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$ 128,595

$ 79,370

Accounts receivable (net of allowances of $2,839 and $2,856 as of December 31, 2016 and 2017, respectively)

47,253

30,390

Short-term investments

410

6,260

4,702

Financing receivable (net of allowances of $15,067 and $7,023 as of December 31, 2016 and 2017, respectively; including $73,549 and $78,485 from the Plans (i) as of December 31, 2016 and 2017, respectively)

^[1]

125,478

301,773

Prepaid expenses and other current assets

50,183

20,749

Amounts due from related parties

95,012

15,224

13,419

Total current assets

468,005

450,813

Long-term financing receivable (net of allowances of $47 and $nil as of December 31, 2016 and 2017, respectively)

330

29,532

28,666

Intangible assets, net

2,260

Accounts payable (including accounts payable of the consolidated VIEs without recourse to Renren Inc. of $5,423 and $19,476 as of December 31, 2016 and 2017, respectively)

101,937

Long-term investments

565,366

695,348

Other non-current assets

27,056

1,687

TOTAL ASSETS

1,194,164

1,176,844

Current liabilities:

20,046

5,561

Short-term debt (including short-term debt of the consolidated VIEs without recourse to Renren Inc. of $7,202 and $12,296 as of December 31, 2016 and 2017, respectively)

61,479

37,202

Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to Renren Inc. of $11,277 and $17,498 as of December 31, 2016 and 2017, respectively; including accrued expenses and other current liabilities of the Plans without recourse to Renren Inc. of $4 and $4 as of December 31, 2016 and 2017, respectively)

45,898

19,781

Payable to investors (including payable to investors of the consolidated VIEs without recourse to Renren Inc. of $182,810 and $7,153 as of December 31, 2016 and 2017, respectively; including payable to investors of the Plans without recourse to Renren Inc. of $141 and $64,087 as of December 31, 2016 and 2017, respectively)

142,689

182,951

Amounts due to related parties (including amount due to related parties of the consolidated VIEs without recourse to Renren Inc. of $222 and $7,013 as of December 31, 2016 and 2017, respectively)

17,746

10,914

Deferred revenue (including deferred revenue of the consolidated VIEs without recourse to Renren Inc. of $5,804 and $10,164 as of December 31, 2016 and 2017, respectively)

11,489

5,954

Income tax payable (including income tax payable of the consolidated VIEs without recourse to Renren Inc. of $7,163 and $10,380 as of December 31, 2016 and 2017, respectively)

12,652

7,860

Contingent consideration (Note 5) (including contingent consideration of the consolidated VIEs without recourse to Renren Inc. of $nil and $5,944 as of December 31, 2016 and 2017, respectively)

5,944

Long-term debt - current (including long-term debt - current of the consolidated VIEs without recourse to Renren Inc. of $nil and $nil as of December 31, 2016 and 2017, respectively)

52,604

Total current liabilities

370,547

270,223

Long-term liabilities:

Long-term debt (including long-term debt of the consolidated VIEs without recourse to Renren Inc. of $nil and $nil as of December 31, 2016 and 2017, respectively)

47,665

95,390

Long-term payable to investors (including long-term payable to investors of the Plans without recourse to Renren Inc. of $59,916 and $nil as of December 31, 2016 and 2017, respectively)

59,916

Long-term contingent consideration (Note 5) (including long-term contingent consideration of the consolidated VIEs without recourse to Renren Inc. of $nil and $60,850 as of December 31, 2016 and 2017, respectively)

60,850

Other non-current liabilities (including other non-current liabilities of the consolidated VIEs without recourse to Renren Inc. of $nil and $nil as of December 31, 2016 and 2017, respectively)

6,356

12,849

Total non-current liabilities

114,871

168,155

Additional paid-in capital

485,418

438,378

Commitments (Note 23)

Equity:

1,303,117

1,266,592

Accumulated deficit

(653,173)

(542,746)

Statutory reserves

6,712

Accumulated other comprehensive income

17,116

6,883

Total Renren Inc. shareholders' equity

674,804

738,466

Noncontrolling interest

33,942

Total equity

708,746

738,466

TOTAL LIABILITIES AND EQUITY

1,194,164

1,176,844

Class A ordinary shares [Member]

Equity:

Ordinary shares

727

720

Class B ordinary shares [Member]

Equity:

Ordinary shares

$ 305

[1]	The Company consolidated Shanghai Renren Finance Leasing Asset-Backed Special Plans (the "Plans"), see Note 1.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Accounts and notes receivable, allowances (in dollars)

$ 2,856

$ 2,839

Financing receivable, allowances (in dollars)

7,023

15,067

Allowances of long-term financing receivable

20,046

5,561

61,479

37,202

45,898

19,781

142,689

182,951

17,746

10,914

11,489

5,954

Long-term debt to investors

12,652

7,860

Long-term debt

47,665

95,390

59,916

Other non-current liabilities

6,356

12,849

Financing Receivable Net Current

^[1]

125,478

301,773

Business Combination, Contingent Consideration, Liability, Noncurrent

60,850

Long-term Debt, Current Maturities

52,604

Consolidated Assets Backed Financing Entities [Member]

Financing Receivable Net Current

64,087

141

78,485

73,549

Variable Interest Entity [Member]

19,476

5,423

12,296

7,202

17,498

11,277

7,153

182,810

7,013

222

10,164

5,804

Long-term debt to investors

10,380

7,163

Long-term debt

59,916

Other non-current liabilities

Financing Receivable Net Current

145

228,224

Business Combination, Contingent Consideration, Liability, Noncurrent

5,944

Long-term Debt, Current Maturities

Class A ordinary shares [Member]

Ordinary shares, par value (in dollars per share)

$ 0.001

Ordinary shares, shares authorized

3,000,000,000

Ordinary shares, shares issued

726,549,453

719,651,418

Ordinary shares, shares outstanding

726,549,453

719,651,418

Class B ordinary shares [Member]

Ordinary shares, par value (in dollars per share)

$ 0.001

Ordinary shares, shares authorized

500,000,000

Ordinary shares, shares issued

305,388,450

Ordinary shares, shares outstanding

305,388,450

[1]	The Company consolidated Shanghai Renren Finance Leasing Asset-Backed Special Plans (the "Plans"), see Note 1.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Net revenues:
Used car sales	$ 121,084
IVAS and others	51,749	34,047	32,507
Financing income	29,269	29,317	8,604
Total net revenues	202,102	63,364	41,111
Cost of revenues:
Used car sales	116,385
IVAS and others	39,038	26,059	30,083
Financing income	28,975	25,708	6,637
Total cost of revenues	184,398	51,767	36,720
Gross profit	17,704	11,597	4,391
Operating expenses:
Selling and marketing	28,954	21,276	30,502
Research and development	23,678	20,750	32,392
General and administrative	52,949	42,584	46,803
Total operating expenses	105,581	84,610	109,697
Loss from operations	(87,877)	(73,013)	(105,306)
Other (expenses) income	(1,369)	12,888	(7,058)
Interest income	2,029	919	2,190
Interest expenses	(10,185)	(12,439)	(2,041)
Realized (loss) gain on short-term investments	(100)	552	(98,112)
Realized gain on disposal of long-term investments	37,311
Impairment of long-term investments	(113,073)	(102,307)	(4,258)
Loss before provision of income tax and (loss) earnings in equity method investments and noncontrolling interest, net of tax	(173,264)	(173,400)	(214,585)
Income tax expenses	(4,479)	(2,470)	(3,124)
Loss before (loss) earnings in equity method investments and noncontrolling interest, net of tax	(177,743)	(175,870)	(217,709)
(Loss) earnings in equity method investments, net of tax	67,240	(18,183)	(5,468)
Loss from continuing operations	(110,503)	(194,053)	(223,177)
Discontinued operations:
Income from the operations of the discontinued operations, net of tax expenses of $944, $102 and $nil for the years ended December 31, 2015, 2016 and 2017, respectively		391	1,520
Gain on deconsolidation of subsidiaries, net of tax of $nil, $454 and $nil for the years ended December 31, 2015, 2016 and 2017, respectively		8,310
Income from discontinued operations, net of tax expenses of $944, $556 and $nil for the years ended December 31, 2015, 2016 and 2017, respectively	0	8,701	1,520
Net loss	(110,503)	(185,352)	(221,657)
Net loss attributable to the noncontrolling interest	76		1,529
Net loss from continuing operations attributable to Renren Inc.	(110,427)	(194,053)	(221,648)
Net income from discontinued operations attributable to Renren Inc.		8,701	1,520
Net loss attributable to Renren Inc.	$ (110,427)	$ (185,352)	$ (220,128)
Net loss per share from continuing operations attributable to Renren Inc. shareholders:
Basic (in dollars per share)	$ (0.11)	$ (0.19)	$ (0.22)
Diluted (in dollars per share)	(0.11)	(0.19)	(0.22)
Net income per share from discontinued operations attributable to Renren Inc. shareholders
Basic (in dollars per share)	0	0.01	0.00
Diluted (in dollars per share)	0	0.01	0.00
Net loss per share attributable to Renren Inc. shareholders:
Basic (in dollars per share)	(0.11)	(0.18)	(0.22)
Diluted (in dollars per share)	$ (0.11)	$ (0.18)	$ (0.22)
Weighted average number of shares used in calculating net loss per share from continuing operations attributable to Renren Inc. shareholders:
Basic (in shares)	1,028,537,406	1,022,664,396	1,019,378,556
Diluted (in shares)	1,028,537,406	1,022,664,396	1,019,378,556
Weighted average number of shares used in calculating net income per share from discontinued operations attributable to Renren Inc. shareholders:
Basic (in shares)	1,028,537,406	1,022,664,396	1,019,378,556
Diluted (in shares)	1,028,537,406	1,027,176,963	1,027,236,202

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
(Loss) income from the operations of the discontinued operations, tax (benefits) expenses	$ 0	$ 102	$ 944
Gain on deconsolidation of the subsidiaries, tax expense	0	454	0
Gain from discontinued operations, tax (benefits) expenses	$ 0	$ 556	$ 944

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

ORGANIZATION AND PRINCIPAL ACTIVITIES [Abstract]

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME [Abstract]
Net loss	$ (110,503)	$ (185,352)	$ (221,657)
Other comprehensive income (loss), net of tax:
Foreign currency translation	9,585	(10,994)	(7,777)
Net unrealized gain (loss) on available-for-sale investments, net of tax of $nil for the years ended December 31, 2015, 2016 and 2017, respectively	3,891	(18,518)	40,695
Transfer to statements of operations of realized gain on available-for-sale investments, net of tax of $nil for the years ended December 31, 2015, 2016 and 2017, respectively	(3,243)	(729)	(3,568)
Other comprehensive income (loss)	10,233	(30,241)	29,350
Comprehensive loss	(100,270)	(215,593)	(192,307)
Less: Comprehensive loss attributable to noncontrolling interest	76		1,529
Comprehensive loss attributable to Renren Inc.	$ (100,194)	$ (215,593)	$ (190,778)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Net unrealized gain on available-for-sale investments, tax
Transfer to statements of operations of realized gain on available-for-sale investments, tax

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Total Renren Inc.'s equity [Member]	Additional paid-in capital [Member]	Accumulated deficit [Member]	Statutory reserves [Member]	Accumulated other comprehensive income [Member]	Non-controlling interest [Member]	Class A ordinary shares [Member] Ordinary shares [Member]	Class B ordinary shares [Member] Ordinary shares [Member]
Balance at Dec. 31, 2014	$ 1,102,379	$ 1,102,638	$ 1,224,393	$ (137,266)	$ 6,712	$ 7,774	$ (259)	$ 720	$ 305
Balance (in shares) at Dec. 31, 2014								720,040,971	305,388,450
Increase (Decrease) in Shareholders' Equity
Stock-based compensation	28,241	28,241	28,241
Other comprehensive income (loss)	29,350	29,350				29,350
Net loss	(221,657)	(220,128)		(220,128)			(1,529)
Exercise of share option and restricted shares vesting	1,367	1,367	1,362					$ 5
Exercise of share option and restricted shares vesting (in shares)								5,236,230
Repurchase of ordinary shares	(10,292)	(10,292)	(10,281)					$ (11)
Repurchase of ordinary shares (in shares)								(10,912,110)
Purchase of noncontrolling interest in Jiehun China		119	119				(119)
Deconsolidation of Wanmen		(751)	(751)				751
Balance at Dec. 31, 2015	929,388	930,544	1,243,083	(357,394)	6,712	37,124	(1,156)	$ 714	$ 305
Balance (in shares) at Dec. 31, 2015								714,365,091	305,388,450
Increase (Decrease) in Shareholders' Equity
Stock-based compensation	23,544	23,544	23,544
Other comprehensive income (loss)	(30,241)	(30,241)				(30,241)
Net loss	(185,352)	(185,352)		(185,352)
Exercise of share option and restricted shares vesting	1,150	1,150	1,144					$ 6
Exercise of share option and restricted shares vesting (in shares)								5,286,327
Deconsolidation of Wanmen	(23)	(1,179)	(1,179)				1,156
Balance at Dec. 31, 2016	738,466	738,466	1,266,592	(542,746)	6,712	6,883		$ 720	$ 305
Balance (in shares) at Dec. 31, 2016								719,651,418	305,388,450
Increase (Decrease) in Shareholders' Equity
Stock-based compensation	28,016	28,016	28,016
Other comprehensive income (loss)	10,233	9,477				9,477	756
Noncontrolling interest arising from an acquisition	25,255	756	0	0	0	756	24,499	$ 0	$ 0
Capital contribution from non-controlling shareholder	16,717	7,954	7,954			0	8,763
Net loss	(110,503)	(110,427)		(110,427)			(76)
Exercise of share option and restricted shares vesting	562	562	555					$ 7
Exercise of share option and restricted shares vesting (in shares)								6,898,035
Balance at Dec. 31, 2017	$ 708,746	$ 674,804	$ 1,303,117	$ (653,173)	$ 6,712	$ 17,116	$ 33,942	$ 727	$ 305
Balance (in shares) at Dec. 31, 2017								726,549,453	305,388,450

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net loss	$ (110,503)	$ (185,352)	$ (221,657)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation expense	28,016	23,544	28,241
Gain on deconsolidation of subsidiaries	(1,825)	(12,895)
Loss (earnings) in equity method investments	(67,240)	18,183	4,943
Realized gain on disposal of long-term investments	(37,311)
Depreciation and amortization	2,029	2,678	8,935
Exchange loss on offshore accounts		4	174
Impairment on long-term investments	113,073	102,307	4,258
Loss on expiration of warrant		901
Interest income from long-term available-for-sale investment	(108)	(298)
Provision for doubtful accounts-accounts receivable	46	(205)	788
Provision for doubtful accounts- others	(39)	369	836
Provision for financing receivable losses	12,745	12,436	3,665
Write off of financing receivable	0	(119)
(Gain) loss on disposal of equipment	13	(95)	(988)
Loss (gain) on short-term investments and fair value change of derivatives	100	(552)	98,112
Realized gain on long-term available-for-sale investment		(729)
Fair value change of put option and liability-classified warrant	(195)	(105)	6,270
Fair value change of contingent consideration	2,545
Changes in operating assets and liabilities:
Accounts and notes receivable	2,116	(881)	7,613
Financing receivable	(321)	10	(217)
Prepaid expenses and other current assets	(20,842)	7,934	(22,788)
Inventory	(76,605)
Other non-current assets	434	490	19,313
Intercompany loan to Online Gaming (see Note 4)		7,500
Accounts payable	12,599	797	1,266
Amounts due from/to related parties	7,514	1,167	1,260
Accrued expenses and other current liabilities	8,576	2,037	1,090
Interest payable to investors	(4,048)	(531)	870
Deferred revenue	4,109	2,780	397
Other non-current liabilities	5,862	5,332	966
Income tax payable	4,296	2,288	(2,624)
Profit distribution received from Japan Macro			9,235
Net cash used in operating activities	(114,964)	(11,005)	(50,042)
Cash flows from investing activities:
Placement of restricted cash	(455,956)	(25,000)	(22,532)
Release of restricted cash	416,907	15,370	0
Decrease in term deposits	0		493,471
Proceeds from principal repayments of financing receivable	925,951	626,775	126,535
Payments to provide financing receivable	(748,725)	(799,174)	(289,041)
Proceeds from sale of trading securities	7,973	22,632	63,822
Proceeds from sale of available-for-sale securities	0		62,704
Proceeds from sale of derivative financial instruments			2,580
Proceeds from principal return on Series 2012-A Senior Secured Sofi Loan Notes ("SoFi Loan Note")		5,879	984
Proceeds from sale of equity method investments	94,604	18,460	94
Proceeds from sales of cost method investment	32,726
Proceeds from capital withdrawal from equity method investees	148	29,634	60,279
Dividend received from trading and available-for-sales securities			176
Purchase of trading securities	(7,653)	(19,702)	(67,986)
Purchase of available-for-sale securities		0	(29,833)
Purchase of derivative financial instruments		(264)	(101,409)
Purchase of equity method investments, call option and warrant	(4,940)	(16,331)	(225,885)
Purchase of cost method investments	(5,673)	(28,344)	(179,262)
Purchase of long-term available-for-sale investments	(3,000)	(6,150)	(132,957)
Proceeds from disposal of equipment	63	142	1,084
Purchases of equipment and property	(135)	(357)	(806)
Purchases of intangible assets			(386)
Settlement of put option		(7,000)
Cash disposed of from deconsolidation of subsidiaries	(1,179)	(6,176)
Acquisition of subsidiaries, net of cash acquired	(23,305)
Loan to a noncontrolling shareholder			(1,930)
Loan to related parties	(11,113)	(14,625)	(4,775)
Proceeds from repayment of related party loans	8,871	11,701	4,775
Loans to third parties	(2,220)	(4,518)	(21,898)
Proceeds from repayment of third party loans	892	3,765	13,212
Net cash (used in) provided by investing activities	224,236	(193,283)	(248,984)
Cash flows from financing activities:
Repurchase of ordinary shares			(10,292)
Proceeds from exercise of share options	262	1,430	1,231
Proceeds from investors	1,580,544	844,712	174,543
Payment to investors	(1,688,655)	(637,931)	(125,001)
Repayment of short-term borrowings	(24,060)	(108,292)
Repayment of long-term borrowings	(43,965)	(23,608)
Proceeds from short-term borrowings	65,859	39,072	107,134
Proceeds from long-term borrowings	26,639		130,885
Proceeds from loan provided by a related party	0	10,692
Placement of restricted cash	0		(100,000)
Release of restricted cash		100,000	0
Capital injection by noncontrolling shareholders	16,263		1,930
Net cash provided by (used in) financing activities	(67,113)	226,075	180,430
Net (decrease) increase in cash and cash equivalents	42,159	21,787	(118,596)
Cash and cash equivalents at beginning of year	79,370	60,837	183,025
Effect of exchange rate changes	7,066	(3,254)	(3,592)
Cash and cash equivalents at end of year	128,595	79,370	60,837
Supplemental schedule of cash flows information:
Interest paid	10,729	12,249	2,793
Income taxes paid	180	123	6,744
Schedule of non-cash activities:
Payable for acquisition of property, plant and equipments included in accrued expenses and other liabilities	6	3	43
Purchase of long-term available-for-sale investment through exchange of equity interest in a subsidiary		1,742
Acquisition of business settled by forgiveness of financing receivable	21,201
Acquisition of entity through settlement of long-term investments	5,787
Acquisition of entity through settlement of loan to a related party	200
Acquisition of equity method investment through settlement of loan from a related party		$ 4,905

ORGANIZATION AND PRINCIPAL ACTIVITIES

12 Months Ended

Dec. 31, 2017

ORGANIZATION AND PRINCIPAL ACTIVITIES

1.	ORGANIZATION AND PRINCIPAL ACTIVITIES

Renren Inc. was incorporated in the Cayman Islands. Through its social networking internet platform, the Company, its consolidated subsidiaries, variable interest entities ("VIEs") and VIEs' subsidiaries (collectively referred to as the "Company") were primarily engaged in the operation of its social networking internet platform ("SNS") through which it provides online advertising services and internet value-added services ("IVAS") as well as the operation of financial services platform to provide internet finance services. During the second half year of 2017, the Company, through the acquisition of a number of used car dealerships in China, also started the business of used car trading which represented a significant portion of its operations for the year ended December 31, 2017. Refer to Note 5 for further details.

During 2015, the Company reached a resolution to dispose of its online gaming business ("Online Gaming"), which was subsequently sold in March 2016. The disposal of Online Gaming represented a strategic shift and had a major effect on the Company’s result of operations. Accordingly, revenues and expenses and cash flows related to the Online Gaming entities have been reclassified in the accompanying consolidated financial statements as discontinued operations for all periods presented. The consolidated balance sheet as of December 31, 2015, consolidated statements of operations and consolidated statements of cash flows for the year ended December 31, 2015 have been adjusted to reflect this change.

Beginning with the fourth quarter of 2014, the Company launched Renren Fenqi platform (“Renren Fenqi”), a financial service platform which provides financing to college students in China for making purchases on e-commerce platforms. From the first quarter of 2015, the Company started to provide credit financing to used automobile dealers and apartment rental financing to individuals and apartment agents. Additionally, during 2015, the Company also launched Renren Licai (“Renren Licai”), a platform through which the Company identifies individual investors and transfers the creditors’ rights arising from aforementioned financing to individual investors. Additionally, in August 2017, the Company stopped accepting new funds from Renren Licai. In the first and second quarter of 2016, the Company stopped providing apartment rental financing to individuals and apartment agents, and financing to college students, respectively. As of December 31, 2017, the principal element of the Company's financing business is its financing to used automobile dealers.

On September 30, 2016, the Company announced a plan to spin off a newly formed subsidiary, Oak Pacific Investment (the "OPI") that would hold the online talent show business ("Woxiu") and most of its investments in minority stakes in privately held companies. On December 22, 2016, the Company formed a special committee to review the terms of the proposed transaction. Subsequently, the Company revised the plan to substitute Beijing Zhenzhong Interactive Information Technology Co., Ltd ("Zhenzhong", a subsidiary of one of the Company's VIEs) for Woxiu. On April 30, 2018, the Company announced that OPI will offer newly issued ordinary shares of OPI in a private placement to those shareholders of Renren as of the Record Date who satisfy all three of the following criteria: (1) the shareholder is an “accredited investor,” as such term is defined under the U.S. Securities Act of 1933, as amended, (2) the shareholder is a “qualified purchaser,” as such term is defined under the U.S. Investment Company Act of 1940, as amended, and (3) the shareholder is not a resident of a jurisdiction where the offering would be illegal. Additionally, the Company also announced a cash dividend payable by Renren to all shareholders other than those shareholders who waive the cash dividend in connection with the private placement described above. The amount of the cash dividend will depend on the results of the private placement but Renren expects the cash dividend to be between US$0.4831 and US$0.6096 per ordinary share of Renren. The cash dividend and the private placement are part of an integrated series of transactions designed to address concerns that Renren may be deemed to be an investment company within the meaning of the Investment Company Act. Upon the closing of the private placement, Renren will no longer hold any shares of OPI and OPI will be entirely owned by the purchasers in the private placement. Following the transaction, the Company will no longer hold any shares of OPI and OPI will be deconsolidated from the Company's consolidated financial statements. Additionally, the Company concluded that the disposal of OPI represents a non-prorata distribution of shares of OPI to selected shareholders combined with a cash dividend to the remaining shareholders. The Company expects to account for the disposal of OPI at fair value and will record the distribution of OPI to selected shareholders and the payment of cash to the others at fair value in its consolidated financial statements at the time the transaction takes place.

As of December 31, 2017, 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
Kaixin Auto Group (formerly named as Renren Wealth Inc.)	March 7, 2011	Cayman Islands		100	%	Investment holding
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		100	%	Investment holding
Renren Gongying Inc.	October 2, 2015	Cayman Islands		100	%	Investment holding
Renren Study Inc.	April 5, 2012	Cayman Islands		100	%	Investment holding
Renren Finance, Inc.	December 15, 2014	Cayman Islands		100	%	Internet business
Renren CRSP Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren CHYP Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren PLML Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren KURY Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren ONER Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren BLCR Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren ZHCH Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren LSTAR Holdings Inc.	October 17, 2016	Cayman Islands		100	%	Investment holding
Renren CHRYPH Holdings Inc.	October 31, 2016	Cayman Islands		100	%	Investment holding
Renren SF Holdings Inc.	January 9, 2017	Cayman Islands		100	%	Investment holding
Oak Pacific Investment	September 14, 2017	Cayman Islands		100	%	Investment holding
Jet Sound Hong Kong Company Limited	May 7, 2011	Hong Kong		100	%	Investment holding
Renren Game Hong Kong Limited ("Game HK")	March 8, 2012	Hong Kong		100	%	Investment holding
Renren Giant Way Limited ("Renren Giant Way")	May 17, 2012	Hong Kong		100	%	Investment holding
Renren Lianhe (Hong Kong) Co. Limited.	May 16, 2016	Hong Kong		100	%	Investment holding
Renren Winday Company Limited.	July 26, 2016	Hong Kong		100	%	Investment holding
Renren Giantly Limited.	August 16, 2016	Hong Kong		100	%	Investment holding
Renren Gentle Height Company Limited.	December 7, 2016	Hong Kong		100	%	Investment holding
Chime Technologies, Inc.	September 7, 2012	USA		100	%	Internet business
Renren U.S. Holdco, Inc.	July, 2017	USA		100	%	Investment holding
Sindeo Inc.	July 3, 2017	USA		100	%	Internet business
Geographic Farming LLC	Auguest 24, 2017	USA		100	%	Internet business
Trucker Path Inc.	December 28, 2017	USA		100	%	Internet business
Qianxiang Shiji Technology Development (Beijing) Co., Ltd. ("Qianxiang Shiji")	March 21, 2005	PRC		100	%	Investment holding
Beijing Woxiu Information Technology Co. Ltd. ("Beijing Woxiu")	October 27, 2011	PRC		100	%	Investment holding
Beijing Jiexun Shiji Technology Development Co., Ltd. ("Jiexun Shiji")	April 26, 2012	PRC		100	%	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
Shanghai Renren Financial Leasing Co., Ltd	May 25, 2015	PRC		100	%	Internet business
Qianxiang Lianhe Technology Development (Beijing) Co., Ltd	November 12, 2016	PRC		100	%	Internet business
Shanghai Renren Automobile Technology Co., Ltd	August 18, 2017	PRC		100	%	Investment holding
Renren Zhenhan Technology Development (Beijing) Co., Ltd	November 13, 2017	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 Xiuxuan Brokers Co., Ltd.(“Guangzhou Xiuxuan”)	September 22, 2014	PRC		N/A		IVAS business
Beijing Qianxiang Yixin Technology Development Co., Ltd	September 1, 2016	PRC		N/A		Investment holding
Shanghai Qianxiang Changda Internet Information Technology Development Co., Ltd. ("Shanghai Changda")	October 25, 2010	PRC		N/A		Internet business
Shanghai Jieying Automobile Sales Co., Ltd. ("Shanghai Jieying")	Feburay 27, 2017	PRC		N/A		Automobile business

Subsidiaries of Variable Interest Entities:
Beijing Qianxiang Wangjing Technology Development Co., Ltd. ("Qianxiang Wangjing")	November 11, 2008	PRC		N/A		Internet business
Beijing Wole Shijie Information Technology Co., Ltd. ("Wole Shijie")	October 27, 2011	PRC		N/A		Technology development and service
Beijing Kirin Wings Technology Development Co., Ltd.	January 16, 2013	PRC		N/A		Internet business
Beijing Zhenzhong Hudong Information Technology Co., Ltd.	December 23, 2014	PRC		N/A		Internet business
Shanghai Wangjing Commercial Factoring Co., Ltd.	July 28, 2015	PRC		N/A		Factoring business
Beijing Jingwei Zhihui Information Technology Co., Ltd. (“Jingwei Zhihui”)	March 19, 2014	PRC		N/A		Internet business
Shanghai Wangjing Investment Management Co., Ltd.	April 20, 2015	PRC		N/A		Internet business
Shanghai Mumian Interactive Internet Information Service Co., Ltd.	June 16, 2016	PRC		N/A		IVAS business
Fenqi Winday Company Limited,	February 29, 2016	Hong Kong		N/A		Internet business
Guangzhou Qunge Information Technology Co., Ltd.	August 26, 2016	PRC		N/A		IVAS business
Tianjin Zhenzhong Interactive Information Technology Co., Ltd.	April 8, 2016	PRC		N/A		Investment holding
Beijing Qianxiang Wanxin Technology Development Co., Ltd.	November 18, 2016	PRC		N/A		Investment holding
Shanghai Heiguo Internet Information Technology Co., Ltd.	Feburary 27,2017	PRC		N/A		Investment holding
Renren (Tianjin) Insurance Broker Co,. Ltd.	August 24, 2017	PRC		N/A		Investment holding
Renren Zhencai Technology Development (Beijing) Co., Ltd.	December 15, 2017	PRC		N/A		Investment holding
Jieying Baolufeng Automobile Sales (Shenyang) Co., Ltd.	June 14, 2017	PRC		N/A		Automobile business
Chongqing Jieying Shangyue Automobile Sales Co., Ltd.	July 3, 2017	PRC		N/A		Automobile business
Jiangsu Jieying Ruineng Automobile Sales Co., Ltd.	May 16, 2017	PRC		N/A		Automobile business
Dalian Yiche Jieying Automobile Sales Co., Ltd.	June 27, 2017	PRC		N/A		Automobile business
Henan Jieying Hengxin Automobile Sales Co., Ltd.	June 29, 2017	PRC		N/A		Automobile business
Shandong Jieying Huaqi Automobile Service Co., Ltd.	July 20, 2017	PRC		N/A		Automobile business
Neimenggu Jieying Kaihang Automobile Sales Co., Ltd.	July 14, 2017	PRC		N/A		Automobile business
Hangzhou Jieying Yifeng Automobile Sales Co., Ltd.	August 1, 2017	PRC		N/A		Automobile business
Jilin Jieying Taocheguan Automobile Sales Co., Ltd.	October 31, 2017	PRC		N/A		Automobile business
Suzhou Jieying Chemaishi Automobile Sales Co., Ltd.	October 27, 2017	PRC		N/A		Automobile business
Cangzhou Jieying Bole Automobile Sales Co., Ltd.	August 10, 2017	PRC		N/A		Automobile business
Shanghai Jieying Diyi Automobile Sales Co., Ltd.	October 19, 2017	PRC		N/A		Automobile business
Ningxia Jieying Xianzhi Automobile Sales Co., Ltd.	July 26, 2017	PRC		N/A		Automobile business
Wuhan Jieying Chimei Automobile Sales Co., Ltd.	November 20, 2017	PRC		N/A		Automobile business

The VIE arrangements

PRC regulations currently limit direct foreign ownership of business entities providing value-added telecommunications services, online advertising services 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 conducts substantially all of its businesses through the VIE Qianxiang Tiancheng as well as its respective subsidiaries. Prior to March 2016, the Company also conducted its business through a VIE Jingwei Zhihui, which became a wholly owned subsidiary of Qianxiang Tiancheng in March 2016. Qianxiang Tiancheng is mainly engaged in the provision of online advertising, IVAS and internet finance services. Jingwei Zhihui is mainly engaged in the provision of internet finance services. From June 2017, the Company also operates the used car trading business through a newly found VIE, Shanghai Jieying.

Qianxiang Shiji ("WFOE"), a wholly owned subsidiary of CIAC, and Shanghai Renren Automotive Technology Co., Ltd, or Shanghai Automotive ("WFOE"), a wholly owned subsidiary of Jet Sound Hong Kong Company Limited., 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 SB Pan Pacific Corporation 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 the consent from Mr. Joe Chen, who holds the most voting interests in the Company and is also the Company's chairman and CEO, 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 the 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 at the sole discretion of the Company, 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 and their subsidiaries hold the requisite licenses and permits necessary to conduct the Company's business under the current business arrangements.

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 will remain in force for ten years until December 22, 2020, 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 Qianxiang Shiji or Qianxiang Shiji issue a written notice to dismiss or replace nominee; and (ii) the business operations agreements among Qianxiang Shiji, Qianxiang Tiancheng and Qianxiang Tiancheng's shareholders terminate or expire. The power of attorney for Shanghai Jieying became effective on August 18, 2017 and will remain effective as long as Shanghai Jieying exist. The shareholders of Shanghai Jieying do not have the right to terminate or revoke the power of attorney without the prior written consent of Shanghai Automotive.

(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 the WFOEs provide a 30-day advance written notice to the VIEs and to each of the VIEs' shareholders requesting not to extend the term three months prior to the expiration dates of December 22, 2020 and August 17, 2027, respectively. Neither the VIEs nor any of the 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 WFOE's consent, the VIEs' shareholders shall not transfer, donate, pledge, or otherwise dispose their equity shareholdings in the 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 the 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 the 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 Shanghai Jieying acknowledged that certain equity interests of Shanghai Jieying, held by and registered in the name of his/her spouse would be disposed of pursuant to the loan agreement, equity option agreement and equity interest pledge agreement of which they were 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. The VIEs are not permitted to terminate the agreements prior to the expiration of the terms by December 22, 2020 and August 17, 2027, respectively, unless the WFOEs fail to comply with any of their obligations under this agreement and such breach makes the WFOEs unable to continue to perform the agreements.

(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 the 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 the WFOEs and each of the shareholders of the VIEs, the WFOEs 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 the VIEs to the WFOEs or their 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 the VIEs, and will be automatically extended for another ten years unless a written notice to the contrary is given by the WFOEs to the shareholders of the VIEs 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 VIEs and their 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 the WFOEs 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 the VIEs by the shareholders of the VIEs to another individual or legal entity designated by the WFOEs pursuant to the equity option agreement and no equity interests of the VIEs are held by such shareholders.

Risks in relation to the VIE structure

The Company and the Company's legal counsel believe that Qianxiang Shiji's and Shanghai Automotive'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 VIEs 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 gaming (discontinued after the Company's resolution to dispose of Online Gaming in 2015), online talent show, other internet value added services, used car trading business and internet finance services 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 the Company’s 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 the WFOEs 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 financial statement balances and amounts of the Company’s VIEs were included in the accompanying consolidated financial statements after elimination of intercompany balances and transactions between the offshore companies, WFOEs, VIEs and VIEs’ subsidiaries. As of December 31, 2016 and 2017, the balance of the amounts payable by the VIEs and their subsidiaries to the WFOEs related to the service fees were $ nil.

	As of December 31,
	2016		2017

Cash and cash equivalents	$	55,908	$	8,188
Restricted cash		288		51
Short-term investments		410		-
Accounts receivable, net		4,702		1,584
Financing receivable, net		228,224		145
Inventory		-		95,012
Prepaid expenses and other current assets		17,988		37,422
Amounts due from related parties		10,219		11,624

Total current assets		317,739		154,026

Long-term financing receivable, net		330		-
Property and equipment, net		1,058		507
Long-term investments		36,470		43,979
Goodwill		-		89,274
Other non-current assets		876		835

Total non-current assets		38,734		134,595

Total assets	$	356,473	$	288,621

Accounts payable	$	5,423	$	19,476
Short-term debt		7,202		12,296
Accrued expenses and other current liabilities		11,277		17,498
Payable to investors		182,810		7,153
Amounts due to related parties		222		7,013
Deferred revenue		5,804		10,164
Contingent consideration		-		5,944
Income tax payable		7,163		10,380

Total current liabilities		219,901		89,924

Long-term contingent consideration		-		60,850

Total non-current liabilities		-		60,850

Total liabilities	$	219,901	$	150,774

	Years ended December 31,
	2015		2016		2017

Net revenues	$	39,017	$	61,948	$	181,253
Loss from continuing operations	$	(68,991)	$	(31,997)	$	(42,245)
Income from discontinued operations	$	4,302	$	829	$	-

	Years ended December 31,
	2015		2016			2017

Net cash provided by (used in) operating activities	$	34,652	$	68,374	$	(146,911)
Net cash (used in) provided by investing activities	$	(102,061)	$	(187,621)	$	22,943
Net cash provided by financing activities	$	55,928	$	148,080	$	37,208

The VIEs contributed an aggregate of 94.9%, 97.8% and 89.7% of the consolidated net revenues for the years ended December 31, 2015, 2016 and 2017, respectively. As of the fiscal years ended December 31, 2016 and 2017, the VIEs accounted for an aggregate of 30.3% and 24.2%, respectively, of the consolidated total assets, and 50.2% and 31.1%, respectively, of the consolidated total liabilities. The assets not associated with the VIEs primarily consist of cash and cash equivalents 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 26 for disclosure of restricted net assets.

