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Renren Inc, regarded by many as China's Facebook, will dispose all assets in its social networking service (SNS) business for a cash consideration of $20 million, the company announced on Wednesday.
被许多人视为中国的“脸书”的人人公司于周三宣布，将以2000万美元的现金对价出售其全部社交网络服务业务资产。
Beijing Qianxiang Wangjing Technology Development Co Ltd, a China-incorporated subsidiary wholly controlled by Renren, has agreed to sell all tangible and intangible assets in www.renren.com and its related Renren SNS business to Beijing Infinities Interactive Media Co Ltd, according to the announcement.
根据声明，人人公司的中国全资子公司北京千橡网景科技发展有限公司，已同意将人人网及其社交网络服务相关业务的全部有形和无形资产，售予北京多牛互动传媒股份有限公司。
Infinities Technology (Cayman) Holding Limited, the buyer's parent company, has agreed to issue to Renren shares of the company with a value of $40 million, based on an agreed-upon estimated valuation of the buyer's parent company at $700 million.
买方母公司多牛科技（开曼）控股有限公司同意按照双方认可的7亿美元买方母公司估值向人人发行价值4000万美元的股份。
After completion of this transaction, Renren will focus on used car business in China and businesses outside China, including the Trucker Path business and software as a service business in the US.
本次交易完成后，人人将专注于国内二手车业务和在美国开展的Trucker Path业务和软件即服务业务等境外业务。
Renren also intends to remain listed on the New York Stock Exchange, the announcement said.
声明称，人人还打算保持其在纽交所上市公司的身份。
Renren's American depositary shares, each of which represents fifteen Class-A ordinary shares, gained 8.57 percent to $1.52 on Tuesday, according to the latest statistics from the New York Stock Exchange.
根据纽约证券交易所的最新数据，人人的美国存托股票，每股相当于15股A级普通股，周二收涨8.57%，报收1.52美元。
