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Our History
2018
Sept
  • Renrendai's custodian bank, China Minsheng Bank, was included as one of the first batch of approved P2P custodian banks in China.
July
  • Renrendai was elected as a standing committee member of National Internet Finance Association of China (NIFA).
Apr
  • The company, originally named Renren Youxin, was rebranded as Youxin Financial.
Feb
  • Transaction volume on Renrendai exceeded RMB 50 billion.
Jan
  • Renrendai was featured on the Hurun New Finance Report in 2018 for the third year in a row.

    • Renrendai ranked No.2 on the Top 100 P2P Company List by Wangdaizhijia, showing its leadership position in compliance performance.


2017
Jun
  • Jackson Cheung was invited to attend 2017 Summer Davos in China.
Mar
  • Renrendai was awarded as 2016 Zhongguancun Top Unicorns.
Jan
  • Renrendai re-entered 2017 Top 50 New Finance Companies in China by Hurun Report.
2016
Sep
  • Renren Youxin (now as Youxin Financial) was included in China Fintech 50 by KPMG.
Jul
  • Renrendai was included in “Top 100 Chinese Internet Companies” by Internet Society of China and MIIT for the second time.
Feb
  • Renrendai entered into custodian banking relationship with China Minsheng Bank.
Jan
  • Renrendai was awarded 2016 Top 50 New Finance Companies in China by Hurun Report.
2015
Dec
  • Renrendai was awarded Deloitte's Technology Fast 500™ in 2015 and was No.15 in APAC.
Oct
  • Renrendai’s total transaction volume exceeded RMB 10 billion. Ucredit was certified as AAA Credit Enterprise in China's Financial Services Industry.
Jul
  • Renrendai was included in “Top 100 Chinese Internet Companies” by Internet Society of China and MIIT.
2014
Sep
  • Jackson Cheung, Li Xinhe, and Yang Yifu were recognized by Fortune Magazine's 40 Under 40 in China list in 2014.
May
  • Renrendai was certified as “a Company with AAA Credit Rating” by Credit Rating Center of Internet Society of China.
Feb
  • Jackson Cheung, Li Xinhe, and Yang Yifu were honored “30 under 30” by Forbes in 2014, and Jackson Cheung was featured on the cover of Forbes.
Jan
  • The group received $130 million in Series A funding, the largest Series A funding round in the fintech space at the time.
2012
Nov
  • Renrendai was elected as a new council member of China Association of Microfinance(CAM).
Mar
  • Renrendai was the first company to publish performance report in the industry.
2011
Oct
  • Renrendai participated as a sponsor of the Joint Committee of Microcredit Service Intermediaries.
May
  • Ucredit was founded.
2010
Oct
  • www.renrendai.com was launched.
Apr
  • Renrendai was founded.
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