glutinous Rice net Q1 net revenue 900,000 USD operating expenses 4.6 million USD

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June 21 News, Renren released its first quarterly financial report as of March 31, 2011. Earnings disclosed that the company's group of companies to buy glutinous rice net operating income of 900,000 U.S. dollars, operating expenditure of 4.6 million U.S. dollars.

Renren's net operating income in the first quarter of 2011 was $20.6 million, an increase of 46.6% over a year earlier. Among them, everyone company's group purchase website glutinous Rice Net contributed 900,000 U.S. dollars net operating income. According to this calculation, glutinous rice net through the operating income of the company's operating income ratio of 4.3%.

In the first quarter of 2011, the operating expenses of Renren amounted to $21.2 million trillion, up 88.6% from the same period last year, which included $4.6 million in operating expenses of the glutinous rice network. Among them, sales and market costs of 9.8 million U.S. dollars, compared with the same period last year, increased by 101.5%, the growth is mainly used in the sticky rice network advertising and advertising revenue from the growth of sales team caused by increased commission. According to this calculation, glutinous rice network operating expenses accounted for 21.6% of the operating expenses of everyone.

According to the previous 11500.html "> Buy Navigation website Group 800 latest report, group purchase website comprehensive Strength Ranking, glutinous rice net 5th, the top four are the United States, the public comment Group, 24 coupons, handle nets." May Group Purchase Sales list, the glutinous rice net occupies the 11th place, the sales amount is 26.377 million yuan.