Photo/Shetuwang

Dec. 31 (NBD) -- Once-popular social networking platform renren.com is making a comeback with the release of a new app on Monday.

Launched by Beijing Infinities Interactive Media, the new Renren app still focuses on connecting students, and users are granted easy access to their forgotten passwords. 

Back in November 2018, Beijing Qianxiang Wangjing, a subsidiary of Renren Inc. (NYSE:RENN), sold all tangible and intangible assets of renren.com to Beijing Infinities Interactive Media at 20 million U.S. dollars.

Renren.com, previously hailed as the "Facebook of China", once made Renren Inc. a high-flying tech stock in the U.S. but its glamour started fading after tech behemoths like Tencent and Sina ventured into the space. Data shows that renren.com had about 31 million monthly active users as of March 31, 2018.

Email: lansuying@nbd.com.cn