2012, the Company modified the exercise price of the outstanding share options granted from $4.00 per ADS to $3.30 per ADS, which is the closing price of the Company’s ADS on the modification date. The eligible outstanding options for this modification as of December 31, 2012 totaled at 27,480,309. The total incremental cost as a result of the modification is $4,281, of which $949 was recognized as share-based compensation expense in 2012 and remaining balance will be amortized over the expected requisite service period.

On March 22, 2013, the Company granted 9,867,000 share options to certain employees with exercise price of $0.983 per share, where 25% of the options will be vested on March 21, 2014 and 1/36 of the remaining 75% will be vested at the 21st day of each calendar month after March 21, 2014 through the end of the fourth year.

On April 1, 2013, Link 224 Inc, a subsidiary of the Company, granted 11,630,000 share options to certain employees with exercise price of $0.01 per share, where 25% of the options will be vested on December 31, 2013 and 1/36 of the remaining 75% will be vested at the last day of each calendar month subsequent to January 1, 2014 through the end of the fourth year.

On May 17, 2013, the Company granted 3,060,000 share options to certain employees with exercise price of $0.95 per share, where 25% of the options will be vested on May 16, 2014 and 1/36 of the remaining 75% will be vested at the 16th day of each calendar month after May 16, 2014 through the end of the fourth year.

On August 30, 2013, the Company granted 600,000 share options to certain employees with exercise price of $1.087 per share, where 25% of the options will be vested on August 30, 2014 and 1/36 of the remaining 75% will be vested at the 16th day of each calendar month after August 30, 2014 through the end of the fourth year.

On October 25, 2013, the Company cancelled 187,600 options that were granted in several batches to the selected employees in Nuomi with weighted average exercise price of $1.15. This cancellation resulted in an immediate recognition of share-based compensation expenses of $425 in the year ended December 31, 2013.

On December 2, 2013, the Company granted 2,755,500 share options to certain employees with exercise price of $0.94 per share, where 25% of the options will be vested on December 2, 2014 and 1/36 of the remaining 75% will be vested at the 1st day of each calendar month after December 2, 2014 through the end of the fourth year.

The fair value of the options granted is estimated on the date of grant using the Black-Scholes option-pricing model with assistance from independent valuation firms, with the following assumptions used.

	Year ended December 31,
	2011	2012

Risk-free interest rate	1.62~3.25%	1.28~1.93%
Expected life (years)	5.92~6.09	5.96~6.08
Volatility rate	54%~55%	53%~64%
Dividend yield	—	—

The Company calculated the estimated fair value of the options on the respective grant dates using the binomial option pricing model with assistance from independent valuation firms, with the following assumptions used in 2013.

		Year ended December 31,
		2013

Risk-free interest rate		2.0~2.9%
Expected exercise multiple		2.2~2.8
Volatility rate		55%~57%
Dividend yield		—

(1) Volatility

The volatility of the underlying ordinary shares during the life of the options was estimated based on the historical stock price volatility of listed comparable companies over a period comparable to the expected term of the options.

(2) Risk-free interest rate

Risk-free interest rate was estimated based on the yield to maturity of China Sovereign Bonds with a maturity period close to the expected term of the options.

(3) Expected term

For the options granted to employees, the Company estimated the expected term based on the vesting and contractual terms and employee demographics.

For the options granted to non-employees, the Company estimated the expected term as the original contractual term.

(4) Dividend yield

The dividend yield was estimated by the Company based on its expected dividend policy over the expected term of the options.

(5) Exercise price

The exercise price of the options was determined by the Company’s board of directors.

(6) Fair value of underlying ordinary shares

Before initial public offering, the estimated fair value of the ordinary shares underlying the options as of the respective grant dates was determined based on a retrospective valuation. The management estimated the fair value of the ordinary shares on the grant dates with the assistance of independent valuation firms. After initial public offering, the closing market price of the Company’s ordinary shares on the grant date was used.

The aggregate intrinsic value was calculated as the difference between the exercise price of the underlying awards and the closing stock price of $1.18, $1.15, and $1.02 of the Company’s ordinary share on December 31, 2011, 2012 and 2013, respectively.

The total intrinsic value of options exercised during the years ended December 31, 2011, 2012 and 2013 were $74,233, $14,848, and $15,964 respectively.

The following table summarizes information with respect to share options outstanding as of December 31, 2013:

	Options outstanding						Options exercisable
		Weighted	Weighted		Weighted			Weighted		Weighted	Weighted
		average	average		average			average		average	average
	Number	remaining	exercise		intrinsic		Number of	exercise		contractual	intrinsic
Range of exercise prices	outstanding	contractual life	price		value		exercisable	price		remaining life	value

$0.08~$0.18	20,722,764	6.86	$	0.10	$	19,053	13,086,703	$	0.15	5.51	$	11,404

$0.2~$0.3	1,043,880	2.79	$	0.23	823		1,043,871	$	0.23	2.79	822

$0.35~$0.38	1,070,002	3.78	$	0.36	707		1,069,992	$	0.36	3.78	707

$1.1~$1.2	48,142,479	8.47	$	1.07	—		16,349,988	$	1.12	7.92	—

	70,979,125				$	20,583	31,550,554				$	12,933

			Weighted		Weighted
			average		average
			exercise		grant date
	Number of shares		price		fair value
Balance, January 1, 2013	70,502,943		$	0.71
Granted	27,912,500		$	0.57	1.11
Exercised	(18,583,733	)	$	0.22	0.14
Cancelled	(8,852,585	)	$	0.85	0.92

Balance, December 31, 2013	70,979,125		$	0.77	0.86

Exercisable, December 31, 2013	31,550,554		$	0.66

Expected to vest, December 31, 2013	39,428,571		$	0.85

For employee stock options, the Company recorded share-based compensation from continuing operations of $4,352, $8,966, and $13,788 and from discontinued operations of $254, $282 and $649 for the years ended December 31, 2011, 2012, and 2013, respectively, based on the fair value on the grant dates over the requisite service period of award using the straight-line method.

For non-employee options, the Company recorded share-based compensation from continuing operations of $662, $694, and $721 and from discontinued operations of $nil for the years ended December 31, 2011, 2012, and 2013, respectively, based on the fair value on the grant dates over the requisite service period of award using the straight-line method.

As of December 31, 2013, there was $39,023 unrecognized share-based compensation expense relating to share options. This amount is expected to be recognized over a weighted-average vesting period of 2.82 years.

Nonvested restricted shares

In May 2011, the Company granted 18,000 restricted Class A ordinary shares to David Chao under 2009 Equity Incentive Plan. The restricted shares will vest in three months from May 12, 2011.

In September 2011, the Company granted 60,000 restricted Class A ordinary shares to an employee under 2009 Equity Incentive Plan. 25% of the total restricted shares will vest on August 31, 2012 and thereafter the remaining 75% will vest at the ending of each calendar month subsequent to September 1, 2012.

In December 2011, the Company granted 3,750,000 restricted Class A ordinary shares to employees under 2009 Equity Incentive Plan. 25% of the restricted shares will vest on the first anniversary of the vesting commencement date as of October 26, 2012 and thereafter the remaining 75% will vest at the 26th day of each calendar month subsequent to October 26, 2012.

In March 2013, the Company granted 168,000 restricted Class A ordinary shares to employees under 2011 Equity Incentive Plan. 25% of the restricted shares will vest on the first anniversary of the vesting commencement date as of March 22, 2014, and the remaining 75% will vest at the 21st day of each calendar month subsequent to March 22, 2014.

A summary of the nonvested restricted shares activity is as follows:

			Weighted
	Weighted		average fair value
	number of		per ordinary
	nonvested restricted		share at the
	shares		grant dates

Outstanding as of December 31, 2012	2,566,776		1.11
Granted	168,000		0.98
Vested	(887,799	)	1.11
Forfeited	(82,827	)	1.10
Outstanding as of December 31, 2013	1,764,150		1.10

The Company recorded compensation expenses based on the fair value of nonvested restricted shares on the grant dates over the requisite service period of award using the straight line vesting attribution method. The fair value of the nonvested restricted shares on the grant date was the closing market price of the ordinary shares as of the date. For nonvested restricted share granted in 2013, the fair value at the date of grant was $0.983 per share. The Company recorded the compensation expense of $255, $955 and $980 related with nonvested restricted shares for the years ended December 31, 2011, 2012 and 2013, respectively.

There was total unrecognized compensation expense of $1,849 related to nonvested restricted shares granted as of December 31, 2013. The expense is expected to be recognized over a weighted-average period of 2.10 years according to the graded vesting schedule.

The amount of share-based compensation expense for options and nonvested restricted shares attributable to selling and marketing, research and development and general and administrative expenses and loss from the operations of the discontinued operations are as follows:

	Years ended December 31,
	2011		2012		2013
Gross amount:
Cost of revenues	$	—	$	—	$	184
Selling and marketing	414		524		328
Research and development	1,628		1,580		982
General and administrative	3,227		8,511		13,995
	5,269		10,615		15,489

Loss from the operations of the discontinued operations	254		282		649
Total share-based compensation expense	$	5,523	$	10,897	$	16,138

There was no income tax benefit recognized in the statements of operations for share-based compensation for the years ended December 31, 2011, 2012 and 2013.

EXCHANGE GAIN/LOSS FROM DUAL CURRENCY DEPOSITS / BANK OFFSHORE ACCOUNTS	12 Months Ended
	Dec. 31, 2013
EXCHANGE GAIN/LOSS FROM DUAL CURRENCY DEPOSITS / BANK OFFSHORE ACCOUNTS
EXCHANGE GAIN/LOSS FROM DUAL CURRENCY DEPOSITS / BANK OFFSHORE ACCOUNTS	20. EXCHANGE GAIN/LOSS FROM DUAL CURRENCY DEPOSITS / BANK OFFSHORE ACCOUNTS In 2010 and 2011, the Company entered into contracts with a bank with respect to dual currency deposits (“DCDs”), which were denominated in currencies other than the functional currency of the Company and were generally of 7 days to 21 days duration at a fixed interest rate. The Company made the investment in dual currency deposits for the purpose of enhancing the yields of the Company’s cash balances. At December 31, 2012 and 2013, there was no DCD contract outstanding, and due to the fluctuation of the foreign exchange rates, the Company recognized a gain of $2,013, $nil and $nil for the years ended December 31, 2011, 2012 and 2013, respectively. Exchange loss of $1,769 for the year ended December 31, 2012 and an exchange gain of $1,476 for the year ended December 31, 2013 were attributable to bank deposit, respectively.

RELATED PARTY BALANCES AND TRANSACTIONS

12 Months Ended

Dec. 31, 2013

RELATED PARTY BALANCES AND TRANSACTIONS

21. RELATED PARTY BALANCES AND TRANSACTIONS

Details of related party balances and transactions as of December 31, 2012 and 2013 are as follows:

(1) Amounts due from related parties

As of December 31, 2012 and 2013, amounts due from related parties are $258 and $62,411, respectively, and details are as follows:

	As of December 31,
	2012		2013
Gummy Inc., subsidiary of Oak Pacific Holdings (“OPH”) (i)	$	20	$	21
Beijing Qian Xiang Hu Lian Technology Development Co., Ltd., (“Hu Lian”) subsidiary of OPH (i)	126		245
Softbank Payment Service Corporation (“SBPS”), an affiliate of SB Pan Pacific Corporation (ii)	112		108
Nuomi Holdings Inc., equity investee of Renren, Inc.	—		175
Beijing Nuomi Wang Technology Development Co., Ltd., subsidiary of Nuomi Holdings Inc. (“Beijing Nuomi”) (iii)	—		61,663
Qingting, equity investee of Renren, Inc.	—		192
Beautiful Legend Co., Ltd, majority shareholder of OPH	—		7
Total	$	258	$	62,411

(i) OPH is an entity controlled by the CEO of the Company. The two subsidiaries of OPH, Gummy Inc. and Hu Lian have acted as collection agents of the Company during 2012 and 2013.

(ii) SBPS, an affiliate of SB Pan Pacific Corporation, provides third party collection service for Renren Game Japan Inc. during 2012 and 2013.

(iii) As described in note 4, the Company deconsolidated Nuomi from the Company’s consolidated financial statements on October 26, 2013. At the deconsolidation date, the amount due from Beijing Nuomi was $74,825 (see Note 4), which was partially settled in November and December 2013. As of December 31, 2013, the balance of amount due from Beijing Nuomi was $61,663, which was fully settled subsequently in February 2014.

(2) Amounts due to related parties:

	As of December 31,
	2012		2013
Qingting, equity investee of the Company	$	—	$	113
Mapbar, equity investee of the Company	77		65
Nuomi Holdings Inc., equity investee of the Company (i)	—		60,884
Total	$	77	$	61,062

(i) As described in note 4, the Company deconsolidated Nuomi Hodings Inc. on October 26, 2013. Pursuant to purchase agreement reached among the Company, Nuomi Holdings Inc. and Baidu Holdings Limited dated on August 23, 2013, immediately after the deconsolidation date, the Company issued promissory note to Nuomi Holdings Inc. in the principal amount of $60,884 that equaled the balance of the Company’s receivables from Beijing Nuomi as of July 31, 2013. Such promissory note would be repaid upon the settlement of the Company’s receivables in respect to Beijing Nuomi. After the balance sheet date, the promissory note of $60,884 was paid up in February 2014 along with the settlement of the other receivable.

(3) Transactions with related parties for amount due from related parties

	Years ended December 31,
	2011		2012		2013
Cash collected through SBPS, an affiliate of SB Pan Pacific Corporation	$	—	$	1,116	$	1,153
Advertising service provided to Sino way, equity method investment of OPH	689		—		—
Back office service provided to Hu Lian, subsidiary of OPH	341		270		128
Third party payment collection service provided to Beijing Wang Lu Technology Co., Ltd., subsidiary of OPH	47		—		—
Third party payment collection service provided to Gummy Inc., subsidiary of OPH	44		1		—
Professional fees paid for Nuomi by Renren Inc.	—		—		175
Total	$	1,121	$	1,387	$	1,456

(4) Transactions with related parties for amount due to related parties

	Years ended December 31,
	2011		2012		2013
Location-based service provided by Mapbar Technology Limited	$	76	$	304	$	299
Internet service provided by Beijing Qian Xiang Hu Lian Technology Development Co., Ltd., subsidiary of OPH	51		—		—
Internet service provided by Qingting, Equity investee of the Company	—		—		111
Total	$	127	$	304	$	410

(5) In July 2012, the Company purchased $10,000 Series 2012-A Senior Secured Refi Loan Notes issued by SoFi Lending Corp., a subsidiary of SoFi. OPH is a shareholder of SoFi and the Company’s chairman and chief executive officer, Joseph Chen, is a director of SoFi. In September 2012, the Company invested $49,000 in newly issued Series B preferred shares of SoFi, concurrently with a Company of other investors. These transactions were approved by the independent, disinterested members of the Company’s board and the audit committee of the board. See note 10 for detail.

(6) In December 2012, the Group advanced $1,589 and $16 to Ms. Jing Yang, the spouse of the CEO Mr. Joseph Chen, and Mr. James Jian Liu, the COO of the Company, for the set-up and funding in capital for a new VIE where these two individuals will act as the nominee shareholders. As of December 31, 2012, the application for the new VIE set-up remained in progress; the advances were disclosed as a reduction of equity. Subsequently in February 2013, the VIE was established and the advances were injected to the new VIE as capital contribution.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2013

SEGMENT INFORMATION

SEGMENT INFORMATION

22. SEGMENT INFORMATION

The Company’s Chief Operating Decision Maker (the “CODM”) continued to be identified as the Chief Executive Officer, who is responsible for decisions about allocating resources and assessing performance of the Company.

During 2013, the Company has incurred the following changes in its operations:

· completed the corporate restructuring of the online games business, which originally was under Renren IVAS, by having its own management team and operating entities to meet with its business needs, and discrete financials of Game was prepared and reviewed by the Company’s CODM in 2013 and going forward;

· as described in Note 4 and Note 5, Nuomi’s operation was treated as discontinued. As such, the segment information of Nuomi was excluded from the disclosure in this note.

The Company reevaluated its segments and concluded that it has two reportable segments as of December 31, 2013, namely Renren and Games. The segment information for year 2011 and 2012 was retrospectively revised to reflect such changes as follows:

	Years ended December 31, 2011									Years ended December 31, 2012									Year ended December 31, 2013
	Renren			Games			Total			Renren			Games			Total			Renren			Games			Total

Net revenues	$	69,608		$	41,902		$	111,510		$	70,180		$	89,455		$	159,635		$	71,218		$	85,473		$	156,691
Cost of revenues	(10,784		)	(14,810		)	(25,594		)	(39,960		)	(25,103		)	(65,063		)	(45,452		)	(23,244		)	(68,696		)
Operating expenses	(64,075		)	(26,977		)	(91,052		)	(119,943		)	(38,814		)	(158,757		)	(132,706		)	(68,949		)	(201,655		)

Operating income (loss)	(5,251		)	115			(5,136		)	(89,723		)	25,538			(64,185		)	(106,940		)	(6,720		)	(113,660		)
Net income (loss) from continuing operations	65,977			71			66,048			(73,257		)	25,715			(47,542		)	(33,043		)	(6,644		)	(39,687		)
Net income (loss) from discontinued operations	(720		)	—			(720		)	(216		)	—			(216		)	131,706			—			131,706
Net income (loss)	$	65,257		$	71		$	65,328		$	(73,473	)	$	25,715		$	(47,758	)	$	98,663		$	(6,644	)	$	92,019

Total Assets										$	1,104,989		$	72,953		$	1,177,942		$	1,344,327		$	41,359		$	1,385,686

Majority of the Company’s revenue for the years ended December 31, 2012 and 2013 was generated from the PRC. Game has recognized revenue of $2,004 and $2,368 from overseas game entities for the years ended December 31, 2012 and 2013.

