Renren (RENN) is about to ramp its game licensing and Android game development efforts, says...

|About: Renren Inc. (RENN)|By:, SA News Editor

Renren (RENN) is about to ramp its game licensing and Android game development efforts, says exec He Chuan. With Renren's social network increasingly overshadowed by Tencent and Sina, gaming has turned into a priority for the company - its Renren Games unit already employs ~700 people, and has contributed to an R&D spending surge. Online games accounted for 53% of Renren's Q4 sales, and rose 117% Y/Y. Online ad sales, on the other hand, fell 17%.