Consolidated Plans

In January 2016 and September 2016, the Company originated the issuance of two Shanghai Renren Finance Leasing Asset-Backed Special Plans, approximating $46.1 million (RMB299.8 million) and $78.5 million (RMB510.6 million), respectively. The Plans are collateralized by certain financing receivables arising from the Company's used car financing business. The plan will expire by the end of May 2018.

The Plans consist of three tranches: AAA-rated senior securities (covering 68.0% and 70.5% of the total securities issued, respectively) and AA-rated senior securities (covering 10.5% and 11.0% of the total securities issued, respectively) which were purchased by external investors, and subordinate securities (covering 21.5% and 18.5% of the total securities issued, respectively) held by the Company. The Company also provided a guarantee to secure the full repayment of the principal and interest of the external investors in the Plans.

The Company holds significant variable interests in the Plans through holding the subordinate securities and the guarantee provided, from which the Company has the right to receive benefits from the Plans that could potentially be significant to the Plans.

The Company also has power to direct the activities of the Plans that most significantly impact the economic performance of the Plans by making revolving purchases of underlying financing receivables and providing payment collection services from the underlying financing receivables.

Accordingly, the Company is considered the primary beneficiary of the Plans and has consolidated the Plans' assets, liabilities, results of operations, and cash flows in the accompanying consolidated financial statements.

The assets of the Plans are not available to creditors of the Company. In addition, the investors of the Plans have no recourse against the assets of the Company.

The following financial statement amounts and balances of the Plans were included in the accompanying consolidated financial statements after elimination of intercompany transactions and balances:

	As of December 31,
	2016		2017

Financing receivable, net	$	73,549	$	78,485

Total assets	$	73,549	$	78,485

Accrued expenses and other current liabilities	$	4	$	4
Payable to investors		141		64,087
Long-term payable to investors		59,916		-

Total liabilities	$	60,061	$	64,091

	Years ended December 31,
	2015		2016		2017

Net revenues		-		-		-
Net loss		-	$	375	$	91

	Years ended December 31,
	2015		2016		2017

Net cash provided by operating activities		-		-		-
Net cash provided by investing activities		-		-		-
Net cash provided by financing activities		-		-		-

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2017

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

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

Business combinations

Business combinations are recorded using the acquisition method of accounting. The Company elected to early adopt ASU 2017-01 “Business Combination (Topic 805): Clarifying the Definition of a Business” on January 1, 2017 and applied the new definition of a business prospectively for acquisitions made during the year ended December 31, 2017. Upon the early adoption of ASU 2017-01, a new screen is introduced to evaluate whether a transaction should be accounted for as an acquisition and/or disposal of a business versus assets. In order for a purchase to be considered an acquisition of a business, and receive business combination accounting treatment, the set of transferred assets and activities must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs. If substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, then the set of transferred assets and activities is not a business. The adoption of this standard requires future purchases to be evaluated under the new framework.

The purchase price of business acquisition is allocated to the tangible assets, liabilities, identifiable intangible assets acquired and non-controlling interest, if any, based on their estimated fair values as of the acquisition date. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses and restructuring costs are expensed as incurred.

Where the consideration in an acquisition includes contingent consideration and the payment of which depends on the achievement of certain specified conditions post-acquisition, 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.

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 financing receivable, allowance for doubtful accounts, share-based compensation, deferred tax valuation allowance, income taxes, impairment of goodwill and indefinite-lived intangible assets, fair value of derivative financial instruments and long-term available-for-sale investments, impairment of long-term and short-term investments, the price purchase allocation and the fair value of contingent consideration for business acquisition.

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand.

Restricted cash

Restricted cash primarily consists of cash deposits used to secure debt borrowings of the Company which is expected to be released in accordance with the debt agreement.

The restriction will lapse when the related debt agreement is paid off. The current portion of restricted cash represents cash deposited into bank accounts which is expected to be released within the next twelve months. The non-current portion of restricted cash represents cash deposited into bank accounts which is not expected to be released within the next twelve months. Non-current restricted cash is recorded in other non-current assets and amounted to $323 and $26,075 as of December 31, 2016 and 2017, respectively.

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 of marketable securities which is classified as trading, available-for-sale investments, and derivative financial instruments that are regarded as assets. The trading investments are reported at fair values with the changes in fair values of those investments recognized as gain or loss. The available-for-sale investments are reported at fair values with the unrealized gains or losses recorded as accumulated other comprehensive income in equity. The Company's derivative financial instruments are measured at fair value. The changes in fair values of those derivative instruments are recognized as gain or loss in the consolidated statements of operations.

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 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

Equity investment in common stock or in-substance common stock of an entity where the Company can exercise significant influence, but not control, is accounted for using the equity method. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock of the investee between 20% and 50%. Other factors, such as representation on the investee’s board of directors, voting rights and the impact of commercial arrangements are also considered in determining whether the equity method of accounting is appropriate. An investment in in-substance common stock is an investment in an entity that has risk and reward characteristics that are substantially similar to that entity’s common stock. The Company considers subordination, risks and rewards of ownership and obligation to transfer value when determining whether an investment in an entity is substantially similar to an investment in that entity’s common stock.

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 Company’s 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 equity investments in an investee that are not considered debt securities or equity securities that have readily determinable fair values and over which the Company neither has significant influence nor control, 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.

Available-for-sale investment

The Company’s investments in convertible redeemable preferred shares and convertible debt are classified as available-for-sale investments which are reported at fair value, with unrealized gains and losses recorded in accumulated other comprehensive income. The Company monitors the investments for OTTI by considering factors including, but not limited to, current economic and market conditions, the operating performance of the investees including current earnings trends, the Company’s intent and ability to hold the investment as well as other company-specific information. An impairment loss on the available-for-sale securities is recognized in the consolidated statements of operations and comprehensive income when the decline in value is determined to be other-than-temporary.

Accounts receivable and allowance for doubtful accounts

Accounts receivable represents those receivables derived in the ordinary course of business from continuing operations which mainly consists of IVAS. 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.

Financing receivable

Financing receivable represents receivables derived from the internet finance business. Financing receivable is recorded at amortized cost, reduced by a valuation allowance estimated as of the balance sheet date. The amortized cost of a financing receivable is equal to the unpaid principal balance, plus net deferred origination costs. Net deferred origination costs are comprised of certain direct origination costs, net of origination fees received. Origination fees include fees charged to the individuals or companies that increase the financing’s effective yield. Direct origination costs in excess of origination fees received are included in the financing receivable and amortized over the financing term using the effective interest method. Financing origination costs are limited to direct costs attributable to originating the financing, including commissions and personnel costs directly related to the time spent by those individuals performing activities related to the origination.

Due to limitations imposed by PRC laws and regulations, the Company appointed a senior management member (the “Intermediary”) to act as an intermediary to facilitate certain financing services for its internet finance business (the “Intermediary Business Model”). Under the Intermediary Business Model, each individual or company is arranged to sign the financing agreement with the Intermediary. The Company provides funds to the Intermediary to finance the individuals or companies in accordance with the financing agreement. Immediately upon signing a financing agreement with an individual or a company, the Intermediary then transfers all of the creditor’s rights arising from the financing agreement to the Company. Additionally, once investors are identified by the Company on Renren Licai, the Company transfers the underlying creditor’s rights to the investors through the Intermediary. The Company, through the Intermediary, agrees to repurchase the creditor's rights from the investors prior to or upon the maturity of the investment period therefore acting as a principal in the transaction.

Under the Intermediary Business Model, the Intermediary is acting as an agent for the Company. As noted above, the funds provided to the individuals and companies are obtained from the Company who further agrees to take all the risk arising from the potential breaches of agreement by the individuals or the companies receiving financing. Additionally, the Intermediary’s role is restricted to sign agreements with individuals and companies receiving financing, and investors and the Intermediary has no obligation to make any repayment to the investors once the creditors’ rights are transferred. As such, the Intermediary never puts his own funds at risk and bears no risk in the arrangement and is considered an agent.

In May 2016, the Company terminated all of its financing business conducted under the Intermediary Business Model. All subsequent financing has been performed by the Company.

Allowance for financing receivable

An allowance for financing receivable is established through periodic charges to the provision for financing receivable losses when the Company believes that the future collection of principal is unlikely. Subsequent recoveries, if any, are recorded as credits against the allowance. The Company evaluates the creditworthiness of its portfolio based on a pooled basis due to the composition of homogeneous financing with similar size and general credit risk characteristics for similar financing businesses. The Company considers the credit worthiness of the individuals and the companies receiving financing, aging of the outstanding financing receivable and other specific circumstances related to the financing when determining the allowance for financing receivable. The allowance is subjective as it requires material estimates including such factors as known and inherent risks in the financing portfolio, adverse situation that may affect the ability of the individuals and the companies receiving financing to repay and current economic conditions. Recovery of the carrying value of financing receivable is dependent to a great extent on conditions that are beyond the Company’s control.

Nonaccrual financing receivable

Financing income is calculated based on the contractual rate of the financing and recorded as financing income over the life of the financing using the effective interest method. Financing receivables are placed on non-accrual status upon reaching 90 days past due for these arising from financing for installment sales and apartment rental financing, or when reasonable doubt exists as to the full, timely collection of the financing receivable. When a financing receivable is placed on non-accrual status, the Company stops accruing financing income. Financing receivable is returned to accrual status if the related individual or company has performed in accordance with the contractual terms for a reasonable period of time and, in the Company’s judgment, will continue to make period principal and financing income payments as scheduled. The Company writes off its nonaccrual financing receivable by considering factors including (i) death of the borrower; or (ii) its inability to reach the borrower.

Transfer of financial instruments

Sales and transfers of financial instruments are accounted under authoritative guidance for the transfers and servicing of financial assets and extinguishment of liabilities.

Through the peer-to-peer platforms and the Plans, the Company identifies individual investors and transfers creditors’ rights originated from the aforementioned financing services to the individual investors. The Company further offers different investment periods to investors with various annual interest rates while those credit rights are held by the investors. The term of the sales require the Company to repurchase those creditors’ rights from investors prior to or upon the maturity of the investment period. As a result, the sales of those creditors’ rights are not accounted for as a sale and remain on the consolidated balance sheet and are recorded as payable to investors in the Company’s consolidated balance sheet.

Inventory

Inventory consists of purchased used cars. The vehicle reconditioning costs and other incremental costs are capitalized as a component of inventory. Inventory is stated at the lower of cost or net realizable value. Inventory cost is determined by specific identification. Net realizable value is the estimated selling price less costs to complete, dispose and transport the vehicles. Selling prices are derived from historical data and trends, such as sales price and inventory turn times of similar vehicles, as well as independent, market resources. Each reporting period the Company recognizes any necessary adjustments to reflect vehicle inventory at the lower of cost or net realizable value through cost of sales in the accompanying consolidated statements of operations.

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

Intangible assets with indefinite lives

Intangible assets with indefinite lives mainly include trademark and licenses. If an intangible asset is determined to have an indefinite life, it is 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 comparing 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, 2015, 2016 and 2017, the Company did not record impairment loss for indefinite-lived intangible assets.

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 using the straight-line 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 undiscounted 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 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. For the years ended December 31, 2015, 2016 and 2017, the Company did not record impairment loss for long-lived assets and intangible assets with definite lives.

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. The Company has an option to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. In the qualitative assessment, the Company considers primary factors such as industry and market considerations, overall financial performance of the reporting unit, and other specific information related to the operations. Based on the qualitative assessment, if it is more likely than not that the fair value of each reporting unit is less than the carrying amount, the quantitative impairment test is performed.

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.

In performing the two-step quantitative 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. The Company did not record impairment charges of goodwill for the years ended December 31, 2015, 2016 and 2017, respectively.

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. The Company's revenues include revenue from its used car sales, revenue from advertising and IVAS as well as revenue related to its finance services.

Used car sales

Revenue from used car sales is recognized when a sales contract has been executed, the vehicle has been delivered, and payment has been received or financing has been arranged. The Company purchases used cars from unrelated individuals or dealerships and sells them directly to customers through its local dealer shops.

IVAS and others

IVAS and others revenue mainly include revenues from online advertising and revenue from live streaming services.

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. Revenue related to online advertising services amounted to $9,721, $1,653 and $348 during the years ended December 31, 2015, 2016 and 2017.

Live streaming revenue

The Company generates live streaming revenue from both "Woxiu" and Renren mobile live streaming.

"Woxiu", which translates into "a show of your own" in Chinese, is a virtual stage the Company initially offered on the 56.com platform and then on the “Woxiu” platform after the completion of the disposition of 56.com. On "Woxiu", 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 on the platform with virtual currencies to show support to the performers. In the second quarter of 2016, the Company also launched its live streaming service on its Renren mobile terminal.

For both "Woxiu" and Renren mobile live streaming, the amount of virtual currencies consumed is maintained by the Company’s operating system and will be automatically deducted from users' accounts when the virtual currencies are used. Revenue is recognized monthly based on the virtual currencies consumed. The Company pays the performers a certain percentage of the virtual currencies consumed. The Company recognizes total revenue on a gross basis, and the commission paid to performers is recorded as cost of revenues. The Company calculates the amount of revenues recognized for each unit of virtual currency consumed using a moving weighted average method by dividing the total cumulative unrecognized deferred revenues by total unconsumed virtual currency. Revenue related to live streaming services amounted to $15,404, $17,898 and $32,341 during the years ended December 31, 2015, 2016 and 2017.

Internet finance services

During the year ended December 31, 2017, the Company generates revenue from its internet finance services business primarily through financing provided to used car dealers. Additionally, the Company also provided credit financing to college students on Renren Fenqi as well as apartment rental financing during the years ended December 31, 2015 and 2016. Both of those services were terminated in May 2016 and January 2016, respectively. The Company records financing income and service fees related to those services over the life of the underlying financing using the effective interest method on unpaid principal amounts. The service fees collected upfront, as well as the direct origination costs for the financing, are deferred and recognized as financing income as an adjustment to the yield on a straight line basis over the life of the portfolio financing.

Used car financing

The Company provides short-term financing services to used car dealers to fund the car dealers’ cash needs for used car purchasing. The financing period is no more than six months and is secured by a pledge of the dealers' used car with total value exceeding the principal of the financing. The Company charges an upfront service fee as well as financing income on a monthly basis. Revenue related to used car financing services amounted to $2,754, $17,854 and $25,399 during the years ended December 31, 2015, 2016 and 2017. The remaining financing income in the respective periods related to crediting financing provided to college students as well as apartment rental financing, both of which were terminated during the year ended December 31, 2016 as discussed in the preceeding paragraph.

Online game revenues

The Company generates revenues from the provision of online game, primarily web-based online game services. The online game revenues were generally recognized ratably over the estimated average playing period of paying players for each applicable game. During 2015, the Company reached a resolution to dispose of the Online Gaming; the disposal was completed in March 2016. As such, online gaming revenues is included in discontinued operations during the years ended December 31, 2015 and 2016. The Company did not generate any revenue related to its online gaming during the year ended December 31, 2017. See Note 4 for further details.

Cost of revenues

Cost of revenues consists of costs directly related to used car sales, online advertising and IVAS business as well as costs incurred related to the internet financing operations which mostly include interest expenses paid to investors on Renren Licai and interest paid for asset-backed securities. Cost of revenue also includes provision for loan loss which amounted to $3,665, $12,436 and $12,745 during the years ended December 31, 2015, 2016 and 2017, respectively.

Business taxes

The Company reports revenue net of business taxes. Business taxes deducted in arriving at net revenue during 2015, 2016 and 2017 were $25, $77 and $nil, respectively.

Value added taxes

VAT is also reported as a deduction to revenue when incurred and amounted to $1,217, $4,080 and $9,777 for the years ended December 31, 2015, 2016 and 2017, 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 accrued expense and other current liabilities on the 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 basis 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 Company adopted ASU 2015-17 Income Taxes (Topic 740) on January 1, 2017 and presented the deferred tax assets and liabilities as non-current in its consolidated balance sheet as of December 31, 2017. Prior periods were not retrospectively adjusted.

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, 2015, 2016 and 2017, respectively.

Financial instruments

Financial instruments include cash and cash equivalents, restricted cash, accounts receivable, financing receivable, amounts due from/to related parties, short-term investments, long-term financing receivable, long-term investments, accounts payable, short-term debt, payable to investors, long-term debt and liability-classified warrant. Refer to Note 18 for further details.

Research and development expenses

Research and development expenses are primarily incurred for development of new services, features and products for the Company's SNS, internet finance business, used car business, as well as to 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 the United States dollar ("US dollar"). The financial records of the Company's subsidiaries and VIEs located in the PRC and Hongkong are maintained in their local currencies, Renminbi ("RMB") and Hong Kong Dollar ("HKD"), 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 and HKD, 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 (loss) income.

Comprehensive loss

Comprehensive loss includes net loss, unrealized gain (loss) on short-term investments, long-term available-for-sale investments and foreign currency translation adjustments and is reported in the consolidated statements of comprehensive loss.

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 applicable vesting period. 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 options granted to employees with market conditions attached are measured at fair value on the grant date and are recognized as the compensation costs over the estimated requisite service period, regardless of whether the market condition has been met.

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 is accounted for as a modification of stock options. The Company calculates the 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 recognizes incremental compensation cost in the period the modification occurred. For unvested options, the Company recognizes, 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.

Loss per share

Basic loss per ordinary share is computed by dividing net 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. Potential ordinary shares in the diluted net loss per share computation are excluded in periods of losses from continuing operations as their effect would be anti-diluted.

Accounting pronouncements newly adopted

In November 2015, the FASB issued ASU 2015-17 Income Taxes (Topic 740) which changes how deferred taxes are classified on organizations’ balance sheets. The ASU eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. The amendments apply to all organizations that present a classified balance sheet. For public companies, the amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. This ASU may be applied prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company adopted this guidance on January 1, 2017 on a prospective basis. The adoption of this standard did not have a material impact on its consolidated financial statement.

In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718). The new guidance simplifies certain aspects related to income taxes, statement of cash flows, and forfeitures when accounting for share-based payment transactions. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. Certain of the amendments related to timing of the recognition of tax benefits and tax withholding requirements should be applied using a modified retrospective transition method. Amendments related to the presentation of the statement of cash flows should be applied retrospectively. All other provisions may be applied on a prospective or modified retrospective basis. The Company adopted of this guidance on January 1, 2017. The adoption of this standard did not have a material impact on its consolidated financial statement.

In March 2016, the FASB issued a new pronouncement ASU 2016-07, Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting, which affects all entities that have an investment that becomes qualified for the equity method of accounting as a result of an increase in the level of ownership interest or degree of influence. The amendments eliminate the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. The amendments require that an entity that has an available-for-sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Earlier application is permitted. The Company adopted this guidance on January 1, 2017. The adoption of this standard did not have a material impact on its consolidated financial statement.

In January, 2017, the FASB issued a new pronouncement, ASU 2017-01, which clarifies the definition of a business in ASC 805. The amendments in the ASU are intended to make application of the guidance more consistent and cost-efficient. The ASU narrows the definition of a business and provide a framework that gives entities a basis for making reasonable judgments about whether a transaction involves an asset or a business. Specifically, the ASU:

• Provides a “screen” for determining when a set is not a business.

• Specifies that if the screen’s threshold is not met, a set cannot be considered a business unless it includes an input and a substantive process that together significantly contribute to the ability to create outputs.

• Narrows the definition of the term “output” to be consistent with the description of outputs in ASC 606.

For public business entities, the ASU is effective for annual periods beginning after December 15, 2017, including interim periods therein. Early adoption is permitted. The ASU must be applied prospectively on or after the effective date. The Company early adopted this guidance on January 1, 2017 and applied it prospectively to all new acquisitions completed during the year ended December 31, 2017. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330), which modifies the accounting for inventory. Under this ASU, the measurement principle for inventory will change from lower of cost or market value to lower of cost and net realizable value. The ASU defines net realizable value as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, with early adoption permitted. The Company adopted this ASU on January 1, 2017 and measured inventory at the lowest of cost and net realizable value.

Recent accounting pronouncements not yet adopted

In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 requires revenue recognition to depict the transfer of goods or services to customers in an amount that reflects the consideration that a company expects to be entitled to in exchange for the goods or services. To achieve this principle, a company must apply five steps including identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when (or as) the company satisfies the performance obligations. Additional quantitative and qualitative disclosure to enhance the understanding about the nature, amount, timing, and uncertainty of revenue and cash flows is also required. ASU 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. In April 2016, the FASB issued ASU 2016-10, “Identifying Performance Obligations and Licensing” ASU 2016-10 clarifies the following two aspects of ASU 2014-09: identifying performance obligations and licensing implementation guidance. The effective date of ASU 2016-10 is the same as the effective date of ASU 2014-09.

The Company plans on adopting ASU 2014-09 using the modified retrospective method on January 1, 2018. Prior periods will not be retrospectively adjusted. The Company has substantially finalized its preliminary assessment of the new standard and concluded that revenue generated from internet finance services is explicitly excluded from the scope of the new standard as it represents revenue within the scope of ASC 310, Receivables, which is explicitly excluded from the scope of ASC 606. Accordingly, the Company has concluded that the fees related to its internet finance services will not be effected by the adoption of ASC 606. Additionally, the Company has preliminarily concluded that the impact of ASC 606 to its IVAS and used car sales business will not be material to its consolidated financial statements. However, the Company believes that certain financial statements disclosure requirements are mandated by the new standard including disclosure of contract assets and contract liabilities as well as disaggregated view of revenue.

In January, 2016, the FASB issued a new pronouncement ASU 2016-01, “Financial Instruments–Overall”, which is intended to improve the recognition and measurement of financial instruments. The ASU affects public and private companies, not-for-profit organizations, and employee benefit plans that hold financial assets or owe financial liabilities.

The new guidance makes targeted improvements to existing US GAAP by:

Requiring equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income;

Requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes;

Requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements;

Eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities;

Eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and

Requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments.

The new guidance is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The new guidance permits early adoption of the own credit provision. Adoption of the amendment must be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, except for amendments related to equity instruments that do not have readily determinable fair values which should be applied prospectively. The Company is in the process of evaluating the impact of adoption of this guidance on its consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The guidance supersedes existing guidance on accounting for leases with the main difference being that operating leases are to be recorded in the statement of financial position as right-of-use assets and lease liabilities, initially measured at the present value of the lease payments. For operating leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities. For public business entities, the guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the guidance is permitted. In transition, entities are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company is currently evaluating the impact on its consolidated financial statements of adopting this guidance, but expects that most existing operating lease commitments will be recognized as operating lease obligations and right-of-use assets as a result of this adoption.

In June 2016, the FASB issued a new pronouncement ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU is effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact on its consolidated financial statements of adopting this guidance.

In August 2016, the FASB issued a new pronouncement ASU 2016-15, which amends the guidance in ASC 230 on the classification of certain cash receipts and payments in the statement of cash flows. The primary purpose of the ASU is to reduce the diversity in practice that has resulted from the lack of consistent principles on this topic. The ASU’s amendments add or clarify guidance on eight cash flow issues:

⋅

Debt prepayment or debt extinguishment costs.

⋅

Settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing.

⋅

Contingent consideration payments made after a business combination.

⋅

Proceeds from the settlement of insurance claims.

⋅

Proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies.

⋅

Distributions received from equity method investees.

⋅

Beneficial interests in securitization transactions.

⋅

Separately identifiable cash flows and application of the predominance principle.

For public business entities, the guidance in the ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted for all entities. Entities must apply the guidance retrospectively to all periods presented but may apply it prospectively from the earliest date practicable if retrospective application would be impracticable. The Company does not expect the adoption of this pronouncement will have a significant effect on its consolidated financial position or results of operations.

In November 2016, the FASB issued a new pronouncement, ASU 2016-18, which amends ASC 230 to add or clarify guidance on the classification and presentation of restricted cash in the statement of cash flows. Key requirements of the ASU are as follows:

An entity should include in its cash and cash-equivalent balances in the statement of cash flows those amounts that are deemed to be restricted cash and restricted cash equivalents. The ASU does not define the terms “restricted cash” and “restricted cash equivalents” but states that an entity should continue to provide appropriate disclosures about its accounting policies pertaining to restricted cash in accordance with other GAAP. The ASU also states that any change in accounting policy will need to be assessed under ASC 250.

A reconciliation between the statement of financial position and the statement of cash flows must be disclosed when the statement of financial position includes more than one line item for cash, cash equivalents, restricted cash, and restricted cash equivalents.

Changes in restricted cash and restricted cash equivalents that result from transfers between cash, cash equivalents, and restricted cash and restricted cash equivalents should not be presented as cash flow activities in the statement of cash flows.

An entity with a material balance of amounts generally described as restricted cash and restricted cash equivalents must disclose information about the nature of the restrictions.

For public business entities, the amendments are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The amendments should be applied using a retrospective transition method to each period presented. The Company plans to adopt this ASU in the first quarter of fiscal 2018. The adoption of this guidance will impact the presentation and classification of restricted cash in the Company’s consolidated statements of cash flow.

In January 2017, the FASB issued ASU 2017-04: Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. To simplify the subsequent measurement of goodwill, the Board eliminated Step 2 from the goodwill impairment test. Under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. An entity should apply the amendments in this Update on a prospective basis. An entity is required to disclose the nature of and reason for the change in accounting principle upon transition. A public business entity should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of this guidance will have a significant effect on the Company’s consolidated financial statements.

SIGNIFICANT RISKS AND UNCERTAINTIES

12 Months Ended

Dec. 31, 2017

SIGNIFICANT RISKS AND UNCERTAINTIES [Abstract]

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 $29,027 and $23,144 at December 31, 2016 and 2017, 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, financing 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 internet finance business, and requires collateral or other security from the customers for certain of the financing receivable as described in Note 7.

There were no customers that accounted for 10% or more of total net revenue for the years ended December 31, 2015, 2016 and 2017.

One customer accounted for 13% of the balance of accounts receivable as of December 31, 2016. No customers accounted for 10% or more of the balance of accounts receivable or financing receivable as of December 31, 2017.

DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2017

DISCONTINUED OPERATIONS [Abstract]

DISCONTINUED OPERATIONS

4.	DISCONTINUED OPERATIONS

Disposition of Online Gaming

On November 19, 2015, the Company reached a resolution to dispose of its Online Gaming which was subsequently sold in March 2016 for a gross consideration of $17,500, of which $7,500 was related to the repayment of intercompany loans provided by the Company to its Online Gaming business. The disposal of the Online Gaming represented a strategic shift and has a major effect on the Company’s result of operations. Accordingly, assets, liabilities, revenues and expenses and cash flows related to the Online Gaming entities have been reclassified in the accompanying consolidated financial statements as discontinued operations for all periods presented. Additionally, long-lived assets classified as held for sale as of December 31, 2015 were measured at the lower of their carrying amount or fair value less cost to sell.

From March 31, 2016, the Company no longer retained power of control over Online Gaming and accordingly deconsolidated the Online Gaming’s financial statement from the Company’s consolidated financial statements.

On March 31, 2016, the Company calculated a gain regarding such disposition as follows:

	As of
	March 31, 2016

The proceeds	$	17,500
Less: The repayment of intercompany loans provided by the Company		7,500

Net consideration		10,000

Less: Cash and cash equivalents		15,982
Prepaid expenses and other current assets		2,737
Property and equipment, net		194
Intangible assets, net		263
Other non-current assets		1,508
Accounts payable		(1,209)
Accrued expenses and other current liabilities		(7,062)
Amount due to the Company		(7,500)
Deferred revenue		(3,677)

Net assets of Online Gaming		1,236

Less: Tax expenses		454

Gain on deconsolidation of Online Gaming	$	8,310

The condensed cash flow of Online Gaming were as follows for the years ended December 31, 2015 and 2016:

	Years ended December 31,
	2015		2016

Net cash (used in) provided by operating activities	$	(10,164)	$	11,171
Net cash (used in) provided by investing activities	$	(1,304)	$	25

The operating results from discontinued operations included in the Company's consolidated statement of operations were as follows for the years ended December 31, 2015 and 2016.

	Years ended December 31,
	2015		2016
	Renren Games		Renren Games

Major classes of line items constituting pretax profit of discontinued operations
Net revenues	$	17,071	$	1,699
Cost of revenues		(9,426)		(871)
Selling, research and development, and general and administrative expenses		(6,362)		(485)
Other income that are not major		1,181		150
Income from the operations of the discontinued operations, before income tax		2,464		493
Income tax expenses		(944)		(102)
Income from the operations of the discontinued operations, net of tax		1,520		391

Gain on deconsolidation of the subsidiaries, net of tax		-		8,310

Gain from the discontinued operations, net of tax	$	1,520	$	8,701

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

BUSINESS ACQUISITION

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Business acquisition

5.	BUSINESS ACQUISITION

Acquisition of used car dealers

In the second half of 2017, in order to start and expand its business of used car trading, the Company completed the acquisitions of 14 unrelated used car dealerships. The acquired dealerships operate used car sales business in various cities across China.

Each acquisition, while negotiated independently, was structured in a similar manner. Specifically, Shanghai Jieying, a PRC subsidiary of the Company, initially purchased all car inventories from each dealership. The total consideration was $45,920, which was settled with a combination of cash paid by the Company amounting to $14,884 and a forgiveness of the financing receivable balances amounting to $21,201 related to financing previously provided to the dealership by the Company. The remaining balance was paid in cash in 2018. Subsequent to the car purchase, Shanghai Jieying and the shareholder of the existing car dealership (the "Seller") enter into an equity purchase agreement which requires the Seller to transfer majority interest of the dealership as follows:

(1)

The Seller agrees to set up a new entity to which it transfers the remaining eligible assets of the dealerships, employees, business contracts owned and leased by the existing dealership. In turn, Shanghai Jieying agrees to subscribe for 70% of the entity interest in this entity.

(2)

As consideration for the above transaction, Shanghai Jieying agrees to inject cash to the acquired dealership as well as to pay the Seller contingent consideration in the form of shares of Kaixin Auto Group ("Kaixin"), a Cayman subsidiary of the Company and the parent of Shanghai Jieying.

The cars purchase and acquisition of the dealership were accounted for as a single transaction.

The payment of the contingent consideration is contingent upon the successful listing of Kaixin as well as the performance of the acquired dealerships. The amount of consideration is measured based on the operating performance of the acquired dealerships both prior to and subsequent to the future initial public offering ("IPO") of Kaixin, and the number of shares expected to be issued will be calculated based on the IPO issuance price. Such contingent consideration includes two components that will require the Company to issue the shares at different times. The first issuance will be made upon the successful IPO of Kaixin and is calculated based on a percentage of the cumulative operating results of the acquired dealerships between the acquisition date and the date of the IPO. The second issuance will be made in five equal annual installments after the successful IPO of Kaixin and will be calculated based on a percentage of the trailing 12 months operating results of the acquired dealerships leading up to the successful IPO. The contingent issuance of shares is not dependent on whether the previous dealership owner remains employed with the Company.

The total purchase price of these 14 acquisitions consisted of a cash injection to the dealerships amounting to $17,580, of which $7,240 was paid as of December 31, 2017, and contingent consideration with a fair value of amounting to $66,794 which is recorded in contingent consideration on the consolidated balance sheet. Each acquisition was recorded using the acquisition method of accounting. Accordingly, the acquired assets and liabilities were recorded at their fair value at the date of acquisition. The purchase price allocation described below was based on a valuation analysis that utilized and considered generally accepted valuation methodologies such as the income, market and cost approach. The determination and allocation of fair values to the identifiable assets acquired, liabilities assumed and noncontrolling interests is based on various assumptions and valuation methodologies requiring considerable judgment from management. The most significant variables in these valuations are discount rates, terminal values, the number of years on which to base the cash flow projections, as well as the assumptions and estimates used to determine the cash inflows and outflows. We determine discount rates to be used based on the risk inherent in the related activity’s current business model and industry comparisons. Terminal values are based on the expected life of assets, forecasted life cycle and forecasted cash flows over that period.

Subsequent to the date of each acquisition, the Company re-measured the estimated fair values of the contingent consideration at each reporting date. For the year ended December 31, 2017, the Company recorded $2,601 in changes in fair value of contingent consideration in the Company's consolidated statements of operations as a result of the Company's re-measurement of the estimated fair value of the contingent consideration at the reporting date.

Acquisition of Shandong, Chongqing and Wuhan

On July 20, 2017, July 3, 2017, October 27, 2017, the Company entered into an equity purchase agreement (as described above) with Shandong, Chongqing and Wuhan for a total purchase price of $18,585, $10,112 and $7,284 respectively. Prior to the agreement, the Company purchased all the car inventories from the above dealerships amounting to $3,721, $2,791 and $8,786, respectively. The Company further paid an aggregate of $2,951 for the car inventory during the year ended December 31, 2017 and forgave an aggregate of $6,995 of financing receivable previously provided to those dealerships. The remaining balance was paid in cash in 2018. The allocation of the purchase prices for those three significant acquisitions as of the date of the acquisition are summarized as below:

	Shandong		Chongqing		Wuhan
Cash		-	$	2,727		-
Goodwill	$	26,550		11,719	$	10,405
NCI		7,965		4,334		3,121

The purchase price comprised of:
-cash consideration		-		818		-
-contingent consideration		18,585		9,294		7,284
Total	$	18,585	$	10,112	$	7,284

Other acquisitions of used car dealerships in 2017

During the second half of 2017, the Company further entered into separate equity purchase agreements (as described above) with an additional 11 individually insignificant car dealerships. Prior to the agreement, the Company purchased all the car inventories from each dealership amounting to $30,622. The Company paid an aggregate of $11,933 during the year ended December 31, 2017 and forgave an aggregate of $14,206 of financing receivable previously provided to those dealerships. The remaining balance was paid in 2018. The allocation of the purchase price for those insignificant acquisition is presented on a combined basis as follows:

	Other used car dealer acquisitions
Cash	$	1,270
Goodwill		38,317
NCI		11,876

The purchase price comprised of:
-cash consideration		381
-contingent consideration		27,330
Total	$	27,711

The goodwill is mainly attributable to intangible assets that cannot be recognized separately as identifiable assets under US GAAP, and comprise of (a) the assembled work force and (b) the expected but unidentifiable business growth as a result of the synergies resulting from these acquisitions.

The following information summarizes the results of operations attributable to the acquisitions included in the Company’s consolidated statement of operations since the acquisition date:

	Year ended December 31, 2017
	Shandong		Chongqing		Wuhan		Others

Net revenues	$	334	$	793		-	$	1,387

Net loss	$	(76)	$	(59)		-	$	(123)

Pro forma information of acquisitions

Supplementary pro-forma revenues and net earnings for the combined entity, as though the acquisition date for this business combination had been as of January 1, 2016 have not been included as it is impracticable since historical records of the used car dealerships are not available.