As of December 31, 2012 and 2013, respectively, substantially all of long-lived assets of the Company are located in the PRC.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2013

EARNINGS PER SHARE

EARNINGS PER SHARE

23. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted net loss per ordinary share for the years ended:

	Years ended December 31,
	2011			2012			2013
Net income (loss):
Income (loss) from continuing operations	$	66,048		$	(47,542	)	$	(39,687	)
Income (loss) on discontinued operations, net of income taxes	(25,044		)	(27,511		)	103,328
Net income (loss)	41,004			(75,053		)	63,641
Add: net loss attributable to noncontrolling interest	252			27			92
Net income (loss) attributable to Renren Inc. shareholders	$	41,256		$	(75,026	)	$	63,733
Weighted average number of ordinary shares outstanding used in computing net income (loss) per ordinary share-basic	850,670,583			1,151,659,545			1,118,091,879
Incremental weighted average ordinary shares from assumed exercise of stock options using the treasury stock method	50,669,798			—			12,648,043
Weighted average number of ordinary shares outstanding used in computing net income (loss) per ordinary share-diluted	901,340,381			1,151,659,545			1,130,739,922
Net loss per ordinary share attributable to Renren Inc. shareholders - basic:
(Loss) income per ordinary share from continuing operations	$	0.08		$	(0.04	)	$	(0.03	)
Income (loss) per ordinary share from discontinued operations	$	(0.03	)	$	(0.02	)	$	0.09
Net income (loss) per ordinary share attributable to Renren Inc. shareholders - basic:	$	0.05		$	(0.07	)	$	0.06
Net loss per ordinary share attributable to Renren Inc. shareholders - diluted:
(Loss) income per ordinary share from continuing operations	$	0.07		$	(0.04	)	$	(0.03	)
Income (loss) per ordinary share from discontinued operations	$	(0.03	)	$	(0.02	)	$	0.09
Net income (loss) per ordinary share attributable to Renren Inc. shareholders - diluted:	$	0.05		$	(0.07	)	$	0.06

COMMITMENTS

12 Months Ended

Dec. 31, 2013

COMMITMENTS

COMMITMENTS

24. COMMITMENTS

(a) Operating lease as lessee

The Company leases its facilities and offices under non-cancelable operating lease agreements. In addition, the Company pays telecommunications carriers and other service providers for telecommunications services and for hosting its servers at their internet data centers under non-cancelable agreements, which are treated as operating leases. These leases expire through 2017 and are renewable upon negotiation. Rental expenses under operating leases for 2011, 2012 and 2013 from continuing operations were $16,493, $34,094, and $34,941 respectively and from discontinued operations were $881, $1,615 and $2,299, respectively.

Future minimum lease payments under such non-cancellable leases as of December 31, 2013 are as follows:

2014	$	25,763
2015	14,000
2016	791
2017	—
2018 and thereafter	—

Total	$	40,554

(b) Capital commitments

As of December 31, 2013, capital commitments for purchase of office property and equipments were $2,340 which will be due in 2014.

CONTINGENCY	12 Months Ended
CONTINGENCY	Dec. 31, 2013
CONTINGENCY
CONTINGENCY	25. CONTINGENCY As the social commerce business in China, which was operated by Nuomi remains at an early stage of development, currently there are no PRC laws or regulations specifically addressing the tax obligations associated to social commerce services. The Company believes it is appropriate and reports revenue on a net basis as set out in Note 2. However, if the relevant government authority were to determine that business tax or value added taxes should be paid on the gross amount of sales relating to the social commerce services, this would result in an increase in tax liability of approximately $6,957, $10,196 and $21,602 for the year ended December 31, 2011, 2012 and 2013, respectively. In addition, the PRC tax authorities may impose late payment fees and other penalties on the Company for any unpaid business taxes or value added taxes. However, the Company does not believe that the payment of such additional liabilities is probable

EMPLOYEE BENEFIT PLAN	12 Months Ended
EMPLOYEE BENEFIT PLAN	Dec. 31, 2013
EMPLOYEE BENEFIT PLAN
EMPLOYEE BENEFIT PLAN	26. EMPLOYEE BENEFIT PLAN Full time employees of the Company in the PRC participate in a government-mandated defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. The Company accrues for these benefits based on certain percentages of the employees’ salaries. The total provisions for such employee benefits from continuing operation were $9,263, $18,543 and $22,829 and from discontinued operations were $1,413, $3,181 and $4,704 for the years ended December 31, 2011, 2012 and 2013, respectively.

STATUTORY RESERVES	12 Months Ended
STATUTORY RESERVES	Dec. 31, 2013
STATUTORY RESERVES
STATUTORY RESERVES	27. STATUTORY RESERVES In accordance with the Regulations on Enterprises with Foreign Investment of China and their articles of association, the Company’s subsidiaries and VIEs located in the PRC (mainland), being foreign invested enterprises established in the PRC (mainland), are required to provide for certain statutory reserves, namely general reserve, enterprise expansion reserve, and staff welfare and bonus reserve, all of which are appropriated from net profit as reported in their PRC statutory accounts. The Company’s subsidiaries are required to allocate at least 10% of their after-tax profits to the general reserve until such reserve has reached 50% of their respective registered capital. Appropriations to the enterprise expansion reserve and the staff welfare and bonus reserve are to be made at the discretion of the board of directors of each of the Company’s subsidiaries. The appropriation to the enterprise expansion reserves by the Company’s PRC (mainland) subsidiaries were $912, $3,205 and $nil for the years ended December 31, 2011, 2012 and 2013.

RESTRICTED NET ASSETS	12 Months Ended
RESTRICTED NET ASSETS	Dec. 31, 2013
RESTRICTED NET ASSETS
RESTRICTED NET ASSETS	28. RESTRICTED NET ASSETS Relevant PRC laws and regulations restrict the WFOEs and VIE from transferring a portion of their net assets, equivalent to the balance of their statutory reserves and their share capital, to the Company in the form of loans, advances or cash dividends. The balance of restricted net assets were $154,353 and $264,399, of which $27,097 and $34,877 was attributed to the paid in capital and statutory reserves of the VIEs and $127,256 and $229,522 was attributed to the paid in capital and statutory reserves of the WFOEs, as of December 31, 2012 and 2013, respectively. The WFOEs’ accumulated profits may be distributed as dividends to the Company without the consent of a third party. The VIEs’ revenues and accumulated profits may be transferred to the Company through contractual arrangements without the consent of a third party. Under applicable PRC law, loans from PRC companies to their offshore affiliated entities require governmental approval, and advances by PRC companies to their offshore affiliated entities must be supported by bona fide business transactions. As of December 31, 2012 and December 31, 2013, the aggregate amounts of net assets of the relevant subsidiaries and VIEs in the Company free of restriction from distribution were $94,862 and $77,949.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2013

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

29. SUBSEQUENT EVENTS

In January 2014, the Company made an additional investment in JMOOP with a total cash consideration of $40,000.

On January 22, 2014, the Company entered into a definitive agreement with Nuomi Holdings Inc. (“Nuomi Inc”) and Baidu Holdings Limited (“Baidu”) to sell its remaining 31.61% in Nuomi Inc. to Baidu Holdings Limited with a cash consideration of $68,066. Besides, pursuant to resolution agreed among the Company, Nuomi Inc. and Baidu, immediately before the completion of this deal, Nuomi Inc. would pay to the Company $55,000 as a final dividend.

In March 2014, the Company entered into an agreement to purchase 6,020,695 Series D Preferred Shares issued by SoFi with a total consideration of $20,789, which was paid in full in the same month. Upon the completion of this investment on March 24, 2014, the Company held 25.96% equity interest in SoFi on a fully diluted basis.

On March 14, 2014, Renren Lianhe Holdings (“Lianhe”), a subsidiary of the Company, entered into the subscription and shareholders agreement with Loadstar Capital K.K. (“Loadstar”), to purchase up to 49.88% equity stake of the investee with a total consideration of Japanese Yen 969.2 million in 12 months from March 14, 2014. In March 2014 Lianhe had paid JPY210 million for 33.33% equity of Loadstar.

On April 14, 2014, Lianhe entered into a definitive agreement with Rise Companies Corp (“Rise Corp”) to purchase 7,856,395 Preferred Series A Shares issued by Rise Corp with a total consideration of $17,183, which was paid in full on the date of such agreement. Upon the completion of this investment, Lianhe held 35.01% equity interest in Rise Corp on a fully diluted basis.

Subsequent to the balance sheet date, the Company had taken the following actions in relation with its short-term investments:

	Period subsequent to the balance sheet date,
	Gross Purchase	Sales of investments
	Cost	Proceeds	Costs	Gains (losses)
Available-for-sale
Equity securities	100,104	315,523	161,792	153,731
Corporate bonds	—	57,795	57,712	83

Derivative financial instruments
Call options	61,670	55,554	61,670	(6,116	)
Interest rate swaptions	32,011	—	—	—

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

Basis of presentation

The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).

Principles of consolidation

Principles of consolidation

Use of estimates

Use of estimates

Cash and cash equivalents

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and term deposits which are highly liquid with a maturity of three months or less.

Term deposits

Term deposits

Fair value

Fair value

· Level 1-inputs are based upon unadjusted quoted prices for identical assets or liabilities traded in active markets.

Investments

Investments

(1) Short-term investments

(2) Long-term investments

Equity method investments

Cost method investments

Held-to-Maturityinvestment

Accounts and notes receivables and allowance for doubtful accounts

Accounts and notes receivables and allowance for doubtful accounts

Property and equipment, net

Property and equipment, net

Property and equipment, net is carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives:

Building		46 years
Furniture and vehicles		5 years
Computer equipment and application software		2-3 years
Leasehold improvements		Over the lesser of the lease term or useful life of the assets

Intangible assets, net

Intangible assets, net

Domain names, trademarks and online licenses		Indefinite lives
Operating platform and technology		3-8 years
Non-compete agreements		4 years
Game license		0.5-5 years
Login user		0.5-1 year
Technology, user generated content and relationship with broadcasters		6 years
Customer relationship		4 years
Registered user list		3 years
Video content copyright and web game cooperation agreement		2 years

Intangible assets with indefinite lives

Intangible assetswith indefinite lives

Impairment of long-lived assets and intangible assets with definite lives

Impairment of long-lived assets and intangible assets with definite lives

Goodwill

Goodwill

Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations.

Goodwill is not amortized, but tested for impairment upon first adoption and annually, or more frequently if event and circumstances indicate that they might be impaired.

Business combination

Business combination

Revenue recognition

Revenue recognition

The Company recognizes revenues when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured.

Online advertising revenues

For pay-for-time contracts, revenue is recognized ratably over the period the advertising is displayed.

For pay-for-volume contracts, revenue is recognized based on traffic volume tracked and the pre-agreed unit price.

Contractual billings in excess of recognized revenue and payments received in advance of revenue recognition are recorded as deferred revenues.

Online game revenues

Online talent show revenue (“Woxiu”)

Renren open platform program

Social commerce services

Business taxes

Business taxes

Value added taxes

Value added taxes

Income taxes

Income taxes

Current income taxes are provided for in accordance with the laws of the relevant tax authorities.

Financial instruments

Financial instruments

The derivative financial instruments and short-term investments are carried at fair value.

Research and development expenses

Research and development expenses

Foreign currency translation

Foreign currency translation

Comprehensive income (loss)

Comprehensive income (loss)

Noncontrolling interest

Noncontrolling interest

Share-based compensation

Share-based compensation

Share awards issued to non-employees are measured at fair value at the earlier of the commitment date or the date the service is completed and recognized over the period the service is provided.

Earnings per share

Earnings per share

Accounting pronouncements newly adopted

Accounting pronouncements newly adopted

Foreign currency risk

Foreign currency risk

Concentration of credit risk

Concentration of credit risk

There was no customer who accounted for 10% or more of total net revenue for the years ended December 31, 2011, 2012 and 2013.

Clients accounting for 10% or more of accounts receivables are as follows:

	As of December 31,
	2012		2013
	Amount	%	Amount	%

Client A	2,184	12.1	1,070	6.7
Client B	602	3.3	1,855	11.6

ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2013

ORGANIZATION AND PRINCIPAL ACTIVITIES

Schedule of percentage of legal ownership by Renren Inc

As of December 31, 2013, Renren Inc.’s subsidiaries, VIEs and VIEs’ subsidiaries are as follows:

	Later of date		Percentage of
	of incorporation	Place of	legal ownership
Name of Subsidiaries	or acquisition	incorporation	by Renren Inc.	Principal activities

Subsidiaries:
CIAC/ChinaInterActiveCorp (“CIAC”)	August 5, 2005	Cayman Islands	100%	Investment holding
Renren-Jingwei Inc.	March 7, 2011	Cayman Islands	100%	Inactive
Link224 Inc.	May 31, 2011	Cayman Islands	100%	Investment holding
Renren Lianhe Holdings	September 2, 2011	Cayman Islands	100%	Investment holding
Wole Inc.	October 27, 2011	Cayman Islands	100%	Investment holding
JiehunChina Inc. (“JiehunChina”)	June 14, 2011	Cayman Islands	85.43%	Investment holding
Renren Giant Way Limited (“Renren Giant Way”)	May 17, 2012	Hong Kong	100%	Investment holding
Funall Technology Inc.	January 5, 2011	Cayman Islands	100%	Investment holding
Xin Ditu Holdings	September 7, 2011	Cayman Islands	100%	Investment holding
Renren Study Inc.	April 5, 2012	Cayman Islands	100%	Investment holding
Jingwei Inc. Limited	July 16, 2012	Cayman Islands	100%	Inactive
Happy Link Corporation Limited ("Happy Link")	May 7, 2011	Hong Kong	85.43%	Investment holding
Renren Game HongKong Limited (“Game HK”)	March 8, 2012	Hong Kong	100%	Investment holding
Jupiter Way Limited (“Jupiter Way”)	July 16, 2012	Hong Kong	100%	Inactive
Renren Game Japan Inc.	August 22, 2011	Japan	100%	Online Games
Renren Game Korea Co., Ltd.	September 30, 2011	Korea	100%	Online Games
Funall Technology Development (Taiwan) Co., Ltd.	September 6. 2010	Taiwan	100%	Online Games
Renren Game USA Inc.	March 8, 2012	USA	100%	Online Games
Appsurdity Inc.	September 7, 2012	USA	100%	Internet business
Qianxiang Shiji Technology Development (Beijing) Co., Ltd. (“Qianxiang Shiji”)	March 21, 2005	PRC	100%	Investment holding
Beijing Wole Information Technology Co. Ltd. (“Beijing Wole”)	October 27, 2011	PRC	100%	Investment holding
Renren Game Network Technology Development (Shanghai) Co., Ltd. (“Renren Network”)	November 30, 2012	PRC	100%	Investment holding
Beijing Jiexi Shiji Technology Development Co., Ltd. (“Jiexi Shiji”)	April 26, 2012	PRC	85.43%	Investment holding
Renren Huijin (Tianjin) Technology Co., Ltd. (“Huijin”)	October 10, 2012	PRC	100%	Investment holding
Joy Interactive (Beijing) Technology Development Co., Ltd.	April 24, 2013	PRC	100%	Investment holding

Variable Interest Entities:
Beijing Qianxiang Tiancheng Technology Development Co., Ltd. (“Qianxiang Tiancheng”)	October 28, 2002	PRC	N/A	IVAS business
Guangzhou Qianjun Internet Technology Co., Ltd. (“Qianjun Technology”)	October 7, 2010	PRC	N/A	Internet information service
Shanghai Renren Games Technology Development Co., Ltd. (“Renren Games”)	November 15, 2012	PRC	N/A	Online Games
Jiexi Haohe (Beijing) Technology Development Co.,Ltd. (“Jiexi Haohe”)	February 5, 2013	PRC	N/A	IVAS business

Subsidiaries of Variable Interest Entities:
Beijing Qianxiang Wangjing Technology Development Co., Ltd. (“Qianxiang Wangjing”)	November 11, 2008	PRC	N/A	Internet business
Shanghai Qianxiang Changda Internet Information Technology Development Co., Ltd. (“Shanghai Changda”)	October 25, 2010	PRC	N/A	Internet business
Beijing Wole Shijie Information Technology Co., Ltd. (“Wole Shijie”)	October 27, 2011	PRC	N/A	Technology development and service
Suzhou Sijifeng Internet Information Technology Development Co., Ltd.	March 22, 2012	PRC	N/A	Online Games
Beijing Qilin Wings Technology Development Co., Ltd.	January 16, 2013	PRC	N/A	Internet business
Tianjin Joy Interactive Technology Development Co., Ltd.	March 29, 2013	PRC	N/A	Online Games

VIEs and their subsidiaries

Consolidated financial information

Schedule of consolidated financial information

	As of December 31,
	2012		2013
Total current assets	$	24,523	$	125,854
Total non-current assets	$	83,079	$	36,481
Total assets	$	107,602	$	162,335

Total current liabilities	$	84,865	$	48,712
Total non-current liabilities	$	30	$	156
Total liabilities	$	84,895	$	48,868

	Years ended December 31,
	2011			2012			2013

Net revenue	$	110,897		$	158,291		$	152,338
(Loss) income from continuing operations	$	8,845		$	(38,492	)	$	(59,122	)
Loss from discontinued operations	$	(23,161	)	$	(26,448	)	$	(29,367	)

