Dec 04, 2012
Beijing-based social networking site operator Renren (NYSE: RENN) has denied rumors, attributed to a source within the company, that it will soon begin laying off employees, particularly in the website, gaming, and mobile divisions.
Renren's website division is primarily focused on the company's PC client, while the gaming and mobile departments focus on independent business lines.
SendingThe information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.
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