Acquisition of TruckerPath Inc.

In December 19, 2014, the Company invested and paid $11,500 to obtain 29% equity interests in TruckerPath Inc. to expand the business of value-added-service platform. The investment was initially recognized as an equity-method investment as the Company concluded that it had significant influence over the operations of TruckerPath Inc. In December 2017, the Company acquired an additional 71% equity interests in TruckerPath Inc. for a total consideration of $7,616. The acquisition resulted in the Company obtaining control of TruckerPath Inc. with an ownership of 100% equity interests.

The purchase price consists of the following:

	US$
Consideration	$	7,616
Fair value of the 29% equity interests:
Carrying amount		5,587
Gain on re-measurement of fair value of noncontrolling equity investment		(2,903)
Total	$	10,300

The Company recognized an investment gain of $2,903 in realized gain from investment as a result of remeasuring the 29% equity interests immediately to fair value before the business combination. The acquisition was recorded using the acquisition method of accounting. Accordingly, the acquired assets and liabilities were recorded at their fair value at the date of acquisition. The acquisition-date fair value of the equity interests held by the Company immediately prior to the acquisition date was measured at fair value using a discounted cash flow method and taking into account certain factors including the management projection of discounted future cash flow and an appropriate discount rate. The purchase price allocation described below was determined by the Company with the assistance of an independent valuation appraiser. The acquired net assets were recorded at their estimated fair values on the acquisition date. The goodwill is mainly attributable to intangible assets that cannot be recognized separately as identifiable assets under US GAAP, and comprise of (a) the assembled work force and (b) the expected but unidentifiable business growth as a result of the synergy resulting from the acquisition. The acquired goodwill is not deductible for tax purposes.

The purchase price was allocated as of December 28, 2017, the date of acquisition as follows:

			Amortization
	US$		period
Net working capital	$	139
Other current assets		5,016
Intangible assets
Customer relationship		610		3
Technology platform		325
Trade name		540		3
Goodwill		7,952
Other current liabilities		(4,282)

Total	$	10,300

Pro forma information of acquisitions

The following unaudited pro forma information summarizes the results of operations for the years ended December 31, 2016 and December 31, 2017 of the Company as if the acquisition had occurred on January 1, 2016. There were no material nonrecurring pro-forma adjustments incurred. The following pro forma financial information is not necessarily indicative of the results that would have occurred had the acquisition been completed at the beginning of the periods indicated, nor is it indicative of future operating results:

	For the years ended
	December 31, 2016		December 31, 2017

Pro forma net revenues	$	63,404	$	203,391
Pro forma net loss	$	(193,704)	$	(116,397)

Other acquisitions in 2017

In 2017, the Company acquired 100% equity interests in Sindeo Inc. ("Sindeo") and Geographic Farming LLC ("Geofarm"). The total consideration for these two acquisitions amounted to $4,326, which was paid in cash during 2017. The acquisition was recorded using the acquisition method of accounting, accordingly, the acquired assets and liabilities were recorded at their fair value at the date of acquisition. The Company recorded $3,251 and $1,460 of goodwill from the acquisition of Sindeo and Geofarm, respectively. Such acquisitions were not material to the Company's consolidated financial statements during the year ended December 31, 2017.

ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2017

ACCOUNTS AND NOTES RECEIVABLE [Abstract]

ACCOUNTS RECEIVABLE

6.	ACCOUNTS RECEIVABLE

Accounts receivable consists of the following:

	As of December 31,
	2016		2017

Accounts receivable	$	7,541	$	9,116
Allowance of doubtful accounts		(2,839)		(2,856)

Accounts receivable, net	$	4,702	$	6,260

Accounts receivable mainly represent amounts earned under advertising contracts and IVAS business at the respective balance sheet dates. These amounts become billable according to the contract term.

Movement of allowance for doubtful accounts is as follows:

	As of December 31,
	2015		2016		2017

Balance at beginning of year	$	2,946	$	3,252	$	2,839
Charge to expenses		788		(205)		46
Exchange difference		(482)		(208)		(29)

Balance at end of year	$	3,252	$	2,839	$	2,856

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.

PREPAID EXPENSES AND OTHER CURRENT ASSETS [Abstract]

FINANCING RECEIVABLE

12 Months Ended

Dec. 31, 2017

FINANCING RECEIVABLE [Abstract]

FINANCING RECEIVABLE

7.	FINANCING RECEIVABLE

Financing receivable consists of the following:

	As of December 31,
	2016		2017
Current financing receivable
Used car financing	$	277,684	$	129,018
Financing for installment sales		11,205		2,177
Other financing		27,775		1,306
Net deferred origination costs		176		-
Less allowance for financing receivable		(15,067)		(7,023)
Current financing receivable, net	$	301,773	$	125,478

Long-term financing receivable
Used car financing	$	53	$	8
Financing for installment sales		324		-
Less allowance for long-term financing receivable		(47)		-
Long-term financing receivable, net	$	330	$	8

Financing receivable mainly represent both the principal and financing income receivable associated with the respective financing services expected to be collected from the individuals or companies receiving financing under the internet finance business at the respective balance sheet dates.

Used car financing is secured with pledged assets, which are used cars with value not less than the financing receivable. Other financing includes financing receivable related to rental financing provided to individuals referred by rental agents as well as micro cash financing to college students.

The following table presents nonaccrual financing receivable as of December 31, 2016 and 2017, respectively.

	As of December 31,
	2016		2017

Used car financing	$	3,352	$	7,373
Financing for installment sales		6,817		2,051
Other financing		4,945		1,286
	$	15,114	$	10,710

The following table presents the aging of financing receivable as of December 31, 2017.

	0-90		over 90		total
	days		days		financing
	aging		aging		receivable

Used car financing	$	121,653	$	7,373	$	129,026
Financing for installment sales		229		1,948		2,177
Other financing		138		1,168		1,306
	$	122,020	$	10,489	$	132,509

As of December 31, 2017, a total of $10,021 and $10,489 of financing receivables are past due and are respectively reflected in the 0-90 days aging and over 90 days aging table above.

The following table presents the aging of financing receivable as of December 31, 2016.

	0-90		over 90		total
	days		days		financing
	aging		aging		receivable

Used car financing	$	275,007	$	2,730	$	277,737
Financing for installment sales		4,712		6,817		11,529
Other financing		23,734		4,041		27,775
	$	303,453	$	13,588	$	317,041

Movement of allowance for financing receivable is as follows:

	As of December 31,
	2015		2016		2017

Balance at beginning of year	$	-	$	(3,583)	$	(15,114)
Charge to cost of revenues		(3,665)		(12,436)		(12,745)
Write off of financing receivable		-		119		22,178
Exchange difference		82		786		(1,342)

Balance at end of year	$	(3,583)	$	(15,114)	$	(7,023)

For the years ended December 31, 2015, 2016 and 2017, the Company considered loan principal and financing income receivables meeting any of the following conditions as uncollectible and has further written them off: (i) death of the borrower; or (ii) unable to reach the borrower. The Company outsourced almost all of its collection effort to third-party collection agencies.

PREPAID EXPENSES AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2017

PREPAID EXPENSES AND OTHER CURRENT ASSETS

8.	PREPAID EXPENSES AND OTHER CURRENT ASSETS

		As of December 31,
	Note	2016		2017

Advances to third parties	(i)	$	721	$	14,457
Prepaid expenses			2,341		3,925
Deposits			4,259		4,308
Loan to third parties			1,261		2,720
Funds receivable	(ii)		4,495		3,880
Receivable from brokers	(iii)		5,853		-
Disposal of Mapbar Technology Limited (”Mapbar”)			-		4,585
Disposal of online wealth management business			-		3,482
Other receivable	(iv)		-		4,209
Other current assets			1,819		8,617

Total		$	20,749	$	50,183

(i)

Advances to third parties represents cash advanced to third party dealerships. Specifically, the Company acts as an agent and assists other dealerships in the sale of their cars by allowing them to move their cars to the Company's own lot and as an exchange, pays those third party dealerships an advance amounting to the value of the car. The Company subsequently agrees to market those cars and if successfully sold, receives a commission from those third party dealerships. The Company does not take title to the cars and merely acts as an agent. The advance is subsequently settled either (1) when the car is sold by the Company or (2) if the car is not sold, the cash is remitted back to the Company by the third party dealership. The balance was substantially collected after year-end and the commission earned from the above arrangements is immaterial for the year ended December 31, 2017.

(ii)

Funds receivable mainly represents balances paid by individuals for repayments of financing on Renren Fenqi as well as amounts paid by investors for investments made on Renren Licai that are held at a third party electronic payment service provider as of December 31, 2016 and 2017. The balances were collected subsequent to year-end.

(iii)

Receivable from brokers represents cash provided to brokers who hold the cash on behalf of the Company. The cash has not been used to purchase any securities and accordingly is recorded as a receivable. During the year ended December 31, 2017, the Company sold all its short-term securities and received the entire receivable back from the brokers.

(iv)

Other receivable represents cash advanced to customers of third party dealerships for purchase of cars for which loans were approved by a bank but for which the customers has not yet received the cash. The amount was subsequently collected by the Company after year-end.

SHORT-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2017

SHORT-TERM INVESTMENTS1

SHORT-TERM INVESTMENTS

9.	SHORT-TERM INVESTMENTS

Short-term investments comprise of marketable securities which are classified as trading and available-for-sale, and derivative financial instruments that are regarded as assets.

Trading securities

During the years ended December 31, 2016 and 2017, the Company purchased and sold serveral trading securities and recorded $577 of gain and $100 of loss in the consolidated statements of operations. As of December 31, 2017, the Company did not hold any trading securities.

Available-for-sale securities

During the year ended December 31, 2015, the Company sold all short-term available-for-sale securities with initial costs of $ 59,136 for total proceeds of $62,704 and recorded $3,568 of realized gain in the consolidated statements of operations. For the purpose of determing gross realized gains or losses, the initial cost of securities sold was based on specific identification. During the years ended December 31, 2016 and 2017, the Company did not make any investments in short-term availabale-for-sale securities.

Derivative financial instruments

The Company used derivative financial instruments in the forms of interest rate swap contracts, interest rate swaption contracts and a series of equity contracts and included these derivative instruments in its trading portfolio.

Such derivative instruments were not designated or qualified as hedging instruments, and accordingly were accounted for by fair value at each period end through the statement of operations.

As of December 31, 2016 and 2017, the Company did not hold any derivative financial instruments. The Company recorded a realized loss of $100,644, mostly related to H-Share Index and FXI UP call options, during the year ended December 31, 2015. The realized gain or losses were insignificant for the years ended 2016 and 2017.

LONG-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2017

LONG-TERM INVESTMENTS [Abstract]

LONG-TERM INVESTMENTS

10.

LONG-TERM INVESTMENTS

		As of December 31,
	Note	2016		2017

Equity method investments:
Social Finance Inc. ("SoFi")	(i)	$	231,952	$	208,694
Eall (Tianjin) Network Technology Co., Ltd. ("Eall Network")	(xiii)		18,137		18,458
Golden Axe	(ii)		16,243		14,268
Others	(iii)		91,394		77,391

Total equity method investments			357,726		318,811

Cost method investments:
Hylink Advertising Co., Ltd. ("Hylink")	(iv)		2,161		-
StoreDot Ltd. ("StoreDot")	(v)		10,001		10,001
GoGo Tech Holdings Limited ("GoGo")	(vi)		11,127		11,127
Motif Investing Inc. ("Motif")	(vii)		7,700		5,475
LendingHome Corporation ("LendingHome")	(viii)		65,843		65,843
Credit Shop Inc. ("Credit Shop")	(ix)		35,000		-
Eunke Technology Ltd. ("Eunke")	(x)		25,000		13,438
Others	(xi)		37,605		38,913

Total cost method investments			194,437		144,797

Available-for-sale investments:
Snowball Finance Inc. ("Snowball")	(xii)		36,337		26,070
Eall Technology Limited ("Eall")	(xiii)		2,892		2,892
268V Limited	(xiv)		24,170		12,207
Omni Prime Inc. ("Omni")	(xv)		27,053		27,637
Zhu Chao Holding Company Limited ("Zhu Chao")	(xvi)		18,722		-
Hylink Advertising Co., Ltd.	(iv)		-		9,794
Others	(xvii)		34,011		23,158

Total available-for-sale investments			143,185		101,758

Total long-term investments		$	695,348	$	565,366

Equity method investments

(i)

In September 2012, March 2014, January 2015, and October 2015, the Company entered into agreements to purchase 5,573,719 Series B Preferred Shares, 6,020,695 Series D Preferred Shares, 2,361,116 Series E Preferred Shares and 9,507,933 Series F Preferred Shares issued by SoFi at a price of $8.79 per Series B Share, $3.45 per Series D Share, $9.46 per Series E Share and $15.78 per Series F Share for a total consideration of $242,120. In November 2012, SoFi split 1 Series B Preferred Share into 4 Series B Preferred Shares and the Company held 22,294,876 Series B Preferred Shares after that. In April 2017, the Company disposed 5,719,986 preferred shares of SoFi for total net proceeds of $91,926, recording a realized gain amounting to $58,335 in (Loss) earnings in equity method investments, net of tax on the consolidation statement of operations for the year ended December 31, 2017. The Company held 21.06% and 14.97% equity interest of SoFi as of December 31, 2016 and 2017, respectively and recognized its share of gain in SoFi of $3,902, loss of $3,968 and gain of $10,333 for the years ended December 31, 2015, 2016 and 2017, respectively. The Company accounted for this investment as equity method as of December 31, 2016 and continued to do so during the year ended December 31, 2017 as it believes it is able to exert significant influence through its board seat combined with the board seats held by the Company's two major shareholders on SoFi's board of directors.

(ii)

In January 2015, the Company entered into an agreement to purchase 2,000,000 Ordinary Shares and 26,081,176 Series B Preferred Shares issued by Golden Axe Inc. for a total consideration of $18,943 (the "Consideration"). The Company paid $1,143 in December 2015 and $7,167 of the Consideration was settled by both paying cash and forgiving previous loans provided to Golden Axe Inc. in January 2016, at which point, $10,633 of the Consideration remained outstanding. In 2016, concurrent with a restructuring of Golden Axe, the Company entered into a subsequent agreement to acquire 20.46% equity interest of a related entity, Shenzhen Golden Axe Co, Ltd. (collectively with Golden Axe Inc., "Golden Axe"), for the remainder of the Consideration of $10,633. The Company held 20.46% equity interest of Golden Axe as of December 31, 2017 and recognized its share of loss of $nil, $2,275 and $2,496 for the years ended December 31, 2015, 2016 and 2017, respectively.

(iii)

Others represents other equity method investments with individual carrying amounts less than $15,000 as of December 31, 2016 and 2017, respectively.

The summarized financial information for all of the Company’s equity method investments were as follows:

	As of December 31,
	2016		2017

Total current assets	$	7,176,015	$	10,070,446
Total assets	$	7,250,680	$	10,151,227
Total current liabilities	$	5,200,536	$	7,825,929
Total liabilities	$	5,340,139	$	7,997,108
Noncontrolling interests	$	443,885	$	-

	For the years ended December 31,
	2015			2016			2017

Net revenues	$	199,069		$	406,686		$	673,420
Gross profits	$	167,512		$	351,782		$	579,076
(Loss) income from continuing operations	$	(58,658	)	$	(25,455	)	$	30,669
Net (loss) income	$	(58,658	)	$	(25,455	)	$	30,669

Cost method investments

(iv)

In April 2011, the Company acquired 2% equity interest of Hylink at total cash consideration of $2,381. Hylink is mainly engaged in advertising agency service. The Company was not able 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.

In August 2017, Hylink successfully listed on the Shanghai Stock Exchange in China. The Company reclassified the investment as available-for-sale securities. Unrealized holding gains of $7,489 were reported in other comprehensive income for the year ended December 31, 2017.

(v)

In August 2014, the Company entered into an agreement to purchase Series B Preferred Shares issued by StoreDot for a total cash consideration of $10,001 and held 6.06% equity interest of StoreDot. The Company was not able to exercise significant influence over the operating and financial decisions of StoreDot, and thus the Company used the cost method to account for its investment.

(vi)

In November 2014, the Company entered into an agreement to acquire 10% equity interest of GoGo for a total consideration of $8,100. In May 2015, June 2015 and May 2016, the Company acquired additional equity interest of GoGo for a total consideration of $5,000, $3,000 and $500, respectively. The Company held 13.89% and 10.48% equity interest of GoGo as of December 31, 2015 and 2016, respectively. The Company was not able to exercise significant influence over the operating and financial decisions of GoGo, and thus the Company used the cost method to account for its investment. As of December 31, 2016, as a result of a decrease in fair value of GoGo from its new financing in 2016, the Company performed an impairment analysis and recognized an OTTI loss of $5,473 during the year ended December 31, 2016.

(vii)

In January 2015, the Company entered into an agreement to purchase 5,579,734 Series E Preferred Shares issued by Motif for a total consideration of $40,000 and held 10% equity interest of Motif as of December 31, 2015. The Company was not able to exercise significant influence over the operating and financial decisions of Motif, and thus the Company used the cost method to account for its investment. As a result of a failure to achieve Motif’s business plan and deterioration of its results, the Company performed an impairment analysis and recognized an OTTI loss of $32,300 and $2,225 during the years ended December 31, 2016 and 2017, respectively.

(viii)

In March 2015, the Company entered into an agreement to purchase 6,153,999 Series C Preferred Shares issued by LendingHome for a total consideration of $65,843 and held 14.72% equity interest of LendingHome as of December 31, 2015. The Company was not able to exercise significant influence over the operating and financial decisions of LendingHome, and thus the Company used the cost method to account for its investment.

(ix)

In January 2015, the Company acquired 204,471 Series A Preferred Shares issued by Credit Shop at a price of $73.36 for a total consideration of $15,000. Additionally, the parties also reached an agreement, whereby the Company would provide a revolving line of credit up to $15,000 to Credit Shop. That agreement also included an option whereby the Company or Credit Shop have the option to convert the full $15,000 revolving line into Series A Preferred Shares of Credit Shop. Prior to or in conjunction with the exercise of the option, the Company is required to have fully funded the $15,000 revolving loan. Additionally, upon the exercise of the option, the Company is also required to purchase additional Series A Preferred Shares from Credit Shop in the amount of $5,000.

Such option is not legally detachable or transferable and therefore was not separately accounted. In December 2015, Credit Shop exercised the option; the Company therefore purchased $20,000 of Series A Preferred Shares in February 2016. As of December 31, 2016, the Company held 40.99% equity interest of Credit Shop. The Company accounted for the investment under the cost method given that such shares have substantive liquidation preference over ordinary shares and are not considered in-substance common stock.

During the year ended December 31, 2017, as a result of a failure to achieve CreditShop’s business plan and deterioration of the its financial results, the Company performed an impairment analysis. As a result, the Company recognized an OTTI loss amounting to $35,000 during the year ended December 31, 2017.

(x)

In March 2015, the Company entered into an agreement to purchase 4,770,131 Series B Preferred Shares issued by Eunke for a total consideration of $25,000, and held 21.9% equity interest of Eunke as of December 31, 2015. The Company accounted for the investment under the cost method given that such shares have substantive liquidation preference over ordinary shares and are not considered in-substance common stock. In determining the fair value of the investment in Eunke, as a result of a failure to achieve Eunke’s business plan and deterioration of its financial results, the Company applied the market approach using unobservable inputs, such as a lack of marketability discount and probability weighting for each scenario including liquidation, and initial public offering, and recognized an OTTI loss amounting to $11,562 during the year ended December 31, 2017.

(xi)

Others represents other cost method investments with individual carrying amount less than $10,000 as of December 31, 2016 and 2017, respectively.

In the third quarter of 2017, the Company disposed Mapbar, a cost method investment acquired in 2011, to an unrelated investor for a total consideration of US$37,311, of which US$32,726 was received as of December 31, 2017 and the rest amount were received in January 2018. The investment was fully impaired during the year ended December 31, 2013, and therefore, a total of $37,311 gain on disposal of investment was recognized in 2017.

Available-for-sale investments

Long-term available-for-sale investments represent convertible redeemable preferred shares, convertible debt and equity securities. As of December 31, 2016 and 2017, the Company held following long-term available-for-sale investments:

	As of December 31, 2017									As of December 31, 2016
			Gross		Other-than							Gross		Other-than
			unrealized		-temporary			Fair				unrealized		-temporary			Fair
	Cost		gains		impairment			value		Cost		gains		impairment			value

Convertible redeemable preferred shares	$	165,524	$	9,745	$	(89,805	)	$	85,464	$	172,928	$	16,387	$	(50,830	)	$	138,485
Convertible debt		7,500		-		(1,000	)		6,500		4,700		-		-			4,700
Equity securities		2,305		7,489		-			9,794		-		-		-			-

Total	$	175,329	$	17,234	$	(90,805	)	$	101,758	$	177,628	$	16,387	$	(50,830	)	$	143,185

(xii)

In November 2014, the Company acquired 35,040,427 Series C Preferred Shares issued by Snowball at a price of $0.9988 per share. As part of the acquisition, the Company received a detachable preferred share warrant, exercisable within 2 years of the share acquisition, to (1) purchase additional up to 8,872,590 Series C Preferred Share at a price of $1.6906 per share; (2) if Snowball issued subsequent equity securities, purchase such subsequent equity securities at a price amounting to the lower of $1.6906 and the per share price paid by investors purchasing such subsequent equity securities. The total consideration for the purchase of Series C Preferred Shares and warrant was $34,998, of which $901 was allocated to the value of warrant based on its fair value at the acquisition date. The Company did not exercise the warrant and it expired in September 2016. As a result, the Company recorded a loss of $901 in 2016.

The Company has determined that the Series C Preferred Shares are redeemable at the option of the investors according to the redemption terms further included below:

	(1)	Each holder of the preferred shares then outstanding may require Snowball to redeem all but not less than all of the then outstanding preferred shares held by such requesting holder, at any time after the earliest of (i) five years from the issuance of the preferred shares if there is no firm commitment underwritten registered public offering of the shares or other securities of Snowball, (ii) any material adverse change in the regulatory environment, or (iii) any material breach by Snowball and/or the founders of Snowball of the preferred share purchase agreements, the shareholders’ agreement, the Amended Memorandum and Articles of Snowball, or other relevant agreements and documents.

	(2)	The redemption price per preferred share shall be the sum of the original issue price (as adjusted) and all declared but unpaid dividends, plus an assumed 8 percent compounded per annum return for each year the preferred shares were outstanding.

As such, the Company determined that the shares are debt securities in nature and accounted for those as available-for-sale securities. The Company performed an impairment analysis and recognized an OTTI loss of $9,989 during the year ended December 31, 2017. In determining the fair value of the investment in Snowball Finance Inc., the Company applied the market approach using unobservable inputs, such as a lack of marketability discount and probability weighting for each scenario including liquidation, and initial public offering. Unrealized holding gains of $803 and loss of $278 were reported in other comprehensive income for the years ended December 31, 2016 and 2017, respectively.

(xiii)

In September 2014, the Company entered into an agreement to purchase 5,321,428 Series B-1 Preferred Shares and 649,351 Series B-2 Preferred Shares issued by Eall at a price of $3.08 per Series B-1 share and $2.62 per Series B-2 share for a total consideration of $18,090. In July 2015, the Company purchased an additional 652,598 Series B-1 Preferred Shares at a price of $3.08 per Series B-1 share for a total consideration of $2,010. The Company has determined that all of the purchased shares are redeemable at the option of the investors according to the redemption terms further included below:

(1)

Each holder of the then outstanding preferred shares may require that Eall redeem all or part of the preferred shares then outstanding, on or after the earlier of (i) January 1, 2019, or (ii) the occurrence of any material breach or violation of any of the Memorandum and Articles of Eall, the preferred share purchase agreements, the shareholders agreement, and other relevant agreements and documents and/or the applicable laws by Eall or any direct or indirect holder of the ordinary shares of Eall.

(2)

The redemption price per preferred share shall be the amount equal to 100 percent of the original issue price, plus all accrued or declared but unpaid dividends on such preferred shares (subject to adjustments for share split, share dividend, reclassification or other similar events).

As such, the Company determined that they are debt securities in nature and accounted for those as available-for-sale securities.

In July 2016, Eall conducted a restructuring such that the Company ultimately held a 20.4% investment in both Eall and Eall Network, a shell company controlled by the founding shareholders of Eall. The Company still accounted the investment in Eall as available-for-sale investment as there were no changes to the nature and redemption rights of the investment and recorded its investment at fair value as of December 31, 2016 and 2017.

Additionally, the Company accounted for its investment in Eall Network as an in-substance common stock investment over which the Company could exercise significant influence. As a result, the Company recorded its investment in Eall Network as an equity method investment at $17,937 based on the fair value of the investment at the time of the restructuring. The Company recognized its share of loss of $200 and gain of $321 related to its investment in Eall Network for the years ended December 31, 2016 and 2017, respectively.

(xiv)

In January 2015, the Company entered into an agreement to purchase 64,281,655 Series D Preferred Shares issued by 268V Limited for a total consideration of $75,000. The Company has determined that the Series D Preferred Shares are redeemable at the option of the investors according to the redemption terms further included below:

	(1)	At the option of a holder of the preferred shares, 268V Limited shall redeem all, or any, of the outstanding preferred shares held by the requesting holder, at any time after the earliest of (i) the date that there is a material breach by 268V Limited or by any direct or indirect owners of the ordinary shares of 268V Limited, of the preferred share purchase agreements, the shareholder agreement, the restated Articles, and other relevant agreements and documents, (ii) any material adverse change in the regulatory environment that will cause the agreements that provide 268V Limited the control over its variable interest entity to be invalid or unenforceable, or (iii) the failure by 268V Limited to complete a firm underwritten public offering of the shares or other equity securities within five years from the issuance date of the preferred shares.

	(2)	The redemption price shall be equal to the greater of (i) an amount equal to the sum of the original issue price (as adjusted), plus an assumed 12 percent compounded per annum return for each year the preferred shares were outstanding, and all declared but unpaid dividends thereon up to the date of redemption or (ii) the fair market value of each preferred share.

As such, the Company determined that they are debt securities in nature and accounted for those as available-for-sale securities. As a result of a decrease in fair value of 268V Limited from its new financing in 2016 and 2017, the Company performed an impairment analysis and recognized an OTTI loss of $50,830 and $12,085 during the years ended December 31, 2016 and 2017, respectively. In determining the fair value of the investment in 268V Limited, the Company applied the market approach using unobservable inputs, such as a lack of marketability discount and probability weighting for each scenario including liquidation, and initial public offering. Unrealized holding gains of $nil and $122 were reported in other comprehensive income for the years ended December 31, 2016 and 2017, respectively.

(xv)

In July 2015 and March 2016, the Company purchased 14,727,541 Series B Preferred Shares and 510,248 shares of Series B++ Preferred Shares issued by Omni at the price of $1.358 per Series B Preferred Share and $1.96 per Series B++ Preferred Share for a total consideration of $21,000, respectively. The Company has determined that the Series B Preferred Shares and Series B++ Preferred Shares are redeemable at the option of the investor according to the redemption terms further included below:

	(1)	If so requested by any holder of the preferred shares, Omni shall redeem all or part of such outstanding preferred shares, at any time after the earliest of (i) July 30, 2021, if Omni has not consummated an underwritten public offering of its ordinary shares, (ii) any change of laws or policy with respect to the validity of the agreements that provide Omni with control over its variable interest entity, (iii) any competent governmental authority having determined that it is illegal for Omni to carry on its business as conducted and as proposed to be conducted in accordance with applicable laws, regulations, policies or discretion of competent governmental authorities, and Omni has been unable to carry on such business for at least 3 consecutive months due to such determination or (iv) any material breach by Omni and/or its founders of the preferred share purchase agreements, shareholder agreement or relevant agreements and documents.

	(2)	The price at which each preferred share shall be redeemed shall be equal to the greater of (i) 150 percent of the original issue price of such preferred shares and (ii) the fair market value of such preferred shares.

As such, the Company determined that they are debt securities in nature and accounted for those as available-for-sale securities. Unrealized holding loss of $2,813 and gain of $584 were reported in other comprehensive income for the years ended December 31, 2016 and 2017, respectively.

(xvi)

In January 2015, the Company entered into an agreement to purchase 1,553,566 Series A Preferred Shares issued by Zhu Chao for a total consideration of $15,000. The Company has determined that the Series A Preferred Shares are redeemable at the option of the investor according to the redemption terms further included below:

	(1)	Each holder of the then outstanding preferred shares is entitled to request Zhu Chao to redeem all or part of its outstanding preferred shares on or after the earliest of (i) August 10, 2020, if there has been no firm commitment underwritten public offering of the ordinary shares of Zhu Chao, (ii) the last date of the three-month period commencing from the delivery of notice of the occurrence of any PRC regulatory development by the majority preferred shareholders to Zhu Chao, if, during such three-month period, the ordinary shareholders of Zhu Chao have failed to devise a feasible alternative legal structure reasonably satisfactory to the majority preferred shareholders that will give effect to the rights and preferences of the preferred shareholders under the Memorandum and Articles of Zhu Chao, the preferred share purchase agreement, the shareholder agreement and other relevant agreements and documents (“Zhu Chao Transaction Agreements”), as closely as possible, or (iii) the occurrence of any material breach by Zhu Chao or any holder of the ordinary shares of Zhu Chao of any of the Zhu Chao Transaction Agreements.

	(2)	The redemption price per preferred share shall be the amount equal to 200 percent the original issue price of the preferred share, plus all accrued or declared but unpaid dividends on such preferred share.

As such, the Company determined that they are debt securities in nature and accounted for those as available-for-sale securities. In determining the fair value of the investment in Zhuchao Holdings Company Limited., as a result of a failure to achieve Zhu Chao’s business plan and deterioration of its operating results, the Company performed an impairment analysis and recognized an OTTI loss amounting to $15,000 during the year ended December 31, 2017. Unrealized holding gains of $nil, $3,722 and loss of $3,722 were reported in other comprehensive income for the years ended December 31, 2015, 2016 and 2017, respectively.

(xvii)

Others represents other long-term available-for-sale investments with individual carrying amount less than $10,000 as of December 31, 2016 and 2017, respectively.

The fair value of long-term available-for-sale investments as measured is further discussed in Note 18.

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2017

PROPERTY AND EQUIPMENT, NET [Abstract]

PROPERTY AND EQUIPMENT, NET

11.

PROPERTY AND EQUIPMENT, NET

	As of December 31,
	2016		2017

Building	$	29,989	$	32,002
Computer equipment and application software		18,724		17,821
Furniture and vehicles		137		312
Leasehold improvements		775		809

	$	49,625	$	50,944
Less: Accumulated depreciation	$	(20,869)	$	(21,322)
Less: Accumulated impairment loss		(90)		(90)

	$	28,666	$	29,532

Depreciation expense from continuing operations was $7,338, $2,626 and $1,974 and from discontinued operations was $1,500, $52 and $nil, for the years ended December 31, 2015, 2016 and 2017, respectively.

No impairment loss was recorded for the years ended December 31, 2015, 2016 and 2017, respectively.

Goodwill

12 Months Ended

Dec. 31, 2017

GOODWILL. [Abstract]

GOODWILL

12.

Goodwill

	Amount

Balance at January 1, 2017		-
Increase in goodwill related to acquisitions	$	99,654
Exchange difference		2,283
Balance at December 31, 2017	$	101,937

The Company’s goodwill reflects the excess of the consideration paid or transferred including the fair value of contingent consideration over the fair values of the identifiable net assets acquired. The majority of the goodwill balance as of December 31, 2017 relates to the various used car dealerships acquired during the year ended December 31, 2017 as well as to other acquisitions which were individually deemed insignificant. Refer to Note 5 for further details.

To assess potential impairment of goodwill, the Company performs an assessment of the carrying value of the reporting unit at least on an annual basis or when events occur or circumstnaces change that would more likely than not reduce the estimated fair value of the reporting unit below its carrying value. If the carrying value of a reporting unit exceeds its fair value, the Company would perform the second step in its assessment process and record an impairment loss to earnings to the extent the carrying amount of the reporting unit's goodwill exceeds its implied fair value. The Company estimates the fair value of its reporting units through internal analysis and external valuations, which utilize the income and market approaches through the application of discounted cash flow methods. These valuations are based on a number of estimabes and assumptions, including the projected future operating results of the reporting unit, discount rates, long-term growth rates and market comparables. The Company has performed its annual test for impairment of goodwill in accordance with the accounting standard as of December 31, 2017, and determined that it was not more likely than not that goodwill was impaired, and therefore did not recognized any impairment loss during the year ended December 31, 2017.

SHORT-TERM DEBT AND LONG-TERM DEBT

12 Months Ended

Dec. 31, 2017

SHORT-TERM DEBT AND LONG-TERM DEBT [Abstract]

SHORT-TERM DEBT AND LONG-TERM DEBT

13.

SHORT - TERM DEBT AND LONG-TERM DEBT

Short-term debt

		As of December 31,
	Note	2016		2017

East West Bank	(i)	$	30,000	$	-
Bank of Shanghai	(ii)		7,202		12,296
Hengfeng Bank	(iii)		-		49,183

Total		$	37,202	$	61,479

(i)

In December 2016, the Company entered into a short-term loan agreement with East West Bank for $30,000. The loan bears an annual interest rate equal to the one month LIBOR rate plus 1.2% and has a loan period of six month. In June 2017, the Company amended and extended the maturity date to April 2018. In October 2017, the Company repaid $10,000 of the loan balance. In January 2018, the Company further refinanced its short term loan agreement with East West Bank and replaced it with a long-term debt. The long-term debt has an annual interest rate equal to LIBOR rate plus 1.2% and is repayable on April 3, 2020. Accordingly, the Company has excluded $20,000 from the short term debt and has reclassified it to long-term debt as of December 31, 2017.

	(ii)	In November 2016, the Company entered into a short-term loan agreement with Bank of Shanghai for $7,202. The loan bears an annual interest rate of 141.5% of the one year loan interest rate quoted by the People’s Bank of China and has a loan period of six months. The Chief Operating Officer (“COO”) of the Company provided joint and several liability guarantee for the loan. The Company repaid the loan in May 2017. In May and August 2017, the Company entered into five short-term loan agreements with Bank of Shanghai for $12,296. The loans bear an annual interest rates ranging from 137.9% to 149.4% of the one year loan interest rate quoted by the People’s Bank of China and have loan periods ranging from eight to eleven months. The Company repaid the loans in April 2018. In February 2017, the Company entered into a six-month loan agreement with Bank of Shanghai for $4,358. The loan bears an annual interest rates of 143.5% of the one year loan interest rate quoted by the People’s Bank of China and has a loan period of five months. The Company repaid the loan in August 2017.

	(iii)	In March 2017, the Company entered into a loan agreement with Hengfeng Bank for $33,045. The loan bears an annual interest rate of 109.2% of the one year loan interest rate quoted by the People’s Bank of China. The Company repaid $2,305 of the principal during the year ended December 31, 2017. $3,074 of the principal is due during the year ended December 31, 2018 and the remaining balance, classified as long-term debt, is due during the years ended December 31, 2019 and 2020. In May 2017, the Company entered into three short-term loan agreements with Hengfeng Bank for $46,109. The loans bear an annual interest rate of 98.9% of the one year loan interest rate quoted by the People’s Bank of China and has a loan period of one year.