	Years ended December 31,
	2011			2012			2013

Net cash provided by (used in) operating activities	$	(3,804	)	$	21,101		$	11,820
Net cash used in investing activities	$	(18,572	)	$	(21,411	)	$	(7,457	)
Net cash provided by (used in) financing activities	$	(753	)	$	1,050		$	8,133

Group without its VIEs and VIEs' subsidiaries

Consolidated financial information

Schedule of consolidated financial information

	As of December 31,
	2012		2013

Total current assets	$	1,026,221	$	996,733
Total non-current assets	$	67,990	$	226,618
Total assets	$	1,094,211	$	1,223,351

Total current liabilities	$	5,255	$	66,550
Total non-current liabilities	$	6,533	$	—
Total liabilities	$	11,788	$	66,550

	Years ended December 31,
	2011			2012			2013

Net revenue	$	613		$	1,344		$	4,353
Income (loss) from continuing operations	$	57,203		$	(9,050	)	$	19,435
Income (loss) from discontinued operations	$	(1,883	)	$	(1,063	)	$	132,695

	Years ended December 31,
	2011			2012			2013

Net cash (used in) provided by operating activities	$	604		$	(32,188	)	$	(84,855	)
Net cash (used in) provided by investing activities	$	(782,327	)	$	8,669		$	27,522
Net cash (used in) provided by financing activities	$	951,545		$	(54,942	)	$	(9,166	)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful lives of property and equipment

Building		46 years
Furniture and vehicles		5 years
Computer equipment and application software		2-3 years
Leasehold improvements		Over the lesser of the lease term or useful life of the assets

Schedule of estimated useful lives of definite-lived intangible assets

Domain names, trademarks and online licenses		Indefinite lives
Operating platform and technology		3-8 years
Non-compete agreements		4 years
Game license		0.5-5 years
Login user		0.5-1 year
Technology, user generated content and relationship with broadcasters		6 years
Customer relationship		4 years
Registered user list		3 years
Video content copyright and web game cooperation agreement		2 years

SIGNIFICANT RISKS AND UNCERTAINTIES (Tables)

12 Months Ended

Dec. 31, 2013

SIGNIFICANT RISKS AND UNCERTAINTIES

Schedule of accounts receivable that represent 10% or more

	As of December 31,
	2012		2013
	Amount	%	Amount	%

Client A	2,184	12.1	1,070	6.7
Client B	602	3.3	1,855	11.6

DECONSOLIDATION OF SUBSIDIARIES (Tables)

12 Months Ended

Dec. 31, 2013

Nuomi Inc

DECONSOLIDATION OF SUBSIDIARIES

Schedule of calculation of gain (loss) on consolidation

	As of
	October 26, 2013

Fair value of 31.61% shares in Nuomi Inc.	$	63,626
Less: Cash and cash equivalents	18,310
Prepaid expenses and other current assets	26,417
Property and equipment, net	1,318
Other non-current assets	190
Accounts payable	(28,467		)
Accrued expenses and other payables	(10,957		)
Amounts due to Renren Inc.	(74,825		)
Deferred revenue	(1,181		)
Gain on deconsolidation of Nuomi Inc.	$	132,821

Qingting

DECONSOLIDATION OF SUBSIDIARIES

Schedule of calculation of gain (loss) on consolidation

	As of
	October 31, 2013

Cash consideration received	$	81
Fair value of 40% investment in Qingting	160
Less: Cash and cash equivalents	328
Prepaid expenses and other current assets	5
Property and equipment, net	64
Loss on deconsolidation of Qingting	$	(156	)

DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2013

DISCONTINUED OPERATIONS

Summary of operating results from discontinued operations included in the Company's consolidated statement of operations

	Year ended December 31
	2011				2012				2013
	Nuomi Inc.		Qingting		Nuomi Inc.		Qingting		Nuomi Inc.	Qingting
	US$		US$		US$		US$		US$	US$

Net revenue from discontinued operations	6,457		—		16,451		—		19,319	—
Loss from the operations of the discontinued operations, Before income taxes	24,296		720		27,295		216		28,378	959
Income tax expense	28		—		—		—		—	—
Loss from the operations of the discontinued operations, net of income taxes	24,324		720		27,295		216		28,378	959

Gain (loss) on deconsolidation of the subsidiaries	—		—		—		—		132,821	(156	)

Gain (loss) from the discontinued operations, net of income taxes	(24,324	)	(720	)	(27,295	)	(216	)	104,443	(1,115	)

ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2013

ACQUISITIONS

Schedule of allocation of total purchase price to the assets acquired and liabilities assumed

				Amortization
				periods

Goodwill	$	54,161
Net working capital acquired	4,197
Net fixed assets	671
Intangible assets
Domain name, trademarks and online licenses	23,817			Indefinite
Technology	854			6 years
Registered user list	443			3 years
Non-compete agreement	187			4 years
User generated content	1,313			6 years
Video content copyright	348			2 years
Customer relationship	316			4 years
Webgame cooperation agreement	237			2 years
Relationship with broadcasters	443			6 years
Other long-term deferred expense	3
Deferred tax liability	(6,990		)

Total	$	80,000

ACCOUNTS AND NOTES RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2013

ACCOUNTS AND NOTES RECEIVABLE

Schedule of accounts and notes receivable

	As of December 31,
	2012			2013

Accounts receivable	$	18,629		$	17,101
Notes receivable	329			—

Accounts and notes receivable, gross	18,958			17,101
Allowance of doubtful accounts	(556		)	(1,143		)

Accounts and notes receivable, net	$	18,402		$	15,958

Schedule of movement of allowance for doubtful accounts

	As of December 31,
	2011			2012			2013

Balance at beginning of year	$	233		$	224		$	556
Charge to expenses	831			1,357			1,661
Transferring out as a result of deconsolidation of subsidiaries	—			—			(2		)
Reversal	(429		)	(1,032		)	(849		)
Write off of accounts receivables	(428		)	—			(249		)
Exchange difference	17			7			26

Balance at end of year	$	224		$	556		$	1,143

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2013

PREPAID EXPENSES AND OTHER CURRENT ASSETS

Schedule of prepaid expenses and other current assets

	As of December 31,
	2012		2013

Deposits of share repurchase (1)	$	—	$	10,860
Advances to suppliers (2)	10,160		4,054
Receivables related to online gaming (3)	8,628		5,931
Interest income receivable (4)	2,708		2,869
Prepaid expenses	3,216		4,404
Other current assets	2,923		4,022
Rental deposits	1,956		1,940

Total	$	29,591	$	34,080

SHORT-TERM INVESTMENTS AND EQUITY METHOD INVESTMENT HELD FOR SALE (Tables)

12 Months Ended

Dec. 31, 2013

SHORT-TERM INVESTMENTS

Schedule of short-term investments

	As of December 31, 2012						As of December 31, 2013
			Gross						Gross		Other-than
			unrealized		Carrying				unrealized		-temporary			Carrying
	Cost		gains		amount		Cost		gain		impairment			amount

Available-for-sale:
Equity securities (i)	$	54,557	$	28,888	$	83,445	$	77,506	$	160,288	—			$	237,794
Corporate bonds (ii)	62,276		1,324		63,600		64,818		187		(2,098		)	62,907

Total	$	116,833	$	30,212	$	147,045	$	142,324	$	160,475	$	(2,098	)	$	300,701

	Year ended December 31, 2013					As of December 31, 2013
			Fair value				Carrying
	Cost		change				amount
Derivative financial instrument:
Interest rate swaption (iv)	$	1,999	$	(705	)		$	1,294

Total	$	1,999	$	(705	)		$	1,294

Schedule of additional information on the realized gains and losses

	Year ended December 31, 2011						Year ended December 31, 2012							Year ended December 31, 2013
	Proceeds		Costs		Gains		Proceeds		Costs		Gains (losses)			Proceeds		Costs		Gains (losses)

Equity securities (i)	$	72,390	$	21,506	$	50,884	$	6,097	$	6,229	$	(132	)	$	81,456	$	25,950	$	55,506
Corporate bonds (ii)	14,101		14,074		27		73,742		71,887		1,855			37,502		37,240		262
Call options (iii)	—		—		—		1,297		—		1,297			959		—		959
Interest rate swaptoin (iv)	—		—		—		—		—		—			—		—		(705		)

Total	$	86,491	$	35,580	$	50,911	$	81,136	$	78,116	$	3,020		$	119,917	$	63,190	$	56,022

(i) Equity securities

(ii) Corporate bonds

In 2012, the Company purchased additional corporate bonds from a bank at cost of $79,891 and classified such investment as available-for-sale securities.

(iii) Call options

(iv) Interest rate swaption

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

LONG-TERM INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2013

LONG-TERM INVESTMENTS

Schedule of long-term investments

	As of December 31,
	2012		2013

Equity method investments:
Mapbar Technology Limited (“Mapbar”) (1)	$	23,782	$	2,414
Japan Macro Opportunities Offshore Partners, LP (“JMOOP”) (2)	17,987		48,119
Social Finance, Inc. (“SoFi”) (3)	47,776		44,673
Gaoxue Network Technology (Shanghai) Co., Ltd (“Gaoxue”) (4)	6,058		1,754
Beijing Qingting Changyou Technology Development Co., Ltd (“Qingting”) (5)	—		55

Total equity method investments	95,603		97,015

Cost method investments:
Hylink Advertising Co., Ltd. (“Hylink”)	2,408		2,478
Beijing Anqi Zhilian Technology Co., Ltd (“Anqi”)	—		116

Total cost method investments	2,408		2,594

Held-to-maturity investments:
Series 2012-A Senior Secured Refi Loan Notes	9,586		8,233

Total held-to-maturity	9,586		8,233

Total long-term investments	$	107,597	$	107,842

Equity method investments

Summary of financial information of the equity method investments

	As of December 31,
	2012		2013

Total current assets	$	106,835	$	196,016
Total assets	$	188,518	$	672,923
Total current liabilities	$	2,976	$	64,740
Total liabilities	$	16,918	$	355,053

	For the years ended December 31,
	2011		2012		2013

Net revenues	$	5,310	$	5,219	$	146,513
Gross profits	$	3,701	$	3,355	$	138,623
Net (income) loss	$	39,581	$	59,417	$	(83,860	)

PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2013

PROPERTY AND EQUIPMENT, NET

Schedule of Property and equipment, net

	As of December 31,
	2012			2013

Building	$	—		$	34,395
Computer equipment and application software	61,149			61,857
Furniture and vehicles	1,159			1,267
Leasehold improvements	4,805			5,425
	67,113			102,944
Less: Accumulated depreciation	(34,758		)	(44,294		)
Less: Accumulated impairment loss	—			(90		)
	$	32,355		$	58,560

ACQUIRED INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2013

ACQUIRED INTANGIBLE ASSETS, NET

Schedule of gross carrying amount, accumulated amortization and net carrying amount of the intangible assets

	As of December 31,
	2012			2013
Intangible assets:
Domain name, trademarks and online licenses	$	24,174		$	25,001
Operating platforms and technology	1,228			1,264
Game license, webgame cooperation agreement and content copyright	3,706			5,278
User generated content	1,368			1,395
Customer and broadcasters relationship	770			793
Login users and registered user list	618			635
Non-compete agreement	189			195
	$	32,053		$	34,561
Less: Accumulated amortization
Operating platforms and technology	$	(542	)	$	(936	)
Game license, webgame cooperation agreement and content copyright	(3,048		)	(3,773		)
User generated content	(603		)	(931		)
Customer and broadcasters relationship	(383		)	(582		)
Login users and registered user list	(550		)	(575		)
Non-compete agreement	(107		)	(159		)
	$	(5,233	)	$	(6,956	)
Less: Accumulated impairment
Game license, webgame cooperation agreement and content copyright	—			(208		)
	$	—		$	(208	)
Intangible asset, net	$	26,820		$	27,397

OTHER NON-CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2013

OTHER NON-CURRENT ASSETS

Schedule of other non-current assets

	As of December 31,
	2012		2013

Prepayment for purchase of office buildings	$	16,148	$	—
Employee housing loan	4,903		3,797
Rental deposit	1,169		1,896
Restricted cash, non-current	313		322
Long-term deferred expense	101		49
Suppliers deposit	—		720
Total	$	22,634	$	6,784

GOODWILL (Tables)

12 Months Ended

Dec. 31, 2013

GOODWILL

Schedule of changes in carrying amounts of goodwill

	Year ended December 31,
	2012			2013

Gross amount:
Beginning balance	$	59,623		$	60,298
Exchange difference	675			1,734
Ending balance	60,298			62,032

Accumulated impairment loss:
Beginning balance	(625		)	(625		)
Ending balance	(625		)	(625		)
Goodwill, net	$	59,673		$	61,407

ACCRUED EXPENSES AND OTHER PAYABLES (Tables)

12 Months Ended

Dec. 31, 2013

ACCRUED EXPENSES AND OTHER PAYABLES

Schedule of accrued expenses and other payables

	As of December 31,
	2012		2013

Employee payroll and welfare payables	$	13,608	$	9,168
Other tax payable	7,663		7,510
Accrued professional, marketing and leasing fees	8,321		8,897
Other payables	9,430		6,397
Liability for advance payment of unvested options (1)	1,465		166
Accrued advertising sales rebate	1,121		505
Accrued restructuring liabilities (2)	—		671
Total	$	41,608	$	33,314

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

INCOME TAXES

Schedule of current and deferred component of income tax expenses (benefits)

	Years ended December 31,
	2011			2012		2013

Current income tax expense	$	1,495		$	7	$	1,019
Deferred income tax (benefit) expense	(855		)	913		(8,472		)
Total Income tax (benefits) expenses	$	640		$	920	$	(7,453	)

Schedule of principal components of the deferred tax assets and liabilities

	As of December 31,
	2012			2013

Current deferred tax assets
Provision for doubtful accounts	$	836		$	484
Accrued payroll and welfare	1,980			1,763
Accrued liabilities-current	—			1,894
Excessive advertising fees	1			—
Intangible assets amortization	25			52
Less valuation allowance	(2,842		)	(3,565		)
Current deferred tax assets, net	$	—		$	628

Non-current deferred tax assets
Accrued Liabilities-non-current	$	88		$	56
Excessive advertising fee-non-current	2,296			791
Net operating loss carry forwards	24,309			42,606
Less valuation allowance	(26,693		)	(35,855		)
Non-current deferred tax assets, net	$	—		$	7,598

Non-current deferred tax liabilities Intangible assets	$	(6,564	)	$	(6,489	)
Non-current deferred tax liabilities, net	$	(6,564	)	$	(6,489	)

Schedule of reconciliation between the income taxes expense (benefit) computed by applying the PRC tax rate to income (loss) before income taxes and the actual provision for income taxes

	Years ended December 31,
	2011			2012			2013

Income (loss) before provision of income tax	$	65,368		$	(39,151	)	$	(67,457	)
PRC statutory income tax rate	25		%	25		%	25		%
Income tax at statutory tax rate	16,342			(9,788		)	(16,864		)
Taxable deemed interest income from inter-company interest-free loans	177			1,896			4,470
Non-deductible loss and other expenses not deductible for tax purposes	(5,304		)	8,599			3,383
Effect of income tax exemption of the Company in the Cayman Islands	(17,750		)	(5,060		)	(3,926		)
Effect of tax holidays	(4,172		)	(9,846		)	(3,491		)
Changes in valuation allowance	11,347			15,119			8,975

Income tax (benefits) expenses	$	640		$	920		$	(7,453	)

Schedule of income taxes provision and net income (loss) per share, if the tax exemption granted to the Group's subsidiaries, VIEs and VIEs' subsidiaries, since 2009 had not been available

	Years ended December 31,
	2011		2012			2013

Provision for income taxes expenses	$	4,812	$	10,766		$	(3,962	)
Net income (loss) per ordinary share from continuing operations attributable to Renren Inc. shareholders
— basic	$	0.05	$	(0.07	)	$	0.05
— diluted	$	0.04	$	(0.07	)	$	0.05

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2013

FAIR VALUE MEASUREMENTS

Summary of the Company's financial assets measured and recorded at fair value on recurring basis

	As of December 31, 2012
	Quoted price in		Significant
	active markets		other		Significant
	for identical		observable		unobservable
	investments		inputs		in puts
	Level 1		Level 2		Level 3		Total

Short term investments:
Equity securities	$	83,445	$	—	$	—	$	83,445
Corporate bonds	63,600		—		—		63,600
Total	$	147,045	$	—	$	—	$	147,045

	As of December 31, 2013
	Quoted price in		Significant
	active markets		other		Significant
	for identical		observable		unobservable
	investments		inputs		in puts
	Level 1		Level 2		Level 3		Total
Short term investments:
Equity securities	$	237,794	$	—	$	—	$	237,794
Corporate bonds	62,907		—		—		62,907
Interest rate swaption	—		1,294		—		1,294
Total	$	300,701	$	1,294	$	—	$	301,995

Schedule of significant unobservable inputs used in valuation

	Range
Estimated net revenues	13,022~52,944
Estimated terminal growth rate	3	%
Discount rate	25	%
Timing of cash flows	7 years

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2013

Fair value of the options granted, estimated on the date of grant using option-pricing models with assistance from Duff & Phelps, an independent valuation firm, with assumptions used

Summary of information with respect to share options outstanding

The following table summarizes information with respect to share options outstanding as of December 31, 2013:

