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RENN adds USD150 mln investment on online loaning platform SoFi

SHANGHAI
2015-10-28 11:21

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Renren Inc (RENN.NYSE), a leading real name social networking internet platform in China, announced that it had added 150 million US dollars investment on the US-based online loaning platform Social Finance.

Renren said that it planned to lend a maximum of 130 million US dollars from financial institutions to further add investment on SoFi in future. The company has become the investor of SoFi since 2012.

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