Long-term debt – current

		As of December 31,
	Note	2016		2017

A trust company	(v)		-	$	52,604

Total			-	$	52,604

Long-term debt –non current

		As of December 31,
	Note	2016		2017

An asset management company	(iv)	$	42,786	$	-
A trust company	(v)		52,604		-
Hengfeng Bank and East West Bank	(iii) (i)		-		47,665

Total		$	95,390	$	47,665

(iv)

In November 2015, the Company entered into a long-term loan agreement with an asset management company to borrow $69,468 in order to finance the investment in SoFi. The loan bears an annual interest rate ranging from 12% to 16% upon certain scenarios, including a qualified public offering of SoFi during the period of the loan, and requests the pledge of certain assets of the Company including building, the long-term investment in Hayman, and certain shares of SoFi owned by the Company including 4,970,573 Series B Preferred Stock, 6,020,695 Series D Preferred Stock and 2,361,116 Series E Preferred Stock. The loan is expected to be repaid within four years. The Chief Executive Officer (“CEO”) of the Company provided joint and several liability guarantee for the loan. The loan can be repaid in advance at the option of the Company upon distribution from the long-term investment in one of its equity method investee, or upon approval from the asset management company. In January 2016, the Company received the notice for such distribution from the equity method investee and repaid $23,608 of the loan balance. In early 2017, the Company made a request to the asset management company for an early repayment. Such request was approved and the Company repaid the remainder of the loan in February 2017.

(v)

Additionally, the Company issued the trust company a warrant to purchase 1,502,507 Series F Preferred Stock of SoFi from the Company at a preliminary exercise price of $15.7763 per share upon occurrence of certain events within five years, including a qualified public offering of SoFi. Such warrant was considered as liability-classified warrants and separately recorded based on its fair value under the caption of "Other non-current liabilities" on the consolidated balance sheet.

The Company recognized a discount of $6,656 based on the initial fair value of the warrant as a reduction of the loan. The discount is recognized over the term of the loan using the effective interest method, based on an imputed interest rate of 9.95%.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2017

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

14.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

		As of December 31,
		2016		2017

Employee payroll and welfare payables		$	2,800	$	3,437
Other tax payable			7,013		12,676
Accrued professional, marketing and leasing fees			3,965		6,032
Interest payable	(i)		1,761		13,472
Other payables			4,242		10,281

Total		$	19,781	$	45,898

(i)

The balance mainly include the interest payable of Long-term debt - current (see Note 13 (v)).

PAYABLE TO INVESTORS

12 Months Ended

Dec. 31, 2017

Payable To Investors [Abstract]

Payable To Investors

15.

PAYABLE TO INVESTORS

In the ordinary course of business, through the peer-to-peer platforms and the Company's consolidated Shanghai Renren Finance Leasing Asset-Backed Special Plans (the "Plans"), the Company identifies investors and transfers creditors' rights to those investors. The Company further offers different investment periods to investors with various annual interest rates while those credit rights are held by the investors. The terms of the sales require the Company to repurchase those creditors’ rights from investors prior to or upon the maturity of the investment period. As a result, the sales of those creditors’ rights are not accounted for as a sale and remain on the consolidated balance sheet and are recorded as payable to investors in the Company’s consolidated balance sheet.

The short-term payable to investors bears a fixed annual rate ranging from 8.6% to 11.04% with different investment periods to investors ranging from 15 days to 12 months, for both the years ended December 31, 2016 and 2017. Short-term payable to investors also includes payable to investors from the Plans.

The long-term payable to investors as of December 31, 2016 was arising from the Plans, which will expire by the end of May 2018, and bears a fixed annual rate ranging from 5.5% to 7.0% with an investment periods to investors of 21 months. The remaining balance from the Plan as December 31, 2017 became short-term payable to investors.

INCOME TAXES

12 Months Ended

Dec. 31, 2017

INCOME TAXES [Abstract]

INCOME TAXES

16.

INCOME TAXES

The Company, CIAC, Renren Gongying Inc, Link224 Inc., Renren Lianhe Holdings, Wole Inc., JiehunChina Inc., Renren Auto Group, Renren CRSP Holdings Inc., Renren CHYP Holdings Inc., Renren PLML Holdings Inc., Renren KURY Holdings Inc., Renren ONER Holdings Inc., Renren LSTAR Holdings Inc., Renren BLCR Holdings Inc., Renren ZHCH Holdings Inc., Renren CHRYPH Holdings Inc., Renren Study Inc., Renren SF Holdings Inc., Oak Pacific Investment and Renren Finance Inc. are all incorporated in the Cayman Islands. Under the current laws of the Cayman Islands, the companies are not subject to income or capital gains taxes.

Chime Technologies, Inc., Renren U.S. Holdco, Inc., Sindeo Inc., Geographic Farming LLC and Trucker Path Inc. are incorporated in the US and subject to state income tax and federal income tax at different tax rates, depending upon taxable income levels. They did not have taxable income and no income tax expense was provided for the year ended December 31, 2015, 2016 and 2017.

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.

Beijing Qilin Wings Technology Development Co., Ltd., incorporated in the PRC on January 16, 2013, qualified as a “High and New Tech Enterprise” in 2017, and therefore was entitled to a preferential tax rate of 15% for the following three years.

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 the 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 as of December 31, 2017. Accordingly, no deferred tax liability had been accrued for the Chinese dividend withholding taxes as of December 31, 2017.

The current and deferred component of income tax expenses which were substantially attributable to the Company's PRC subsidiaries and VIEs and VIEs' subsidiaries, are as follows:

	Years ended December 31,
	2015		2016		2017

Current income tax expenses	$	3,124	$	2,470	$	4,479
Deferred income tax expenses		-		-		-
Total income tax expenses	$	3,124	$	2,470	$	4,479

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

	As of December 31,
	2016		2017

Deferred tax assets
Provision for doubtful accounts	$	5,339	$	3,422
Accrued payroll and welfare		700		809
Accrued liabilities		2,409		2,414
Long term investment impairment		-		2,328
Excessive advertising fee		1,572		1,990
Excessive employee education fee		150		161
Net operating loss carry forwards		54,567		55,745
Less valuation allowance		(64,737)		(66,869)

Deferred tax assets, net	$	-	$	-

Deferred tax liabilities	$	-	$	-

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 $54,567 and $55,745 as of December 31, 2016 and 2017, respectively. 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, 2016 and 2017, valuation allowances were established because the Company believes that it is more likely than not that its deferred tax assets will not be realized as it does not expect to generate sufficient taxable income in the near future.

Reconciliation between the income tax expenses computed by applying the PRC tax rate to loss before the provision of income taxes and the actual provision for income taxes is as follows:

	Years ended December 31,
	2015			2016			2017

Loss before provision of income tax	$	(214,585)		$	(173,400)		$	(173,264)
PRC statutory income tax rate		25	%		25	%		25	%
Income tax at statutory tax rate		(53,646)			(43,350)			(43,316)
Taxable deemed interest income from inter-company interest-free loans		5,632			6,925			7,288
Non-deductible loss and other expenses not deductible for tax purposes		41,114			42,571			37,096
Effect of income tax rate differences in jurisdictions other than the PRC		(27)			(54)			709
Effect of tax holidays		-			-			570
Changes in valuation allowance		10,051			(3,622)			2,132
Income tax expenses	$	3,124		$	2,470		$	4,479

The Company did not identify significant unrecognized tax benefits for the years ended December 31, 2015, 2016 and 2017, respectively. The Company did not incur any interest and penalties related to potential underpaid income tax expenses.

Since January 1, 2008, the relevant tax authorities have not conducted a tax examination on PRC entities. In accordance with relevant PRC tax administration laws, tax years from 2013 to 2017 of the Company's PRC subsidiaries and VIEs and VIEs' subsidiaries remain subject to tax audits as of December 31, 2017, at the tax authority's discretion.

ORDINARY SHARES

12 Months Ended

Dec. 31, 2017

ORDINARY SHARES [Abstract]

ORDINARY SHARES

17.

ORDINARY SHARES

Under a series of share repurchase programs approved by the Company's board of directors on September 29, 2011, December 26, 2012, June 28, 2013 and June 28, 2014, during the years ended December 31, 2015, 2016 and 2017, the Company repurchased 10,912,110, nil and nil ordinary shares for total considerations of $10,292, $ nil and $nil, respectively.

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2017

FAIR VALUE MEASUREMENTS [Abstract]

FAIR VALUE MEASUREMENTS

18.

FAIR VALUE MEASUREMENTS

Assets and liabilities disclosed at fair value

The Company measures its cash and cash equivalents, restricted cash, amounts due from/to related parties, financing receivable, cost method investments and short-term and long-term debt and payable to investors at amortized cost. The carrying values of cash and cash equivalents and restricted cash approximated fair value and represented a level 1 measurement. The carrying value of financing receivable and payable to investors approximate their fair value due to their short-term nature and are considered level 3 measurement. Such fair value was estimated by discounting scheduled cash flows through the estimated maturity with estimated discount rates based on current offering rates of comparable financings with similar terms. The carrying value of the debt obligations approximate fair value considering the borrowing rates are at the same level of the current market yield for the comparable debts and represent a level 2 measurement. The carrying value of amounts due from/to related parties approximate fair value due to the relatively short maturity.

Fair value of the cost method investments approximated $187,649 as of December 31, 2017, as compared with $144,797 of carrying value. Cost method investments do not have a quoted market price. The Company determined the fair value of the cost method investments generally by recent financing transactions which closed in the recent year as reference for fair value of the company’s stock value. As the inputs are unobservable inputs for the asset or liability, this represents a level 2 measurement.

Assets and liabilities measured at fair value on a recurring basis

The Company measured its short-term investments, long-term available-for-sale investment and liability-classified warrant at fair value on a recurring basis as of December 31, 2016 and 2017.

Short-term investments include the investments in fund and future that were traded publicly in the open market and were valued based on the quoted market price and were classified as Level 1.

The Company's derivative financial instruments were classified as Level 2, as they were not actively traded and were 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.

The following table summarizes the Company's financial assets and liabilities measured and recorded at fair value on recurring basis as of December 31, 2016 and 2017, respectively:

	As of December 31, 2016								As of December 31, 2017
	Fair Value Measurement at the Reporting Date using								Fair Value Measurement at the Reporting Date using
	Quoted price in active markets for identical assets Level 1		Significant other observable inputs Level 2		Significant unobservable inputs Level 3		Total		Quoted price in active markets for identical assets Level 1		Significant other observable inputs Level 2		Significant unobservable inputs Level 3		Total

Short-term investments
Trading securities:
Funds		411		-		-		411		-		-		-		-
Future		(1)		-		-		(1)		-		-		-		-
Long-term investments
Available-for-sale investments:
Convertible redeemable preferred shares		-		-		138,485		138,485		-		-		85,464		85,464
Convertible debt		-		-		4,700		4,700		-		-		6,500		6,500
Equity securities		-		-		-		-		-		9,794		-		9,794
Accrued expense and other current liabilities
Liability-classified warrant		-		-		(6,551)		(6,551)		-		-		(6,356)		(6,356)
Total	$	410		-	$	136,634	$	137,044		-		9,794	$	85,608	$	95,402

The following table provides additional information about the reconciliation of the fair value measurements of assets and liabilities using significant unobservable inputs (level 3).

	Convertible
	redeemable				Written		Liability-
	preferred		Convertible		put		classified
	shares		Debt		option		warrant

Balance as of December 31, 2015	$	219,278	$	6,500	$	(7,000)	$	(6,656)
Initial recognition		6,492		3,200		-		-
Derecognition		(17,937)		(5,000)		7,000		-
(Losses) earnings for the period
Earnings		-		-		-		105
Impairment losses		(50,830)		-		-
Other comprehensive loss		(18,518)		-		-		-

Balance as of December 31, 2016	$	138,485	$	4,700	$	-	$	(6,551)

Initial recognition		-		3,000		-		-
Derecognition		(10,647)		(200)		-		-
(Losses) earnings for the period
Earnings		-		-		-		195
Impairment losses		(38,975)		(1,000)		-		-
Other comprehensive loss		(3,399)		-		-		-

Balance as of December 31, 2017	$	85,464	$	6,500	$	-	$	(6,356)

Trading securities recorded in short-term investments were valued using the market approach based on the quoted prices in active markets at the reporting date.

Derivative financial instruments were valued based on quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data.

Long-term available-for-sale investments do not have a quoted market rate. The Company determined the fair value of the long-term available-for-sale investments generally by adopting a market approach concluding on the overall investee’s equity value which takes into consideration a number of factors that include expected market multiples from publicly traded companies in the industry, and allocating this value to the various classes of preferred and common shares by using an option-pricing method which takes into consideration a number of factors that include lack of marketability discount, interest rate, expected volatility, probability weight for each scenario including liquidation, redemption and initial public offering as applicable. The determination of the fair value requires the Company to make certain assumptions and estimates regarding industry economic factors.

The liability-classified warrant was valued using Black-Scholes model with the following assumptions.

	Years ended December 31,
	2016			2017
Exercise price	$	15.78		$	15.78
Annual risk-free interest rate		1.7	%		2.0	%
Volatility		28	%		31	%
Dividend yield		-			-

The assumptions are inherently uncertain and subjective. Changes in any unobservable inputs may have a significant impact on the fair values.

Assets measured at fair value on a nonrecurring basis

The Company measured its property and equipment, goodwill and other intangible assets, long-term cost and equity method investments at fair value on a nonrecurring basis whenever events or changes in circumstances indicate that the carrying value may no longer be recoverable.

As of December 31, 2016, the Company performed impairment tests on its equity method investments, cost method investments and long-term available-for-sales investments, using the market approach or asset-based approach and recorded OTTI losses of $7,519, $43,958 and $50,830 for its equity method investments, cost method investments and available-for-sales investments during the year ended December 31, 2016. The impairment of the equity method investments, cost method investments and available-for-sales investment is considered level 3 because the Company used unobservable inputs, such as a lack of marketability discount and probability weighting for each scenario including liquidation, redemption and an initial public offering as applicable.

As of December 31, 2017, the Company performed impairment tests on its equity method investments, cost method investments and long-term available-for-sales investments, using the market approach or asset-based approach and recorded OTTI losses of $20,040, $53,058 and $39,975 for its equity method investments, cost method investments and long-term available-for-sales investments during the year ended December 31, 2017 (see Note 10). The impairment of the equity method investments, cost method investments and long-term available-for-sales investments is considered level 3 because the Company used unobservable inputs, such as a lack of marketability discount and probability weighting for each scenario including liquidation, redemption and an initial public offering as applicable.

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.

RELATED PARTY BALANCES AND TRANSACTIONS

SHARE-BASED COMPENSATION

12 Months Ended

Dec. 31, 2017

SHARE-BASED COMPENSATION [Abstract]

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"), 2016 Share Incentive Plan (the "2016 Plan") and the Equity Incentive Plan specifically for Online Gaming (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 2006, the Company adopted 2006 Plan to replace the 2003 Plan, 2004 Plan and 2005 Plan. On February 26, 2016, the Company amended 2011 Plan and 45,000,000 ordinary shares have been added to the award pool under the 2011 Plan. The maximum aggregate number of shares which may be issued pursuant to all awards under the 2006 Plan, 2008 Plan, 2009 Plan, 2011 Pan, 2016 Plan and Link224 Inc. Plan is 97,430,220, 30,529,630, 40,000,000, 110,014,158, 53,596,236 and 13,055,529, respectively. The term of the options may not exceed ten years from the date of the grant, except for the situation of amendment, modification and termination. The awards under the above plans are subject to vesting schedules ranging from immediately upon grant to six years subsequent to grant date.

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 was $4,281, which was fully recognized as of the year ended December 31, 2016.

On May 19, 2014, the Company granted 69,593,691 share options to certain employees with exercise price of $1.097 per share. Amongst, 34,796,847 shares were under agreement where 25% of the options will be vested on May 19, 2015 and 1/36 of the remaining 75% will be vested at the 18 ^th day of each calendar month after May 19, 2015 through the end of the fourth year; 34,796,844 were under conditional option agreement where (1) 100% of the options shall be forfeited on May 19, 2017 unless the average closing price of one ADS of the Company during any 30-day period beginning on or after May 19, 2014 and ending on or before May 19, 2017 is $6.00 or higher, and (2) 25% of the options will be vested on May 19, 2015 and 1/36 of the remaining 75% will be vested at the 18 ^th day of each calendar month after May 19, 2015 through the end of the fourth year, however, that any conditional management options shall not be vested until the end of said 30-day period. On December 23, 2015, the Company’s Compensation Committee approved to waive the award condition for certain outstanding share options. The total incremental cost as a result of the modification was $10,926.

On August 24, 2017, the Company’s Compensation Committee approved to reduce the exercise price for all outstanding options previously granted by the Company with an exercise price higher than $0.478 per ordinary share to $0.478 per share. Such reduction was accounted by the Company as a share option modification and required the remeasurement of these share options at the time of the modification. The total incremental cost as a result of the modification was $10,382. The incremental cost related to vested options amounted to $7,427 and was recorded in the consolidated statements of operations during the year ended December 31, 2017. The incremental cost related to unvested options amounted to $2,955 and will be recorded over the remaining service period.

Excluding the options containing market and service vesting conditions, the Company calculated the estimated fair value of the options on the respective grant dates using the binomial option pricing model with the assistance from independent valuation firms, with the following assumptions used in 2016. The Company did not grant any options in 2015 and 2017. The weighted-average grant-date fair value of the share options granted during 2016 was $0.54.

	Year ended December 31,
	2016
	Using binomial model
Risk-free interest rate		2.0	%
Volatility		50	%
Expected term (in years)		10
Exercise price	$	1.227
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 treasury bonds of the United States with a maturity period close to the expected life 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

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 $1.23, $0.53, and $0.69 of the Company's ordinary share on December 31, 2015, 2016 and 2017, respectively. The total intrinsic value of options exercised for the years ended December 31, 2015, 2016 and 2017 were $2,044, $1,118, and $293, respectively. The total fair value of options vested during the years ended December 31, 2015, 2016 and 2017 were $23,008, $12,721, and $16,036, respectively.

The following table summarizes information with respect to share options outstanding as of December 31, 2017:

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

$0.08~$0.18		442,515		1.62	$	0.18	$	227		442,455		1.62	$	0.18	$	227
$0.3~$0.48		141,039,101		6.40	$	0.48		30,276		105,631,485		5.96	$	0.48		22,676
		141,481,616					$	30,503		106,073,940					$	22,903

			Weighted		Weighted
			average		average
	Number of		exercise		grant date
	shares		price		fair value

Balance, December 31, 2016		145,446,560	$	0.96	$	0.63

Exercised		(1,715,895)	$	0.33	$	0.30
Forfeited		(2,249,049)	$	0.36	$	0.16

Balance, December 31, 2017		141,481,616	$	0.48	$	0.64

Exercisable, December 31, 2017		106,073,940	$	0.48

Expected to vest, December 31, 2017		35,407,676	$	0.48

For employee stock options, the Company recorded share-based compensation from continuing operations of $22,989, $19,420, and $23,904 and from discontinued operations of $1,736, $ nil and $nil for the years ended December 31, 2015, 2016, and 2017, 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, share based compensation was immaterial for the years ended December 31, 2015, December 31, 2016 and December 31, 2017, respectively.

As of December 31, 2017, there was $22,147 unrecognized share-based compensation expense relating to share options. This amount is expected to be recognized over a weighted-average vesting period of 1.70 years.

Nonvested restricted shares

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

			Weighted
	Weighted		average fair
	number of		value
	nonvested		per ordinary
	restricted		share at the
	shares		grant dates
Outstanding as of December 31, 2016		15,935,208		1.00

Granted		1,475,608		0.53
Vested		(5,182,140)		1.01
Forfeited		(1,425,993)		0.90

Outstanding as of December 31, 2017		10,802,683		0.95

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. The Company recorded the compensation expenses related with nonvested restricted shares from continuing operations of $1,509, $4,124 and $4,112. The Company did not have any compensation expenses related to nonvested shares in discontinued operations.

Total unrecognized compensation expense amounting to $10,323 related to nonvested restricted shares granted as of December 31, 2017. The expense is expected to be recognized over a weighted-average period of 2.12 years.

In December 2015, the Company provided a loan of $1,930 to one of its employees who was also a 25% noncontrolling shareholder of Wanmen, a subsidiary in which the Company initially owned a 75% equity interest. The employee used the loan to further contribute to Wanmen’s capital. In January 2016, the Company waived the loan to the noncontrolling interest shareholder. The Company determined that the waiver of the loan and the capital contribution of Wanmen were a single transaction and accounted for the waiver of the loan as share-based compensation expense during the year ended December 31, 2015. In February 2016, Wanmen further received a capital injection from another external investor; as a result, the Company lost control over Wanmen and deconsolidated Wanmen during the year ended December 31, 2016.

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

	Years ended December 31,
	2015		2016		2017

Gross amount:
Selling and marketing	$	243	$	770	$	598
Research and development		781		1,363		1,092
General and administrative		25,481		21,411		26,326
		26,505		23,544		28,016
Expense recorded in discontinued operations		1,736		-		-

Total share-based compensation expense	$	28,241	$	23,544	$	28,016

There was no income tax benefit recognized in the statements of operations for share-based compensation for the years ended December 31, 2015, 2016 and 2017.

RELATED PARTY BALANCES AND TRANSACTIONS

12 Months Ended

Dec. 31, 2017

20.

RELATED PARTY BALANCES AND TRANSACTIONS

Details of major related party balances and transactions as of December 31, 2016 and 2017 are as follows:

(1)

Amounts due from related parties

As of December 31, 2016 and 2017, amounts due from related parties were $13,419 and $15,224, respectively, and details are as follows:

		As of December 31,
	Note	2016		2017

Tianjin Yi Chuang Xin He Information Technology Co., Ltd., (“Yi Chuang Xin He”), a subsidiary of Eall, available-for-sale investee of the Company	(i)		10,082		10,759
Others			3,337		4,465

Total		$	13,419	$	15,224

(i)

The balance represents the loan to Yi Chuang Xin He. Yi Chuang Xin He is a subsidiary of Eall, which is an available-for-sale investee of the Company. In May 2016, the Company entered into agreements with Eall and Yi Chuang Xin He for a series of loan transactions, pursuant to which the Company made a loan amounting to RMB70 million to Yi Chuang Xin He. At the same time, Eall made a loan in US dollar to the Company amounting to RMB70 million ($10,692). Both of the loans are free of interest. The loan due from Yi Chuang Xin He is repayable on demand. The loan due to Eall is repayable 5 work days after Yi Chuang Xin He repays the loan to the Company. The Company recorded the loans as amount due from and amount due to related parties as the Company does not have the right to offset and does not intend on setting off the loans. As of December 31, 2017, both of the loans remained outstanding.

(2)

Amounts due to related parties

		As of December 31,
		2016		2017

Eall	(i)	$	10,692	$	10,692
Others			222		7,054

Total		$	10,914	$	17,746

(i)

The balance represents the loan provided by Eall (see Note 20 (i)).

(3)

Transactions with related parties for amount due from related parties

	Years ended December 31,
	2015		2016		2017

Loan to Beautiful Bay Co., Ltd, substantially controlled by the majority shareholder of OPH which is controlled by the CEO of the Company	$	4,775	$	-	$	-
Loan to Yi Chuang Xin He		-		10,542		-
Loan to Beijing Yunke Logistics Co., Ltd, a subsidiary of Eunke, cost method investee of the Company		-		-		8,591
Others		182		4,083		3,069

Total	$	4,957	$	14,625	$	11,660

(4)

Transactions with related parties for amount due to related parties

	Years ended December 31,
	2015		2016		2017

Loan from Eall	$	-	$	10,692	$	-
Others		152		413		333

Total	$	152	$	11,105	$	333

(5)

In July 2012, the Company purchased $10,000 Series 2012-A Senior Secured Sofi Loan Notes issued by SoFi Lending Corp., a subsidiary of SoFi. OPH is a shareholder of SoFi and the Company's chairman and CEO, Joe Chen, is a director of SoFi. In September 2012, March 2014, January and February 2015, and October 2015, the Company invested $49,000, $20,789, $22,331 and $150,000 in newly issued Series B preferred shares, Series D preferred shares, Series E preferred shares and Series F preferred shares of SoFi, respectively, concurrently with a group of other investors. These transactions were approved by the independent, disinterested members of the Company's board and the audit committee of the board.

In April 2017, the Company disposed 5,719,986 preferred shares of SoFi for total net proceeds of $91,926, recording a realized gain amounting to $58,335 (see Note 10 (i)).

(6)

In November 2015, the CEO of the Company provided joint and several liability guarantee for a long-term debt with a principal of $69,468 (see Note 13 (iv)).

(7)

In 2006, the Company entered into an agreement to make a loan of $167 to Liu Guolan, who is the mother-in-law of the Company’s CEO, for her investment into Beijing Hulian Shidai Telecom Technology Co., Ltd. (“Hulian Shidai”). The period of the loan is 10 years.

In 2016, the Company received $7,188 from Liu Guolan for the repayment of the loan, which is all the proceeds directly or indirectly received by Liu Guolan through holding the investment in Hulian Shidai. $7,021 of the repayment was recorded as other income in the year ended December 31, 2016 as the Company has no further obligations to the relevant payment received.

(8)

In November 2016, the COO of the Company provided joint and several liability guarantee for a short-term debt with a principal of $7,202 (see Note 13 (ii)).

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2017

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

21.

SEGMENT INFORMATION

The Company's Chief Operating Decision Maker (the "CODM") is the CEO, who is responsible for decisions about allocating resources and assessing performance of the Company. An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses, and is identified on the basis of the internal financial reports that are provided to and regularly reviewed by the Company’s CODM.

As described in Note 1, the Company started to operate the used car trading business in the second half of 2017 and stopped providing apartment rental financing to individuals and apartment agents, and financing to college students in 2016. As a result, the Company reevaluted its segments in the fourth quarter of 2017 and concluded that it had two remaining reportable segments as of and for the year ended December 31, 2017, namely Renren and Auto Group. The Auto Group segment mostly includes the sales of used cars as well as used car financing provided to used car dealerships while the Renren segment mostly includes the Company’s main social networking website and mobile services as well as our social video platform. The segment information for the years ended December 31, 2015 and 2016 were retrospectively revised to reflect such changes as follows:

	Year ended December 31, 2015						Year ended December 31, 2016						Year ended December 31, 2017
	Renren		Auto Group		Total		Renren		Auto Group		Total		Renren		Auto Group		Total

Net revenues	$	36,880		4,231		41,111		42,513		20,851		63,364		52,251		149,851		202,102
Cost of revenues		35,203		1,517		36,720		37,696		14,071		51,767		40,108		144,290		184,398
Operating expenses		107,211		2,486		109,697		68,918		15,692		84,610		80,403		25,178		105,581
Operating (loss) gain		(105,534)		228		(105,306)		(64,101)		(8,912)		(73,013)		(68,260)		(19,617)		(87,877)
Net loss from continuing operations		(221,851)		(1,326)		(223,177)		(183,638)		(10,415)		(194,053)		(85,237)		(25,266)		(110,503)
Net income from discontinued operations		1,520		-		1,520		8,701		-		8,701		-		-		-

Net loss	$	(220,331)		(1,326)		(221,657)		(174,937)		(10,415)		(185,352)		(85,237)		(25,266)		(110,503)

The Company does not allocate assets to its current operating segments as management does not believe that allocating these assets is useful in evaluating these segments’ performance. Accordingly, the Company has not made disclosure of total assets by reportable segment.

The majority of the Company's revenue for the years ended December 31, 2015, 2016 and 2017 was generated from the PRC.

As of December 31, 2015, 2016 and 2017, respectively, substantially all of long-lived assets of the Company were located in the PRC.

LOSSES PER SHARE

12 Months Ended

Dec. 31, 2017

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

22.

LOSSES 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,
	2015		2016		2017
Net loss:
Loss from continuing operations	$	(223,177)	$	(194,053)	$	(110,503)
Income from discontinued operations, net of tax		1,520		8,701		-

Net loss		(221,657)		(185,352)		(110,503)
Add: net loss attributable to noncontrolling interest		1,529		-		76

Net loss attributable to Renren Inc.	$	(220,128)	$	(185,352)	$	(110,427)

Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share-basic		1,019,378,556		1,022,664,396		1,028,537,406
Incremental weighted average ordinary shares from assumed exercise of stock options using the treasury stock method		7,857,646		4,512,567		-

Weighted average number of ordinary shares outstanding used in computing net income per ordinary share-diluted		1,027,236,202		1,027,176,963		1,028,537,406

Net loss per ordinary share attributable to Renren Inc. shareholders - basic:
Loss per ordinary share from continuing operations	$	(0.22)	$	(0.19)	$	(0.11)
Income per ordinary share from discontinued operations	$	0.00	$	0.01	$	-

Net loss per ordinary share attributable to Renren Inc. shareholders - basic:	$	(0.22)	$	(0.18)	$	(0.11)

Net loss per ordinary share attributable to Renren Inc. shareholders - diluted:
Loss per ordinary share from continuing operations	$	(0.22)	$	(0.19)	$	(0.11)
Income per ordinary share from discontinued operations	$	0.00	$	0.01	$	-

Net loss per ordinary share attributable to Renren Inc. shareholders - diluted:	$	(0.22)	$	(0.18)	$	(0.11)

For the years ended December 31, 2016 and 2017, 142,517,623 and 142,615,572 stock options and 3,354,015 and 9,668,727 nonvested shares were excluded from the calculation of diluted weighted average number of common shares, respectively, as their effect was anti-dilutive.

COMMITMENTS

12 Months Ended

Dec. 31, 2017

COMMITMENTS AND CONTINGENCY [Abstract]

COMMITMENTS AND CONTINGENCY

23.

COMMITMENTS

(1)

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 2027 and are renewable upon negotiation. Rental and bandwidth expenses under operating leases for 2015, 2016 and 2017 from continuing operations were $12,113, $5,964, and $5,926 respectively and from discontinued operations were $2,553, $183 and $nil, respectively.

Future minimum lease payments under such non-cancellable leases as of December 31, 2017 are as follows:

2018	$	6,366
2019		3,792
2020		3,031
2021 and thereafter		1,686

Total	$	14,875

(2)

Future minimum principal payments related to the Company’s long-term debts as of December 31, 2017 are as follows (see Note 13):

2018	$	59,260
2019		3,074
2020		44,591

Total	$	106,925

(3)

Unconditional investment commitment

The Company was obligated to pay up to $2,887 and $1,736 for the acquisition of investments under various arrangements as of December 31, 2016 and 2017, respectively.

EMPLOYEE BENEFIT PLAN

12 Months Ended

Dec. 31, 2017

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLAN

24.

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 operations were $10,032, $6,469 and $7,528 and from discontinued operations were $621, $85 and nil for the years ended December 31, 2015, 2016 and 2017, respectively.

OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2017

ORDINARY SHARES [Abstract]

OTHER COMPREHENSIVE INCOME (LOSS)

25.

OTHER COMPREHENSIVE INCOME

Movement of accumulated other comprehensive income is as follow:

	Foreign		Unrealized
	currency		gain (loss) on
	translation		available-for-sale
	adjustments		investments		Total

Balance as of December 31, 2014	$	9,267	$	(1,493)	$	7,774

Exchange difference		(7,777)		37,127		29,350

Balance as of December 31, 2015	$	1,490	$	35,634	$	37,124

Exchange difference		(10,994)		(19,247)		(30,241)

Balance as of December 31, 2016	$	(9,504)	$	16,387	$	6,883

Exchange difference		9,585		648		10,233

Balance as of December 31, 2017	$	81	$	17,035	$	17,116

STATUTORY RESERVE AND RESTRICTED NET ASSETS

12 Months Ended

Dec. 31, 2017

STATUTORY RESERVE AND RESTRICTED NET ASSETS [Abstract]

STATUTORY RESERVE AND RESTRICTED NET ASSETS

26.

STATUTORY RESERVE AND RESTRICTED NET ASSETS

In accordance with the Regulations on Enterprises with Foreign Investment of China and their articles of association, the Company’s subsidiaries and VIE entities located in the PRC, being foreign invested enterprises established in the PRC, are required to provide for certain statutory reserves. These statutory reserve funds include one or more of the following: (i) a general reserve, (ii) an enterprise expansion fund or discretionary reserve fund, and (iii) a staff bonus and welfare fund. Subject to certain cumulative limits, the general reserve fund requires a minimum annual appropriation of 10% of after-tax profit (as determined under accounting principles generally accepted in China at each year-end); the other fund appropriations are at the subsidiaries' or the affiliated PRC entities' discretion. These statutory reserve funds can only be used for specific purposes of enterprise expansion, staff bonus and welfare, and are not distributable as cash dividends except in the event of liquidation of the Company's subsidiaries, the Company's affiliated PRC entities and their respective subsidiaries. The Company's subsidiaries and VIE entities 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. As of December 31, 2017, none of the Company's PRC subsidiaries and VIE entities had a general reserve that reached the 50% of their registered capital threshold, therefore they will continue to allocate at least 10% of their after-tax profits to the general reserve fund.

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 these reserves by the Company's PRC subsidiaries was $nil, $nil and $nil for the years ended December 31, 2015, 2016 and 2017, respectively.

As a result of these PRC laws and regulations and the requirement that distributions by PRC entities can only be paid out of distributable profits computed in accordance with PRC GAAP, the PRC entities are restricted from transferring a portion of their net assets to the Company. Amounts restricted include paid-in capital and the statutory reserves of the Company's PRC subsidiaries and VIE entities. The aggregate amounts of capital and statutory reserves restricted which represented the amount of net assets of the relevant subsidiaries and VIE entities in the Company not available for distribution was $370,971 and $435,999 as of December 31, 2016 and 2017, respectively.

SUBSEQUENT EVENT

12 Months Ended

Dec. 31, 2017

SUBSEQUENT EVENT [Abstract]

SUBSEQUENT EVENT

27.

SUBSEQUENT EVENT

Stock incentive plan

On January 31, 2018, the Company approved a stock incentive plans specifically for Auto Group segment (the "Kaixin Auto Group 2018 Plan"), pursuant to which the maximum number of shares of the Company available for issurance pursuant to all awards thereunder shall be 40,000,000 ordinary shares of Kaixin Auto Group, a subsidiary of the Company.

Property disposal plan

On April 20, 2018, the Company entered into a contract with Shanghai Liandong Economic Development Company, Shanghai Zhenda Industrial Co., Ltd. and Shanghai Baoshan Xiershi Industrial Co., Ltd., selling the Company’s property located in Shanghai. The selling deposit amounted to $3,073 and the total selling price amounted to $61,210. The deposit was received in April 2018.