	Options outstanding						Options exercisable
		Weighted	Weighted		Weighted			Weighted		Weighted	Weighted
		average	average		average			average		average	average
	Number	remaining	exercise		intrinsic		Number of	exercise		contractual	intrinsic
Range of exercise prices	outstanding	contractual life	price		value		exercisable	price		remaining life	value

$0.08~$0.18	20,722,764	6.86	$	0.10	$	19,053	13,086,703	$	0.15	5.51	$	11,404

$0.2~$0.3	1,043,880	2.79	$	0.23	823		1,043,871	$	0.23	2.79	822

$0.35~$0.38	1,070,002	3.78	$	0.36	707		1,069,992	$	0.36	3.78	707

$1.1~$1.2	48,142,479	8.47	$	1.07	—		16,349,988	$	1.12	7.92	—

	70,979,125				$	20,583	31,550,554				$	12,933

Summary of the activity of the stock options granted

			Weighted		Weighted
			average		average
			exercise		grant date
	Number of shares		price		fair value
Balance, January 1, 2013	70,502,943		$	0.71
Granted	27,912,500		$	0.57	1.11
Exercised	(18,583,733	)	$	0.22	0.14
Cancelled	(8,852,585	)	$	0.85	0.92

Balance, December 31, 2013	70,979,125		$	0.77	0.86

Exercisable, December 31, 2013	31,550,554		$	0.66

Expected to vest, December 31, 2013	39,428,571		$	0.85

Summary of the nonvested restricted shares activity

			Weighted
	Weighted		average fair value
	number of		per ordinary
	nonvested restricted		share at the
	shares		grant dates

Outstanding as of December 31, 2012	2,566,776		1.11
Granted	168,000		0.98
Vested	(887,799	)	1.11
Forfeited	(82,827	)	1.10
Outstanding as of December 31, 2013	1,764,150		1.10

Share-based compensation attributable to selling and marketing, research and development and general and administrative expenses and loss from the operations of the discontinued operations

	Years ended December 31,
	2011		2012		2013
Gross amount:
Cost of revenues	$	—	$	—	$	184
Selling and marketing	414		524		328
Research and development	1,628		1,580		982
General and administrative	3,227		8,511		13,995
	5,269		10,615		15,489

Loss from the operations of the discontinued operations	254		282		649
Total share-based compensation expense	$	5,523	$	10,897	$	16,138

Black-Scholes option-pricing model

Fair value of the options granted, estimated on the date of grant using option-pricing models with assistance from Duff & Phelps, an independent valuation firm, with assumptions used

Schedule of fair value of the options granted, estimated on the date of grant using the option-pricing models with assistance from Marsh, an independent valuation firm, with assumptions used

	Year ended December 31,
	2011	2012

Risk-free interest rate	1.62~3.25%	1.28~1.93%
Expected life (years)	5.92~6.09	5.96~6.08
Volatility rate	54%~55%	53%~64%
Dividend yield	—	—

Binomial option pricing model

Fair value of the options granted, estimated on the date of grant using option-pricing models with assistance from Duff & Phelps, an independent valuation firm, with assumptions used

Schedule of fair value of the options granted, estimated on the date of grant using the option-pricing models with assistance from Marsh, an independent valuation firm, with assumptions used

		Year ended December 31,
		2013

Risk-free interest rate		2.0~2.9%
Expected exercise multiple		2.2~2.8
Volatility rate		55%~57%
Dividend yield		—

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of receivables from related party, current

	As of December 31,
	2012		2013
Gummy Inc., subsidiary of Oak Pacific Holdings (“OPH”) (i)	$	20	$	21
Beijing Qian Xiang Hu Lian Technology Development Co., Ltd., (“Hu Lian”) subsidiary of OPH (i)	126		245
Softbank Payment Service Corporation (“SBPS”), an affiliate of SB Pan Pacific Corporation (ii)	112		108
Nuomi Holdings Inc., equity investee of Renren, Inc.	—		175
Beijing Nuomi Wang Technology Development Co., Ltd., subsidiary of Nuomi Holdings Inc. (“Beijing Nuomi”) (iii)	—		61,663
Qingting, equity investee of Renren, Inc.	—		192
Beautiful Legend Co., Ltd, majority shareholder of OPH	—		7
Total	$	258	$	62,411

(i) OPH is an entity controlled by the CEO of the Company. The two subsidiaries of OPH, Gummy Inc. and Hu Lian have acted as collection agents of the Company during 2012 and 2013.

(ii) SBPS, an affiliate of SB Pan Pacific Corporation, provides third party collection service for Renren Game Japan Inc. during 2012 and 2013.

Schedule of amount due to related parties

	As of December 31,
	2012		2013
Qingting, equity investee of the Company	$	—	$	113
Mapbar, equity investee of the Company	77		65
Nuomi Holdings Inc., equity investee of the Company (i)	—		60,884
Total	$	77	$	61,062

Schedule of receivables from related party, current and noncurrent

	Years ended December 31,
	2011		2012		2013
Cash collected through SBPS, an affiliate of SB Pan Pacific Corporation	$	—	$	1,116	$	1,153
Advertising service provided to Sino way, equity method investment of OPH	689		—		—
Back office service provided to Hu Lian, subsidiary of OPH	341		270		128
Third party payment collection service provided to Beijing Wang Lu Technology Co., Ltd., subsidiary of OPH	47		—		—
Third party payment collection service provided to Gummy Inc., subsidiary of OPH	44		1		—
Professional fees paid for Nuomi by Renren Inc.	—		—		175
Total	$	1,121	$	1,387	$	1,456

Schedule of receivables to related party, current and noncurrent

	Years ended December 31,
	2011		2012		2013
Location-based service provided by Mapbar Technology Limited	$	76	$	304	$	299
Internet service provided by Beijing Qian Xiang Hu Lian Technology Development Co., Ltd., subsidiary of OPH	51		—		—
Internet service provided by Qingting, Equity investee of the Company	—		—		111
Total	$	127	$	304	$	410

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2013

SEGMENT INFORMATION

Schedule of components of net revenues

	Years ended December 31, 2011									Years ended December 31, 2012									Year ended December 31, 2013
	Renren			Games			Total			Renren			Games			Total			Renren			Games			Total

Net revenues	$	69,608		$	41,902		$	111,510		$	70,180		$	89,455		$	159,635		$	71,218		$	85,473		$	156,691
Cost of revenues	(10,784		)	(14,810		)	(25,594		)	(39,960		)	(25,103		)	(65,063		)	(45,452		)	(23,244		)	(68,696		)
Operating expenses	(64,075		)	(26,977		)	(91,052		)	(119,943		)	(38,814		)	(158,757		)	(132,706		)	(68,949		)	(201,655		)

Operating income (loss)	(5,251		)	115			(5,136		)	(89,723		)	25,538			(64,185		)	(106,940		)	(6,720		)	(113,660		)
Net income (loss) from continuing operations	65,977			71			66,048			(73,257		)	25,715			(47,542		)	(33,043		)	(6,644		)	(39,687		)
Net income (loss) from discontinued operations	(720		)	—			(720		)	(216		)	—			(216		)	131,706			—			131,706
Net income (loss)	$	65,257		$	71		$	65,328		$	(73,473	)	$	25,715		$	(47,758	)	$	98,663		$	(6,644	)	$	92,019

Total Assets										$	1,104,989		$	72,953		$	1,177,942		$	1,344,327		$	41,359		$	1,385,686

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2013

EARNINGS PER SHARE

Schedule of computation of basic and diluted net loss per ordinary share

	Years ended December 31,
	2011			2012			2013
Net income (loss):
Income (loss) from continuing operations	$	66,048		$	(47,542	)	$	(39,687	)
Income (loss) on discontinued operations, net of income taxes	(25,044		)	(27,511		)	103,328
Net income (loss)	41,004			(75,053		)	63,641
Add: net loss attributable to noncontrolling interest	252			27			92
Net income (loss) attributable to Renren Inc. shareholders	$	41,256		$	(75,026	)	$	63,733
Weighted average number of ordinary shares outstanding used in computing net income (loss) per ordinary share-basic	850,670,583			1,151,659,545			1,118,091,879
Incremental weighted average ordinary shares from assumed exercise of stock options using the treasury stock method	50,669,798			—			12,648,043
Weighted average number of ordinary shares outstanding used in computing net income (loss) per ordinary share-diluted	901,340,381			1,151,659,545			1,130,739,922
Net loss per ordinary share attributable to Renren Inc. shareholders - basic:
(Loss) income per ordinary share from continuing operations	$	0.08		$	(0.04	)	$	(0.03	)
Income (loss) per ordinary share from discontinued operations	$	(0.03	)	$	(0.02	)	$	0.09
Net income (loss) per ordinary share attributable to Renren Inc. shareholders - basic:	$	0.05		$	(0.07	)	$	0.06
Net loss per ordinary share attributable to Renren Inc. shareholders - diluted:
(Loss) income per ordinary share from continuing operations	$	0.07		$	(0.04	)	$	(0.03	)
Income (loss) per ordinary share from discontinued operations	$	(0.03	)	$	(0.02	)	$	0.09
Net income (loss) per ordinary share attributable to Renren Inc. shareholders - diluted:	$	0.05		$	(0.07	)	$	0.06

COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2013

COMMITMENTS

Schedule of future minimum lease payments under non-cancellable operating leases

2014	$	25,763
2015	14,000
2016	791
2017	—
2018 and thereafter	—

Total	$	40,554

SUBSEQUENT EVENTS (Tables)

12 Months Ended

Dec. 31, 2013

SUBSEQUENT EVENTS

Schedule of actions in relation with short-term investments

	Period subsequent to the balance sheet date,
	Gross Purchase	Sales of investments
	Cost	Proceeds	Costs	Gains (losses)
Available-for-sale
Equity securities	100,104	315,523	161,792	153,731
Corporate bonds	—	57,795	57,712	83

Derivative financial instruments
Call options	61,670	55,554	61,670	(6,116	)
Interest rate swaptions	32,011	—	—	—

ORGANIZATION AND PRINCIPAL ACTIVITIES (Details)	Dec. 31, 2013
CIAC
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Renren-Jingwei Inc
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Link224 Inc
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Renren Lianhe Holdings
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Wole Inc
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
JiehunChina Inc
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	85.43%
Renren Giant Way
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Funall Technology Inc.
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Xin Ditu Holdings
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Renren Study Inc.
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Jingwei Inc. Limited
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Happy Link Corporation Limited
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	85.43%
Game HK
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Jupiter Way
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Renren Game Japan Inc
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Renren Game Korea Co., Ltd
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Funall Technology Development (Taiwan) Co.,Ltd
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Renren Game USA Inc
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Appsurdity Inc
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Qianxiang Shiji
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Beijing Wole
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Renren Network
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Jiexi Shiji
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	85.43%
Huijin
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%
Joy Interactive (Beijing) Technology Development Co., Ltd.
Renren Inc.'s subsidiaries, VIEs and VIEs' subsidiaries
Percentage of legal ownership by Renren Inc	100.00%

ORGANIZATION AND PRINCIPAL ACTIVITIES (Details 2) - VIEs	12 Months Ended
	Dec. 31, 2013 item
VIE arrangements
Number of VIEs through which the Company conducts substantially all business	4
Power of Attorney
VIE arrangements
Term of agreement	10 years
Business Operations Agreement
VIE arrangements
Term of agreement	10 years
Automatic extended or renewal term of agreement	10 years
Advance written notice period for not extending term of agreement	30 days
Period prior to expiration date during which agreement term should not be extended	3 months
Exclusive Equity Option Agreement
VIE arrangements
Advance written notice period for not extending term of agreement	30 days
Period during which purchase right can be exercised	10 years
Exclusive Technical and Consulting Services Agreement
VIE arrangements
Term of agreement	10 years
Automatic extended or renewal term of agreement	10 years
Advance written notice period for not extending term of agreement	30 days
Intellectual Property License Agreement
VIE arrangements
Automatic extended or renewal term of agreement	5 years
Advance written notice period for not extending term of agreement	30 days
Period for counter party to cure breach of agreement term	30 days
Interval of time during which the agreement will be reviewed	3 months
Loan Agreements
VIE arrangements
Term of agreement	10 years
Automatic extended or renewal term of agreement	10 years
Advance written notice period for not extending term of agreement	3 months

ORGANIZATION AND PRINCIPAL ACTIVITIES (Details 3) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) item	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)
Consolidated financial information
Total current assets	$ 1,122,587	$ 952,734
TOTAL ASSETS	1,385,686	1,201,813	$ 1,278,008
Total current liabilities	115,262	90,119
TOTAL LIABILITIES	115,418	96,683
Net revenue	156,691	159,635	111,510
Income (loss) from continuing operations	(39,687)	(47,542)	66,048
Income (loss) from discontinued operations	103,328	(27,511)	(25,044)
Net cash provided by (used in) operating activities	(73,035)	(11,087)	(3,200)
Net cash (used in) provided by investing activities	20,065	(12,742)	(800,899)
Net cash (used in) provided by financing activities	(1,033)	(53,892)	950,792
VIEs and their subsidiaries
Consolidated financial information
Total current assets	125,854	24,523
Total non-current assets	36,481	83,079
TOTAL ASSETS	162,335	107,602
Total current liabilities	48,712	84,865
Total non-current liabilities	156	30
TOTAL LIABILITIES	48,868	84,895
Net revenue	152,338	158,291	110,897
Income (loss) from continuing operations	(59,122)	(38,492)	8,845
Income (loss) from discontinued operations	(29,367)	(26,448)	(23,161)
Net cash provided by (used in) operating activities	11,820	21,101	(3,804)
Net cash (used in) provided by investing activities	(7,457)	(21,411)	(18,572)
Net cash (used in) provided by financing activities	$ 8,133	$ 1,050	$ (753)
Percentage of VIEs revenues to the consolidated net revenues	97.20%	99.20%	99.50%
Percentage of VIEs assets to the consolidated total assets	11.70%	8.90%
Percentage of VIEs liability to the consolidated total liabilities	42.30%	87.80%
VIEs creditors having recourse to general credit of the Company \| item	0
Number of terms under arrangement with VIEs to provide financial support \| item	0
Group without its VIEs and VIEs' subsidiaries
Consolidated financial information
Total current assets	$ 996,733	$ 1,026,221
Total non-current assets	226,618	67,990
TOTAL ASSETS	1,223,351	1,094,211
Total current liabilities	66,550	5,255
Total non-current liabilities		6,533
TOTAL LIABILITIES	66,550	11,788
Net revenue	4,353	1,344	$ 613
Income (loss) from continuing operations	19,435	(9,050)	57,203
Income (loss) from discontinued operations	132,695	(1,063)	(1,883)
Net cash provided by (used in) operating activities	(84,855)	(32,188)	604
Net cash (used in) provided by investing activities	27,522	8,669	(782,327)
Net cash (used in) provided by financing activities	$ (9,166)	$ (54,942)	$ 951,545

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Dec. 31, 2013
Term deposits
Maximum maturity term of term deposits	1 year
Held-to-Maturity investment
Fixed annual interest rate (as a percent)	4.00%
Accounts and notes receivable and allowance for doubtful accounts
Maximum maturity term of notes receivables that are bank accepted drafts related to trade receivables of advertising revenue	6 months
Building
Property and equipment, net
Estimated useful lives	46 years
Furniture and vehicles
Property and equipment, net
Estimated useful lives	5 years
Computer equipment and application software \| Minimum
Property and equipment, net
Estimated useful lives	2 years
Computer equipment and application software \| Maximum
Property and equipment, net
Estimated useful lives	3 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) $ in Thousands	5 Months Ended	12 Months Ended
	Dec. 31, 2012 item	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)
Revenue recognition
Payment to performers based on amount of beans consumed (as a percent)		40.00%
Intangible assets with indefinite lives
Impairment loss for indefinite-lived intangible assets from continuing operations		$ 0	$ 0	$ 314
impairment loss for indefinite-lived intangible assets from discontinued operations		0	0	1,905
Impairment of long-lived assets and intangible assets with definite lives
Impairment charges of intangible assets with definite life		$ 208	0	0
Business taxes
Business taxes for WVAS revenue (as a percent)		3.36%
Business taxes for games revenue (as a percent)		5.60%
Business taxes for advertising revenue (as a percent)		8.60%
Business taxes deducted in arriving net revenue		$ 2,663	5,685	9,468
Value added taxes
Number of provinces and municipalities to which pilot value-added tax reform program was expanded \| item	10
VAT and related surcharges rate, minimum (as a percent)		6.72%
VAT and related surcharges rate, maximum (as a percent)		6.78%
Income taxes
Income tax due to uncertain tax position and interest and penalties related to potential underpaid income tax expenses		$ 0	$ 0	$ 0
Maximum
Revenue recognition
Playing period		12 months
Payment to performers under service contract, based on amount of beans consumed (as a percent)		55.00%
Operating platforms and technology \| Minimum
Intangible assets, net
Estimated average useful lives		3 years
Operating platforms and technology \| Maximum
Intangible assets, net
Estimated average useful lives		8 years
Non-compete agreement \| Average
Intangible assets, net
Estimated average useful lives		4 years
Game license \| Minimum
Intangible assets, net
Estimated average useful lives		6 months
Game license \| Maximum
Intangible assets, net
Estimated average useful lives		5 years
Login user \| Minimum
Intangible assets, net
Estimated average useful lives		6 months
Login user \| Maximum
Intangible assets, net
Estimated average useful lives		1 year
Technology, user generated content and relationship with broadcasters \| Average
Intangible assets, net
Estimated average useful lives		6 years
Customer relationship \| Average
Intangible assets, net
Estimated average useful lives		4 years
Registered user list \| Average
Intangible assets, net
Estimated average useful lives		3 years
Video content copyright and web game cooperation agreement \| Average
Intangible assets, net
Estimated average useful lives		2 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Value added taxes
Amount of VAT reported as a deduction to revenue	$ 8,874	$ 8,980
VIEs
Noncontrolling interest
Profit or loss allocated to the noncontrolling interest	$ 0	$ 0	$ 0

SIGNIFICANT RISKS AND UNCERTAINTIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Foreign currency risk
Cash and cash equivalents denominated in RMB	$ 122,838	$ 30,166
Accounts receivable \| Credit concentration risk \| Client A
SIGNIFICANT RISKS AND UNCERTAINTIES
Concentration risk (as a percent)	6.70%	12.10%
Amount of concentration risk	$ 1,070	$ 2,184
Accounts receivable \| Credit concentration risk \| Client B
SIGNIFICANT RISKS AND UNCERTAINTIES
Concentration risk (as a percent)	11.60%	3.30%
Amount of concentration risk	$ 1,855	$ 602

DECONSOLIDATION OF SUBSIDIARIES (Details) $ in Thousands			1 Months Ended		12 Months Ended
DECONSOLIDATION OF SUBSIDIARIES (Details) $ in Thousands	Oct. 31, 2013 USD ($)	Oct. 26, 2013 USD ($)	Feb. 28, 2014 USD ($) item	Feb. 29, 2012 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)
DECONSOLIDATION OF SUBSIDIARIES
Cash consideration paid to acquire investments					$ 20,000	$ 55,155	$ 46,599
Calculation of gain on deconsolidation
Cash consideration received					81
Fair value of investment					97,015	95,603
Amounts due to Renren Inc.					(1,456)	$ (1,387)	$ (1,121)
Gain (loss) on deconsolidation of the subsidiaries					132,665
Nuomi Inc
DECONSOLIDATION OF SUBSIDIARIES
Equity interest (as a percent)		31.61%
Calculation of gain on deconsolidation
Fair value of investment		$ 63,626			63,626
Less: Cash and cash equivalents		18,310
Prepaid expenses and other current assets		26,417
Property and equipment, net		1,318
Other non-current assets		190
Accounts payable		(28,467)
Accrued expenses and other payables		(10,957)
Amounts due to Renren Inc.		(74,825)
Deferred revenue		(1,181)
Gain (loss) on deconsolidation of the subsidiaries		$ 132,821			132,821
Nuomi Inc \| Subsequent event
Calculation of gain on deconsolidation
Cash consideration received			$ 68,066
Majortiy equity interest sold (as a percentage)			31.61%
Final dividend receivable			$ 55,000
Number of transactions upon completion of which all shares will be disposed \| item			2
Qingting
DECONSOLIDATION OF SUBSIDIARIES
Equity interest (as a percent)	40.00%
Remaining equity interest purchased (as a percent)				35.00%
Cash consideration paid to acquire investments				$ 555
Calculation of gain on deconsolidation
Cash consideration received	$ 81
Fair value of investment	160
Less: Cash and cash equivalents	328
Prepaid expenses and other current assets	5
Property and equipment, net	64
Gain (loss) on deconsolidation of the subsidiaries	$ (156)				$ (156)
Percentage of equity interest held by the Company				65.00%		100.00%
Majortiy equity interest sold (as a percentage)	60.00%

DISCONTINUED OPERATIONS (Details) - USD ($) $ in Thousands			12 Months Ended
DISCONTINUED OPERATIONS (Details) - USD ($) $ in Thousands	Oct. 31, 2013	Oct. 26, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating results from disposal groups
Loss from the operations of the discontinued operations, net of income taxes			$ 29,337	$ 27,511	$ 25,044
Gain (loss) on deconsolidation of the subsidiaries			132,665
Gain (loss) from the discontinued operations, net of income taxes			103,328	(27,511)	(25,044)
Nuomi
Operating results from disposal groups
Net revenues from discontinued operations			19,319	16,451	6,457
Loss from the operations of the discontinued operations, Before income taxes			28,378	27,295	24,296
Income tax expense					28
Loss from the operations of the discontinued operations, net of income taxes			28,378	27,295	24,324
Gain (loss) on deconsolidation of the subsidiaries		$ 132,821	132,821
Gain (loss) from the discontinued operations, net of income taxes			104,443	(27,295)	(24,324)
Qingting
Operating results from disposal groups
Loss from the operations of the discontinued operations, Before income taxes			959	216	720
Loss from the operations of the discontinued operations, net of income taxes			959	216	720
Gain (loss) on deconsolidation of the subsidiaries	$ (156)		(156)
Gain (loss) from the discontinued operations, net of income taxes			$ (1,115)	$ (216)	$ (720)

ACQUISITIONS (Details) - USD ($) $ in Thousands		2 Months Ended
ACQUISITIONS (Details) - USD ($) $ in Thousands	Oct. 27, 2011	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Purchase price allocation of total purchase price to assets acquired and liabilities
Goodwill			$ 61,407	$ 59,673
Acquisition of Wole, Inc.
Acquisitions and disposals in relation with WVAS business
Total purchase consideration fully paid in cash	$ 79,600
Revenue of the acquiree from acquisition date included in the consolidated financial statement of operations		$ 2,228
Net loss of the acquiree from acquisition date included in the consolidated financial statement of operations		$ 364
Purchase price allocation of total purchase price to assets acquired and liabilities
Goodwill	54,161
Net working capital acquired	4,197
Net fixed assets	671
Domain name, trademarks and online licenses	23,817
Other long-term deferred expense	3
Deferred tax liability	(6,990)
Total	80,000
Acquisition of Wole, Inc. \| Technology
Purchase price allocation of total purchase price to assets acquired and liabilities
Finite-lived intangible assets	$ 854
Amortization periods of finite lived intangible assets	6 years
Acquisition of Wole, Inc. \| Registered user list
Purchase price allocation of total purchase price to assets acquired and liabilities
Finite-lived intangible assets	$ 443
Amortization periods of finite lived intangible assets	3 years
Acquisition of Wole, Inc. \| Non-compete agreement
Purchase price allocation of total purchase price to assets acquired and liabilities
Finite-lived intangible assets	$ 187
Amortization periods of finite lived intangible assets	4 years
Acquisition of Wole, Inc. \| User generated content
Purchase price allocation of total purchase price to assets acquired and liabilities
Finite-lived intangible assets	$ 1,313
Amortization periods of finite lived intangible assets	6 years
Acquisition of Wole, Inc. \| Video content copyright
Purchase price allocation of total purchase price to assets acquired and liabilities
Finite-lived intangible assets	$ 348
Amortization periods of finite lived intangible assets	2 years
Acquisition of Wole, Inc. \| Customer relationship
Purchase price allocation of total purchase price to assets acquired and liabilities
Finite-lived intangible assets	$ 316
Amortization periods of finite lived intangible assets	4 years
Acquisition of Wole, Inc. \| Webgame cooperation agreement
Purchase price allocation of total purchase price to assets acquired and liabilities
Finite-lived intangible assets	$ 237
Amortization periods of finite lived intangible assets	2 years
Acquisition of Wole, Inc. \| Relationship with broadcasters
Purchase price allocation of total purchase price to assets acquired and liabilities
Finite-lived intangible assets	$ 443
Amortization periods of finite lived intangible assets	6 years

ACCOUNTS AND NOTES RECEIVABLE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Accounts and notes receivable
Accounts receivable				$ 17,101	$ 18,629
Notes receivable					329
Accounts and notes receivable, gross				17,101	18,958
Allowance of doubtful accounts	$ (556)	$ (556)	$ (233)	(1,143)	(556)
Accounts and notes receivable, net				$ 15,958	$ 18,402
Movement of allowance for doubtful accounts
Balance at beginning of year	556	224	233
Charge to expenses	1,661	1,357	831
Transferring out as a result of deconsolidation of subsidiaries	(2)
Reversal	(849)	(1,032)	(429)
Write off of accounts receivables	(249)		(428)
Exchange difference	26	7	17
Balance at end of year	$ 1,143	$ 556	$ 224

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
PREPAID EXPENSES AND OTHER CURRENT ASSETS
Deposit Asset with Bank for Stock Repurchases Current	$ 10,860
Advances to suppliers	4,054	$ 10,160
Receivables related to online gaming	5,931	8,628
Interest income receivable	2,869	2,708
Prepaid expenses	4,404	3,216
Other current assets	4,022	2,923
Rental deposits	1,940	1,956
Total	34,080	29,591
Prepayments to certain merchants for social commerce business	0	8,517
Allowance provided for the advance to suppliers of social commerce business	0	$ 1,020
Allowance provided for the advance to game developers	$ 252

SHORT-TERM INVESTMENTS AND EQUITY METHOD INVESTMENT-CURRENT (Details) $ in Thousands		12 Months Ended
	Dec. 31, 2013 USD ($) item	Dec. 31, 2013 USD ($) item	Dec. 31, 2012 USD ($) item	Dec. 31, 2011 USD ($)	Oct. 26, 2013 USD ($)
Available-for-sale:
Cost	$ 142,324	$ 142,324	$ 116,833
Gross unrealized gains	160,475	160,475	30,212
Impairment of short-term investments		(2,098)
Carrying Amount	300,701	300,701	147,045
Derivative financial instrument
Cost		1,999
Fair value change		(705)
Carrying Amount	1,294	1,294
Additional information on the realized gains and losses from available-for-sale investments
Proceeds		119,917	81,136	$ 86,491
Costs		63,190	78,116	35,580
Gains (losses)		56,022	3,020	50,911
Proceeds from sale of call options		959	1,297
Impairment loss		2,098
Fair value of investment	97,015	97,015	95,603
Share of gain (loss) recognized by the entity		20,317	(7,471)	1,320
Nuomi Inc
Additional information on the realized gains and losses from available-for-sale investments
Fair value of investment	63,626	63,626			$ 63,626
Share of gain (loss) recognized by the entity	$ 3,118
Investees
Additional information on the realized gains and losses from available-for-sale investments
Costs		25,950	6,229
Gains (losses)		$ 55,506	$ 1,165
Number of investees from whom Company purchased stocks and options classified as available-for-sale securities \| item		1	2
Cost of securities purchased		$ 48,899	$ 60,786
Number of securities sold \| item		1
Call options
Additional information on the realized gains and losses from available-for-sale investments
Proceeds		$ 959	1,297
Gains (losses)		$ 959	$ 1,297
Number of call options outstanding \| item	0	0	0
Interest rate swaption
Derivative financial instrument
Cost		$ 1,999
Fair value change		(705)
Carrying Amount	$ 1,294	1,294
Additional information on the realized gains and losses from available-for-sale investments
Gains (losses)		(705)
Equity securities
Available-for-sale:
Cost	77,506	77,506	$ 54,557
Gross unrealized gains	160,288	160,288	28,888
Carrying Amount	237,794	237,794	83,445
Additional information on the realized gains and losses from available-for-sale investments
Proceeds		81,456	6,097	72,390
Costs		25,950	6,229	21,506
Gains (losses)		55,506	(132)	50,884
Corporate bonds
Available-for-sale:
Cost	64,818	64,818	62,276
Gross unrealized gains	187	187	1,324
Impairment of short-term investments		(2,098)
Carrying Amount	$ 62,907	62,907	63,600
Additional information on the realized gains and losses from available-for-sale investments
Proceeds		37,502	73,742	14,101
Costs		37,240	71,887	14,074
Gains (losses)		262	1,855	$ 27
Cost of securities purchased		$ 39,782	$ 79,891
Number of banks from whom company purchased securities classified as available-for-sale securities \| item		2
Impairment loss		$ 2,098

LONG-TERM INVESTMENTS (Details) $ / shares in Units, $ in Thousands							1 Months Ended		2 Months Ended	12 Months Ended
	Dec. 05, 2012 USD ($) item	Nov. 23, 2012 USD ($)	Sep. 05, 2012 USD ($) $ / shares shares	Jul. 03, 2012 USD ($)	Nov. 18, 2011 USD ($)	Apr. 25, 2011 USD ($)	Nov. 30, 2013 USD ($)	Oct. 31, 2011 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Oct. 31, 2013 USD ($)
LONG-TERM INVESTMENTS
Total equity method investments									$ 97,015	$ 97,015	$ 95,603
Total cost method investments									2,594	2,594	2,408
Total held-to-maturity									8,233	8,233	9,586
Total long-term investments									107,842	107,842	107,597
Equity method investments
Cash consideration paid to acquire investments										20,000	55,155	$ 46,599
Share of gain (loss) recognized by the entity										20,317	(7,471)	1,320
Impairment charge recognized for equity method investment										23,025
Total current assets									1,122,587	1,122,587	952,734
Total Assets									1,385,686	1,385,686	1,201,813	1,278,008
Total current liabilities									115,262	115,262	90,119
Total liabilities									115,418	115,418	96,683
Net revenues										156,691	159,635	111,510
Gross Profit										87,995	94,572	85,916
Net income (loss)										63,641	(75,053)	41,004
Cost method investments
Cash contribution made to acquire investments										116		2,460
Equity method investments
Equity method investments
Total current assets									196,016	196,016	106,835
Total Assets									672,923	672,923	188,518
Total current liabilities									64,740	64,740	2,976
Total liabilities									355,053	355,053	16,918
Net revenues										146,513	5,219	5,310
Gross Profit										138,623	3,355	3,701
Net income (loss)										83,860	(59,417)	$ (39,581)
Hylink
LONG-TERM INVESTMENTS
Total cost method investments									2,478	2,478	2,408
Cost method investments
Acquisition of equity interest (as a percent)						2.00%
Cash contribution made to acquire investments						$ 2,381
Anqi
LONG-TERM INVESTMENTS
Total cost method investments									116	116
Cost method investments
Acquisition of equity interest (as a percent)							3.00%
Cash contribution made to acquire investments							$ 116
Mapbar
LONG-TERM INVESTMENTS
Total equity method investments									2,414	2,414	23,782
Equity method investments
Equity interest acquired (as a percent)								35.00%
Cash consideration paid to acquire investments								$ 26,599
Share of gain (loss) recognized by the entity										(2,356)	(2,590)
Impairment charge recognized for equity method investment										19,012
JMOOP
LONG-TERM INVESTMENTS
Total equity method investments									48,119	48,119	17,987
Equity method investments
Cash consideration paid to acquire investments					$ 20,000					20,000
Share of gain (loss) recognized by the entity										29,290	(3,560)
Capital distributions										19,158
Social Finance, Inc
LONG-TERM INVESTMENTS
Total equity method investments									$ 44,673	$ 44,673	$ 47,776
Social Finance, Inc \| Series B shares
Equity method investments
Equity interest acquired (as a percent)									26.68%	26.68%	27.10%
Cash consideration paid to acquire investments			$ 49,000
Share of gain (loss) recognized by the entity										$ (3,103)	$ (1,224)
Number of shares purchased \| shares			5,573,719
Price per share (in dollar per share) \| $ / shares			$ 8.791258
Social Finance, Inc \| Series 2012-A Senior Secured Refi Loan Notes
LONG-TERM INVESTMENTS
Total held-to-maturity									$ 8,233	$ 8,233	9,586
Cost method investments
Principal value of Series 2012-A Senior Secured Refi Loan Notes				$ 10,000
Fixed annual interest rate (as a percent)										4.00%
Monthly return of principal										$ 1,353	414
Monthly earned interest										248	137
Gaoxue
LONG-TERM INVESTMENTS
Total equity method investments									$ 1,754	$ 1,754	6,058
Equity method investments
Equity interest acquired (as a percent)		25.00%							30.00%	30.00%
Cash consideration paid to acquire investments		$ 5,300
Share of gain (loss) recognized by the entity										$ (291)	$ (97)
Impairment charge recognized for equity method investment										4,013
Gaoxue \| Shareholders
Equity method investments
Equity interest acquired (as a percent)	5.00%
Number of existing shareholders of investee \| item	2
Gaoxue \| Shareholder One
Equity method investments
Cash consideration paid to acquire investments	$ 470
Gaoxue \| Shareholder Two
Equity method investments
Cash consideration paid to acquire investments	$ 385
Qingting
LONG-TERM INVESTMENTS
Total equity method investments									$ 55	$ 55			$ 160
Equity method investments
Share of gain (loss) recognized by the entity									$ (105)

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property and equipment, net
Equipment, gross	$ 102,944	$ 67,113
Less: Accumulated depreciation	(44,294)	(34,758)
Less: Accumulated impairment loss	(90)
Equipment, net	58,560	32,355
Depreciation expenses from continuing operations	16,826	13,209	$ 7,704
Depreciation expenses from discontinuing operations	744	674	125
Impairment loss from continuing operations	90	0	0
Impairment loss from discontinuing operations	0	0	$ 0
Building
Property and equipment, net
Equipment, gross	34,395
Computer equipment and application software
Property and equipment, net
Equipment, gross	61,857	61,149
Furniture and vehicles
Property and equipment, net
Equipment, gross	1,267	1,159
Leasehold improvements
Property and equipment, net
Equipment, gross	$ 5,425	$ 4,805