Additional Information - Financial Statement Schedule I Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2017

Schedule I Condensed Financial Information of Parent Company

Schedule I Condensed Financial Information of Parent Company

Additional Information - Financial Statement Schedule I

Condensed Financial Information of Parent Company

BALANCE SHEETS

(U.S. dollars in thousands, except share data and per share data, or otherwise noted)

	As of December 31,
	2016		2017
ASSETS

Current assets:
Cash and cash equivalents	$	15,694	$	97,697
Prepaid expenses and other current assets		-		5,179
Amounts due from subsidiaries		1,127,402		1,144,420

Total current assets		1,143,096		1,247,296

Long-term investments		232,952		209,605
Investment in subsidiaries		(529,991)		(687,629)

TOTAL ASSETS	$	846,057	$	769,272

LIABILITIES AND EQUITY

Current liabilities:
Short-term debt		30,000		-
Long-term debt - current		-		52,604
Accrued expenses and other current liabilities		1,446		15,508
Amounts due to related party		10,692		-

Total current liabilities		42,138		68,112

Long-term liabilities		52,604		20,000
Other non-current liabilities		12,849		6,356

TOTAL LIABILITIES	$	107,591	$	94,468

Equity:
Class A ordinary shares, $0.001 par value, 3,000,000,000 shares authorized, 719,651,418 and 726,549,453 shares issued and outstanding as of December 31, 2016 and 2017, respectively		720		727
Class B ordinary shares, $0.001 par value, 500,000,000 shares authorized, 305,388,450 and 305,388,450 shares issued and outstanding as of December 31, 2016 and 2017, respectively		305		305
Additional paid-in capital		1,266,592		1,303,117
Accumulated deficit		(536,034)		(646,461)
Accumulated other comprehensive income		6,883		17,116
Equity		738,466		674,804
TOTAL LIABILITIES AND EQUITY	$	846,057	$	769,272

Additional Information - Financial Statement Schedule I

Condensed Financial Information of Parent Company

STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

(U.S. dollars in thousands, except share data and per share data, or otherwise noted)

	Years ended December 31,
	2015		2016		2017
Selling and marketing	$	243	$	770	$	598
Research and development		780		1,363		1,092
General and administrative		28,811		25,477		33,519

Total operating expenses		29,834		27,610		35,209

Other (loss) income		(528)		307		1,385
Interest income		270		127		223
Interest expenses		(985)		(5,728)		(6,391)
Realized gain on short-term investments		4,102		-		-
(Loss) earnings in equity method investments		(3,516)		(3,968)		9,743
(Loss) gain on disposal of equity method investments		(534)		-		58,335
(Loss) gain on disposal of cost method investments		-		-		37,311
Equity in loss of subsidiaries and variable interest entities		(189,103)		(148,480)		(175,824)

Net loss	$	(220,128)	$	(185,352)	$	(110,427)

Other comprehensive (loss) income, net of tax:
Foreign currency translation		(7,777)		(10,994)		9,585
Net unrealized gain (loss) on available-for-sale investments, net of tax of $nil for the years ended December 31, 2015, 2016 and 2017, respectively		40,695		(18,518)		3,891
Transfer to statements of operations of realized gain on available-for-sale securities, net of tax of $nil for the years ended December 31, 2015, 2016 and 2017, respectively		(3,568)		(729)		(3,243)

Other comprehensive income (loss)	$	29,350	$	(30,241)	$	10,233
Comprehensive loss	$	(190,778)	$	(215,593)	$	(100,194)

Additional Information - Financial Statement Schedule I

Condensed Financial Information of Parent Company

STATEMENTS OF CASH FLOWS

(U.S. dollars in thousands, except share data and per share data, or otherwise noted)

	Years ended December 31,
	2015		2016		2017
Cash flows from operating activities:
Net loss	$	(220,128)	$	(185,352)	$	(110,427)
Equity in income of subsidiaries and variable interest entities		189,103		148,480		175,824
Share-based compensation expense		24,575		23,544		28,016
Gain on disposal of cost method investment		-		-		(37,311)
Exchange loss (gain) on offshore accounts		376		3		(1)
Gain on short-term investments and fair value change of derivatives		(4,102)		-		-
Loss (earnings) in equity method investment		4,050		3,968		(68,078)
Fair value change of liability-classified warrant		-		(105)		(195)

Changes in operating assets and liabilities:
Prepaid expenses and other current assets		2,796		107		(294)
Accrued expenses and other current liabilities		(5,040)		(1,689)		1,902
Other non-current liabilities		966		5,332		5,862
Increase in amounts due from subsidiaries		(128,551)		(65,055)		(27,710)

Net cash used in operating activities		(135,955)		(70,767)		(32,412)

Cash flows from investing activities:
Restricted cash		(15,370)		15,370		-
Decrease in term deposits		139,514		-		-
Proceeds from sale of available-for-sale securities		33,416		-		-
Proceeds from principal return on SoFi Loan Note		984		5,879		-
Proceeds from sale of equity method investment		-		18,460		91,926
Proceeds from sale of cost method investment		-		-		32,726
Capital distribution received from equity method investees		9,854		-		-
Dividend received from available-for-sale securities		137		-		-
Purchase of equity method investment		(172,331)		(1,000)		(500)
Purchase of cost method investment		(300)		-		-

Net cash (used in) provided by investing activities		(4,096)		38,709		124,152

Cash flows from financing activities:
Repurchase of ordinary shares		(10,292)		-		-
Proceeds from exercise of share options		1,231		1,430		262
Proceeds from borrowings		159,260		30,000		-
Restricted cash for debt borrowings		(100,000)		100,000		-
Repayment of borrowings		-		(100,000)		(10,000)
Proceeds from loan from a related party		-		10,692		-

Net cash provided by (used in) financing activities		50,199		42,122		(9,738)

Net (decrease) increase in cash and cash equivalents		(89,852)		10,064		82,002
Cash and cash equivalents at beginning of year		95,485		5,633		15,694
Effect of exchange rate changes		-		(3)		1
Cash and cash equivalents at end of year	$	5,633	$	15,694	$	97,697

1.	BASIS FOR PREPARATION

The condensed financial information of the Parent Company has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the Parent Company used the equity method to account for investments in its subsidiaries and VIE.

The condensed financial information is provided since the restricted net assets of the Company’s subsidiaries, VIE and VIE’s subsidiaries were $435,999, over 25% of the consolidated net assets of the Company as of December 31, 2017.

2.	INVESTMENTS IN SUBSIDIARIES, VIE AND VIE’S SUBSIDIARIES

The Parent Company and its subsidiaries, VIEs and VIEs' subsidiaries were included in the consolidated financial statements where inter-company balances and transactions were eliminated upon consolidation. For purpose of the Parent Company’s stand-alone financial statements, its investments in subsidiaries, VIEs and VIEs' subsidiaries were reported using the equity method of accounting. The Parent Company’s share of loss from its subsidiaries, VIEs and VIEs' subsidiaries were reported as share of loss of subsidiaries, VIEs and VIEs' subsidiaries in the accompanying Parent Company financial statements. Ordinarily under the equity method, an investor in an equity method investee would cease to recognize its share of the losses of an investee once the carrying value of the investment has been reduced to $nil absent an undertaking by the investor to provide continuing support and fund losses. For the purpose of this Schedule I, the Parent Company has continued to reflect its share, based on its proportionate interest, of the losses of subsidiaries, VIEs and VIEs' subsidiaries regardless of the carrying value of the investment even though the Parent Company is not obligated to provide continuing support or fund losses.

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2017

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

Business Combinations

Business combinations

Use of estimates

Use of estimates

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand.

Accounts receivable and allowance for doubtful accounts

Restricted cash

Restricted cash primarily consists of cash deposits used to secure debt borrowings of the Company which is expected to be released in accordance with the debt agreement.

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

Available-for-sale investment

Accounts receivable and allowance for doubtful accounts

Financing receivable

Financing receivable

In May 2016, the Company terminated all of its financing business conducted under the Intermediary Business Model. All subsequent financing has been performed by the Company.

Allowance for financing receivable

Allowance for financing receivable

Nonaccrual financing receivable

Nonaccrual financing receivable

Transfer of financial instruments

Transfer of financial instruments

Sales and transfers of financial instruments are accounted under authoritative guidance for the transfers and servicing of financial assets and extinguishment of liabilities.

Inventory

Intangible assets with indefinite lives

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

Intangible assets with indefinite lives

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

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

Research and development expenses

Goodwill

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

Revenue recognition

Revenue recognition

Used car sales

IVAS and others

IVAS and others revenue mainly include revenues from online advertising and revenue from live streaming services.

Online advertising revenues

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

Live streaming revenue

The Company generates live streaming revenue from both "Woxiu" and Renren mobile live streaming.

Internet finance services

Used car financing

Online game revenues

Cost of revenues

Business taxes

The Company reports revenue net of business taxes. Business taxes deducted in arriving at net revenue during 2015, 2016 and 2017 were $25, $77 and $nil, respectively.

Value added taxes

Cost of revenues

Cost of revenues

Business taxes

Business taxes

The Company reports revenue net of business taxes. Business taxes deducted in arriving at net revenue during 2015, 2016 and 2017 were $25, $77 and $nil, respectively.

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

Research and development expenses

Foreign currency translation

Foreign currency translation

Comprehensive loss

Comprehensive loss

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.

Loss per share

Loss per share

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

Accounting pronouncements newly adopted

Accounting pronouncements newly adopted

• Provides a “screen” for determining when a set is not a business.

• Narrows the definition of the term “output” to be consistent with the description of outputs in ASC 606.

Recent accounting pronouncements not yet adopted

Recent accounting pronouncements not yet adopted

The new guidance makes targeted improvements to existing US GAAP by:

Requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes;

Eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities;

⋅

Debt prepayment or debt extinguishment costs.

⋅

Settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing.

⋅

Contingent consideration payments made after a business combination.

⋅

Proceeds from the settlement of insurance claims.

⋅

Proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies.

⋅

Distributions received from equity method investees.

⋅

Beneficial interests in securitization transactions.

⋅

Separately identifiable cash flows and application of the predominance principle.

An entity with a material balance of amounts generally described as restricted cash and restricted cash equivalents must disclose information about the nature of the restrictions.

ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Statements, Captions [Line Items]

Schedule of percentage of legal ownership by Renren Inc

	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
Kaixin Auto Group (formerly named as Renren Wealth Inc.)	March 7, 2011	Cayman Islands		100	%	Investment holding
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		100	%	Investment holding
Renren Gongying Inc.	October 2, 2015	Cayman Islands		100	%	Investment holding
Renren Study Inc.	April 5, 2012	Cayman Islands		100	%	Investment holding
Renren Finance, Inc.	December 15, 2014	Cayman Islands		100	%	Internet business
Renren CRSP Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren CHYP Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren PLML Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren KURY Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren ONER Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren BLCR Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren ZHCH Holdings Inc.	October 14, 2016	Cayman Islands		100	%	Investment holding
Renren LSTAR Holdings Inc.	October 17, 2016	Cayman Islands		100	%	Investment holding
Renren CHRYPH Holdings Inc.	October 31, 2016	Cayman Islands		100	%	Investment holding
Renren SF Holdings Inc.	January 9, 2017	Cayman Islands		100	%	Investment holding
Oak Pacific Investment	September 14, 2017	Cayman Islands		100	%	Investment holding
Jet Sound Hong Kong Company Limited	May 7, 2011	Hong Kong		100	%	Investment holding
Renren Game Hong Kong Limited ("Game HK")	March 8, 2012	Hong Kong		100	%	Investment holding
Renren Giant Way Limited ("Renren Giant Way")	May 17, 2012	Hong Kong		100	%	Investment holding
Renren Lianhe (Hong Kong) Co. Limited.	May 16, 2016	Hong Kong		100	%	Investment holding
Renren Winday Company Limited.	July 26, 2016	Hong Kong		100	%	Investment holding
Renren Giantly Limited.	August 16, 2016	Hong Kong		100	%	Investment holding
Renren Gentle Height Company Limited.	December 7, 2016	Hong Kong		100	%	Investment holding
Chime Technologies, Inc.	September 7, 2012	USA		100	%	Internet business
Renren U.S. Holdco, Inc.	July, 2017	USA		100	%	Investment holding
Sindeo Inc.	July 3, 2017	USA		100	%	Internet business
Geographic Farming LLC	Auguest 24, 2017	USA		100	%	Internet business
Trucker Path Inc.	December 28, 2017	USA		100	%	Internet business
Qianxiang Shiji Technology Development (Beijing) Co., Ltd. ("Qianxiang Shiji")	March 21, 2005	PRC		100	%	Investment holding
Beijing Woxiu Information Technology Co. Ltd. ("Beijing Woxiu")	October 27, 2011	PRC		100	%	Investment holding
Beijing Jiexun Shiji Technology Development Co., Ltd. ("Jiexun Shiji")	April 26, 2012	PRC		100	%	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
Shanghai Renren Financial Leasing Co., Ltd	May 25, 2015	PRC		100	%	Internet business
Qianxiang Lianhe Technology Development (Beijing) Co., Ltd	November 12, 2016	PRC		100	%	Internet business
Shanghai Renren Automobile Technology Co., Ltd	August 18, 2017	PRC		100	%	Investment holding
Renren Zhenhan Technology Development (Beijing) Co., Ltd	November 13, 2017	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 Xiuxuan Brokers Co., Ltd.(“Guangzhou Xiuxuan”)	September 22, 2014	PRC		N/A		IVAS business
Beijing Qianxiang Yixin Technology Development Co., Ltd	September 1, 2016	PRC		N/A		Investment holding
Shanghai Qianxiang Changda Internet Information Technology Development Co., Ltd. ("Shanghai Changda")	October 25, 2010	PRC		N/A		Internet business
Shanghai Jieying Automobile Sales Co., Ltd. ("Shanghai Jieying")	Feburay 27, 2017	PRC		N/A		Automobile business

Subsidiaries of Variable Interest Entities:
Beijing Qianxiang Wangjing Technology Development Co., Ltd. ("Qianxiang Wangjing")	November 11, 2008	PRC		N/A		Internet business
Beijing Wole Shijie Information Technology Co., Ltd. ("Wole Shijie")	October 27, 2011	PRC		N/A		Technology development and service
Beijing Kirin Wings Technology Development Co., Ltd.	January 16, 2013	PRC		N/A		Internet business
Beijing Zhenzhong Hudong Information Technology Co., Ltd.	December 23, 2014	PRC		N/A		Internet business
Shanghai Wangjing Commercial Factoring Co., Ltd.	July 28, 2015	PRC		N/A		Factoring business
Beijing Jingwei Zhihui Information Technology Co., Ltd. (“Jingwei Zhihui”)	March 19, 2014	PRC		N/A		Internet business
Shanghai Wangjing Investment Management Co., Ltd.	April 20, 2015	PRC		N/A		Internet business
Shanghai Mumian Interactive Internet Information Service Co., Ltd.	June 16, 2016	PRC		N/A		IVAS business
Fenqi Winday Company Limited,	February 29, 2016	Hong Kong		N/A		Internet business
Guangzhou Qunge Information Technology Co., Ltd.	August 26, 2016	PRC		N/A		IVAS business
Tianjin Zhenzhong Interactive Information Technology Co., Ltd.	April 8, 2016	PRC		N/A		Investment holding
Beijing Qianxiang Wanxin Technology Development Co., Ltd.	November 18, 2016	PRC		N/A		Investment holding
Shanghai Heiguo Internet Information Technology Co., Ltd.	Feburary 27,2017	PRC		N/A		Investment holding
Renren (Tianjin) Insurance Broker Co,. Ltd.	August 24, 2017	PRC		N/A		Investment holding
Renren Zhencai Technology Development (Beijing) Co., Ltd.	December 15, 2017	PRC		N/A		Investment holding
Jieying Baolufeng Automobile Sales (Shenyang) Co., Ltd.	June 14, 2017	PRC		N/A		Automobile business
Chongqing Jieying Shangyue Automobile Sales Co., Ltd.	July 3, 2017	PRC		N/A		Automobile business
Jiangsu Jieying Ruineng Automobile Sales Co., Ltd.	May 16, 2017	PRC		N/A		Automobile business
Dalian Yiche Jieying Automobile Sales Co., Ltd.	June 27, 2017	PRC		N/A		Automobile business
Henan Jieying Hengxin Automobile Sales Co., Ltd.	June 29, 2017	PRC		N/A		Automobile business
Shandong Jieying Huaqi Automobile Service Co., Ltd.	July 20, 2017	PRC		N/A		Automobile business
Neimenggu Jieying Kaihang Automobile Sales Co., Ltd.	July 14, 2017	PRC		N/A		Automobile business
Hangzhou Jieying Yifeng Automobile Sales Co., Ltd.	August 1, 2017	PRC		N/A		Automobile business
Jilin Jieying Taocheguan Automobile Sales Co., Ltd.	October 31, 2017	PRC		N/A		Automobile business
Suzhou Jieying Chemaishi Automobile Sales Co., Ltd.	October 27, 2017	PRC		N/A		Automobile business
Cangzhou Jieying Bole Automobile Sales Co., Ltd.	August 10, 2017	PRC		N/A		Automobile business
Shanghai Jieying Diyi Automobile Sales Co., Ltd.	October 19, 2017	PRC		N/A		Automobile business
Ningxia Jieying Xianzhi Automobile Sales Co., Ltd.	July 26, 2017	PRC		N/A		Automobile business
Wuhan Jieying Chimei Automobile Sales Co., Ltd.	November 20, 2017	PRC		N/A		Automobile business

Schedule of Consolidated Assets Backed Financing Entities

	As of December 31,
	2016		2017

Financing receivable, net	$	73,549	$	78,485

Total assets	$	73,549	$	78,485

Accrued expenses and other current liabilities	$	4	$	4
Payable to investors		141		64,087
Long-term payable to investors		59,916		-

Total liabilities	$	60,061	$	64,091

	Years ended December 31,
	2015		2016		2017

Net revenues		-		-		-
Net loss		-	$	375	$	91

	Years ended December 31,
	2015		2016		2017

Net cash provided by operating activities		-		-		-
Net cash provided by investing activities		-		-		-
Net cash provided by financing activities		-		-		-

VIEs and their subsidiaries [Member]

Condensed Financial Statements, Captions [Line Items]

Schedule of consolidated financial information

	As of December 31,
	2016		2017

Cash and cash equivalents	$	55,908	$	8,188
Restricted cash		288		51
Short-term investments		410		-
Accounts receivable, net		4,702		1,584
Financing receivable, net		228,224		145
Inventory		-		95,012
Prepaid expenses and other current assets		17,988		37,422
Amounts due from related parties		10,219		11,624

Total current assets		317,739		154,026

Long-term financing receivable, net		330		-
Property and equipment, net		1,058		507
Long-term investments		36,470		43,979
Goodwill		-		89,274
Other non-current assets		876		835

Total non-current assets		38,734		134,595

Total assets	$	356,473	$	288,621

Accounts payable	$	5,423	$	19,476
Short-term debt		7,202		12,296
Accrued expenses and other current liabilities		11,277		17,498
Payable to investors		182,810		7,153
Amounts due to related parties		222		7,013
Deferred revenue		5,804		10,164
Contingent consideration		-		5,944
Income tax payable		7,163		10,380

Total current liabilities		219,901		89,924

Long-term contingent consideration		-		60,850

Total non-current liabilities		-		60,850

Total liabilities	$	219,901	$	150,774

	Years ended December 31,
	2015		2016		2017

Net revenues	$	39,017	$	61,948	$	181,253
Loss from continuing operations	$	(68,991)	$	(31,997)	$	(42,245)
Income from discontinued operations	$	4,302	$	829	$	-

	Years ended December 31,
	2015		2016			2017

Net cash provided by (used in) operating activities	$	34,652	$	68,374	$	(146,911)
Net cash (used in) provided by investing activities	$	(102,061)	$	(187,621)	$	22,943
Net cash provided by financing activities	$	55,928	$	148,080	$	37,208

DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2017

DISCONTINUED OPERATIONS [Line Items]

Cash Flow Statement, Discontinued Operations

	Years ended December 31,
	2015		2016

Net cash (used in) provided by operating activities	$	(10,164)	$	11,171
Net cash (used in) provided by investing activities	$	(1,304)	$	25

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

	Years ended December 31,
	2015		2016
	Renren Games		Renren Games

Major classes of line items constituting pretax profit of discontinued operations
Net revenues	$	17,071	$	1,699
Cost of revenues		(9,426)		(871)
Selling, research and development, and general and administrative expenses		(6,362)		(485)
Other income that are not major		1,181		150
Income from the operations of the discontinued operations, before income tax		2,464		493
Income tax expenses		(944)		(102)
Income from the operations of the discontinued operations, net of tax		1,520		391

Gain on deconsolidation of the subsidiaries, net of tax		-		8,310

Gain from the discontinued operations, net of tax	$	1,520	$	8,701

Renren Games [Member]

DISCONTINUED OPERATIONS [Line Items]

Schedule of calculation of gain (loss) on deconsolidation

	As of
	March 31, 2016

The proceeds	$	17,500
Less: The repayment of intercompany loans provided by the Company		7,500

Net consideration		10,000

Less: Cash and cash equivalents		15,982
Prepaid expenses and other current assets		2,737
Property and equipment, net		194
Intangible assets, net		263
Other non-current assets		1,508
Accounts payable		(1,209)
Accrued expenses and other current liabilities		(7,062)
Amount due to the Company		(7,500)
Deferred revenue		(3,677)

Net assets of Online Gaming		1,236

Less: Tax expenses		454

Gain on deconsolidation of Online Gaming	$	8,310

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760

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=64827811&loc=d3e1474-107760

Reference 4: 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=64827811&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760

+ Details

BUSINESS ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2017

	Shandong		Chongqing		Wuhan
Cash		-	$	2,727		-
Goodwill	$	26,550		11,719	$	10,405
NCI		7,965		4,334		3,121

The purchase price comprised of:
-cash consideration		-		818		-
-contingent consideration		18,585		9,294		7,284
Total	$	18,585	$	10,112	$	7,284

	Other used car dealer acquisitions
Cash	$	1,270
Goodwill		38,317
NCI		11,876

The purchase price comprised of:
-cash consideration		381
-contingent consideration		27,330
Total	$	27,711

Business Acquisition, Pro Forma Information [Table Text Block]

	Year ended December 31, 2017
	Shandong		Chongqing		Wuhan		Others

Net revenues	$	334	$	793		-	$	1,387

Net loss	$	(76)	$	(59)		-	$	(123)

Trucker Path Inc. [Member]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	US$
Consideration	$	7,616
Fair value of the 29% equity interests:
Carrying amount		5,587
Gain on re-measurement of fair value of noncontrolling equity investment		(2,903)
Total	$	10,300

			Amortization
	US$		period
Net working capital	$	139
Other current assets		5,016
Intangible assets
Customer relationship		610		3
Technology platform		325
Trade name		540		3
Goodwill		7,952
Other current liabilities		(4,282)

Total	$	10,300

Business Acquisition, Pro Forma Information [Table Text Block]

	For the years ended
	December 31, 2016		December 31, 2017

Pro forma net revenues	$	63,404	$	203,391
Pro forma net loss	$	(193,704)	$	(116,397)

ACCOUNTS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2017

ACCOUNTS AND NOTES RECEIVABLE [Abstract]

Schedule of accounts receivable

	As of December 31,
	2016		2017

Accounts receivable	$	7,541	$	9,116
Allowance of doubtful accounts		(2,839)		(2,856)

Accounts receivable, net	$	4,702	$	6,260

Schedule of movement of allowance for doubtful accounts

	As of December 31,
	2015		2016		2017

Balance at beginning of year	$	2,946	$	3,252	$	2,839
Charge to expenses		788		(205)		46
Exchange difference		(482)		(208)		(29)

Balance at end of year	$	3,252	$	2,839	$	2,856

FINANCING RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2017

FINANCING RECEIVABLE [Abstract]

Schedule of financing receivable

	As of December 31,
	2016		2017
Current financing receivable
Used car financing	$	277,684	$	129,018
Financing for installment sales		11,205		2,177
Other financing		27,775		1,306
Net deferred origination costs		176		-
Less allowance for financing receivable		(15,067)		(7,023)
Current financing receivable, net	$	301,773	$	125,478

Long-term financing receivable
Used car financing	$	53	$	8
Financing for installment sales		324		-
Less allowance for long-term financing receivable		(47)		-
Long-term financing receivable, net	$	330	$	8

Schedule of nonaccrual financing receivable

	As of December 31,
	2016		2017

Used car financing	$	3,352	$	7,373
Financing for installment sales		6,817		2,051
Other financing		4,945		1,286
	$	15,114	$	10,710

Schedule of aging of financing receivable

	0-90		over 90		total
	days		days		financing
	aging		aging		receivable

Used car financing	$	121,653	$	7,373	$	129,026
Financing for installment sales		229		1,948		2,177
Other financing		138		1,168		1,306
	$	122,020	$	10,489	$	132,509

As of December 31, 2017, a total of $10,021 and $10,489 of financing receivables are past due and are respectively reflected in the 0-90 days aging and over 90 days aging table above.

The following table presents the aging of financing receivable as of December 31, 2016.

	0-90		over 90		total
	days		days		financing
	aging		aging		receivable

Used car financing	$	275,007	$	2,730	$	277,737
Financing for installment sales		4,712		6,817		11,529
Other financing		23,734		4,041		27,775
	$	303,453	$	13,588	$	317,041

Schedule of movement of allowance for financing receivable

	As of December 31,
	2015		2016		2017

Balance at beginning of year	$	-	$	(3,583)	$	(15,114)
Charge to cost of revenues		(3,665)		(12,436)		(12,745)
Write off of financing receivable		-		119		22,178
Exchange difference		82		786		(1,342)

Balance at end of year	$	(3,583)	$	(15,114)	$	(7,023)

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2017

PREPAID EXPENSES AND OTHER CURRENT ASSETS [Abstract]

Schedule of prepaid expenses and other current assets

		As of December 31,
	Note	2016		2017

Advances to third parties	(i)	$	721	$	14,457
Prepaid expenses			2,341		3,925
Deposits			4,259		4,308
Loan to third parties			1,261		2,720
Funds receivable	(ii)		4,495		3,880
Receivable from brokers	(iii)		5,853		-
Disposal of Mapbar Technology Limited (”Mapbar”)			-		4,585
Disposal of online wealth management business			-		3,482
Other receivable	(iv)		-		4,209
Other current assets			1,819		8,617

Total		$	20,749	$	50,183

(i)

(ii)

(iii)

(iv)

LONG-TERM INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2017

LONG-TERM INVESTMENTS [Abstract]

Schedule of long-term investments

		As of December 31,
	Note	2016		2017

Equity method investments:
Social Finance Inc. ("SoFi")	(i)	$	231,952	$	208,694
Eall (Tianjin) Network Technology Co., Ltd. ("Eall Network")	(xiii)		18,137		18,458
Golden Axe	(ii)		16,243		14,268
Others	(iii)		91,394		77,391

Total equity method investments			357,726		318,811

Cost method investments:
Hylink Advertising Co., Ltd. ("Hylink")	(iv)		2,161		-
StoreDot Ltd. ("StoreDot")	(v)		10,001		10,001
GoGo Tech Holdings Limited ("GoGo")	(vi)		11,127		11,127
Motif Investing Inc. ("Motif")	(vii)		7,700		5,475
LendingHome Corporation ("LendingHome")	(viii)		65,843		65,843
Credit Shop Inc. ("Credit Shop")	(ix)		35,000		-
Eunke Technology Ltd. ("Eunke")	(x)		25,000		13,438
Others	(xi)		37,605		38,913

Total cost method investments			194,437		144,797

Available-for-sale investments:
Snowball Finance Inc. ("Snowball")	(xii)		36,337		26,070
Eall Technology Limited ("Eall")	(xiii)		2,892		2,892
268V Limited	(xiv)		24,170		12,207
Omni Prime Inc. ("Omni")	(xv)		27,053		27,637
Zhu Chao Holding Company Limited ("Zhu Chao")	(xvi)		18,722		-
Hylink Advertising Co., Ltd.	(iv)		-		9,794
Others	(xvii)		34,011		23,158

Total available-for-sale investments			143,185		101,758

Total long-term investments		$	695,348	$	565,366

Equity method investments

(i)

(ii)

(iii)

Others represents other equity method investments with individual carrying amounts less than $15,000 as of December 31, 2016 and 2017, respectively.

(iv)

(v)

(vi)

(vii)

(viii)

(ix)

(x)

(xi)

Others represents other cost method investments with individual carrying amount less than $10,000 as of December 31, 2016 and 2017, respectively.

(xii)

The Company has determined that the Series C Preferred Shares are redeemable at the option of the investors according to the redemption terms further included below:

	(1)	Each holder of the preferred shares then outstanding may require Snowball to redeem all but not less than all of the then outstanding preferred shares held by such requesting holder, at any time after the earliest of (i) five years from the issuance of the preferred shares if there is no firm commitment underwritten registered public offering of the shares or other securities of Snowball, (ii) any material adverse change in the regulatory environment, or (iii) any material breach by Snowball and/or the founders of Snowball of the preferred share purchase agreements, the shareholders’ agreement, the Amended Memorandum and Articles of Snowball, or other relevant agreements and documents.

	(2)	The redemption price per preferred share shall be the sum of the original issue price (as adjusted) and all declared but unpaid dividends, plus an assumed 8 percent compounded per annum return for each year the preferred shares were outstanding.

(xiii)

(1)

(2)

As such, the Company determined that they are debt securities in nature and accounted for those as available-for-sale securities.

(xiv)

	(1)	At the option of a holder of the preferred shares, 268V Limited shall redeem all, or any, of the outstanding preferred shares held by the requesting holder, at any time after the earliest of (i) the date that there is a material breach by 268V Limited or by any direct or indirect owners of the ordinary shares of 268V Limited, of the preferred share purchase agreements, the shareholder agreement, the restated Articles, and other relevant agreements and documents, (ii) any material adverse change in the regulatory environment that will cause the agreements that provide 268V Limited the control over its variable interest entity to be invalid or unenforceable, or (iii) the failure by 268V Limited to complete a firm underwritten public offering of the shares or other equity securities within five years from the issuance date of the preferred shares.

	(2)	The redemption price shall be equal to the greater of (i) an amount equal to the sum of the original issue price (as adjusted), plus an assumed 12 percent compounded per annum return for each year the preferred shares were outstanding, and all declared but unpaid dividends thereon up to the date of redemption or (ii) the fair market value of each preferred share.

(xv)

	(1)	If so requested by any holder of the preferred shares, Omni shall redeem all or part of such outstanding preferred shares, at any time after the earliest of (i) July 30, 2021, if Omni has not consummated an underwritten public offering of its ordinary shares, (ii) any change of laws or policy with respect to the validity of the agreements that provide Omni with control over its variable interest entity, (iii) any competent governmental authority having determined that it is illegal for Omni to carry on its business as conducted and as proposed to be conducted in accordance with applicable laws, regulations, policies or discretion of competent governmental authorities, and Omni has been unable to carry on such business for at least 3 consecutive months due to such determination or (iv) any material breach by Omni and/or its founders of the preferred share purchase agreements, shareholder agreement or relevant agreements and documents.

	(2)	The price at which each preferred share shall be redeemed shall be equal to the greater of (i) 150 percent of the original issue price of such preferred shares and (ii) the fair market value of such preferred shares.

(xvi)

	(1)	Each holder of the then outstanding preferred shares is entitled to request Zhu Chao to redeem all or part of its outstanding preferred shares on or after the earliest of (i) August 10, 2020, if there has been no firm commitment underwritten public offering of the ordinary shares of Zhu Chao, (ii) the last date of the three-month period commencing from the delivery of notice of the occurrence of any PRC regulatory development by the majority preferred shareholders to Zhu Chao, if, during such three-month period, the ordinary shareholders of Zhu Chao have failed to devise a feasible alternative legal structure reasonably satisfactory to the majority preferred shareholders that will give effect to the rights and preferences of the preferred shareholders under the Memorandum and Articles of Zhu Chao, the preferred share purchase agreement, the shareholder agreement and other relevant agreements and documents (“Zhu Chao Transaction Agreements”), as closely as possible, or (iii) the occurrence of any material breach by Zhu Chao or any holder of the ordinary shares of Zhu Chao of any of the Zhu Chao Transaction Agreements.

	(2)	The redemption price per preferred share shall be the amount equal to 200 percent the original issue price of the preferred share, plus all accrued or declared but unpaid dividends on such preferred share.

(xvii)

Others represents other long-term available-for-sale investments with individual carrying amount less than $10,000 as of December 31, 2016 and 2017, respectively.

Summary of financial information of the equity method investments

The summarized financial information for all of the Company’s equity method investments were as follows:

	As of December 31,
	2016		2017

Total current assets	$	7,176,015	$	10,070,446
Total assets	$	7,250,680	$	10,151,227
Total current liabilities	$	5,200,536	$	7,825,929
Total liabilities	$	5,340,139	$	7,997,108
Noncontrolling interests	$	443,885	$	-

	For the years ended December 31,
	2015			2016			2017

Net revenues	$	199,069		$	406,686		$	673,420
Gross profits	$	167,512		$	351,782		$	579,076
(Loss) income from continuing operations	$	(58,658	)	$	(25,455	)	$	30,669
Net (loss) income	$	(58,658	)	$	(25,455	)	$	30,669

Schedule of long-term available-for-sale investments

As of December 31, 2016 and 2017, the Company held following long-term available-for-sale investments:

	As of December 31, 2017									As of December 31, 2016
			Gross		Other-than							Gross		Other-than
			unrealized		-temporary			Fair				unrealized		-temporary			Fair
	Cost		gains		impairment			value		Cost		gains		impairment			value

Convertible redeemable preferred shares	$	165,524	$	9,745	$	(89,805	)	$	85,464	$	172,928	$	16,387	$	(50,830	)	$	138,485
Convertible debt		7,500		-		(1,000	)		6,500		4,700		-		-			4,700
Equity securities		2,305		7,489		-			9,794		-		-		-			-

Total	$	175,329	$	17,234	$	(90,805	)	$	101,758	$	177,628	$	16,387	$	(50,830	)	$	143,185

PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2017

PROPERTY AND EQUIPMENT, NET [Abstract]

Schedule of Property and equipment, net

	As of December 31,
	2016		2017

Building	$	29,989	$	32,002
Computer equipment and application software		18,724		17,821
Furniture and vehicles		137		312
Leasehold improvements		775		809

	$	49,625	$	50,944
Less: Accumulated depreciation	$	(20,869)	$	(21,322)
Less: Accumulated impairment loss		(90)		(90)

	$	28,666	$	29,532

Goodwill (Tables)

12 Months Ended

Dec. 31, 2017

GOODWILL. [Abstract]

Schedule of changes in carrying amounts of goodwill

	Amount

Balance at January 1, 2017		-
Increase in goodwill related to acquisitions	$	99,654
Exchange difference		2,283
Balance at December 31, 2017	$	101,937

SHORT-TERM DEBT AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2017

SHORT-TERM DEBT AND LONG-TERM DEBT [Abstract]

Schedule of Short-term Debt

Short-term debt

		As of December 31,
	Note	2016		2017

East West Bank	(i)	$	30,000	$	-
Bank of Shanghai	(ii)		7,202		12,296
Hengfeng Bank	(iii)		-		49,183

Total		$	37,202	$	61,479

(i)

	(ii)	In November 2016, the Company entered into a short-term loan agreement with Bank of Shanghai for $7,202. The loan bears an annual interest rate of 141.5% of the one year loan interest rate quoted by the People’s Bank of China and has a loan period of six months. The Chief Operating Officer (“COO”) of the Company provided joint and several liability guarantee for the loan. The Company repaid the loan in May 2017. In May and August 2017, the Company entered into five short-term loan agreements with Bank of Shanghai for $12,296. The loans bear an annual interest rates ranging from 137.9% to 149.4% of the one year loan interest rate quoted by the People’s Bank of China and have loan periods ranging from eight to eleven months. The Company repaid the loans in April 2018. In February 2017, the Company entered into a six-month loan agreement with Bank of Shanghai for $4,358. The loan bears an annual interest rates of 143.5% of the one year loan interest rate quoted by the People’s Bank of China and has a loan period of five months. The Company repaid the loan in August 2017.

	(iii)	In March 2017, the Company entered into a loan agreement with Hengfeng Bank for $33,045. The loan bears an annual interest rate of 109.2% of the one year loan interest rate quoted by the People’s Bank of China. The Company repaid $2,305 of the principal during the year ended December 31, 2017. $3,074 of the principal is due during the year ended December 31, 2018 and the remaining balance, classified as long-term debt, is due during the years ended December 31, 2019 and 2020.