ACQUIRED INTANGIBLE ASSETS, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Acquired intangible assets, net
Intangible assets, gross	$ 34,561	$ 32,053
Less: Accumulated amortization	(6,956)	(5,233)
Less: Accumulated impairment	(208)
Intangible asset, net	27,397	26,820
Impairment loss from continuing operations for terminated licenses	0	0	$ 314
Amortization expenses from continuing operations	1,618	2,205	811
Amortization expenses from discontinuing operations	0	0	$ 0
Estimated amortization expenses
2014	1,239
2015	676
2016	415
2017	63
After	3
Operating platforms and technology
Acquired intangible assets, net
Intangible assets, gross	1,264	1,228
Less: Accumulated amortization	(936)	(542)
Game license, webgame cooperation agreement and content copyright (i)
Acquired intangible assets, net
Intangible assets, gross	5,278	3,706
Less: Accumulated amortization	(3,773)	(3,048)
Less: Accumulated impairment	(208)
Impairment loss from continuing operations for terminated licenses	208
User generated content
Acquired intangible assets, net
Intangible assets, gross	1,395	1,368
Less: Accumulated amortization	(931)	(603)
Customer and broadcasters relationship
Acquired intangible assets, net
Intangible assets, gross	793	770
Less: Accumulated amortization	(582)	(383)
Login users and registered user list
Acquired intangible assets, net
Intangible assets, gross	635	618
Less: Accumulated amortization	(575)	(550)
Non-compete agreement
Acquired intangible assets, net
Intangible assets, gross	195	189
Less: Accumulated amortization	(159)	(107)
Domain name, trademarks and online licenses
Acquired intangible assets, net
Intangible assets, gross	$ 25,001	$ 24,174

OTHER NON-CURRENT ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
OTHER NON-CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
OTHER NON-CURRENT ASSETS
Prepayment for purchase of office buildings		$ 16,148
Employee housing loan	$ 3,797	4,903
Rental deposit	1,896	1,169
Restricted cash, non-current	322	313
Long-term deferred expense	49	101
Suppliers deposit	720
Total	6,784	22,634
Additional disclosures
New loans	$ 586	$ 5,141
Annual interest rate for the loans offered before July 1, 2012 (as a percent)		7.05%
Annual interest rate for the loans offered after July 1, 2012		6.55%

GOODWILL (Details) - USD ($) $ in Thousands	12 Months Ended
GOODWILL (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Gross amount:
Beginning balance	$ 60,298	$ 59,623
Exchange difference	1,734	675
Ending balance	62,032	60,298
Accumulated impairment loss:
Beginning balance	(625)	(625)
Ending balance	(625)	(625)
Goodwill, net	$ 61,407	$ 59,673

ACCRUED EXPENSES AND OTHER PAYABLES (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2010 item	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Accrued expenses and other payables
Employee payroll and welfare payables		$ 9,168	$ 13,608
Other tax payable		7,510	7,663
Accrued professional, marketing and leasing fees		8,897	8,321
Other payables		6,397	9,430
Liability for advance payment of unvested options		166	1,465
Accrued advertising sales rebate		505	1,121
Accrued restructuring liabilities		671
Total		33,314	41,608
Number of executive officers and employees who provided promissory notes to the entity in connection with early exercise of share options \| item	7
Interest rate on the loans (as a percent)	5.40%
Balance of liability for advance payment of unvested options at the end of the period		166	$ 1,465
Restructuring cost		3,475
Restructuring cost paid		$ 2,804

INCOME TAXES (Details)				12 Months Ended
INCOME TAXES (Details)	Jan. 02, 2013	Jan. 02, 2011	Jan. 02, 2009	Dec. 31, 2011	Jan. 02, 2015
Qianxiang Wangjing
Income tax exemptions and tax rate reductions
Exemption period for income tax			2 years
Reduction in tax rate for three years following the exemption period (as a percent)		50.00%
Period for reduction in tax percentage			3 years
Shanghai Changda
Income tax exemptions and tax rate reductions
Exemption period for income tax		2 years
Reduction in tax rate for three years following the exemption period (as a percent)	50.00%
Period for reduction in tax percentage		3 years
Renren Games
Income tax exemptions and tax rate reductions
Exemption period for income tax	2 years
Reduction in tax rate for three years following the exemption period (as a percent)					50.00%
Period for reduction in tax percentage	3 years
Qianjun Technology
Income tax exemptions and tax rate reductions
Period for reduction in tax percentage				3 years
Beneficial tax rate (as a percent)				15.00%
Additional period for reduction in tax percentage				3 years

INCOME TAXES (Details 2) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income taxes
Statutory income tax rate (as a percent)	25.00%	25.00%	25.00%
Aggregate accumulated deficits	$ (197,726)	$ (261,459)
Current and deferred component of income tax expenses (benefits)
Total Income tax (benefits) expenses	$ (7,453)	920	$ 640
Non-current deferred tax assets
Non-current deferred tax liabilities, net		$ (6,564)
PRC
Income taxes
Statutory income tax rate (as a percent)	25.00%	25.00%	25.00%
Withholding income tax rate on dividends generated and payable by a foreign-invested enterprise in PRC to foreign non-resident enterprise investors (as a percent)	10.00%
Deferred tax liability accrued for the Chinese dividend withholding taxes	$ 0
Aggregate accumulated deficits	192,792
Current and deferred component of income tax expenses (benefits)
Current income tax expense	1,019	$ 7	$ 1,495
Deferred income tax (benefit) expense	(8,472)	913	(855)
Total Income tax (benefits) expenses	(7,453)	920	$ 640
Current deferred tax assets
Provision for doubtful accounts	484	836
Accrued payroll and welfare	1,763	1,980
Accrued liabilities-current	1,894
Excessive advertising fees		1
Intangible assets amortization	52	25
Less valuation allowance	(3,565)	(2,842)
Current deferred tax assets, net	628
Non-current deferred tax assets
Accrued Liabilities-non-current	56	88
Excessive advertising fee-non-current	791	2,296
Net operating loss carry forwards	42,606	24,309
Less valuation allowance	(35,855)	(26,693)
Non-current deferred tax assets, net	7,598
Non-current deferred tax liabilities,intangible assets	(6,489)	(6,564)
Non-current deferred tax liabilities, net	$ (6,489)	$ (6,564)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
INCOME TAXES
Net operating loss carry forwards	$ 42,606	$ 24,309
Reconciliation between the income taxes expense (benefit) computed by applying the PRC tax rate to income (loss) before income taxes and the actual provision for income taxes
Income (loss) before provision of income tax	$ (67,457)	$ (39,151)	$ 65,368
PRC statutory income tax rate (as a percent)	25.00%	25.00%	25.00%
Income tax at statutory tax rate	$ (16,864)	$ (9,788)	$ 16,342
Taxable deemed interest income from inter-company interest-free loans	4,470	1,896	177
Non-deductible loss and other expenses not deductible for tax purposes	3,383	8,599	(5,304)
Effect of income tax exemption of the Company in the Cayman Islands	(3,926)	(5,060)	(17,750)
Effect of tax holidays	(3,491)	(9,846)	(4,172)
Changes in valuation allowance	8,975	15,119	11,347
Total Income tax (benefits) expenses	$ (7,453)	$ 920	$ 640

INCOME TAXES (Details 4) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income taxes provision and net income (loss) per share, If the tax exemption granted had not been available
Provision for income taxes expenses	$ (7,453)	$ 920	$ 640
Net income (loss) per ordinary share from continuing operations attributable to Renren Inc. shareholders, if tax exemption granted had not been available
Basic (in dollars per share)	$ 0.06	$ (0.07)	$ 0.05
Diluted (in dollars per share)	$ 0.06	$ (0.07)	$ 0.05
No Tax Holidays In Effect
Income taxes provision and net income (loss) per share, If the tax exemption granted had not been available
Provision for income taxes expenses	$ (3,962)	$ 10,766	$ 4,812
Net income (loss) per ordinary share from continuing operations attributable to Renren Inc. shareholders, if tax exemption granted had not been available
Basic (in dollars per share)	$ 0.05	$ (0.07)	$ 0.05
Diluted (in dollars per share)	$ 0.05	$ (0.07)	$ 0.04

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

ORDINARY SHARES (Details) $ / shares in Units, $ in Thousands						12 Months Ended
	Jun. 28, 2013 USD ($)	Dec. 26, 2012 USD ($)	Sep. 29, 2011 USD ($)	May 04, 2011 USD ($) $ / shares shares	Jan. 31, 2011 $ / shares shares	Dec. 31, 2013 USD ($) item $ / shares shares	Dec. 31, 2012 USD ($) $ / shares shares	Dec. 31, 2011 USD ($) $ / shares shares
ORDINARY SHARES
Shares repurchased					800,000
Repurchase price of ordinary share (in dollars per share) \| $ / shares					$ 0.7
Price per share for the shares issued (in dollars per share) \| $ / shares						$ 1.02	$ 1.15	$ 1.18
Proceeds from shares issued during IPO and private placements \| $				$ 777,379				$ 777,379
Offering costs related to IPO and private placements \| $				$ 6,317				$ 6,317
Aggregate amount of shares repurchased								19,067,684
Repurchase of ordinary shares \| $						$ 55,575	$ 53,630	$ 44,361
Mr. Joseph Chen and his transferees which are his affiliates
ORDINARY SHARES
Ordinary shares, outstanding				173,985,970
Ordinary shares prior to division of share capital
ORDINARY SHARES
Shares repurchased								800,000
Class A ordinary shares
ORDINARY SHARES
Shares repurchased						56,635,569	54,253,314	19,067,684
Ordinary shares authorized				3,000,000,000		3,000,000,000	3,000,000,000
Ordinary shares, par value (in dollars per share) \| $ / shares				$ 0.001		$ 0.001	$ 0.001
Ordinary shares, outstanding						789,976,372	729,848,742
Convertible preferred shares, conversion ratio				1
Ordinary shares, conversion ratio				1
Number of votes entitled to ordinary shareholders \| item						1
Repurchase of ordinary shares \| $						$ 55,575	$ 53,630	$ 44,361
Class A ordinary shares \| IPO
ORDINARY SHARES
Number of ordinary shares represented by ADS				183,195,000
Number of ordinary shares represented by each ADS				3
Class A ordinary shares \| Private placements
ORDINARY SHARES
Shares issued				23,571,426
Price per share for the shares issued (in dollars per share) \| $ / shares				$ 4.67
Class B ordinary shares
ORDINARY SHARES
Ordinary shares authorized				500,000,000		500,000,000	500,000,000
Ordinary shares, par value (in dollars per share) \| $ / shares				$ 0.001		$ 0.001	$ 0.001
Ordinary shares, outstanding						305,388,450	402,680,117
Number of votes entitled to ordinary shareholders \| item						10
Number of ordinary shares issuable upon conversion						1
Class B ordinary shares \| Mr. Joseph Chen and his transferees which are his affiliates
ORDINARY SHARES
Convertible preferred shares, conversion ratio				1
Ordinary shares, conversion ratio				1
Series A shares \| Mr. Joseph Chen and his transferees which are his affiliates
ORDINARY SHARES
Convertible preferred shares, outstanding				25,571,420
Series B shares \| Mr. Joseph Chen and his transferees which are his affiliates
ORDINARY SHARES
Convertible preferred shares, outstanding				70,701,580
Series D shares
ORDINARY SHARES
Convertible redeemable preferred shares, outstanding				135,129,480
Convertible redeemable preferred shares, conversion ratio				1
ADSs
ORDINARY SHARES
Stock repurchase, authorized amount \| $	$ 100,000	$ 48,200	$ 150,000
Authorized period for repurchase of stock	12 months	12 months	1 year
ADSs \| IPO
ORDINARY SHARES
Shares issued				61,065,000
Price per share for the shares issued (in dollars per share) \| $ / shares				$ 14

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Assets:
Short term investments	$ 300,701	$ 147,045
Corporate bonds
Assets:
Impairment charge	2,098
Recurring basis \| Quoted price in active markets for identical investments Level 1
Assets:
Total	301,995	147,045
Recurring basis \| Quoted price in active markets for identical investments Level 1 \| Equity securities
Assets:
Short term investments	237,794	83,445
Recurring basis \| Quoted price in active markets for identical investments Level 1 \| Corporate bonds
Assets:
Short term investments	62,907	63,600
Recurring basis \| Total
Assets:
Total	300,701	147,045
Recurring basis \| Total \| Interest rate swaption
Assets:
Short term investments	1,294
Recurring basis \| Total \| Equity securities
Assets:
Short term investments	237,794	83,445
Recurring basis \| Total \| Corporate bonds
Assets:
Short term investments	62,907	$ 63,600
Recurring basis \| Significant other observable inputs Level 2
Assets:
Total	1,294
Recurring basis \| Significant other observable inputs Level 2 \| Interest rate swaption
Assets:
Short term investments	$ 1,294

FAIR VALUE MEASUREMENTS (Details 2) - Nonrecurring basis $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($)
Cost Approach \| Minimum \| Mapbar
Significant unobservable inputs
Fair Value Inputs Estimated Recovery Rate (as a percent)	36.00%
Cost Approach \| Maximum \| Mapbar
Significant unobservable inputs
Fair Value Inputs Estimated Recovery Rate (as a percent)	100.00%
Income Approach Valuation \| Gaoxue
Significant unobservable inputs
Fair Value Inputs, Long-term Revenue Growth Rate	3.00%
Fair Value Inputs, Discount Rate	25.00%
Fair Value Inputs Duration of Cash Flows	7 years
Income Approach Valuation \| Minimum \| Gaoxue
Significant unobservable inputs
Fair Value Inputs Estimated Net Revenues	$ 13,022
Income Approach Valuation \| Maximum \| Gaoxue
Significant unobservable inputs
Fair Value Inputs Estimated Net Revenues	$ 52,944