Schedule Of Long Term Debt Current

Long-term debt – current

		As of December 31,
	Note	2016		2017

A trust company	(v)		-	$	52,604

Total			-	$	52,604

Schedule of Long-term Debt Instruments

Long-term debt –non current

		As of December 31,
	Note	2016		2017

An asset management company	(iv)	$	42,786	$	-
A trust company	(v)		52,604		-
Hengfeng Bank and East West Bank	(iii) (i)		-		47,665

Total		$	95,390	$	47,665

(iv)

(v)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of accrued expenses and other payables

		As of December 31,
		2016		2017

Employee payroll and welfare payables		$	2,800	$	3,437
Other tax payable			7,013		12,676
Accrued professional, marketing and leasing fees			3,965		6,032
Interest payable	(i)		1,761		13,472
Other payables			4,242		10,281

Total		$	19,781	$	45,898

(i)

The balance mainly include the interest payable of Long-term debt - current (see Note 13 (v)).

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

INCOME TAXES [Abstract]

Schedule of 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

	Years ended December 31,
	2015		2016		2017

Current income tax expenses	$	3,124	$	2,470	$	4,479
Deferred income tax expenses		-		-		-
Total income tax expenses	$	3,124	$	2,470	$	4,479

Schedule of principal components of the deferred tax assets and liabilities

	As of December 31,
	2016		2017

Deferred tax assets
Provision for doubtful accounts	$	5,339	$	3,422
Accrued payroll and welfare		700		809
Accrued liabilities		2,409		2,414
Long term investment impairment		-		2,328
Excessive advertising fee		1,572		1,990
Excessive employee education fee		150		161
Net operating loss carry forwards		54,567		55,745
Less valuation allowance		(64,737)		(66,869)

Deferred tax assets, net	$	-	$	-

Deferred tax liabilities	$	-	$	-

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,
	2015			2016			2017

Loss before provision of income tax	$	(214,585)		$	(173,400)		$	(173,264)
PRC statutory income tax rate		25	%		25	%		25	%
Income tax at statutory tax rate		(53,646)			(43,350)			(43,316)
Taxable deemed interest income from inter-company interest-free loans		5,632			6,925			7,288
Non-deductible loss and other expenses not deductible for tax purposes		41,114			42,571			37,096
Effect of income tax rate differences in jurisdictions other than the PRC		(27)			(54)			709
Effect of tax holidays		-			-			570
Changes in valuation allowance		10,051			(3,622)			2,132
Income tax expenses	$	3,124		$	2,470		$	4,479

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2017

FAIR VALUE MEASUREMENTS [Abstract]

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

	As of December 31, 2016								As of December 31, 2017
	Fair Value Measurement at the Reporting Date using								Fair Value Measurement at the Reporting Date using
	Quoted price in active markets for identical assets Level 1		Significant other observable inputs Level 2		Significant unobservable inputs Level 3		Total		Quoted price in active markets for identical assets Level 1		Significant other observable inputs Level 2		Significant unobservable inputs Level 3		Total

Short-term investments
Trading securities:
Funds		411		-		-		411		-		-		-		-
Future		(1)		-		-		(1)		-		-		-		-
Long-term investments
Available-for-sale investments:
Convertible redeemable preferred shares		-		-		138,485		138,485		-		-		85,464		85,464
Convertible debt		-		-		4,700		4,700		-		-		6,500		6,500
Equity securities		-		-		-		-		-		9,794		-		9,794
Accrued expense and other current liabilities
Liability-classified warrant		-		-		(6,551)		(6,551)		-		-		(6,356)		(6,356)
Total	$	410		-	$	136,634	$	137,044		-		9,794	$	85,608	$	95,402

Summary of additional information about the reconciliation of the fair value measurements using significant unobservable inputs level 3

	Convertible
	redeemable				Written		Liability-
	preferred		Convertible		put		classified
	shares		Debt		option		warrant

Balance as of December 31, 2015	$	219,278	$	6,500	$	(7,000)	$	(6,656)
Initial recognition		6,492		3,200		-		-
Derecognition		(17,937)		(5,000)		7,000		-
(Losses) earnings for the period
Earnings		-		-		-		105
Impairment losses		(50,830)		-		-
Other comprehensive loss		(18,518)		-		-		-

Balance as of December 31, 2016	$	138,485	$	4,700	$	-	$	(6,551)

Initial recognition		-		3,000		-		-
Derecognition		(10,647)		(200)		-		-
(Losses) earnings for the period
Earnings		-		-		-		195
Impairment losses		(38,975)		(1,000)		-		-
Other comprehensive loss		(3,399)		-		-		-

Balance as of December 31, 2017	$	85,464	$	6,500	$	-	$	(6,356)

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques

The liability-classified warrant was valued using Black-Scholes model with the following assumptions.

	Years ended December 31,
	2016			2017
Exercise price	$	15.78		$	15.78
Annual risk-free interest rate		1.7	%		2.0	%
Volatility		28	%		31	%
Dividend yield		-			-

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2017

SHARE-BASED COMPENSATION [Abstract]

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,
	2016
	Using binomial model
Risk-free interest rate		2.0	%
Volatility		50	%
Expected term (in years)		10
Exercise price	$	1.227
Dividend yield		-

Summary of information with respect to share options outstanding

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

$0.08~$0.18		442,515		1.62	$	0.18	$	227		442,455		1.62	$	0.18	$	227
$0.3~$0.48		141,039,101		6.40	$	0.48		30,276		105,631,485		5.96	$	0.48		22,676
		141,481,616					$	30,503		106,073,940					$	22,903

Summary of the activity of the stock options granted

			Weighted		Weighted
			average		average
	Number of		exercise		grant date
	shares		price		fair value

Balance, December 31, 2016		145,446,560	$	0.96	$	0.63

Exercised		(1,715,895)	$	0.33	$	0.30
Forfeited		(2,249,049)	$	0.36	$	0.16

Balance, December 31, 2017		141,481,616	$	0.48	$	0.64

Exercisable, December 31, 2017		106,073,940	$	0.48

Expected to vest, December 31, 2017		35,407,676	$	0.48

Summary of the nonvested restricted shares activity

			Weighted
	Weighted		average fair
	number of		value
	nonvested		per ordinary
	restricted		share at the
	shares		grant dates
Outstanding as of December 31, 2016		15,935,208		1.00

Granted		1,475,608		0.53
Vested		(5,182,140)		1.01
Forfeited		(1,425,993)		0.90

Outstanding as of December 31, 2017		10,802,683		0.95

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,
	2015		2016		2017

Gross amount:
Selling and marketing	$	243	$	770	$	598
Research and development		781		1,363		1,092
General and administrative		25,481		21,411		26,326
		26,505		23,544		28,016
Expense recorded in discontinued operations		1,736		-		-

Total share-based compensation expense	$	28,241	$	23,544	$	28,016

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of amount due from related parties

As of December 31, 2016 and 2017, amounts due from related parties were $13,419 and $15,224, respectively, and details are as follows:

		As of December 31,
	Note	2016		2017

Tianjin Yi Chuang Xin He Information Technology Co., Ltd., (“Yi Chuang Xin He”), a subsidiary of Eall, available-for-sale investee of the Company	(i)		10,082		10,759
Others			3,337		4,465

Total		$	13,419	$	15,224

(i)

Schedule of amount due to related parties

Amounts due to related parties

		As of December 31,
		2016		2017

Eall	(i)	$	10,692	$	10,692
Others			222		7,054

Total		$	10,914	$	17,746

(i)

The balance represents the loan provided by Eall (see Note 20 (i)).

Schedule of transactions with related parties for amount due from related parties

	Years ended December 31,
	2015		2016		2017

Loan to Beautiful Bay Co., Ltd, substantially controlled by the majority shareholder of OPH which is controlled by the CEO of the Company	$	4,775	$	-	$	-
Loan to Yi Chuang Xin He		-		10,542		-
Loan to Beijing Yunke Logistics Co., Ltd, a subsidiary of Eunke, cost method investee of the Company		-		-		8,591
Others		182		4,083		3,069

Total	$	4,957	$	14,625	$	11,660

Schedule of transactions with related parties for amount due to related parties

	Years ended December 31,
	2015		2016		2017

Loan from Eall	$	-	$	10,692	$	-
Others		152		413		333

Total	$	152	$	11,105	$	333

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

SEGMENT INFORMATION [Abstract]

Schedule of segment information

	Year ended December 31, 2015						Year ended December 31, 2016						Year ended December 31, 2017
	Renren		Auto Group		Total		Renren		Auto Group		Total		Renren		Auto Group		Total

Net revenues	$	36,880		4,231		41,111		42,513		20,851		63,364		52,251		149,851		202,102
Cost of revenues		35,203		1,517		36,720		37,696		14,071		51,767		40,108		144,290		184,398
Operating expenses		107,211		2,486		109,697		68,918		15,692		84,610		80,403		25,178		105,581
Operating (loss) gain		(105,534)		228		(105,306)		(64,101)		(8,912)		(73,013)		(68,260)		(19,617)		(87,877)
Net loss from continuing operations		(221,851)		(1,326)		(223,177)		(183,638)		(10,415)		(194,053)		(85,237)		(25,266)		(110,503)
Net income from discontinued operations		1,520		-		1,520		8,701		-		8,701		-		-		-

Net loss	$	(220,331)		(1,326)		(221,657)		(174,937)		(10,415)		(185,352)		(85,237)		(25,266)		(110,503)

LOSSES PER SHARE (Tables)

12 Months Ended

Dec. 31, 2017

EARNINGS PER SHARE [Abstract]

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

	Years ended December 31,
	2015		2016		2017
Net loss:
Loss from continuing operations	$	(223,177)	$	(194,053)	$	(110,503)
Income from discontinued operations, net of tax		1,520		8,701		-

Net loss		(221,657)		(185,352)		(110,503)
Add: net loss attributable to noncontrolling interest		1,529		-		76

Net loss attributable to Renren Inc.	$	(220,128)	$	(185,352)	$	(110,427)

Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share-basic		1,019,378,556		1,022,664,396		1,028,537,406
Incremental weighted average ordinary shares from assumed exercise of stock options using the treasury stock method		7,857,646		4,512,567		-

Weighted average number of ordinary shares outstanding used in computing net income per ordinary share-diluted		1,027,236,202		1,027,176,963		1,028,537,406

Net loss per ordinary share attributable to Renren Inc. shareholders - basic:
Loss per ordinary share from continuing operations	$	(0.22)	$	(0.19)	$	(0.11)
Income per ordinary share from discontinued operations	$	0.00	$	0.01	$	-

Net loss per ordinary share attributable to Renren Inc. shareholders - basic:	$	(0.22)	$	(0.18)	$	(0.11)

Net loss per ordinary share attributable to Renren Inc. shareholders - diluted:
Loss per ordinary share from continuing operations	$	(0.22)	$	(0.19)	$	(0.11)
Income per ordinary share from discontinued operations	$	0.00	$	0.01	$	-

Net loss per ordinary share attributable to Renren Inc. shareholders - diluted:	$	(0.22)	$	(0.18)	$	(0.11)

COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2017

COMMITMENTS AND CONTINGENCY [Abstract]

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

2018	$	6,366
2019		3,792
2020		3,031
2021 and thereafter		1,686

Total	$	14,875

Schedule of future minimum payments related to long-term debts

2018	$	59,260
2019		3,074
2020		44,591

Total	$	106,925

OTHER COMPREHENSIVE INCOME (Tables)

12 Months Ended

Dec. 31, 2017

ORDINARY SHARES [Abstract]

Schedule Of Comprehensive Income (Loss)

Movement of accumulated other comprehensive income is as follow:

	Foreign		Unrealized
	currency		gain (loss) on
	translation		available-for-sale
	adjustments		investments		Total

Balance as of December 31, 2014	$	9,267	$	(1,493)	$	7,774

Exchange difference		(7,777)		37,127		29,350

Balance as of December 31, 2015	$	1,490	$	35,634	$	37,124

Exchange difference		(10,994)		(19,247)		(30,241)

Balance as of December 31, 2016	$	(9,504)	$	16,387	$	6,883

Exchange difference		9,585		648		10,233

Balance as of December 31, 2017	$	81	$	17,035	$	17,116

Additional Information - Financial Statement Schedule I Condensed Financial Information of Parent Company (Tables)

12 Months Ended

Dec. 31, 2017

Schedule I Condensed Financial Information of Parent Company

Condensed Balance Sheets

Additional Information - Financial Statement Schedule I

Condensed Financial Information of Parent Company

BALANCE SHEETS

(U.S. dollars in thousands, except share data and per share data, or otherwise noted)

	As of December 31,
	2016		2017
ASSETS

Current assets:
Cash and cash equivalents	$	15,694	$	97,697
Prepaid expenses and other current assets		-		5,179
Amounts due from subsidiaries		1,127,402		1,144,420

Total current assets		1,143,096		1,247,296

Long-term investments		232,952		209,605
Investment in subsidiaries		(529,991)		(687,629)

TOTAL ASSETS	$	846,057	$	769,272

LIABILITIES AND EQUITY

Current liabilities:
Short-term debt		30,000		-
Long-term debt - current		-		52,604
Accrued expenses and other current liabilities		1,446		15,508
Amounts due to related party		10,692		-

Total current liabilities		42,138		68,112

Long-term liabilities		52,604		20,000
Other non-current liabilities		12,849		6,356

TOTAL LIABILITIES	$	107,591	$	94,468

Equity:
Class A ordinary shares, $0.001 par value, 3,000,000,000 shares authorized, 719,651,418 and 726,549,453 shares issued and outstanding as of December 31, 2016 and 2017, respectively		720		727
Class B ordinary shares, $0.001 par value, 500,000,000 shares authorized, 305,388,450 and 305,388,450 shares issued and outstanding as of December 31, 2016 and 2017, respectively		305		305
Additional paid-in capital		1,266,592		1,303,117
Accumulated deficit		(536,034)		(646,461)
Accumulated other comprehensive income		6,883		17,116
Equity		738,466		674,804
TOTAL LIABILITIES AND EQUITY	$	846,057	$	769,272

Condensed Statements of Operations And Comprehensive (Loss) Income

Additional Information - Financial Statement Schedule I

Condensed Financial Information of Parent Company

STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

(U.S. dollars in thousands, except share data and per share data, or otherwise noted)

	Years ended December 31,
	2015		2016		2017
Selling and marketing	$	243	$	770	$	598
Research and development		780		1,363		1,092
General and administrative		28,811		25,477		33,519

Total operating expenses		29,834		27,610		35,209

Other (loss) income		(528)		307		1,385
Interest income		270		127		223
Interest expenses		(985)		(5,728)		(6,391)
Realized gain on short-term investments		4,102		-		-
(Loss) earnings in equity method investments		(3,516)		(3,968)		9,743
(Loss) gain on disposal of equity method investments		(534)		-		58,335
(Loss) gain on disposal of cost method investments		-		-		37,311
Equity in loss of subsidiaries and variable interest entities		(189,103)		(148,480)		(175,824)

Net loss	$	(220,128)	$	(185,352)	$	(110,427)

Other comprehensive (loss) income, net of tax:
Foreign currency translation		(7,777)		(10,994)		9,585
Net unrealized gain (loss) on available-for-sale investments, net of tax of $nil for the years ended December 31, 2015, 2016 and 2017, respectively		40,695		(18,518)		3,891
Transfer to statements of operations of realized gain on available-for-sale securities, net of tax of $nil for the years ended December 31, 2015, 2016 and 2017, respectively		(3,568)		(729)		(3,243)

Other comprehensive income (loss)	$	29,350	$	(30,241)	$	10,233
Comprehensive loss	$	(190,778)	$	(215,593)	$	(100,194)

Condensed Statements of Cash Flows

Additional Information - Financial Statement Schedule I

Condensed Financial Information of Parent Company

STATEMENTS OF CASH FLOWS

(U.S. dollars in thousands, except share data and per share data, or otherwise noted)

	Years ended December 31,
	2015		2016		2017
Cash flows from operating activities:
Net loss	$	(220,128)	$	(185,352)	$	(110,427)
Equity in income of subsidiaries and variable interest entities		189,103		148,480		175,824
Share-based compensation expense		24,575		23,544		28,016
Gain on disposal of cost method investment		-		-		(37,311)
Exchange loss (gain) on offshore accounts		376		3		(1)
Gain on short-term investments and fair value change of derivatives		(4,102)		-		-
Loss (earnings) in equity method investment		4,050		3,968		(68,078)
Fair value change of liability-classified warrant		-		(105)		(195)

Changes in operating assets and liabilities:
Prepaid expenses and other current assets		2,796		107		(294)
Accrued expenses and other current liabilities		(5,040)		(1,689)		1,902
Other non-current liabilities		966		5,332		5,862
Increase in amounts due from subsidiaries		(128,551)		(65,055)		(27,710)

Net cash used in operating activities		(135,955)		(70,767)		(32,412)

Cash flows from investing activities:
Restricted cash		(15,370)		15,370		-
Decrease in term deposits		139,514		-		-
Proceeds from sale of available-for-sale securities		33,416		-		-
Proceeds from principal return on SoFi Loan Note		984		5,879		-
Proceeds from sale of equity method investment		-		18,460		91,926
Proceeds from sale of cost method investment		-		-		32,726
Capital distribution received from equity method investees		9,854		-		-
Dividend received from available-for-sale securities		137		-		-
Purchase of equity method investment		(172,331)		(1,000)		(500)
Purchase of cost method investment		(300)		-		-

Net cash (used in) provided by investing activities		(4,096)		38,709		124,152

Cash flows from financing activities:
Repurchase of ordinary shares		(10,292)		-		-
Proceeds from exercise of share options		1,231		1,430		262
Proceeds from borrowings		159,260		30,000		-
Restricted cash for debt borrowings		(100,000)		100,000		-
Repayment of borrowings		-		(100,000)		(10,000)
Proceeds from loan from a related party		-		10,692		-

Net cash provided by (used in) financing activities		50,199		42,122		(9,738)

Net (decrease) increase in cash and cash equivalents		(89,852)		10,064		82,002
Cash and cash equivalents at beginning of year		95,485		5,633		15,694
Effect of exchange rate changes		-		(3)		1
Cash and cash equivalents at end of year	$	5,633	$	15,694	$	97,697

ORGANIZATION AND PRINCIPAL ACTIVITIES (Schedule Of Information Related To Entity's Subsidiary, VIEs And VIE's Subsidiaries) (Details)	12 Months Ended
	Dec. 31, 2017
CIAC [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Aug. 05, 2005
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Kaixin Auto Group (formerly named as Renren Wealth Inc.) [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Mar. 07, 2011
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Link224 Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	May 31, 2011
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren Lianhe Holdings [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Sep. 02, 2011
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Wole Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 27, 2011
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
JiehunChina Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jun. 14, 2011
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren Giant Way [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	May 17, 2012
Place of incorporation	Hong Kong
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren Finance, Inc. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Dec. 15, 2014
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Internet business
Renren Gongying Inc. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 02, 2015
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren Study Inc. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Apr. 05, 2012
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Game HK [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Mar. 08, 2012
Place of incorporation	Hong Kong
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Qianxiang Shiji [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Mar. 21, 2005
Place of incorporation	PRC
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Beijing Woxiu [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 27, 2011
Place of incorporation	PRC
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Jiexun Shiji [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Apr. 26, 2012
Place of incorporation	PRC
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Huijin [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 10, 2012
Place of incorporation	PRC
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Joy Interactive (Beijing) Technology Development Co., Ltd. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Apr. 24, 2013
Place of incorporation	PRC
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Shanghai Renren Financial Leasing Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	May 25, 2015
Place of incorporation	PRC
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Internet business
Qianxiang Tiancheng [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 28, 2002
Place of incorporation	PRC
Principal activities	IVAS business
Jingwei Zhihui [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Mar. 19, 2014
Place of incorporation	PRC
Principal activities	Internet business
Guangzhou Xiuxuan Brokers Co.,Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Sep. 22, 2014
Place of incorporation	PRC
Principal activities	IVAS business
Shanghai Wangjing Investment Management Co., Ltd. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Apr. 20, 2015
Place of incorporation	PRC
Principal activities	Internet business
Qianxiang Wangjing [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Nov. 11, 2008
Place of incorporation	PRC
Principal activities	Internet business
Shanghai Changda [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 25, 2010
Place of incorporation	PRC
Principal activities	Internet business
Wole Shijie [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 27, 2011
Place of incorporation	PRC
Principal activities	Technology development and service
Beijing Kirin Wings Technology Development Co., Ltd. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jan. 16, 2013
Place of incorporation	PRC
Principal activities	Internet business
Beijing Zhenzhong Hudong Information Technology Co., Ltd. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Dec. 23, 2014
Place of incorporation	PRC
Principal activities	Internet business
Shanghai Wangjing Commercial Factoring Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jul. 28, 2015
Place of incorporation	PRC
Principal activities	Factoring business
Renren CRSP Holdings Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 14, 2016
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren CHYP Holdings Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 14, 2016
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren PLML Holdings Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 14, 2016
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren KURY Holdings Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 14, 2016
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren ONER Holdings Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 14, 2016
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren BLCR Holdings Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 14, 2016
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren ZHCH Holdings Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 14, 2016
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren LSTAR Holdings Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 17, 2016
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren CHRYPH Holdings Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 31, 2016
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren Lianhe Hong Kong Co. Limited [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	May 16, 2016
Place of incorporation	Hong Kong
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren Winday Company Limited [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jul. 26, 2016
Place of incorporation	Hong Kong
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren Giantly Limited [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Aug. 16, 2016
Place of incorporation	Hong Kong
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren Gentle Height Company Limited [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Dec. 07, 2016
Place of incorporation	Hong Kong
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Chime Technologies, Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Sep. 07, 2012
Place of incorporation	USA
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Internet business
Qianxiang Lianhe Technology Development Beijing Co., Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Nov. 12, 2016
Place of incorporation	PRC
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Internet business
Beijing Qianxiang Yixin Technology Development Co., Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Sep. 01, 2016
Place of incorporation	PRC
Principal activities	Investment holding
Fenqi Winday Company Limited [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Feb. 29, 2016
Place of incorporation	Hong Kong
Principal activities	Internet business
Shanghai Mumian Interactive Internet Information Service Co., Ltd. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jun. 16, 2016
Place of incorporation	PRC
Principal activities	IVAS business
Guangzhou Qunge Information Technology Co., Ltd. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Aug. 26, 2016
Place of incorporation	PRC
Principal activities	IVAS business
Tianjin Zhenzhong Interactive Information Technology Co., Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Apr. 08, 2016
Place of incorporation	PRC
Principal activities	Investment holding
Beijing Qianxiang Wanxin Technology Development Co., Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Nov. 18, 2016
Place of incorporation	PRC
Principal activities	Investment holding
Renren SF Holdings Inc. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jan. 09, 2017
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Oak Pacific Investment [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Sep. 14, 2017
Place of incorporation	Cayman Islands
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Jet Sound Hong Kong Company Limited [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	May 07, 2011
Place of incorporation	Hong Kong
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren U.S. Holdco, Inc. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jul. 31, 2017
Place of incorporation	USA
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Sindeo Inc [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jul. 03, 2017
Place of incorporation	USA
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Internet business
Geographic Farming LLC [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Aug. 24, 2017
Place of incorporation	USA
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Internet business
Trucker Path Inc. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Dec. 28, 2017
Place of incorporation	USA
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Internet business
Shanghai Renren Automobile Technology Co., Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Aug. 18, 2017
Place of incorporation	PRC
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Renren Zhenhan Technology Development Beijing Co., Ltd. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Nov. 13, 2017
Place of incorporation	PRC
Percentage of legal ownership by Renren Inc	100.00%
Principal activities	Investment holding
Shanghai Jieying Automobile Sales Co., Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Feb. 27, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Shanghai Heiguo Internet Information Technology Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Feb. 27, 2017
Place of incorporation	PRC
Principal activities	Investment holding
Renren (Tianjin) Insurance Broker Co Ltd. [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Aug. 24, 2017
Place of incorporation	PRC
Principal activities	Investment holding
Renren Zhencai Technology Development Beijing Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Dec. 15, 2017
Place of incorporation	PRC
Principal activities	Investment holding
Jieying Baolufeng Automobile Sales Shenyang Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jun. 14, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Chongqing Jieying Shangyue Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jul. 03, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Jiangsu Jieying Ruineng Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	May 16, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Dalian Yiche Jieying Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jun. 27, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Henan Jieying Hengxin Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jun. 29, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Shandong Jieying Huaqi Automobile Service Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jul. 20, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Neimenggu Jieying Kaihang Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jul. 14, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Hangzhou Jieying Yifeng Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Aug. 01, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Jilin Jieying Taocheguan Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 31, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Suzhou Jieying Chemaishi Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 27, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Cangzhou Jieying Bole Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Aug. 10, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Shanghai Jieying Diyi Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Oct. 19, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Ningxia Jieying Xianzhi Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Jul. 26, 2017
Place of incorporation	PRC
Principal activities	Automobile business
Wuhan Jieying Chimei Automobile Sales Co Ltd [Member]
Investment Holdings [Line Items]
Later of date of incorporation or acquisition	Nov. 20, 2017
Place of incorporation	PRC
Principal activities	Automobile business

ORGANIZATION AND PRINCIPAL ACTIVITIES ( (Narrative) (Details) $ / shares in Units, ¥ in Millions, $ in Millions	1 Months Ended		12 Months Ended
	Sep. 30, 2016 USD ($)	Jan. 31, 2016 USD ($)	Dec. 31, 2017 $ / shares	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016 CNY (¥)	Jan. 31, 2016 CNY (¥)
VIE arrangements [Line Items]
Asset-Backed Securities, at Carrying Value	$ 78.5	$ 46.1				¥ 510.6	¥ 299.8
Financing Arrangements Expiration Date			May 2018
Minimum [Member]
VIE arrangements [Line Items]
Common Stock, Dividends, Per Share, Cash Paid			$ 0.4831
Maximum [Member]
VIE arrangements [Line Items]
Common Stock, Dividends, Per Share, Cash Paid			$ 0.6096
AAA-rated senior securities [Member]
VIE arrangements [Line Items]
Percentage of Tranches	70.50%	68.00%
AA-rated senior securities [Member]
VIE arrangements [Line Items]
Percentage of Tranches	11.00%	10.50%
Subordinate Security Held By Originator [Member]
VIE arrangements [Line Items]
Percentage of Tranches	18.50%	21.50%
Variable Interest Entity [Member]
VIE arrangements [Line Items]
Percentage of VIEs revenues to the consolidated net revenues			89.70%	97.80%	94.90%
Percentage of VIEs assets to the consolidated total assets			24.20%	30.30%
Percentage of VIEs liability to the consolidated total liabilities			31.10%	50.20%
Variable Interest Entity [Member] \| Power of Attorney [Member]
VIE arrangements [Line Items]
Term of agreement			10 years
Variable Interest Entity [Member] \| Business Operations Agreement [Member]
VIE arrangements [Line Items]
Advance written notice period for not extending term of agreement			30 years
Variable Interest Entity [Member] \| Exclusive Equity Option Agreement [Member]
VIE arrangements [Line Items]
Advance written notice period for not extending term of agreement			30 years

ORGANIZATION AND PRINCIPAL ACTIVITIES (Schedule Of Consolidated Financial Information) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Consolidated financial information [Line Items]

$ 128,595

$ 79,370

Financing receivable, net

47,253

30,390

Short-term investments

410

Accounts receivable, net

6,260

4,702

^[1]

125,478

301,773

Prepaid expenses and other current assets

95,012

50,183

20,749

Amounts due from related parties

15,224

13,419

Total current assets

468,005

450,813

Long-term loan receivable, net

330

29,532

28,666

Long-term investments

565,366

695,348

101,937

Other non-current assets

27,056

1,687

Total assets

1,194,164

1,176,844

20,046

5,561

61,479

37,202

45,898

19,781

142,689

182,951

17,746

10,914

11,489

5,954

Contingent consideration

60,850

Total current liabilities

12,652

7,860

370,547

270,223

Long-term contingent consideration

66,794

Total non-current liabilities

114,871

168,155

Long-term payable to investors

59,916

Loss from continuing operations

485,418

438,378

Net revenues

202,102

63,364

$ 41,111

Net loss

(110,427)

(185,352)

(220,128)

(110,503)

(194,053)

(223,177)

(Loss) income from discontinued operations

8,701

1,520

Net cash provided by (used in) operating activities

(114,964)

(11,005)

(50,042)

Net cash (used in) provided by investing activities

224,236

(193,283)

(248,984)

Net cash provided by financing activities

(67,113)

226,075

180,430

VIEs and their subsidiaries [Member]

Consolidated financial information [Line Items]

8,188

55,908

Financing receivable, net

288

Short-term investments

410

Accounts receivable, net

1,584

4,702

145

228,224

Prepaid expenses and other current assets

95,012

37,422

17,988

Amounts due from related parties

11,624

10,219

Total current assets

154,026

317,739

Long-term loan receivable, net

330

507

1,058

Long-term investments

43,979

36,470

89,274

Other non-current assets

835

876

Total non-current assets

134,595

38,734

Total assets

288,621

356,473

19,476

5,423

12,296

7,202

17,498

11,277

7,153

182,810

7,013

222

10,164

5,804

Contingent consideration

5,944

Total current liabilities

10,380

7,163

89,924

219,901

Long-term contingent consideration

60,850

Total non-current liabilities

60,850

Long-term payable to investors

59,916

Loss from continuing operations

150,774

219,901

Net revenues

181,253

61,948

39,017

(42,245)

(31,997)

(68,991)

(Loss) income from discontinued operations

829

4,302

Net cash provided by (used in) operating activities

(146,911)

68,374

34,652

Net cash (used in) provided by investing activities

22,943

(187,621)

(102,061)

Net cash provided by financing activities

37,208

148,080

55,928

Consolidated Assets Backed Financing Entities [Member]

Consolidated financial information [Line Items]

Financing receivable, net

78,485

73,549

Total assets

78,485

73,549

Long-term payable to investors

64,087

141

59,916

Net cash provided by (used in) operating activities

64,091

60,061

Net revenues

Net loss

375

Net cash (used in) provided by investing activities

Net cash provided by financing activities

[1]	The Company consolidated Shanghai Renren Finance Leasing Asset-Backed Special Plans (the "Plans"), see Note 1.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule Of Estimated Useful Lives Of Property And Equipment) (Details)	12 Months Ended
	Dec. 31, 2017
Building [Member]
Property and equipment, net [Line Items]
Estimated useful lives	46 years
Furniture and vehicles [Member]
Property and equipment, net [Line Items]
Estimated useful lives	5 years
Computer equipment and application software [Member] \| Minimum [Member]
Property and equipment, net [Line Items]
Estimated useful lives	2 years
Computer equipment and application software [Member] \| Maximum [Member]
Property and equipment, net [Line Items]
Estimated useful lives	3 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Intangible Assets With Indefinite Lives, Impairment Of Long-Lived Assets And Intangible Assets With Definite Lives, Business Taxes, Value Added Taxes, Income Taxes) (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cost of revenues
Provision for Loan and Lease Losses	$ 12,745	$ 12,436	$ 3,665
Business taxes
Business taxes deducted in arriving net revenue	0	77	25
Value added taxes
Amount of VAT reported as a deduction to revenue	9,777	4,080	1,217
Income taxes
Income tax due to uncertain tax position and interest and penalties related to potential underpaid income tax expenses	0	0	0
Treasury shares
Revenue, Other Financial Services	25,399	17,854	2,754
Other Noncurrent Assets [Member]
Treasury shares
Restricted Cash, Noncurrent	26,075	323
Online Advertising Services [Member]
Treasury shares
Revenues	348	1,653	9,721
Live Streaming Services [Member]
Treasury shares
Revenues	$ 32,341	$ 17,898	$ 15,404

SIGNIFICANT RISKS AND UNCERTAINTIES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Foreign currency risk
Cash and cash equivalents denominated in RMB	$ 23,144	$ 29,027
Sales Revenue, Net [Member]
Foreign currency risk
Concentration Risk, Percentage	10.00%	10.00%	10.00%
Accounts Receivable [Member]
Foreign currency risk
Concentration Risk, Percentage	10.00%	10.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Foreign currency risk
Concentration Risk, Percentage		13.00%

DISCONTINUED OPERATIONS (Schedule Of Calculation Of Gain (Loss) On Consolidation) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Calculation of gain on deconsolidation
Amount due to the Company			$ 7,500
Gain on deconsolidation of Online Gaming			$ 8,310
Online Gaming [Member]
Calculation of gain on deconsolidation
The proceeds	$ 17,500
Less: The repayment of intercompany loans provided by the Company	7,500
Net consideration	10,000
Less: Cash and cash equivalents	15,982
Prepaid expenses and other current assets	2,737
Other current assets	1,508
Property and equipment, net	194
Intangible assets, net	263
Accounts payable	(1,209)
Accrued expenses and other current liabilities	(7,062)
Amount due to the Company	(7,500)
Deferred revenue	(3,677)
Net assets of Online Gaming	1,236
Less: Tax expenses	454
Gain on deconsolidation of Online Gaming	$ 8,310

DISCONTINUED OPERATIONS (Details) - USD ($) $ in Thousands	12 Months Ended
DISCONTINUED OPERATIONS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Major classes of line items constituting pretax profit of discontinued operations
Net revenues	$ 202,102	$ 63,364	$ 41,111
Cost of revenues	(184,398)	(51,767)	(36,720)
Other income that are not major	(1,369)	12,888	(7,058)
Income tax expenses	0	(102)	(944)
Income from the operations of the discontinued operations, net of tax		391	1,520
Gain on deconsolidation of the subsidiaries, net of tax		8,310
Renren Games [Member]
Major classes of line items constituting pretax profit of discontinued operations
Net revenues		1,699	17,071
Cost of revenues		(871)	(9,426)
Selling, research and development, and general and administrative expenses		(485)	(6,362)
Other income that are not major		150	1,181
Income from the operations of the discontinued operations, before income tax		493	2,464
Income tax expenses		(102)	(944)
Income from the operations of the discontinued operations, net of tax		391	1,520
Gain on deconsolidation of the subsidiaries, net of tax		8,310
Gain from the discontinued operations, net of tax		$ 8,701	$ 1,520

DISCONTINUED OPERATIONS (Schedule of Condensed cash flow of Online Gaming) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Net cash (used in) provided by operating activities	$ 11,171	$ (10,164)
Net cash (used in) provided by investing activities	$ 25	$ (1,304)

DISCONTINUED OPERATIONS (Narrative) (Details) - Online Gaming [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($)
DECONSOLIDATION OF SUBSIDIARIES [Line Items]
Disposal of business gross amount	$ 17,500
Proceeds from Collection of Advance to Affiliate	$ 7,500

BUSINESS ACQUISITION (Schedule Of Significant Acquisitions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Goodwill	$ 101,937
-contingent consideration	66,794
Shandong [Member]
Cash	0
Goodwill	26,550
NCI	7,965
-cash consideration	0
-contingent consideration	18,585
Total	18,585
Chongqing [Member]
Cash	2,727
Goodwill	11,719
NCI	4,334
-cash consideration	818
-contingent consideration	9,294
Total	10,112
Wuhan [Member]
Cash
Goodwill	10,405
NCI	3,121
-cash consideration
-contingent consideration	7,284
Total	7,284
Other Used Car Dealer [Member]
Cash	1,270
Goodwill	38,317
NCI	11,876
-cash consideration	381
-contingent consideration	27,330
Total	$ 27,711

BUSINESS ACQUISITION (Schedule Of Consolidated Statement Of Operations Acquisition) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)
Shandong [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	$ 334
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	(76)
Chongqing [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	793
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	(59)
Wuhan [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	0
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	0
Others [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	1,387
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	$ (123)

BUSINESS ACQUISITION (Schedule Purchase Price) (Details) - Trucker Path Inc. [Member] - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 19, 2014	Dec. 31, 2017
Consideration	$ 11,500	$ 7,616
Fair value of the 29% equity interests:
Carrying amount		5,587
Gain on re-measurement of fair value of noncontrolling equity investment		(2,903)
Total		$ 10,300

BUSINESS ACQUISITION (Schedule of Purchase Price Acquisition) (Details) $ in Thousands	Dec. 28, 2017 USD ($)
Net working capital	$ 139
Other current assets	5,016
Goodwill	7,952
Other current liabilities	(4,282)
Total	10,300
Customer relationship
Goodwill	$ 610
Finite-Lived Intangible Asset, Useful Life	3 years
Technology platform
Goodwill	$ 325
Trade name
Goodwill	$ 540
Finite-Lived Intangible Asset, Useful Life	3 years

BUSINESS ACQUISITION (Schedule of pro forma financial information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Business Combinations [Abstract]
Pro forma net revenues	$ 203,391	$ 63,404
Pro forma net loss	$ (116,397)	$ (193,704)

BUSINESS ACQUISITION (Narrative) (Details) $ in Thousands	1 Months Ended	6 Months Ended	12 Months Ended
BUSINESS ACQUISITION (Narrative) (Details) $ in Thousands	Dec. 19, 2014 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Oct. 27, 2017 USD ($)	Jul. 20, 2017 USD ($)	Jul. 03, 2017 USD ($)
Number of Businesses Acquired		14
Business Combination, Contingent Consideration, Liability		$ 66,794	$ 66,794
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			$ 2,545
Business Acquisition, Percentage of Voting Interests Acquired		30.00%	30.00%
Goodwill.		$ 101,937	$ 101,937
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory						$ 8,786	$ 3,721	$ 2,791
Shandong [Member]
Payments to Acquire Businesses, Gross			0
Business Combination, Contingent Consideration, Liability		18,585	18,585
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net							$ 18,585
Business Combination, Consideration Transferred			18,585
Goodwill.		26,550	26,550
Chongqing [Member]
Payments to Acquire Businesses, Gross			818
Business Combination, Contingent Consideration, Liability		9,294	9,294
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net								$ 10,112
Business Combination, Consideration Transferred			10,112
Goodwill.		11,719	11,719
Wuhan [Member]
Payments to Acquire Businesses, Gross
Business Combination, Contingent Consideration, Liability		7,284	7,284
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net						$ 7,284
Business Combination, Consideration Transferred			7,284
Goodwill.		$ 10,405	10,405
Trucker Path Inc. [Member]
Payments to Acquire Businesses, Gross	$ 11,500		$ 7,616
Business Acquisition, Percentage of Voting Interests Acquired	29.00%	71.00%	71.00%
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain			$ 2,903
Business Combination, Consideration Transferred			10,300
Sindeo Inc [Member]
Goodwill.		$ 3,251	3,251
Geographic Farming LLC [Member]
Payments to Acquire Businesses, Gross			$ 4,326
Business Acquisition, Percentage of Voting Interests Acquired		100.00%	100.00%
Goodwill.		$ 1,460	$ 1,460
Cash Injection Dealerships [Member]
Business Acquisition Consideration, Cash Injected		17,580
Payments to Acquire Businesses, Gross		7,240
Used Car Dealers [Member]
Payments to Acquire Businesses, Gross			$ 14,884
Business Combination, Consideration Transferred		45,920
Financing Receivable Forgiven		$ 21,201
New Entity [Member]
Business Acquisition, Percentage of Voting Interests Acquired		70.00%	70.00%
Car Inventories Each Dealership [Member]
Business Combination, Consideration Transferred		$ 30,622
Shandong, Chongqing and Wuhan [Member]
Financing Receivable Forgiven		6,995
Other Payments to Acquire Businesses			$ 2,951
Other Acquisition [Member]
Payments to Acquire Businesses, Gross			$ 11,933
Financing Receivable Forgiven		$ 14,206

ACCOUNTS RECEIVABLE (Schedule Of Accounts Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts receivable	$ 9,116	$ 7,541
Allowance of doubtful accounts	(2,856)	(2,839)
Accounts receivable, net	$ 6,260	$ 4,702

ACCOUNTS RECEIVABLE (Schedule Of Movement Of Allowance For Doubtful Accounts) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement of allowance for doubtful accounts
Balance at beginning of year	$ 2,839	$ 3,252	$ 2,946
Charge to expenses	46	(205)	788
Exchange difference	(29)	(208)	(482)
Balance at end of year	$ 2,856	$ 2,839	$ 3,252

FINANCING RECEIVABLE (Schedule of Loans Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current financing receivable
Used car financing	$ 129,018	$ 277,684
Financing for installment sales	2,177	11,205
Other financing	1,306	27,775
Net deferred origination costs		176
Less allowance for financing receivable	(7,023)	(15,067)
Current financing receivable, net	125,478	301,773
Long-term financing receivable
Used car financing	8	53
Financing for installment sales		324
Less allowance for long-term financing receivable		(47)
Long-term financing receivable, net	$ 8	$ 330

FINANCING RECEIVABLE (Schedule of Nonaccrual Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Used car financing	$ 7,373	$ 3,352
Financing for installment sales	2,051	6,817
Other financing	1,286	4,945
Financing receivable, net	$ 10,710	$ 15,114

FINANCING RECEIVABLE (Schedule of Aging of loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Used car financing	$ 129,026	$ 277,737
Financing for installment sales	2,177	11,529
Other financing	1,306	27,775
Financing receivable	132,509	317,041
0-90 days aging [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Used car financing	121,653	275,007
Financing for installment sales	229	4,712
Other financing	138	23,734
Financing receivable	122,020	303,453
Over 90 days aging [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Used car financing	7,373	2,730
Financing for installment sales	1,948	6,817
Other financing	1,168	4,041
Financing receivable	$ 10,489	$ 13,588

FINANCING RECEIVABLE (Schedule of Movement of Allowance for Financing Receivable) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Balance at beginning of year	$ (15,114)	$ (3,583)	$ 0
Charge to cost of revenues	(12,745)	(12,436)	(3,665)
Write off of financing receivable	0	(119)
Exchange difference	(1,342)	786	82
Balance at end of year	$ (7,023)	$ (15,114)	$ (3,583)

FINANCING RECEIVABLE (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Current	$ 132,509	$ 317,041
0-90 days aging [Member]
Financing Receivable, Recorded Investment, Current	122,020	303,453
Over 90 days aging [Member]
Financing Receivable, Recorded Investment, Current	$ 10,489	$ 13,588

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Schedule Of Prepaid Expenses And Other Current Assets) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Advances to third parties

$ 14,457

$ 721

Prepaid expenses

3,925

2,341

Deposits

4,308

4,259

Loan to third parties

2,720

1,261

Funds receivable

^[1]

3,880

4,495

Receivable from brokers

^[2]

5,853

Other receivable

^[3]

4,209

Other current assets

8,617

1,819

Mapbar Technology Limited [Member]

50,183

20,749

Disposal Group

4,585

Online Wealth Management Business

Disposal Group

$ 3,482

$ 0

[1]	Funds receivable mainly represents balances paid by individuals for repayments of financing on Renren Fenqi as well as amounts paid by investors for investments made on Renren Licai that are held at a third party electronic payment service provider as of December 31, 2016 and 2017. The balances were collected subsequent to year-end.
[2]	Receivable from brokers represents cash provided to brokers who hold the cash on behalf of the Company. The cash has not been used to purchase any securities and accordingly is recorded as a receivable. During the year ended December 31, 2017, the Company sold all its short-term securities and received the entire receivable back from the brokers.
[3]	Other receivable represents cash advanced to customers of third party dealerships for purchase of cars for which loans were approved by a bank but for which the customers has not yet received the cash. The amount was subsequently collected by the Company after year-end.

SHORT-TERM INVESTMENTS (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Impact of derivative instruments on the statement of operations
Trading Securities, Realized Gain		$ 577
Available-for-sale Securities, Amortized Cost Basis	$ 175,329	177,628	$ 59,136
Proceeds from Sale of Available-for-sale Securities			62,704
Trading Securities, Realized Loss	100
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	$ 3,243	$ 729	3,568
Derivative, Loss on Derivative			$ 100,644

LONG-TERM INVESTMENTS (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

12 Months Ended

Jun. 30, 2017

Apr. 30, 2017

Sep. 30, 2016

Apr. 30, 2016

Mar. 31, 2016

Feb. 27, 2016

Jan. 31, 2016

Dec. 31, 2015

Oct. 31, 2015

Jul. 31, 2015

Mar. 31, 2015

Jan. 31, 2015

Nov. 30, 2014

Sep. 30, 2014

Aug. 31, 2014

Mar. 31, 2014

Nov. 30, 2012

Sep. 30, 2012

Apr. 30, 2011

Mar. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

May 31, 2016

Jun. 30, 2015

May 31, 2015

Earnings (loss) in equity method investments, net of tax

$ 67,240

$ (18,183)

$ (5,468)

Equity Method Investment, Realized Gain (Loss) on Disposal

318,811

357,726

$ 58,335

Trading Securities, Unrealized Holding Gain

122

Cost Method Investment Consideration

144,797

194,437

37,311

Proceeds from Sale of Other Investments

32,726

Cost-method Investments, Realized Gains

37,311

Other than Temporary Impairment Losses, Investments, Available-for-sale Securities

17,234

16,387

$ 90,805

50,830

Business Acquisition, Percentage of Voting Interests Acquired

30.00%

Golden Axe [Member]

Due to Related Parties

$ 10,633

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares

2,000,000

Business Acquisition, Percentage of Voting Interests Acquired

20.46%

Payments to Acquire Businesses, Gross

$ 18,943

Business Combination, Consideration Transferred, Other

1,143

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net

$ 2,496

2,275

SZ Golden Axe [Member]

Business Acquisition, Percentage of Voting Interests Acquired

20.46%

Payments to Acquire Businesses, Gross

$ 10,633

Maximum [Member]

15,000

Other long-term available-for-sale investments

10,000

Series B shares [Member]

Stock Issued During Period, Shares, Stock Splits

22,294,876

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares

26,081,176

Business Combination, Consideration Transferred, Other

$ 7,167

Snowball [Member]

Other than Temporary Impairment Losses, Investments, Available-for-sale Securities

278

803

$ 9,989

Snowball [Member] | Warrant [Member]

Earnings (loss) in equity method investments, net of tax

$ 901

Warrants term

2 years

Snowball [Member] | Series C Preferred Stock [Member]

$ 901

35,040,427

$ 0.9988

Snowball [Member] | Series C Preferred Stock [Member] | Warrant [Member]

1.6906

$ 1.6906

Number of shares entitled to be purchased on exercise of warrants

$ 34,998

8,872,590

Eall [Member] | Series B-1 and B-2 Preferred Share [Member]

Eall [Member] | Series B-1 Preferred Shares [Member]

$ 18,090

652,598

5,321,428

$ 3.08

Eall [Member] | Series B-2 Preferred Shares [Member]

$ 2,010

649,351

268V Limited [Member] | Series D Preferred Stock [Member]

$ 2.62

Cost-method Investments, Other than Temporary Impairment

12,085

64,281,655

Other than Temporary Impairment Losses, Investments, Available-for-sale Securities

$ 75,000

50,830

Omni [Member]

Omni [Member] | Series B shares [Member]

584

(2,813)

14,727,541

$ 1.358

Omni [Member] | Series B++ Preferred Share [Member]

$ 21,000

510,248

$ 1.96

Zhu Chao [Member]

Other than Temporary Impairment Losses, Investments, Available-for-sale Securities

15,000

Zhu Chao [Member] | Series A Preferred Stock [Member]

1,553,566

$ 15,000

$ 0

(3,722)

3,722

$ 0

Hylink [Member]

2.00%

$ 2,381

^[1]

2,161

7,489

StoreDot [Member]

StoreDot [Member] | Series B shares [Member]

^[2]

10,001

$ 10,001

6.06%

$ 10,001

GoGo [Member]

10.00%

10.48%

13.89%

$ 8,100

Cost-method Investments, Other than Temporary Impairment

5,000

11,127

^[3]

$ 11,127

^[3]

$ 5,000

$ 500

$ 3,000

$ 5,000

5,473

Motif [Member]

Cost-method Investments, Other than Temporary Impairment

^[4]

5,475

7,700

2,225

32,300

Motif [Member] | Series E Preferred Shares [Member]

10.00%

$ 40,000

LendingHome Corporation [Member]

5,579,734

14.72%

LendingHome Corporation [Member] | Series C Preferred Stock [Member]

$ 65,843

65,843

^[5]

$ 65,843

^[5]

65,843

6,153,999

Credit Shop [Member]

40.99%

Cost-method Investments, Other than Temporary Impairment

^[6]

$ 35,000

35,000

Credit Shop [Member] | Series A Preferred Stock [Member]

$ 20,000

$ 15,000

204,471

Revolving line of credit, maximum borrowing capacity

$ 73.36

15,000

$ 15,000

Amount of additional shares to be purchased upon conversion of debt

$ 15,000

Debt Conversion, Original Debt, Amount

$ 15,000

Eunke [Member]

Cost-method Investments, Other than Temporary Impairment

^[7]

13,438

25,000

11,562

Eunke [Member] | Series B shares [Member]

$ 25,000

Percentage of Ownership Under Cost Method Investment

4,770,131

21.90%

Others [Member] | Maximum [Member]

^[8]

38,913

37,605

10,000

Eall Network [Member]

Earnings (loss) in equity method investments, net of tax

321

(200)

18,458

18,137

Social Finance, Inc [Member]

17,937

Payment for equity method investments

$ 242,120

Earnings (loss) in equity method investments, net of tax

$ 10,333

$ (3,968)

$ 3,902

Ownership percentage by parent company

14.97%

21.06%

Social Finance, Inc [Member] | Series B shares [Member]

^[9]

$ 208,694

$ 231,952

5,573,719

Social Finance, Inc [Member] | Series D Preferred Stock [Member]

$ 8.79

6,020,695

Social Finance, Inc [Member] | Series E Preferred Shares [Member]

$ 3.45

2,361,116

Social Finance, Inc [Member] | Series F Preferred Shares [Member]

$ 9.46

9,507,933

$ 15.78

[1]	In April 2011, the Company acquired 2% equity interest of Hylink at total cash consideration of $2,381. Hylink is mainly engaged in advertising agency service. The Company was not able 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. In August 2017, Hylink successfully listed on the Shanghai Stock Exchange in China. The Company reclassified the investment as available-for-sale securities. Unrealized holding gains of $7,489 were reported in other comprehensive income for the year ended December 31, 2017.
[2]	In August 2014, the Company entered into an agreement to purchase Series B Preferred Shares issued by StoreDot for a total cash consideration of $10,001 and held 6.06% equity interest of StoreDot. The Company was not able to exercise significant influence over the operating and financial decisions of StoreDot, and thus the Company used the cost method to account for its investment.
[3]	In November 2014, the Company entered into an agreement to acquire 10% equity interest of GoGo for a total consideration of $8,100. In May 2015, June 2015 and May 2016, the Company acquired additional equity interest of GoGo for a total consideration of $5,000, $3,000 and $500, respectively. The Company held 13.89% and 10.48% equity interest of GoGo as of December 31, 2015 and 2016, respectively. The Company was not able to exercise significant influence over the operating and financial decisions of GoGo, and thus the Company used the cost method to account for its investment. As of December 31, 2016, as a result of a decrease in fair value of GoGo from its new financing in 2016, the Company performed an impairment analysis and recognized an OTTI loss of $5,473 during the year ended 2016.
[4]	In January 2015, the Company entered into an agreement to purchase 5,579,734 Series E Preferred Shares issued by Motif for a total consideration of $40,000 and held 10% equity interest of Motif as of December 31, 2015. The Company was not able to exercise significant influence over the operating and financial decisions of Motif, and thus the Company used the cost method to account for its investment. As a result of a failure to achieve Motif’s business plan and deterioration of its results, the Company performed an impairment analysis and recognized an OTTI loss of $32,300 and $2,225 during the years ended December 31, 2016 and 2017, respectively.
[5]	In March 2015, the Company entered into an agreement to purchase 6,153,999 Series C Preferred Shares issued by LendingHome for a total consideration of $65,843 and held 14.72% equity interest of LendingHome as of December 31, 2015. The Company was not able to exercise significant influence over the operating and financial decisions of LendingHome, and thus the Company used the cost method to account for its investment.
[6]	In January 2015, the Company acquired 204,471 Series A Preferred Shares issued by Credit Shop at a price of $73.36 for a total consideration of $15,000. Additionally, the parties also reached an agreement, whereby the Company would provide a revolving line of credit up to $15,000 to Credit Shop. That agreement also included an option whereby the Company or Credit Shop have the option to convert the full $15,000 revolving line into Series A Preferred Shares of Credit Shop. Prior to or in conjunction with the exercise of the option, the Company is required to have fully funded the $15,000 revolving loan. Additionally, upon the exercise of the option, the Company is also required to purchase additional Series A Preferred Shares from Credit Shop in the amount of $5,000. Such option is not legally detachable or transferable and therefore was not separately accounted. In December 2015, Credit Shop exercised the option; the Company therefore purchased $20,000 of Series A Preferred Shares in February 2016. As of December 31, 2016, the Company held 40.99% equity interest of Credit Shop. The Company accounted for the investment under the cost method given that such shares have substantive liquidation preference over ordinary shares and are not considered in-substance common stock. During the year ended December 31, 2017, as a result of a failure to achieve CreditShop’s business plan and deterioration of the its financial results, the Company performed an impairment analysis. As a result, the Company recognized an OTTI loss amounting to $35,000 during the year ended December 31, 2017.
[7]	In March 2015, the Company entered into an agreement to purchase 4,770,131 Series B Preferred Shares issued by Eunke for a total consideration of $25,000, and held 21.9% equity interest of Eunke as of December 31, 2015. The Company accounted for the investment under the cost method given that such shares have substantive liquidation preference over ordinary shares and are not considered in-substance common stock. In determining the fair value of the investment in Eunke, as a result of a failure to achieve Eunke’s business plan and deterioration of the its financial results, the Company applied the market approach using unobservable inputs, such as a lack of marketability discount and probability weighting for each scenario including liquidation, and initial public offering, and recognized an OTTI loss amounting to $11,562 during the year ended December 31, 2017.
[8]	Others represents other cost method investments with individual carrying amount less than $10,000 as of December 31, 2016 and 2017, respectively.In the third quarter of 2017, the Company disposed Mapbar, a cost method investment acquired in 2011, to an unrelated investor for a total consideration of US$37,311, of which US$32,726 was received as of December 31, 2017 and the rest amount were received in January 2018. The investment was fully impaired during the year ended December 31, 2013, and therefore, a total of $37,311 gain on disposal of investment was recognized in 2017.
[9]	In September 2012, March 2014, January 2015, and October 2015, the Company entered into agreements to purchase 5,573,719 Series B Preferred Shares, 6,020,695 Series D Preferred Shares, 2,361,116 Series E Preferred Shares and 9,507,933 Series F Preferred Shares issued by SoFi at a price of $8.79 per Series B Share, $3.45 per Series D Share, $9.46 per Series E Share and $15.78 per Series F Share for a total consideration of $242,120. In November 2012, SoFi split 1 Series B Preferred Share into 4 Series B Preferred Shares and the Company held 22,294,876 Series B Preferred Shares after that. In April 2017, the Company disposed 5,719,986 preferred shares of SoFi for total net proceeds of $91,926, recording a realized gain amounting to $58,335 in (Loss) earnings in equity method investments, net of tax on the consolidation statement of operation for the year ended December 31, 2017. The Company held 21.06% and 14.97% equity interest of SoFi as of December 31, 2016 and 2017, respectively and recognized its share of gain in SoFi of $3,902, loss of $3,968 and gain of $10,333 for the years ended December 31, 2015, 2016 and 2017, respectively. The Company accounted for this investment as equity method as of December 31, 2016 and continued to do so during the year ended December 31, 2017 as it believes it is able to exert significant influence through its board seat combined with the board seats held by the Company's two major shareholders on SOFI's board of directors.

LONG-TERM INVESTMENTS (Schedule Of Long-Term Investments) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

May 31, 2016

Dec. 31, 2015

Jun. 30, 2015

May 31, 2015

$ 318,811

$ 357,726

144,797

194,437

Total long-term investments

101,758

143,185

565,366

695,348

Golden Axe Inc. [Member]

^[1]

14,268

16,243

Snowball [Member]

^[2]

26,070

36,337

Eall [Member]

^[3]

2,892

268V Limited [Member]

^[4]

12,207

24,170

Omni [Member]

^[5]

27,637

27,053

Zhu Chao [Member]

^[6]

18,722

^[7]

23,158

34,011

Hylink [Member]

^[8]

2,161

^[8]

9,794

StoreDot [Member]

^[9]

10,001

GoGo [Member]

11,127

^[10]

11,127

^[10]

$ 500

$ 5,000

$ 3,000

$ 5,000

Motif [Member]

^[11]

5,475

7,700

LendingHome [Member]

65,843

^[12]

65,843

^[12]

$ 65,843

Credit Shop [Member]

^[13]

35,000

Eunke [Member]

^[14]

13,438

25,000

^[15]

38,913

37,605

Eall Network [Member]

18,458

18,137

SoFi [Member]

^[16]

208,694

231,952

^[17]

$ 77,391

$ 91,394

[1]	In January 2015, the Company entered into an agreement to purchase 2,000,000 Ordinary Shares and 26,081,176 Series B Preferred Shares issued by Golden Axe Inc. for a total consideration of $18,943 (the "Consideration"). The Company paid $1,143 in December 2015 and $7,167 of the Consideration was settled by both paying cash and forgiving previous loans provided to Golden Axe Inc. in January 2016, at which point, $10,633 of the Consideration remained outstanding. In 2016, concurrent with a restructuring of Golden Axe, the Company entered into a subsequent agreement to acquire 20.46% equity interest of a related entity, Shenzhen Golden Axe Co, Ltd. (collectively with Golden Axe Inc., "Golden Axe"), for the remainder of the Consideration of $10,633. The Company held 20.46% equity interest of Golden Axe as of December 31, 2017 and recognized its share of loss of $nil, $2,275 and $2,496 for the years ended December 31, 2015, 2016 and 2017, respectively.
[2]	In November 2014, the Company acquired 35,040,427 Series C Preferred Shares issued by Snowball at a price of $0.9988 per share. As part of the acquisition, the Company received a detachable preferred share warrant, exercisable within 2 years of the share acquisition, to (1) purchase additional up to 8,872,590 Series C Preferred Share at a price of $1.6906 per share; (2) if Snowball issued subsequent equity securities, purchase such subsequent equity securities at a price amounting to the lower of $1.6906 and the per share price paid by investors purchasing such subsequent equity securities. The total consideration for the purchase of Series C Preferred Shares and warrant was $34,998, of which $901 was allocated to the value of warrant based on its fair value at the acquisition date. The Company did not exercise the warrant and it expired in September 2016. As a result, the Company recorded a loss of $901 in 2016. The Company has determined that the Series C Preferred Shares are redeemable at the option of the investors according to the redemption terms further included below: (1) Each holder of the preferred shares then outstanding may require Snowball to redeem all but not less than all of the then outstanding preferred shares held by such requesting holder, at any time after the earliest of (i) five years from the issuance of the preferred shares if there is no firm commitment underwritten registered public offering of the shares or other securities of Snowball, (ii) any material adverse change in the regulatory environment, or (iii) any material breach by Snowball and/or the founders of Snowball of the preferred share purchase agreements, the shareholders’ agreement, the Amended Memorandum and Articles of Snowball, or other relevant agreements and documents. (2) The redemption price per preferred share shall be the sum of the original issue price (as adjusted) and all declared but unpaid dividends, plus an assumed 8 percent compounded per annum return for each year the preferred shares were outstanding. As such, the Company determined that the shares are debt securities in nature and accounted for those as available-for-sale securities. The Company performed an impairment analysis and recognized an OTTI loss of $9,989 during the year ended December 31, 2017. In determining the fair value of the investment in Snowball Finance Inc., the Company applied the market approach using unobservable inputs, such as a lack of marketability discount and probability weighting for each scenario including liquidation, and initial public offering. Unrealized holding gains of $803 and loss of $278 were reported in other comprehensive income for the years ended December 31, 2016 and 2017, respectively.
[3]	In September 2014, the Company entered into an agreement to purchase 5,321,428 Series B-1 Preferred Shares and 649,351 Series B-2 Preferred Shares issued by Eall at a price of $3.08 per Series B-1 share and $2.62 per Series B-2 share for a total consideration of $18,090. In July 2015, the Company purchased an additional 652,598 Series B-1 Preferred Shares at a price of $3.08 per Series B-1 share for a total consideration of $2,010. The Company has determined that all of the purchased shares are redeemable at the option of the investors according to the redemption terms further included below: (1) Each holder of the then outstanding preferred shares may require that Eall redeem all or part of the preferred shares then outstanding, on or after the earlier of (i) January 1, 2019, or (ii) the occurrence of any material breach or violation of any of the Memorandum and Articles of Eall, the preferred share purchase agreements, the shareholders agreement, and other relevant agreements and documents and/or the applicable laws by Eall or any direct or indirect holder of the ordinary shares of Eall. (2) The redemption price per preferred share shall be the amount equal to 100 percent of the original issue price, plus all accrued or declared but unpaid dividends on such preferred shares (subject to adjustments for share split, share dividend, reclassification or other similar events). As such, the Company determined that they are debt securities in nature and accounted for those as available-for-sale securities. In July 2016, Eall conducted a restructuring such that the Company ultimately held a 20.4% investment in both Eall and Eall Network, a shell company controlled by the founding shareholders of Eall. The Company still accounted the investment in Eall as available-for-sale investment as there were no changes to the nature and redemption rights of the investment and recorded its investment at fair value as of December 31, 2016. Additionally, the Company accounted for its investment in Eall Network as an in-substance common stock investment over which the Company could exercise significant influence. As a result, the Company recorded its investment in Eall Network as an equity method investment at $17,937 based on the fair value of the investment at the time of the restructuring. The Company recognized its share of loss of $200 and gain of $321 related to its investment in Eall Network for the year ended December 31, 2016 and 2017, respectively.
[4]	In January 2015, the Company entered into an agreement to purchase 64,281,655 Series D Preferred Shares issued by 268V Limited for a total consideration of $75,000. The Company has determined that the Series D Preferred Shares are redeemable at the option of the investors according to the redemption terms further included below: (1) At the option of a holder of the preferred shares, 268V Limited shall redeem all, or any, of the outstanding preferred shares held by the requesting holder, at any time after the earliest of (i) the date that there is a material breach by 268V Limited or by any direct or indirect owners of the ordinary shares of 268V Limited, of the preferred share purchase agreements, the shareholder agreement, the restated Articles, and other relevant agreements and documents, (ii) any material adverse change in the regulatory environment that will cause the agreements that provide 268V Limited the control over its variable interest entity to be invalid or unenforceable, or (iii) the failure by 268V Limited to complete a firm underwritten public offering of the shares or other equity securities within five years from the issuance date of the preferred shares. (2) The redemption price shall be equal to the greater of (i) an amount equal to the sum of the original issue price (as adjusted), plus an assumed 12 percent compounded per annum return for each year the preferred shares were outstanding, and all declared but unpaid dividends thereon up to the date of redemption or (ii) the fair market value of each preferred share. As such, the Company determined that they are debt securities in nature and accounted for those as available-for-sale securities. As a result of a decrease in fair value of 268V Limited from its new financing in 2016 and 2017, the Company performed an impairment analysis and recognized an OTTI loss of $50,830 and $12,085 during the years ended December 31, 2016 and 2017, respectively. In determining the fair value of the investment in 268V Limited, the Company applied the market approach using unobservable inputs, such as a lack of marketability discount and probability weighting for each scenario including liquidation, and initial public offering. Unrealized holding gains of $nil and $122 were reported in other comprehensive income for the year ended December 31, 2016 and 2017, respectively.
[5]	In July 2015 and March 2016, the Company purchased 14,727,541 Series B Preferred Shares and 510,248 shares of Series B++ Preferred Shares issued by Omni at the price of $1.358 per Series B Preferred Share and $1.96 per Series B++ Preferred Share for a total consideration of $21,000, respectively. The Company has determined that the Series B Preferred Shares and Series B++ Preferred Shares are redeemable at the option of the investor according to the redemption terms further included below: (1) If so requested by any holder of the preferred shares, Omni shall redeem all or part of such outstanding preferred shares, at any time after the earliest of (i) July 30, 2021, if Omni has not consummated an underwritten public offering of its ordinary shares, (ii) any change of laws or policy with respect to the validity of the agreements that provide Omni with control over its variable interest entity, (iii) any competent governmental authority having determined that it is illegal for Omni to carry on its business as conducted and as proposed to be conducted in accordance with applicable laws, regulations, policies or discretion of competent governmental authorities, and Omni has been unable to carry on such business for at least 3 consecutive months due to such determination or (iv) any material breach by Omni and/or its founders of the preferred share purchase agreements, shareholder agreement or relevant agreements and documents. (2) The price at which each preferred share shall be redeemed shall be equal to the greater of (i) 150 percent of the original issue price of such preferred shares and (ii) the fair market value of such preferred shares. As such, the Company determined that they are debt securities in nature and accounted for those as available-for-sale securities. Unrealized holding loss of $2,813 and gain of $584 were reported in other comprehensive income for the years ended December 31, 2016 and 2017, respectively.
[6]	In January 2015, the Company entered into an agreement to purchase 1,553,566 Series A Preferred Shares issued by Zhu Chao for a total consideration of $15,000. The Company has determined that the Series A Preferred Shares are redeemable at the option of the investor according to the redemption terms further included below: (1) Each holder of the then outstanding preferred shares is entitled to request Zhu Chao to redeem all or part of its outstanding preferred shares on or after the earliest of (i) August 10, 2020, if there has been no firm commitment underwritten public offering of the ordinary shares of Zhu Chao, (ii) the last date of the three-month period commencing from the delivery of notice of the occurrence of any PRC regulatory development by the majority preferred shareholders to Zhu Chao, if, during such three-month period, the ordinary shareholders of Zhu Chao have failed to devise a feasible alternative legal structure reasonably satisfactory to the majority preferred shareholders that will give effect to the rights and preferences of the preferred shareholders under the Memorandum and Articles of Zhu Chao, the preferred share purchase agreement, the shareholder agreement and other relevant agreements and documents (“Zhu Chao Transaction Agreements”), as closely as possible, or (iii) the occurrence of any material breach by Zhu Chao or any holder of the ordinary shares of Zhu Chao of any of the Zhu Chao Transaction Agreements. (2) The redemption price per preferred share shall be the amount equal to 200 percent the original issue price of the preferred share, plus all accrued or declared but unpaid dividends on such preferred share. As such, the Company determined that they are debt securities in nature and accounted for those as available-for-sale securities. In determining the fair value of the investment in Zhuchao Holdings Company Limited., as a result of a failure to achieve Zhu Chao’s business plan and deterioration of its operating results, the Company performed an impairment analysis and recognized an OTTI loss amounting to $15,000 during the year ended December 31, 2017. Unrealized holding gains of $nil, $3,722 and loss of $3,722 were reported in other comprehensive income for the years ended December 31, 2015, 2016 and 2017, respectively.
[7]	Others represents other long-term available-for-sale investments with individual carrying amount less than $10,000 as of December 31, 2016 and 2017, respectively.
[8]	In April 2011, the Company acquired 2% equity interest of Hylink at total cash consideration of $2,381. Hylink is mainly engaged in advertising agency service. The Company was not able 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. In August 2017, Hylink successfully listed on the Shanghai Stock Exchange in China. The Company reclassified the investment as available-for-sale securities. Unrealized holding gains of $7,489 were reported in other comprehensive income for the year ended December 31, 2017.
[9]	In August 2014, the Company entered into an agreement to purchase Series B Preferred Shares issued by StoreDot for a total cash consideration of $10,001 and held 6.06% equity interest of StoreDot. The Company was not able to exercise significant influence over the operating and financial decisions of StoreDot, and thus the Company used the cost method to account for its investment.
[10]	In November 2014, the Company entered into an agreement to acquire 10% equity interest of GoGo for a total consideration of $8,100. In May 2015, June 2015 and May 2016, the Company acquired additional equity interest of GoGo for a total consideration of $5,000, $3,000 and $500, respectively. The Company held 13.89% and 10.48% equity interest of GoGo as of December 31, 2015 and 2016, respectively. The Company was not able to exercise significant influence over the operating and financial decisions of GoGo, and thus the Company used the cost method to account for its investment. As of December 31, 2016, as a result of a decrease in fair value of GoGo from its new financing in 2016, the Company performed an impairment analysis and recognized an OTTI loss of $5,473 during the year ended 2016.
[11]	In January 2015, the Company entered into an agreement to purchase 5,579,734 Series E Preferred Shares issued by Motif for a total consideration of $40,000 and held 10% equity interest of Motif as of December 31, 2015. The Company was not able to exercise significant influence over the operating and financial decisions of Motif, and thus the Company used the cost method to account for its investment. As a result of a failure to achieve Motif’s business plan and deterioration of its results, the Company performed an impairment analysis and recognized an OTTI loss of $32,300 and $2,225 during the years ended December 31, 2016 and 2017, respectively.
[12]	In March 2015, the Company entered into an agreement to purchase 6,153,999 Series C Preferred Shares issued by LendingHome for a total consideration of $65,843 and held 14.72% equity interest of LendingHome as of December 31, 2015. The Company was not able to exercise significant influence over the operating and financial decisions of LendingHome, and thus the Company used the cost method to account for its investment.
[13]	In January 2015, the Company acquired 204,471 Series A Preferred Shares issued by Credit Shop at a price of $73.36 for a total consideration of $15,000. Additionally, the parties also reached an agreement, whereby the Company would provide a revolving line of credit up to $15,000 to Credit Shop. That agreement also included an option whereby the Company or Credit Shop have the option to convert the full $15,000 revolving line into Series A Preferred Shares of Credit Shop. Prior to or in conjunction with the exercise of the option, the Company is required to have fully funded the $15,000 revolving loan. Additionally, upon the exercise of the option, the Company is also required to purchase additional Series A Preferred Shares from Credit Shop in the amount of $5,000. Such option is not legally detachable or transferable and therefore was not separately accounted. In December 2015, Credit Shop exercised the option; the Company therefore purchased $20,000 of Series A Preferred Shares in February 2016. As of December 31, 2016, the Company held 40.99% equity interest of Credit Shop. The Company accounted for the investment under the cost method given that such shares have substantive liquidation preference over ordinary shares and are not considered in-substance common stock. During the year ended December 31, 2017, as a result of a failure to achieve CreditShop’s business plan and deterioration of the its financial results, the Company performed an impairment analysis. As a result, the Company recognized an OTTI loss amounting to $35,000 during the year ended December 31, 2017.
[14]	In March 2015, the Company entered into an agreement to purchase 4,770,131 Series B Preferred Shares issued by Eunke for a total consideration of $25,000, and held 21.9% equity interest of Eunke as of December 31, 2015. The Company accounted for the investment under the cost method given that such shares have substantive liquidation preference over ordinary shares and are not considered in-substance common stock. In determining the fair value of the investment in Eunke, as a result of a failure to achieve Eunke’s business plan and deterioration of the its financial results, the Company applied the market approach using unobservable inputs, such as a lack of marketability discount and probability weighting for each scenario including liquidation, and initial public offering, and recognized an OTTI loss amounting to $11,562 during the year ended December 31, 2017.
[15]	Others represents other cost method investments with individual carrying amount less than $10,000 as of December 31, 2016 and 2017, respectively.In the third quarter of 2017, the Company disposed Mapbar, a cost method investment acquired in 2011, to an unrelated investor for a total consideration of US$37,311, of which US$32,726 was received as of December 31, 2017 and the rest amount were received in January 2018. The investment was fully impaired during the year ended December 31, 2013, and therefore, a total of $37,311 gain on disposal of investment was recognized in 2017.
[16]	In September 2012, March 2014, January 2015, and October 2015, the Company entered into agreements to purchase 5,573,719 Series B Preferred Shares, 6,020,695 Series D Preferred Shares, 2,361,116 Series E Preferred Shares and 9,507,933 Series F Preferred Shares issued by SoFi at a price of $8.79 per Series B Share, $3.45 per Series D Share, $9.46 per Series E Share and $15.78 per Series F Share for a total consideration of $242,120. In November 2012, SoFi split 1 Series B Preferred Share into 4 Series B Preferred Shares and the Company held 22,294,876 Series B Preferred Shares after that. In April 2017, the Company disposed 5,719,986 preferred shares of SoFi for total net proceeds of $91,926, recording a realized gain amounting to $58,335 in (Loss) earnings in equity method investments, net of tax on the consolidation statement of operation for the year ended December 31, 2017. The Company held 21.06% and 14.97% equity interest of SoFi as of December 31, 2016 and 2017, respectively and recognized its share of gain in SoFi of $3,902, loss of $3,968 and gain of $10,333 for the years ended December 31, 2015, 2016 and 2017, respectively. The Company accounted for this investment as equity method as of December 31, 2016 and continued to do so during the year ended December 31, 2017 as it believes it is able to exert significant influence through its board seat combined with the board seats held by the Company's two major shareholders on SOFI's board of directors.
[17]	Others represents other equity method investments with individual carrying amounts less than $15,000 as of December 31, 2016 and 2017, respectively.