SHARE-BASED COMPENSATION (Details) $ / shares in Units, $ in Thousands											1 Months Ended									8 Months Ended	12 Months Ended
	Dec. 02, 2013 item $ / shares shares	Oct. 25, 2013 $ / shares shares	Aug. 30, 2013 item $ / shares shares	May 17, 2013 item $ / shares shares	Apr. 02, 2013 item $ / shares shares	Mar. 22, 2013 item $ / shares shares	Dec. 28, 2012 $ / shares	Apr. 05, 2012 USD ($) item $ / shares shares	Oct. 15, 2009 shares	Jan. 31, 2008 item shares	Dec. 31, 2012 item $ / shares shares	Jun. 30, 2012 item $ / shares shares	Apr. 30, 2012 item $ / shares shares	Dec. 31, 2011 item $ / shares shares	Sep. 30, 2011 item $ / shares shares	Apr. 30, 2011 USD ($) shares	Jan. 31, 2011 USD ($) item $ / shares shares	Jun. 30, 2010 item shares	Oct. 31, 2007 shares	Oct. 31, 2010 item $ / shares shares	Dec. 31, 2013 USD ($) $ / shares shares	Dec. 31, 2012 USD ($) shares	Dec. 31, 2011 USD ($)	Jul. 31, 2010
SHARE-BASED COMPENSATION : Stock Options
Interest rate on notes receivable (as a percent)																								5.40%
Cash proceeds from early exercise of options \| $																					$ 2,913	$ 1,898	$ 14,233
Awards vesting on May 1, 2013
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage													25.00%
Awards vested at the end of each calendar month after May 1, 2013 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage													75.00%
Proportion of vesting of remaining awards													0.028
Awards vesting on June 14, 2013
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage												25.00%
Awards vested at the end of each calendar month after June 14, 2013 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage												75.00%
Proportion of vesting of remaining awards												0.028
Awards vesting on December 31, 2013
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage											25.00%
Awards vesting on December 31, 2013 \| Game
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage					25.00%
Awards vested at the end of each calendar month after December 31, 2013 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage											75.00%
Proportion of vesting of remaining awards											0.028
Awards vesting on March 21, 2014
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage						25.00%
Awards vested at the 21st day of each calendar month after March 21, 2014 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage						75.00%
Proportion of vesting of remaining awards						0.028
Awards vested at the last day of each calendar month subsequent to January 1, 2014 through the end of the fourth year \| Game
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage					75.00%
Proportion of vesting of remaining awards					0.028
Awards vesting on May 16, 2014
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage				25.00%
Awards vested at the 16th day of each calendar month after May 16, 2014 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage				75.00%
Proportion of vesting of remaining awards				0.028
Awards vesting on August 30, 2014
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage			25.00%
Awards vested at the 16th day of each calendar month after August 30, 2014 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage			75.00%
Proportion of vesting of remaining awards			0.028
Awards vesting on December 2, 2014
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage	25.00%
Awards vested at the 1st day of each calendar month after December 2, 2014 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage	75.00%
Proportion of vesting of remaining awards	0.028
Stock options
SHARE-BASED COMPENSATION : Stock Options
Award vesting period																	4 years			4 years
Award vesting percentage															25.00%		25.00%
Cancelled granted employees in Nuomi (in shares) \| shares		187,600																			8,852,585
Weighted average exercise price (in dollars per share) \| $ / shares		$ 1.15
Options granted to employees, management and external advisors (in shares) \| shares	2,755,500		600,000	3,060,000		9,867,000					3,503,400	300,000	300,000	1,639,107	519,000		12,608,500			3,980,630	27,912,500
Exercise price of awards granted (in dollars per share) \| $ / shares	$ 0.94		$ 1.087	$ 0.95		$ 0.983					$ 1.1	$ 1.486	$ 2.03	$ 1.1	$ 1.76		$ 1.2			$ 1.80	$ 0.57
Number of options approved to be exercised early (in shares) \| shares																		84,395,110
Number of executive officers and employees providing promissory notes in connection with early exercise of share options																		7
Interest rate on notes receivable (as a percent)																		5.40%
Period for notes receivable becoming due or payable																		3 years
Grant day fair value of the options \| $																	$ 7,649
Stock options \| David Chao
SHARE-BASED COMPENSATION : Stock Options
Number of options approved to be exercised early (in shares) \| shares																	44,000
Stock options \| Director
SHARE-BASED COMPENSATION : Stock Options
Number of options approved to be exercised early (in shares) \| shares																440,000
Cash proceeds from early exercise of options \| $																$ 528
Stock options \| Game
SHARE-BASED COMPENSATION : Stock Options
Options granted to employees, management and external advisors (in shares) \| shares					11,630,000
Exercise price of awards granted (in dollars per share) \| $ / shares					$ 0.01
Stock options \| Awards vesting at the end of first year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage																				50.00%
Stock options \| Awards vested on grant date
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage																				100.00%
Stock options \| Awards vested over two years
SHARE-BASED COMPENSATION : Stock Options
Award vesting period																				2 years
Stock options \| Awards vested over Four Years vest at end of first year.
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage																				25.00%
Stock options \| Awards vested at each of the monthly anniversary for the grant date from the second year
SHARE-BASED COMPENSATION : Stock Options
Proportion of vesting of remaining awards																				0.042
Stock options \| Awards vested at each of the monthly anniversary for the grant date from the second year through the fourth years
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage																				75.00%
Proportion of vesting of remaining awards																				0.028
Stock options \| Awards vesting at each of the monthly anniversary of the grant date since December 31, 2011 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage																	75.00%
Proportion of vesting of remaining awards																	0.028
Stock options \| Awards vesting at each calendar month subsequent to first anniversary of the vesting commencement date through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage															75.00%
Proportion of vesting of remaining awards															0.028
60,000 share options
SHARE-BASED COMPENSATION : Stock Options
Options granted to employees, management and external advisors (in shares) \| shares														60,000
60,000 share options \| Awards vested on November 9, 2012
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage														25.00%
60,000 share options \| Awards vested at ninth day of each calendar month after November 9, 2012 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage														75.00%
Proportion of vesting of remaining awards														0.028
1,579,107 share options
SHARE-BASED COMPENSATION : Stock Options
Options granted to employees, management and external advisors (in shares) \| shares														1,579,107
1,579,107 share options \| Awards vested on December 31, 2012
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage														25.00%
1,579,107 share options \| Awards vested at end of each calendar month after December 31, 2012 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage														75.00%
Proportion of vesting of remaining awards														0.028
Non-employee options
SHARE-BASED COMPENSATION : Stock Options
Share-based compensation expenses from discontinued operations \| $
Employee stock options
SHARE-BASED COMPENSATION : Stock Options
Share-based compensation expenses from continuing operations \| $																					13,788	8,966	4,352
Share-based compensation expenses from discontinued operations \| $																					$ 649	$ 282	$ 254
Modified stock options
SHARE-BASED COMPENSATION : Stock Options
Exercise price of the outstanding share options granted before modification (in dollars per ADS) \| $ / shares							$ 4.00
Exercise price of the outstanding share options granted after modification (in dollars per ADS) \| $ / shares							$ 3.30
Outstanding options eligible for modification (in shares) \| shares																						27,480,309
Total incremental cost \| $																						$ 4,281
2006 Plan \| Stock options
SHARE-BASED COMPENSATION : Stock Options
Options approved under the plan (in shares) \| shares																			27,006,040
Award vesting period																			4 years
Options expiry term from the date of grant																			10 years
Options granted to employees, management and external advisors (in shares) \| shares																			27,006,040
2006 Plan \| Stock options \| Awards vesting at the end of first year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage																			25.00%
2006 Plan \| Stock options \| Awards vesting yearly in the second year through the fourth years
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage																			25.00%
2006 Plan \| Stock options \| Batch I awards vesting monthly from second year to fourth year
SHARE-BASED COMPENSATION : Stock Options
Proportion of vesting of remaining awards										0.028
2008 Plan \| Batch II awards vested evenly on monthly basis over four years period
SHARE-BASED COMPENSATION : Stock Options
Award vesting period										4 years
2008 Plan \| Stock options
SHARE-BASED COMPENSATION : Stock Options
Options approved under the plan (in shares) \| shares										60,312,000
Number of batches for option grants										2
Award vesting period										4 years
Options expiry term from the date of grant										10 years
Options granted to employees, management and external advisors (in shares) \| shares										60,312,000
2008 Plan \| Stock options \| Batch I awards vested on first anniversary
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage										25.00%
2009 Plan \| Stock options
SHARE-BASED COMPENSATION : Stock Options
Options approved under the plan (in shares) \| shares									39,064,000
Award vesting period									3 years
Options expiry term from the date of grant									10 years
Options granted to employees, management and external advisors (in shares) \| shares									39,064,000
2009 Plan \| Stock options \| Awards vested on grant date
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage									25.00%
2009 Plan \| Stock options \| Awards vest evenly each subsequent calendar month through three years
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage									75.00%
2011 share incentive plan \| Stock options
SHARE-BASED COMPENSATION : Stock Options
Options granted to employees, management and external advisors (in shares) \| shares								24,636,000
Exercise price of awards granted (in dollars per share) \| $ / shares								$ 1.82
Grant day fair value of the options \| $								$ 26,638
Period over which grant day fair value will be recognized								4 years
2011 share incentive plan \| 24,300,000 share options
SHARE-BASED COMPENSATION : Stock Options
Options granted to employees, management and external advisors (in shares) \| shares								24,300,000
2011 share incentive plan \| 24,300,000 share options \| Awards vested on April 4, 2013
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage								25.00%
2011 share incentive plan \| 24,300,000 share options \| Award vested at fourth day of each calendar month after April 4, 2013 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage								75.00%
Proportion of vesting of remaining awards								0.028
2011 share incentive plan \| 240,000 share options
SHARE-BASED COMPENSATION : Stock Options
Options granted to employees, management and external advisors (in shares) \| shares								240,000
2011 share incentive plan \| 240,000 share options \| Awards vested on February 28, 2013
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage								25.00%
2011 share incentive plan \| 240,000 share options \| Awards vested at end of each calendar month after February 28, 2013 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage								75.00%
Proportion of vesting of remaining awards								0.028
2011 share incentive plan \| 90,000 share options
SHARE-BASED COMPENSATION : Stock Options
Options granted to employees, management and external advisors (in shares) \| shares								90,000
2011 share incentive plan \| 90,000 share options \| Awards vested on January 8, 2013
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage								25.00%
2011 share incentive plan \| 90,000 share options \| Awards vested at the eighth day of each calendar month after January 8, 2013 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage								75.00%
Proportion of vesting of remaining awards								0.028
2011 share incentive plan \| 6,000 share options
SHARE-BASED COMPENSATION : Stock Options
Options granted to employees, management and external advisors (in shares) \| shares								6,000
2011 share incentive plan \| 6,000 share options \| Awards vested on March 18, 2013
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage								25.00%
2011 share incentive plan \| 6,000 share options \| Awards vested at the eighteenth day of each calendar month after March 18, 2013 through the end of the fourth year
SHARE-BASED COMPENSATION : Stock Options
Award vesting percentage								75.00%
Proportion of vesting of remaining awards								0.028

SHARE-BASED COMPENSATION (Details 2) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Fair value of the options granted, estimated on the date of grant using option-pricing models with assistance from Duff & Phelps, an independent valuation firm, with assumptions used
Closing stock price of ordinary shares (in dollars per share)	$ 1.02	$ 1.15	$ 1.18
Intrinsic value of options exercised	$ 15,964	$ 14,848	$ 74,233
Black-Scholes option-pricing model
Fair value of the options granted, estimated on the date of grant using option-pricing models with assistance from Duff & Phelps, an independent valuation firm, with assumptions used
Risk-free interest rate, minimum (as a percent)		1.28%	1.62%
Risk-free interest rate, maximum (as a percent)		1.93%	3.25%
Volatility rate, minimum (as a percent)		53.00%	54.00%
Volatility rate, maximum (as a percent)		64.00%	55.00%
Binomial option pricing model
Fair value of the options granted, estimated on the date of grant using option-pricing models with assistance from Duff & Phelps, an independent valuation firm, with assumptions used
Risk-free interest rate, minimum (as a percent)	2.00%
Risk-free interest rate, maximum (as a percent)	2.90%
Volatility rate, minimum (as a percent)	55.00%
Volatility rate, maximum (as a percent)	57.00%
Minimum \| Black-Scholes option-pricing model
Fair value of the options granted, estimated on the date of grant using option-pricing models with assistance from Duff & Phelps, an independent valuation firm, with assumptions used
Expected life		5 years 11 months 16 days	5 years 11 months 1 day
Minimum \| Binomial option pricing model
Fair value of the options granted, estimated on the date of grant using option-pricing models with assistance from Duff & Phelps, an independent valuation firm, with assumptions used
Expected exercise multiple	2.2
Maximum \| Black-Scholes option-pricing model
Fair value of the options granted, estimated on the date of grant using option-pricing models with assistance from Duff & Phelps, an independent valuation firm, with assumptions used
Expected life		6 years 29 days	6 years 1 month 2 days
Maximum \| Binomial option pricing model
Fair value of the options granted, estimated on the date of grant using option-pricing models with assistance from Duff & Phelps, an independent valuation firm, with assumptions used
Expected exercise multiple	2.8

SHARE-BASED COMPENSATION (Details 3) - USD ($) $ / shares in Units, $ in Thousands						1 Months Ended						8 Months Ended	12 Months Ended
	Dec. 02, 2013	Oct. 25, 2013	Aug. 30, 2013	May 17, 2013	Mar. 22, 2013	Dec. 31, 2012	Jun. 30, 2012	Apr. 30, 2012	Dec. 31, 2011	Sep. 30, 2011	Jan. 31, 2011	Oct. 31, 2010	Dec. 31, 2013
Options outstanding
Number outstanding (in shares)													70,979,125
Weighted average intrinsic value													$ 20,583
Options exercisable
Number of exercisable (in shares)													31,550,554
Weighted average intrinsic value													$ 12,933
Stock options
Options exercisable
Weighted average exercise price (in dollars per share)		$ 1.15
Number of shares
Balance at the beginning of the period (in shares)													70,502,943
Granted (in shares)	2,755,500		600,000	3,060,000	9,867,000	3,503,400	300,000	300,000	1,639,107	519,000	12,608,500	3,980,630	27,912,500
Exercised (in shares)													(18,583,733)
Cancelled (in shares)		(187,600)											(8,852,585)
Balance at the end of the period (in shares)						70,502,943							70,979,125
Exercisable, at the end of the period (in shares)													31,550,554
Vested and expected to vest, at the end of the period (in shares)													39,428,571
Weighted average exercise price
Balance at the beginning of the period (in dollars per share)													$ 0.71
Granted (in dollars per share)	$ 0.94		$ 1.087	$ 0.95	$ 0.983	$ 1.1	$ 1.486	$ 2.03	$ 1.1	$ 1.76	$ 1.2	$ 1.80	0.57
Exercised (in dollars per share)													0.22
Cancelled (in dollars per share)													0.85
Balance at the end of the period (in dollars per share)						$ 0.71							0.77
Exercisable, at the end of the period (in dollars per share)													0.66
Vested and expected to vest, at the end of the period (in dollars per share)													0.85
Weighted average grant date fair value
Granted (in dollars per share)													1.11
Exercised (in dollars per share)													0.14
Cancelled (in dollars per share)													0.92
Balance at the end of the period (in dollars per share)													0.86
Range of exercise price from $0.08-$0.18
Information with respect to share options outstanding
Low end of range of exercise prices (in dollars per share)													0.08
High end of range of exercise prices (in dollars per share)													$ 0.18
Options outstanding
Number outstanding (in shares)													20,722,764
Weighted average remaining contractual life													6 years 10 months 10 days
Weighted average exercise price (in dollars per share)													$ 0.10
Weighted average intrinsic value													$ 19,053
Options exercisable
Number of exercisable (in shares)													13,086,703
Weighted average exercise price (in dollars per share)													$ 0.15
Weighted average remaining contractual life													5 years 6 months 4 days
Weighted average intrinsic value													$ 11,404
Range of exercise price from $0.2-$0.3
Information with respect to share options outstanding
Low end of range of exercise prices (in dollars per share)													$ 0.2
High end of range of exercise prices (in dollars per share)													$ 0.3
Options outstanding
Number outstanding (in shares)													1,043,880
Weighted average remaining contractual life													2 years 9 months 14 days
Weighted average exercise price (in dollars per share)													$ 0.23
Weighted average intrinsic value													$ 823
Options exercisable
Number of exercisable (in shares)													1,043,871
Weighted average exercise price (in dollars per share)													$ 0.23
Weighted average remaining contractual life													2 years 9 months 14 days
Weighted average intrinsic value													$ 822
Range of exercise price from $0.35-$0.38
Information with respect to share options outstanding
Low end of range of exercise prices (in dollars per share)													$ 0.35
High end of range of exercise prices (in dollars per share)													$ 0.38
Options outstanding
Number outstanding (in shares)													1,070,002
Weighted average remaining contractual life													3 years 9 months 11 days
Weighted average exercise price (in dollars per share)													$ 0.36
Weighted average intrinsic value													$ 707
Options exercisable
Number of exercisable (in shares)													1,069,992
Weighted average exercise price (in dollars per share)													$ 0.36
Weighted average remaining contractual life													3 years 9 months 11 days
Weighted average intrinsic value													$ 707
Range of exercise price from $1.1-$1.2
Information with respect to share options outstanding
Low end of range of exercise prices (in dollars per share)													$ 1.1
High end of range of exercise prices (in dollars per share)													$ 1.2
Options outstanding
Number outstanding (in shares)													48,142,479
Weighted average remaining contractual life													8 years 5 months 19 days
Weighted average exercise price (in dollars per share)													$ 1.07
Options exercisable
Number of exercisable (in shares)													16,349,988
Weighted average exercise price (in dollars per share)													$ 1.12
Weighted average remaining contractual life													7 years 11 months 1 day

SHARE-BASED COMPENSATION (Details 4) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended					8 Months Ended	12 Months Ended
	Oct. 25, 2013	Oct. 15, 2009	Mar. 31, 2013	Dec. 31, 2011	Sep. 30, 2011	May 31, 2011	Jan. 31, 2011	Oct. 31, 2010	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Other disclosures
Compensation expense									$ 14,437	$ 9,248	$ 4,606
Stock options
Unrecognized share-based compensation cost disclosure
Unrecognized share-based compensation expense relating to share options									$ 39,023
Weighted-average vesting period for recognition of unrecognized share-based compensation cost									2 years 9 months 25 days
Award vesting period							4 years	4 years
Award vesting percentage					25.00%		25.00%
Other disclosures
Compensation expense	$ 425
Expected weighted-average period for unrecognized compensation expense to be recognized									2 years 9 months 25 days
Stock options \| Awards vesting at each calendar month subsequent to first anniversary of the vesting commencement date through the end of the fourth year
Unrecognized share-based compensation cost disclosure
Award vesting percentage					75.00%
Nonvested restricted shares
Unrecognized share-based compensation cost disclosure
Awards granted (in shares)									168,000
Weighted number of nonvested restricted shares
Outstanding at the beginning of the period (in shares)									2,566,776
Granted (in shares)									168,000
Vested (in shares)									(887,799)
Forfeited (in shares)									(82,827)
Outstanding at the end of the period (in shares)									1,764,150	2,566,776
Weighted average fair value per ordinary share at the grant dates
Outstanding at the beginning of the period (in dollars per share)									$ 1.11
Granted (in dollars per share)									0.98
Vested (in dollars per share)									1.11
Forfeited (in dollars per share)									1.10
Outstanding at the end of the period (in dollars per share)									$ 1.10	$ 1.11
Modified stock options
Other disclosures
Compensation expense										$ 949
Share-based compensation from discontinued operations										0
Non-employee options
Other disclosures
Compensation expense									$ 721	694	662
Share-based compensation from discontinued operations									$ 0		0
2009 Plan \| Stock options
Unrecognized share-based compensation cost disclosure
Award vesting period		3 years
2009 Plan \| Nonvested restricted shares
Unrecognized share-based compensation cost disclosure
Weighted-average vesting period for recognition of unrecognized share-based compensation cost									2 years 1 month 6 days
Other disclosures
Compensation expense									$ 980	$ 955	$ 255
Unrecognized compensation expense									$ 1,849
Expected weighted-average period for unrecognized compensation expense to be recognized									2 years 1 month 6 days
2009 Plan \| Nonvested restricted shares \| Class A ordinary shares
Unrecognized share-based compensation cost disclosure
Awards granted (in shares)				3,750,000
Weighted number of nonvested restricted shares
Granted (in shares)				3,750,000
2009 Plan \| Nonvested restricted shares \| Class A ordinary shares \| Awards vesting from May 12, 2011
Unrecognized share-based compensation cost disclosure
Award vesting period						3 months
2009 Plan \| Nonvested restricted shares \| Class A ordinary shares \| Awards vesting on August 31, 2012
Unrecognized share-based compensation cost disclosure
Award vesting percentage					25.00%
2009 Plan \| Nonvested restricted shares \| Class A ordinary shares \| Awards vesting at the ending of each calendar month subsequent to September 1, 2012
Unrecognized share-based compensation cost disclosure
Award vesting percentage					75.00%
2009 Plan \| Nonvested restricted shares \| Class A ordinary shares \| Awards vesting on the first anniversary of the vesting commencement date as of October 26, 2012
Unrecognized share-based compensation cost disclosure
Award vesting percentage				25.00%
2009 Plan \| Nonvested restricted shares \| Class A ordinary shares \| Awards vesting at the 26th day of each calendar month subsequent to October 26, 2012
Unrecognized share-based compensation cost disclosure
Award vesting percentage				75.00%
2009 Plan \| Nonvested restricted shares \| Class A ordinary shares \| David Chao
Unrecognized share-based compensation cost disclosure
Awards granted (in shares)						18,000
Weighted number of nonvested restricted shares
Granted (in shares)						18,000
2009 Plan \| Nonvested restricted shares \| Class A ordinary shares \| Employee
Unrecognized share-based compensation cost disclosure
Awards granted (in shares)					60,000
Weighted number of nonvested restricted shares
Granted (in shares)					60,000
2011 Equity Incentive Plan \| Nonvested restricted shares \| Class A ordinary shares
Unrecognized share-based compensation cost disclosure
Awards granted (in shares)			168,000
Weighted number of nonvested restricted shares
Granted (in shares)			168,000
2011 Equity Incentive Plan \| Nonvested restricted shares \| Class A ordinary shares \| Awards vesting on the first anniversary of the vesting commencement date as of March 22, 2014
Unrecognized share-based compensation cost disclosure
Award vesting percentage			25.00%
2011 Equity Incentive Plan \| Nonvested restricted shares \| Class A ordinary shares \| Awards vesting at the 21st day of each calendar month subsequent to March 22, 2014
Unrecognized share-based compensation cost disclosure
Award vesting percentage			75.00%

SHARE-BASED COMPENSATION (Details 5) - USD ($) $ in Thousands		12 Months Ended
	Oct. 25, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Share-based compensation recorded by Group
Share-based compensation		$ 14,437	$ 9,248	$ 4,606
Income tax benefit recognized in the statements of operations for share-based compensation		0	0	0
Stock options
Share-based compensation recorded by Group
Share-based compensation	$ 425
Options and nonvested restricted shares
Share-based compensation recorded by Group
Share-based compensation expenses from continuing operations		15,489	10,615	5,269
Loss from the operations of the discontinued operations		649	282	254
Share-based compensation		16,138	10,897	5,523
Options and nonvested restricted shares \| Cost of revenues
Share-based compensation recorded by Group
Share-based compensation expenses from continuing operations		184
Options and nonvested restricted shares \| Selling and marketing
Share-based compensation recorded by Group
Share-based compensation expenses from continuing operations		328	524	414
Options and nonvested restricted shares \| Research and development
Share-based compensation recorded by Group
Share-based compensation expenses from continuing operations		982	1,580	1,628
Options and nonvested restricted shares \| General and administrative
Share-based compensation recorded by Group
Share-based compensation expenses from continuing operations		$ 13,995	$ 8,511	$ 3,227

EXCHANGE GAIN/LOSS FROM DUAL CURRENCY DEPOSITS / BANK OFFSHORE ACCOUNTS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) item	Dec. 31, 2012 USD ($) item	Dec. 31, 2011 USD ($)	Dec. 31, 2010
EXCHANGE GAIN/LOSS FROM DUAL CURRENCY DEPOSITS / BANK OFFSHORE ACCOUNTS
Gain (loss) recognized due to fluctuation of foreign exchange rates	$ 1,476	$ (1,769)	$ 7,753
DCDs
EXCHANGE GAIN/LOSS FROM DUAL CURRENCY DEPOSITS / BANK OFFSHORE ACCOUNTS
Number of contracts outstanding \| item	0	0
Gain (loss) recognized due to fluctuation of foreign exchange rates	$ 0	$ 0	$ 2,013
DCDs \| Minimum
EXCHANGE GAIN/LOSS FROM DUAL CURRENCY DEPOSITS / BANK OFFSHORE ACCOUNTS
Maturity period of deposits			7 days	7 days
DCDs \| Maximum
EXCHANGE GAIN/LOSS FROM DUAL CURRENCY DEPOSITS / BANK OFFSHORE ACCOUNTS
Maturity period of deposits			21 days	21 days
Bank offshore accounts
EXCHANGE GAIN/LOSS FROM DUAL CURRENCY DEPOSITS / BANK OFFSHORE ACCOUNTS
Gain (loss) recognized due to fluctuation of foreign exchange rates	$ 1,476	$ (1,769)

RELATED PARTY BALANCES AND TRANSACTIONS (Details) $ in Thousands	1 Months Ended			12 Months Ended
	Feb. 28, 2014 USD ($)	Sep. 30, 2012 USD ($)	Jul. 31, 2012 USD ($)	Dec. 31, 2013 USD ($) item	Dec. 31, 2012 USD ($) item	Dec. 31, 2011 USD ($)	Oct. 26, 2013 USD ($)
Details of related party balances and transactions
Amounts due from related parties				$ 62,411	$ 258
Amounts due from related parties, current				$ 62,411	$ 258
Subsidiaries of OPH, Gummy Inc. and Hu Lian, acted as collection agents of the Group \| item				2	2
Amounts due to related parties (in dollars)				$ 61,062	$ 77
Transactions with related parties for amount due from related parties				1,456	1,387	$ 1,121
Transactions with related parties for amount due to related parties				410	304	127
Purchases of Series 2012-A Senior Secured Refi Loan Notes					10,000
Purchases of Preferred Shares				20,000	55,155	46,599
Nuomi
Details of related party balances and transactions
Transactions with related parties for amount due from related parties							$ 74,825
Gummy Inc., subsidiary of Oak Pacific Holdings ("OPH")
Details of related party balances and transactions
Amounts due from related parties, current				21	20
Gummy Inc., subsidiary of Oak Pacific Holdings ("OPH") \| Third party payment collection service
Details of related party balances and transactions
Transactions with related parties for amount due from related parties					1	44
Beijing Qian Xiang Hu Lian Technology Development Co., Ltd., subsidiary of OPH
Details of related party balances and transactions
Amounts due from related parties, current				245	126
Beijing Qian Xiang Hu Lian Technology Development Co., Ltd., subsidiary of OPH \| Back office service
Details of related party balances and transactions
Transactions with related parties for amount due from related parties				128	270	341
Beijing Qian Xiang Hu Lian Technology Development Co., Ltd., subsidiary of OPH \| Internet service
Details of related party balances and transactions
Transactions with related parties for amount due to related parties						51
Softbank Payment Service Corporation ("SBPS"), an affiliate of SB Pan Pacific Corporation
Details of related party balances and transactions
Amounts due from related parties, current				108	112
Softbank Payment Service Corporation ("SBPS"), an affiliate of SB Pan Pacific Corporation \| Cash collection
Details of related party balances and transactions
Transactions with related parties for amount due from related parties				1,153	1,116
Nuomi Holdings Inc., equity investee of Renren, Inc
Details of related party balances and transactions
Amounts due from related parties, current				175
Amounts due to related parties (in dollars)				60,884
Nuomi Holdings Inc., equity investee of Renren, Inc \| Subsequent event
Details of related party balances and transactions
Repayment of promissory note	$ 60,884
Nuomi Holdings Inc., equity investee of Renren, Inc \| Nuomi
Details of related party balances and transactions
Amounts due from related parties, current				61,663			$ 74,825
Nuomi Holdings Inc., equity investee of Renren, Inc \| Professional fees
Details of related party balances and transactions
Transactions with related parties for amount due from related parties				175
Beijing Nuomi Wang Technology Development Co., Ltd., subsidiary of Nuomi Holdings Inc.
Details of related party balances and transactions
Amounts due from related parties, current				61,663
Qingting, equity investee of Renren, Inc
Details of related party balances and transactions
Amounts due from related parties, current				192
Amounts due to related parties (in dollars)				113
Qingting, equity investee of Renren, Inc \| Internet service
Details of related party balances and transactions
Transactions with related parties for amount due to related parties				111
Beautiful Legend Co., Ltd, majority shareholder of OPH
Details of related party balances and transactions
Amounts due from related parties, current				7
Beijing Wang Lu Technology Co., Ltd., subsidiary of OPH \| Third party payment collection service
Details of related party balances and transactions
Transactions with related parties for amount due from related parties						47
Mapbar, equity investee of the Group
Details of related party balances and transactions
Amounts due to related parties (in dollars)				65	77
Mapbar, equity investee of the Group \| Location-based service
Details of related party balances and transactions
Transactions with related parties for amount due to related parties				$ 299	304	76
SoFi \| Series B shares
Details of related party balances and transactions
Purchases of Preferred Shares		$ 49,000
SoFi Lending Corp. \| Series 2012-A Senior Secured Refi Loan Notes
Details of related party balances and transactions
Purchases of Series 2012-A Senior Secured Refi Loan Notes			$ 10,000
James Jian Liu, a director of the Company
Details of related party balances and transactions
Amounts due from related parties, non-current					16
Jing Yang, spouse of the CEO of the Company
Details of related party balances and transactions
Amounts due from related parties, non-current					$ 1,589
Sinoway International Education Group Limited, equity method investment of OPH \| Advertising service
Details of related party balances and transactions
Transactions with related parties for amount due from related parties						$ 689

SEGMENT INFORMATION (Details) $ in Thousands	12 Months Ended
SEGMENT INFORMATION (Details) $ in Thousands	Dec. 31, 2013 USD ($) item	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)
SEGMENT INFORMATION
Number of reportable segments \| item	2
SEGMENT INFORMATION
Net revenues	$ 156,691	$ 159,635	$ 111,510
Cost of revenues	(68,696)	(65,063)	(25,594)
Operating expenses	(201,655)	(158,757)	(91,052)
Operating income (loss)	(113,660)	(64,185)	(5,136)
Net income (loss) from continuing operations	(39,687)	(47,542)	66,048
Net income (loss) from discontinued operations	131,706	(216)	(720)
Net income (loss)	92,019	(47,758)	65,328
Total Assets	1,385,686	1,177,942
Renren
SEGMENT INFORMATION
Net revenues	71,218	70,180	69,608
Cost of revenues	(45,452)	(39,960)	(10,784)
Operating expenses	(132,706)	(119,943)	(64,075)
Operating income (loss)	(106,940)	(89,723)	(5,251)
Net income (loss) from continuing operations	(33,043)	(73,257)	65,977
Net income (loss) from discontinued operations	131,706	(216)	(720)
Net income (loss)	98,663	(73,473)	65,257
Total Assets	1,344,327	1,104,989
Games
SEGMENT INFORMATION
Net revenues	85,473	89,455	41,902
Cost of revenues	(23,244)	(25,103)	(14,810)
Operating expenses	(68,949)	(38,814)	(26,977)
Operating income (loss)	(6,720)	25,538	115
Net income (loss) from continuing operations	(6,644)	25,715	71
Net income (loss)	(6,644)	25,715	$ 71
Total Assets	41,359	72,953
Games \| Overseas game entities
SEGMENT INFORMATION
Net revenues	$ 2,368	$ 2,004

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net income (loss):
Income (loss) from continuing operations	$ (39,687)	$ (47,542)	$ 66,048
Income (loss) on discontinued operations, net of income taxes	103,328	(27,511)	(25,044)
Net income (loss)	63,641	(75,053)	41,004
Add: net loss attributable to noncontrolling interest	92	27	252
Net income (loss) attributable to Renren Inc.	$ 63,733	$ (75,026)	$ 41,256
Weighted average number of ordinary shares outstanding used in computing net income (loss) per ordinary share-basic	1,118,091,879	1,151,659,545	850,670,583
Incremental weighted average ordinary shares from assumed exercise of stock options using the treasury stock method	12,648,043		50,669,798
Weighted average number of ordinary shares outstanding used in computing net income (loss) per ordinary share-diluted	1,130,739,922	1,151,659,545	901,340,381
Net loss per ordinary share attributable to Renren Inc. shareholders - basic:
(Loss) income per ordinary share from continuing operations (in dollars per share)	$ (0.03)	$ (0.04)	$ 0.08
Income (loss) per ordinary share from discontinued operations (in dollars per share)	0.09	(0.02)	(0.03)
Basic (in dollars per share)	0.06	(0.07)	0.05
Net loss per ordinary share attributable to Renren Inc. shareholders - diluted:
(Loss) income per ordinary share from continuing operations (in dollars per share)	(0.03)	(0.04)	0.07
Income (loss) per ordinary share from discontinued operations (in dollars per share)	0.09	(0.02)	(0.03)
Diluted (in dollars per share)	$ 0.06	$ (0.07)	$ 0.05

COMMITMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
COMMITMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
COMMITMENTS
Rental expenses under operating leases from continuing operations	$ 34,941	$ 34,094	$ 16,493
Rental expenses under operating leases from discontinuing operations	2,299	$ 1,615	$ 881
Future minimum lease payments under operating leases
2014	25,763
2015	14,000
2016	791
Total	40,554
Capital commitments
Capital commitments for purchase of office property and equipment	$ 2,340

CONTINGENCY (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Government authority regulations for social commerce services
CONTINGENCY
Estimated tax liability on gross amount of sales relating to the social commerce services	$ 21,602	$ 10,196	$ 6,957

EMPLOYEE BENEFIT PLAN (Details) - USD ($) $ in Thousands	12 Months Ended
EMPLOYEE BENEFIT PLAN (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
EMPLOYEE BENEFIT PLAN
Provisions for employee benefits under government-mandated defined contribution plan from continuing operation	$ 22,829	$ 18,543	$ 9,263
Provisions for employee benefits under government-mandated defined contribution plan from discontinuing operations	$ 4,704	$ 3,181	$ 1,413

STATUTORY RESERVES (Details) - USD ($) $ in Thousands	12 Months Ended
STATUTORY RESERVES (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
STATUTORY RESERVES
Percentage of after-tax profits required to be allocated to general reserve	10.00%
General reserve as a percentage of registered capital up to which after-tax profit of PRC subsidiaries and VIEs shall be transferred	50.00%
Appropriation to statutory reserve	$ 0	$ 3,205	$ 912

RESTRICTED NET ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Restricted net assets
Restricted net assets	$ 264,399	$ 154,353
Aggregate amount of net assets of the relevant subsidiaries and VIEs in the Company, free of restriction from distribution	77,949	94,862
WFOE
Restricted net assets
Restricted net assets	229,522	127,256
VIEs
Restricted net assets
Restricted net assets	$ 34,877	$ 27,097

SUBSEQUENT EVENTS (Details) $ in Thousands, ¥ in Millions						1 Months Ended			12 Months Ended
SUBSEQUENT EVENTS (Details) $ in Thousands, ¥ in Millions	Apr. 14, 2014 USD ($) shares	Mar. 14, 2014 JPY (¥)	Jan. 22, 2014 USD ($)	Jan. 02, 2014 USD ($)	Nov. 18, 2011 USD ($)	Mar. 31, 2014 USD ($) shares	Mar. 31, 2014 JPY (¥) shares	Jan. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Mar. 24, 2014
Subsequent Events
Cash consideration paid for additional investment									$ 20,000	$ 55,155	$ 46,599
Total premium received/ cost									(1,999)
Total consideration to acquire investments									97,015	95,603
Available-for-sale:
Gross Purchase Cost									142,324	116,833
Sales of investments, Costs									63,190	78,116	35,580
Proceeds received									119,917	81,136	86,491
Derivative financial instrument
Sales of investments, Proceeds									959	1,297
Call option
Available-for-sale:
Proceeds received									959	1,297
Interest rate swaption
Subsequent Events
Total premium received/ cost									(1,999)
JMOOP
Subsequent Events
Cash consideration paid for additional investment					$ 20,000				20,000
Final dividend received									19,158
Total consideration to acquire investments									48,119	17,987
SoFi
Subsequent Events
Total consideration to acquire investments									44,673	47,776
Equity securities
Available-for-sale:
Gross Purchase Cost									77,506	54,557
Sales of investments, Costs									25,950	6,229	21,506
Proceeds received									81,456	6,097	72,390
Corporate bonds
Available-for-sale:
Gross Purchase Cost									64,818	62,276
Sales of investments, Costs									37,240	71,887	14,074
Proceeds received									$ 37,502	$ 73,742	$ 14,101
Subsequent event \| Call option
Derivative financial instrument
Gross Purchase Cost				$ 61,670
Sales of investments, Proceeds				55,554
Sales of investments, Costs				61,670
Gains (losses)				(6,116)
Subsequent event \| Interest rate swaption
Derivative financial instrument
Gross Purchase Cost				32,011
Subsequent event \| JMOOP
Subsequent Events
Cash consideration paid for additional investment								$ 40,000
Subsequent event \| Nuomi Inc
Subsequent Events
Equity stake sold (as a percent)			31.61%
Consideration received			$ 68,066
Final dividend received			$ 55,000
Subsequent event \| SoFi \| Series D preferred share
Subsequent Events
Cash consideration paid for additional investment						$ 20,789
Number of shares purchased \| shares						6,020,695	6,020,695
Equity interest acquired (as a percent)												25.96%
Subsequent event \| Loadstar \| Lianhe
Subsequent Events
Cash consideration paid for additional investment \| ¥							¥ 210.0
Equity interest acquired (as a percent)						33.33%	33.33%
Total consideration to acquire investments \| ¥		¥ 969.2
Purchase period from March 14, 2014		12 months
Subsequent event \| Loadstar \| Lianhe \| Maximum
Subsequent Events
Equity interest acquired (as a percent)		49.88%
Subsequent event \| Rise Corp \| Preferred Series A Shares \| Lianhe
Subsequent Events
Cash consideration paid for additional investment	$ 17,183
Number of shares purchased \| shares	7,856,395
Equity interest acquired (as a percent)	35.01%
Subsequent event \| Equity securities
Available-for-sale:
Gross Purchase Cost				100,104
Sales of investments, Proceeds				315,523
Sales of investments, Costs				161,792
Proceeds received				153,731
Subsequent event \| Corporate bonds
Available-for-sale:
Sales of investments, Proceeds				57,795
Sales of investments, Costs				57,712
Proceeds received				$ 83