LONG-TERM INVESTMENTS (Summary Of Financial Information Of The Equity Method Investments) (Details) - Equity method investments [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Equity method investments [Line Items]
Total current assets	$ 10,070,446	$ 7,176,015
Total assets	10,151,227	7,250,680
Total current liabilities	7,825,929	5,200,536
Total liabilities	7,997,108	5,340,139
Noncontrolling interests	0	443,885
Net revenues	673,420	406,686	$ 199,069
Gross profits	579,076	351,782	167,512
(Loss) income from continuing operations	30,669	(25,455)	(58,658)
Net (loss) income	$ 30,669	$ (25,455)	$ (58,658)

LONG-TERM INVESTMENTS (Summary of Long-Term Available-for-Sale Investments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 175,329	$ 177,628	$ 59,136
Gross unrealized gains	17,234	16,387
Other-than -temporary impairment	(90,805)	(50,830)
Fair value	101,758	143,185
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	2,305	0
Gross unrealized gains	7,489	0
Other-than -temporary impairment	0	0
Fair value	9,794	0
Convertible Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	7,500	4,700
Gross unrealized gains	0	0
Other-than -temporary impairment	(1,000)	0
Fair value	6,500	4,700
Convertible redeemable preferred shares [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	165,524	172,928
Gross unrealized gains	9,745	16,387
Other-than -temporary impairment	(89,805)	(50,830)
Fair value	$ 85,464	$ 138,485

PROPERTY AND EQUIPMENT, NET (Schedule Of Property And Equipment, Net) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Property and equipment, net [Line Items]
Equipment, gross	$ 50,944	$ 49,625
Less: Accumulated depreciation	(21,322)	(20,869)
Less: Accumulated impairment loss	(90)	(90)
Equipment, net	29,532	28,666
Building [Member]
Property and equipment, net [Line Items]
Equipment, gross	32,002	29,989
Computer equipment and application software [Member]
Property and equipment, net [Line Items]
Equipment, gross	17,821	18,724
Furniture and vehicles [Member]
Property and equipment, net [Line Items]
Equipment, gross	312	137
Leasehold improvements [Member]
Property and equipment, net [Line Items]
Equipment, gross	$ 809	$ 775

PROPERTY AND EQUIPMENT, NET (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Depreciation expenses from continuing operations	$ 1,974	$ 2,626	$ 7,338
Depreciation expenses from discontinuing operations	$ 0	$ 52	$ 1,500

Goodwill (Schedule Of Changes In Carrying Amounts Of Goodwill) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)
Costs:
Beginning balance	$ 0
Increase in goodwill related to acquisitions	99,654
Exchange difference	2,283
Ending balance	$ 101,937

SHORT-TERM DEBT AND LONG-TERM DEBT (Narrative - Short-term debt) (Details) - USD ($)	1 Months Ended					12 Months Ended
	Jan. 31, 2018	Aug. 31, 2017	Jun. 30, 2017	May 31, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Feb. 28, 2017	Dec. 31, 2016	Nov. 30, 2016	Nov. 30, 2015
Bank of Shanghai [Member]
SHORT-TERM DEBT [Line Items]
Face amount of debt		$ 12,296,000						$ 4,358,000		$ 7,202,000
Debt term		1 year
Debt Instrument Annual Interest Rate as Percentage of One Year Loan								143.50%		141.50%
Debt Instrument, Term		1 year
Debt Instrument bear an annual interest rate							The loan bears an annual interest rates of 137.9% to 149.4% of the one year loan interest rate quoted by the People’s Bank of China and has the loan periods of eight to eleven months.
Hengfeng Bank [Member]
SHORT-TERM DEBT [Line Items]
Face amount of debt				$ 46,109,000	$ 33,045,000
Debt term				1 year	1 year
Debt Instrument, Interest Rate, Effective Percentage				98.90%
Debt Instrument Annual Interest Rate as Percentage of One Year Loan					109.20%
Repayments of Related Party Debt							$ 2,305,000
Debt Instrument, Term				1 year	1 year
Debt Instrument bear an annual interest rate							The loans bear an annual interest rate of 98.9% of the one year loan interest rate quoted by the People’s Bank of China and have a loan period of one year.
Hengfeng Bank [Member] \| Scenario, Forecast [Member]
SHORT-TERM DEBT [Line Items]
Repayments of Related Party Debt						$ 3,074,000
East West Bank [Member]
SHORT-TERM DEBT [Line Items]
Repayments of Related Party Debt			$ 10,000,000
Minimum [Member] \| Bank of Shanghai [Member]
SHORT-TERM DEBT [Line Items]
Debt Instrument Annual Interest Rate as Percentage of One Year Loan		137.90%
Maximum [Member] \| Bank of Shanghai [Member]
SHORT-TERM DEBT [Line Items]
Debt Instrument Annual Interest Rate as Percentage of One Year Loan		149.40%
Short term-loan agreement with the East West Bank, December 2015 [Member]
SHORT-TERM DEBT [Line Items]
Face amount of debt									$ 30,000,000
Short Term Loan Agreement With Bank Of Shangai November 2016 [Member]
SHORT-TERM DEBT [Line Items]
Debt Instrument, Description of Variable Rate Basis							1.2
Debt Instrument Annual Interest Rate as Percentage of One Year Loan											141.50%
Short Term Loan Agreement With East West Bank [Member]
SHORT-TERM DEBT [Line Items]
Debt Instrument, Description of Variable Rate Basis	LIBOR rate plus 1.2%
Repayments of Related Party Debt	$ 20,000

SHORT-TERM DEBT AND LONG-TERM DEBT (Narrative - Long-term debt) (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended
	Oct. 30, 2015	Jan. 31, 2016	Nov. 30, 2015	Oct. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Long-term Debt [Member]
LONG-TERM DEBT [Line Items]
Fair Value Adjustment of Warrants	$ 6,656
Debt Instrument, Interest Rate, Effective Percentage				9.95%
Minimum [Member] \| Long-term Debt [Member]
LONG-TERM DEBT [Line Items]
Interest rate (as a percent)					5.50%	5.50%
Maximum [Member] \| Long-term Debt [Member]
LONG-TERM DEBT [Line Items]
Interest rate (as a percent)					7.00%	7.00%
A trust company [Member] \| SoFi [Member]
LONG-TERM DEBT [Line Items]
Face amount of debt				$ 59,260
Interest rate (as a percent)				6.00%
Number of shares entitled to be purchased on exercise of warrants				1,502,507
Exercise price of warrants issued (in dollars per share)				$ 15.7763
A trust company [Member] \| SoFi [Member] \| Series F Preferred Stock [Member]
LONG-TERM DEBT [Line Items]
Number of Preferred Stock of equity method investee pledged				7,512,535
An asset management company [Member] \| Minimum [Member]
LONG-TERM DEBT [Line Items]
Interest rate (as a percent)			12.00%
An asset management company [Member] \| Maximum [Member]
LONG-TERM DEBT [Line Items]
Interest rate (as a percent)			16.00%
An asset management company [Member] \| SoFi [Member]
LONG-TERM DEBT [Line Items]
Face amount of debt			$ 69,468
Repayments of Long-term Debt		$ 23,608
An asset management company [Member] \| SoFi [Member] \| Series B Preferred Stock [Member]
LONG-TERM DEBT [Line Items]
Number of Preferred Stock of equity method investee pledged			4,970,573
An asset management company [Member] \| SoFi [Member] \| Series D Preferred Stock [Member]
LONG-TERM DEBT [Line Items]
Number of Preferred Stock of equity method investee pledged			6,020,695
An asset management company [Member] \| SoFi [Member] \| Series E Preferred Stock [Member]
LONG-TERM DEBT [Line Items]
Number of Preferred Stock of equity method investee pledged			2,361,116

SHORT-TERM DEBT AND LONG-TERM DEBT (Schedule Of Short Term Debt) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

$ 61,479

$ 37,202

East West Bank [Member]

Bank of Shanghai [Member]

^[1]

30,000

^[2]

12,296

7,202

Hengfeng Bank [Member]

^[3]

$ 49,183

$ 0

[1]	In December 2016, the Company entered into a short-term loan agreement with East West Bank for $30,000. The loan bears an annual interest rate equal to the one month LIBOR rate plus 1.2% and has a loan period of six month. In June 2017, the Company amended and extended the maturity date to April 2018. In October 2017, the Company repaid $10,000 of the loan balance. In January 2018, the Company further refinanced its short term loan agreement with East West Bank and replaced it with a long-term debt. The long-term debt has an annual interest rate equal to LIBOR rate plus 1.2% and is repayable on April 3, 2020. Accordingly, the Company has excluded $20,000 from the short term debt and has reclassified it to long-term debt as of December 31, 2017.
[2]	In November 2016, the Company entered into a short-term loan agreement with Bank of Shanghai for $7,202. The loan bears an annual interest rate of 141.5% of the one year loan interest rate quoted by the People’s Bank of China and has a loan period of six months. The Chief Operating Officer (“COO”) of the Company provided joint and several liability guarantee for the loan. The Company repaid the loan in May 2017.In May and August 2017, the Company entered into five short-term loan agreements with Bank of Shanghai for $12,296. The loans bear an annual interest rates ranging from 137.9% to 149.4% of the one year loan interest rate quoted by the People’s Bank of China and have loan periods ranging from eight to eleven months. The Company repaid the loans in April 2018. In February 2017, the Company entered into a six-month loan agreement with Bank of Shanghai for $4,358. The loan bears an annual interest rates of 143.5% of the one year loan interest rate quoted by the People’s Bank of China and has a loan period of five months. The Company repaid the loan in August 2017.
[3]	In March 2017, the Company entered into a loan agreement with Hengfeng Bank for $33,045. The loan bears an annual interest rate of 109.2% of the one year loan interest rate quoted by the People’s Bank of China. The Company repaid $2,305 of the principal during the year ended December 31, 2017. $3,074 of the principal is due during the year ended December 31, 2018 and the remaining balance, classified as long-term debt, is due during the years ended December 31, 2019 and 2020.

SHORT-TERM DEBT AND LONG-TERM DEBT (Schedule Of Debt Instruments) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

An asset management company [Member]

$ 47,665

$ 95,390

^[1]

42,786

A trust company [Member]

Hengfeng Bank and East West Bank [Member]

^[2]

52,604

Long-term Debt, Excluding Current Maturities

^[3],[4]

$ 47,665

$ 0

[1]	In November 2015, the Company entered into a long-term loan agreement with an asset management company to borrow $69,468 in order to finance the investment in SoFi. The loan bears an annual interest rate ranging from 12% to 16% upon certain scenarios, including a qualified public offering of SoFi during the period of the loan, and requests the pledge of certain assets of the Company including building, the long-term investment in Hayman, and certain shares of SoFi owned by the Company including 4,970,573 Series B Preferred Stock, 6,020,695 Series D Preferred Stock and 2,361,116 Series E Preferred Stock. The loan is expected to be repaid within four years. The Chief Executive Officer (“CEO”) of the Company provided joint and several liability guarantee for the loan. The loan can be repaid in advance at the option of the Company upon distribution from the long-term investment in one of its equity method investee, or upon approval from the asset management company. In January 2016, the Company received the notice for such distribution from the equity method investee and repaid $23,608 of the loan balance. In early 2017, the Company made a request to the asset management company for an early repayment. Such request was approved and the Company repaid the remainder of the loan in February 2017.
[2]	In October 2015, the Company entered into a long-term loan agreement with a trust company to borrow $59,260 in order to finance the investment in SoFi. The loan bears an annual interest rate 6% and requests the pledge of 7,512,535 Series F Preferred Stock of SoFi owned by the Company. As of December 31, 2017, as a result of SoFi missing certain revenue target, the loan became due within one year. Accordingly, the Company reclassed the loan to long-term debt - current. Additionally, the Company issued the trust company a warrant to purchase 1,502,507 Series F Preferred Stock of SoFi from the Company at a preliminary exercise price of $15.7763 per share upon occurrence of certain events within five years, including a qualified public offering of SoFi. Such warrant was considered as liability-classified warrants and separately recorded based on its fair value under the caption of "Other non-current liabilities" on the consolidated balance sheet.
[3]	In December 2016, the Company entered into a short-term loan agreement with East West Bank for $30,000. The loan bears an annual interest rate equal to the one month LIBOR rate plus 1.2% and has a loan period of six month. In June 2017, the Company amended and extended the maturity date to April 2018. In October 2017, the Company repaid $10,000 of the loan balance. In January 2018, the Company further refinanced its short term loan agreement with East West Bank and replaced it with a long-term debt. The long-term debt has an annual interest rate equal to LIBOR rate plus 1.2% and is repayable on April 3, 2020. Accordingly, the Company has excluded $20,000 from the short term debt and has reclassified it to long-term debt as of December 31, 2017.
[4]	In March 2017, the Company entered into a loan agreement with Hengfeng Bank for $33,045. The loan bears an annual interest rate of 109.2% of the one year loan interest rate quoted by the People’s Bank of China. The Company repaid $2,305 of the principal during the year ended December 31, 2017. $3,074 of the principal is due during the year ended December 31, 2018 and the remaining balance, classified as long-term debt, is due during the years ended December 31, 2019 and 2020.

SHORT - TERM DEBT AND LONG-TERM DEBT (Schedule Of Long-term debt – current) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

$ 47,665

$ 95,390

Trust Company [Member]

Long-term Debt, Excluding Current Maturities

^[1]

$ 0

$ 52,604

[1]

In October 2015, the Company entered into a long-term loan agreement with a trust company to borrow $59,260 in order to finance the investment in SoFi. The loan bears an annual interest rate 6% and requests the pledge of 7,512,535 Series F Preferred Stock of SoFi owned by the Company. As of December 31, 2017, as a result of SoFi missing certain revenue target, the loan became due within one year. Accordingly, the Company reclassed the loan to long-term debt - current. Additionally, the Company issued the trust company a warrant to purchase 1,502,507 Series F Preferred Stock of SoFi from the Company at a preliminary exercise price of $15.7763 per share upon occurrence of certain events within five years, including a qualified public offering of SoFi. Such warrant was considered as liability-classified warrants and separately recorded based on its fair value under the caption of "Other non-current liabilities" on the consolidated balance sheet.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Schedule Of Accrued Expenses And Other Current Liabilities) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Accrued expenses and other current liabilities

Employee payroll and welfare payables

$ 3,437

$ 2,800

Other tax payable

12,676

7,013

Accrued professional, marketing and leasing fees

6,032

3,965

Interest payable

^[1]

13,472

1,761

Other payables

10,281

4,242

$ 45,898

$ 19,781

[1]	The balance mainly include the interest payable of Long-term debt - current (see Note 13 (v)).

PAYABLE TO INVESTORS (Narrative) (Details)	12 Months Ended
PAYABLE TO INVESTORS (Narrative) (Details)	Dec. 31, 2017	Dec. 31, 2016
Long-term Debt [Member]
Debt Instrument, Term	21 months	21 months
Minimum [Member] \| Long-term Debt [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.50%	5.50%
Maximum [Member] \| Long-term Debt [Member]
Debt Instrument, Interest Rate, Stated Percentage	7.00%	7.00%
Short-term Debt [Member] \| Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	8.60%	8.60%
Debt Instrument, Term	15 days	15 days
Short-term Debt [Member] \| Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage	11.04%	11.04%
Debt Instrument, Term	12 months	12 months

INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Statutory income tax rate (as a percent)	25.00%	25.00%	25.00%
Net operating loss carry forwards	$ 55,745	$ 54,567
PRC [Member]
Income Taxes [Line Items]
Statutory income tax rate (as a percent)	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%
High and New Tech Enterprise [Member]
Income Taxes [Line Items]
Statutory income tax rate (as a percent)	15.00%

INCOME TAXES (Schedule Of Current And Deferred Component Of Income Tax Expenses (Benefits) Which Were Substantially Attributable To The Companys PRC Subsidiaries And VIE And VIEs Subsidiaries) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current and deferred component of income tax expenses (benefits)
Income tax expenses	$ 4,479	$ 2,470	$ 3,124
PRC [Member]
Current and deferred component of income tax expenses (benefits)
Current income tax expenses	4,479	2,470	3,124
Deferred income tax expenses			0
Income tax expenses	$ 4,479	$ 2,470	$ 3,124

INCOME TAXES (Schedule Of Principal Components Of The Deferred Tax Assets And Liabilities) (Details) - PRC [Member] - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets
Provision for doubtful accounts	$ 3,422	$ 5,339
Accrued payroll and welfare	809	700
Accrued liabilities	2,414	2,409
Long term investment impairment	2,328	0
Excessive advertising fees	1,990	1,572
Excessive employee education fee	161	150
Net operating loss carry forwards	55,745	54,567
Non-current deferred tax assets
Less valuation allowance	(66,869)	(64,737)
Deferred tax assets, net	0
Deferred tax liabilities	$ 0

INCOME TAXES (Schedule Of Reconciliation Between The Income Taxes Expense (Benefit) Computed By Applying PRC Tax Rate To Income (Loss) Before Income Taxes And Actual Provision For Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating loss carry forwards [Line Items]
Loss before provision of income tax	$ (173,264)	$ (173,400)	$ (214,585)
PRC statutory income tax rate (as a percent)	25.00%	25.00%	25.00%
Income tax at statutory tax rate	$ (43,316)	$ (43,350)	$ (53,646)
Taxable deemed interest income from inter-company interest-free loans	7,288	6,925	5,632
Non-deductible loss and other expenses not deductible for tax purposes	37,096	42,571	41,114
Effect of income tax rate differences in jurisdictions other than the PRC	709	(54)	(27)
Effect of tax holidays	570	0	0
Changes in valuation allowance	2,132	(3,622)	10,051
Income tax expenses	$ 4,479	$ 2,470	$ 3,124

ORDINARY SHARES (Details) - Class A ordinary shares [Member] - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
ORDINARY SHARES [Line Items]
Total consideration given for repurchase of ordinary shares	$ 0	$ 0
Board of Directors Chairman [Member]
ORDINARY SHARES [Line Items]
Total consideration given for repurchase of ordinary shares			$ 10,292,000
Ordinary shares [Member]
ORDINARY SHARES [Line Items]
Shares repurchased			10,912,110
Ordinary shares [Member] \| Board of Directors Chairman [Member]
ORDINARY SHARES [Line Items]
Shares repurchased	0	0	10,912,110

FAIR VALUE MEASUREMENTS (Summary Of Companys Financial Assets Measured And Recorded At Fair Value On Recurring Basis) (Details) - Recurring basis [Member] - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Short-term investments Trading securities:
Equity securities	$ 9,794
Funds		411
Future		(1)
Long-term investments Available-for-sale investments:
Convertible redeemable preferred shares	85,464	138,485
Convertible debt	6,500	4,700
Other non-current liabilities
Liability-classified warrant	(6,356)	(6,551)
Total	95,402	137,044
Quoted price in active markets for identical assets Level 1 [Member]
Short-term investments Trading securities:
Equity securities
Funds		411
Future		(1)
Long-term investments Available-for-sale investments:
Convertible redeemable preferred shares
Convertible debt
Other non-current liabilities
Liability-classified warrant
Total		410
Significant other observable inputs Level 2 [Member]
Short-term investments Trading securities:
Equity securities	9,794
Funds
Future
Long-term investments Available-for-sale investments:
Convertible redeemable preferred shares
Convertible debt
Other non-current liabilities
Liability-classified warrant
Total	9,794
Significant unobservable inputs Level 3 [Member]
Short-term investments Trading securities:
Equity securities	0
Funds
Future
Long-term investments Available-for-sale investments:
Convertible redeemable preferred shares	85,464	138,485
Convertible debt	6,500	4,700
Other non-current liabilities
Liability-classified warrant	(6,356)	(6,551)
Total	$ 85,608	$ 136,634

FAIR VALUE MEASUREMENTS (Summary of Reconciliation of Fair Value Measurement Using Level 3) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Liability classified warrant [Member]
Fair value measurements
Balance at beginning of period	$ (6,551)	$ (6,656)
Initial recognition		0
Derecognition
(Losses) earnings for the period
Earnings	195	105
Impairment losses
Other comprehensive loss
Balance at end of period	(6,356)	(6,551)
Convertible debt [Member]
Fair value measurements
Balance at beginning of period	4,700	6,500
Initial recognition	3,000	3,200
Derecognition	(200)	(5,000)
(Losses) earnings for the period
Earnings
Impairment losses	(1,000)
Other comprehensive loss
Balance at end of period	6,500	4,700
Convertible redeemable preferred shares [Member]
Fair value measurements
Balance at beginning of period	138,485	219,278
Initial recognition		6,492
Derecognition	(10,647)	(17,937)
(Losses) earnings for the period
Earnings	0
Impairment losses	(38,975)	(50,830)
Other comprehensive loss	(3,399)	(18,518)
Balance at end of period	85,464	138,485
Written put option [Member]
Fair value measurements
Balance at beginning of period	0	(7,000)
Initial recognition
Derecognition		7,000
(Losses) earnings for the period
Earnings
Impairment losses
Other comprehensive loss
Balance at end of period		$ 0

FAIR VALUE MEASUREMENTS (The liability-classified warrant was valued using Black-Scholes model) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Exercise price	$ 15.78	$ 15.78
Annual risk-free interest rate	2.00%	1.70%
Volatility	31.00%	28.00%
Dividend yield

FAIR VALUE MEASUREMENTS (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Financial assets measured and recorded at fair value [Line Items]
Cost Method Investments	$ 144,797	$ 194,437
Cost Method Investments, Fair Value Disclosure	187,649
Cost-method Investments [Member]
Financial assets measured and recorded at fair value [Line Items]
Cost-method Investments, Other than Temporary Impairment	53,058	43,958
Available-for-sale Securities [Member]
Financial assets measured and recorded at fair value [Line Items]
Other than Temporary Impairment Loss, Investments, Portion in Other Comprehensive Loss, before Tax, Portion Attributable to Parent, Available-for-sale Securities	39,975	50,830
Equity Method Investments [Member]
Financial assets measured and recorded at fair value [Line Items]
Impairment loss on equity method investment	$ 20,040	$ 7,519

SHARE-BASED COMPENSATION (Stock Options) (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended			12 Months Ended
	Dec. 23, 2015	May 19, 2014	Dec. 28, 2012	Aug. 24, 2017	Feb. 26, 2016	Dec. 31, 2012	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Number of days for calculation of average closing price of one ADS		30 days
Total incremental cost				$ 10,382
Closing stock price of ordinary shares (in dollars per share)							$ 0.69	$ 0.53	$ 1.23
Unrecognized share-based compensation cost disclosure
Intrinsic value of options exercised							$ 293	$ 1,118	$ 2,044
Proceeds by noncontrolling shareholder									1,930
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value							16,036	$ 12,721	$ 23,008
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Incremental Compensation Cost Related To Vested Options							7,427
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Incremental Compensation Cost Related To Unvested Options							2,955
Wanmen [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Percentage of Initially Owned Equity Interest									75.00%
Stock options [Member]
Unrecognized share-based compensation cost disclosure
Unrecognized share-based compensation expense relating to share options							$ 22,147
Weighted-average vesting period for recognition of unrecognized share-based compensation cost							1 year 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value								$ 0.54
Employee stock options [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Award vesting period							6 years
Percantage of options to be forfeited on May 19, 2017 unless the average closing price of one ADS for specific period is US$6.00 or higher		100.00%
Number of days for calculation of average closing price of one ADS		30 days
Minimum average closing price of one ADS for specific period		$ 6.00
Options granted to employees, management and external advisors (in shares)		69,593,691
Exercise price of awards granted (in dollars per share)		$ 1.097
Share-based compensation expenses from continuing operations							$ 23,904	$ 19,420	$ 22,989
Share-based compensation expenses from discontinued operations									$ 1,736
Employee stock options [Member] \| Share-based Compensation Award, Tranche Two [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Options granted to employees, management and external advisors (in shares)		34,796,844
Unrecognized share-based compensation cost disclosure
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights		(2) 25% of the options will be vested on May 19, 2015 and 1/36 of the remaining 75% will be vested at the 18th day of each calendar month after May 19, 2015 through the end of the fourth year.
Employee stock options [Member] \| Share-based Compensation Award, Tranche One [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Options granted to employees, management and external advisors (in shares)		34,796,847
Unrecognized share-based compensation cost disclosure
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights		1/36 of the remaining 75% will be vested at the 18 th day of each calendar month after May 19, 2015
Modified stock options [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Exercise price of the outstanding share options granted before modification (in dollars per ADS)			$ 4.00
Exercise price of the outstanding share options granted after modification (in dollars per ADS)			$ 3.30
Outstanding options eligible for modification (in shares)						27,480,309
Total incremental cost						$ 4,281
Modified Stock Options 23 December 2015 [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Total incremental cost	$ 10,926
ModifiedStockOptions24August2017 [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Exercise price of the outstanding share options granted before modification (in dollars per ADS)				$ 0.478
Exercise price of the outstanding share options granted after modification (in dollars per ADS)				$ 0.478
2011 Stock Incentive Plan [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Options approved under the plan (in shares)					110,014,158
Options granted to employees, management and external advisors (in shares)					45,000,000
Stock Incentive Plan 2006 [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Options approved under the plan (in shares)					97,430,220
Stock Incentive Plan 2008 [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Options approved under the plan (in shares)					30,529,630
Stock Incentive Plan 2009 [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Options approved under the plan (in shares)					40,000,000
Stock Incentive Plan 2016 [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Options approved under the plan (in shares)					53,596,236
Link224 Inc. Plan [Member]
SHARE-BASED COMPENSATION : Stock Options [Line Items]
Options approved under the plan (in shares)					13,055,529

SHARE-BASED COMPENSATION (Schedule Of Fair Value Of Options Granted, Estimated On Date Of Grant Using Option-Pricing Models With Assistance From Marsh, Independent Valuation Firm, With Assumptions Used) (Details) - Binomial option pricing model [Member]	12 Months Ended
	Dec. 31, 2016 $ / shares
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 [Line Items]
Risk-free interest rate (as a percent)	2.00%
Expected term (in years)	10 years
Exercise price	$ 1.227
Volatility (as a percent)	50.00%
Dividend yield (as a percent)

SHARE-BASED COMPENSATION (Summary Of Information With Respect To Share Options Outstanding) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($) $ / shares shares
Options outstanding
Number outstanding (in shares) \| shares	141,481,616
Weighted average intrinsic value \| $	$ 30,503
Options exercisable
Number of exercisable (in shares) \| shares	106,073,940
Weighted average intrinsic value \| $	$ 22,903
Range of exercise price from $0.08-$0.18 [Member]
Information with respect to share options outstanding [Line Items]
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) \| shares	442,515
Weighted average remaining contractual life	1 year 7 months 13 days
Weighted average exercise price (in dollars per share)	$ 0.18
Weighted average intrinsic value \| $	$ 227
Options exercisable
Number of exercisable (in shares) \| shares	442,455
Weighted average remaining contractual life	1 year 7 months 13 days
Weighted average exercise price (in dollars per share)	$ 0.18
Weighted average intrinsic value \| $	$ 227
Range of exercise price from $0.3-$0.48 [Member]
Information with respect to share options outstanding [Line Items]
Low end of range of exercise prices (in dollars per share)	$ 0.3
High end of range of exercise prices (in dollars per share)	$ 0.48
Options outstanding
Number outstanding (in shares) \| shares	141,039,101
Weighted average remaining contractual life	6 years 4 months 24 days
Weighted average exercise price (in dollars per share)	$ 0.48
Weighted average intrinsic value \| $	$ 30,276
Options exercisable
Number of exercisable (in shares) \| shares	105,631,485
Weighted average remaining contractual life	5 years 11 months 16 days
Weighted average exercise price (in dollars per share)	$ 0.48
Weighted average intrinsic value \| $	$ 22,676

SHARE-BASED COMPENSATION (Summary Of Activity Of Stock Options Granted) (Details) - Stock options [Member]	12 Months Ended
	Dec. 31, 2017 $ / shares shares
Number of shares
Balance at the beginning of the period (in shares) \| shares	145,446,560
Exercised (in shares) \| shares	(1,715,895)
Forfeited (in shares) \| shares	(2,249,049)
Balance at the end of the period (in shares) \| shares	141,481,616
Exercisable, at the end of the period (in shares) \| shares	106,073,940
Vested and expected to vest, at the end of the period (in shares) \| shares	35,407,676
Weighted average exercise price
Balance at the beginning of the period (in dollars per share)	$ 0.96
Exercised (in dollars per share)	0.33
Forfeited (in dollars per share)	0.36
Balance at the end of the period (in dollars per share)	0.48
Exercisable, at the end of the period (in dollars per share)	0.48
Vested and expected to vest, at the end of the period (in dollars per share)	0.48
Weighted average grant date fair value
Balance at the beginning of the period (in dollars per share)	0.63
Exercised (in dollars per share)	0.3
Forfeited (in dollars per share)	0.16
Balance at the end of the period (in dollars per share)	$ 0.64

SHARE-BASED COMPENSATION (Summary Of Nonvested Restricted Shares Activity) (Details) - Nonvested restricted shares [Member]	12 Months Ended
	Dec. 31, 2017 $ / shares shares
Weighted number of nonvested restricted shares
Outstanding at the beginning of the period (in shares) \| shares	15,935,208
Granted (in shares) \| shares	1,475,608
Vested (in shares) \| shares	(5,182,140)
Forfeited (in shares) \| shares	(1,425,993)
Outstanding at the end of the period (in shares) \| shares	10,802,683
Weighted average fair value per ordinary share at the grant dates
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 1.00
Granted (in dollars per share) \| $ / shares	0.53
Vested (in dollars per share) \| $ / shares	1.01
Forfeited (in dollars per share) \| $ / shares	0.9
Outstanding at the end of the period (in dollars per share) \| $ / shares	$ 0.95

SHARE-BASED COMPENSATION (Nonvested Restricted Shares) (Narrative) (Details) - Nonvested restricted shares [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other disclosures
Compensation expense	$ 4,112	$ 4,124	$ 1,509
Unrecognized compensation expense	$ 10,323
Expected weighted-average period for unrecognized compensation expense to be recognized	2 years 1 month 13 days

SHARE-BASED COMPENSATION (Share-Based Compensation Attributable To Selling And Marketing, Research And Development And General And Administrative Expenses And Loss From Operations Of Discontinued Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based compensation recorded by Group [Line Items]
Share-based compensation expenses from continuing operations	$ 28,016	$ 23,544	$ 26,505
Options and nonvested restricted shares [Member]
Share-based compensation recorded by Group [Line Items]
Expense recorded in discontinued operations		0	1,736
Share-based compensation	28,016	23,544	28,241
Options and nonvested restricted shares [Member] \| Selling and marketing [Member]
Share-based compensation recorded by Group [Line Items]
Share-based compensation expenses from continuing operations	598	770	243
Options and nonvested restricted shares [Member] \| Research and development [Member]
Share-based compensation recorded by Group [Line Items]
Share-based compensation expenses from continuing operations	1,092	1,363	781
Options and nonvested restricted shares [Member] \| General and administrative [Member]
Share-based compensation recorded by Group [Line Items]
Share-based compensation expenses from continuing operations	$ 26,326	$ 21,411	$ 25,481

RELATED PARTY BALANCES AND TRANSACTIONS (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended							12 Months Ended
	Apr. 30, 2017	Apr. 17, 2017	Oct. 31, 2015	Feb. 28, 2015	Mar. 31, 2014	Sep. 30, 2012	Jul. 31, 2012	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2006	Nov. 30, 2016	Nov. 30, 2015
Details of related party balances and transactions [Line Items]
Amounts due from related parties								$ 15,224	$ 13,419
Proceeds from Sale of Equity Method Investments								$ 94,604	18,460	$ 94
Equity Method Investment, Realized Gain (Loss) on Disposal	$ 58,335
CEO [Member]
Details of related party balances and transactions [Line Items]
Face amount of debt													$ 69,468
Liu Guolan [Member]
Details of related party balances and transactions [Line Items]
Payments to Fund Long-term Loans to Related Parties											$ 167
Maturity period											10 years
Other Income									7,021
Proceeds from (Repayments of) Related Party Debt									$ 7,188
SoFi [Member]
Details of related party balances and transactions [Line Items]
Equity Method Investment Number Of Securities Sold		5,719,986
Proceeds from Sale of Equity Method Investments		$ 91,926
Equity Method Investment, Realized Gain (Loss) on Disposal		$ 58,335
SoFi [Member] \| Series B shares [Member]
Details of related party balances and transactions [Line Items]
Payment for equity method investments						$ 49,000
SoFi [Member] \| Series D shares [Member]
Details of related party balances and transactions [Line Items]
Payment for equity method investments					$ 20,789
SoFi [Member] \| Series E preferred shares [Member]
Details of related party balances and transactions [Line Items]
Payment for equity method investments				$ 22,331
SoFi [Member] \| Series F Preferred Stock [Member]
Details of related party balances and transactions [Line Items]
Payment for equity method investments			$ 150,000
SoFi Lending Corp. [Member] \| Series 2012-A Senior Secured Refi Loan Notes [Member]
Details of related party balances and transactions [Line Items]
Purchases of Series 2012-A Senior Secured Refi Loan Notes							$ 10,000
Guaranteed by Chief Operating Officer [Member]
Details of related party balances and transactions [Line Items]
Face amount of debt												$ 7,202

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule Of Amounts Due From Related Parties) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Tianjin Yi Chuang Xin He Information Technology Co., Ltd [Member]

$ 15,224

$ 13,419

^[1]

10,759

10,082

$ 4,465

$ 3,337

[1]

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule Of Amount Due To Related Parties) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Others

$ 7,054

$ 222

17,746

10,914

Eall [Member]