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Technology Stocks : Renren

RENN 1.650

-2.9%

Jun 21 5:00 PM EST

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From: Glenn Petersen	1/20/2015 7:15:17 PM
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Another non-core investment by RENN in a U.S. firm: China's Renren social network invests in Motif trading platform By [url=]Jennifer Booton[/url] MarketWatch Published: Jan 20, 2015 12:36 p.m. ET NEW YORK (MarketWatch) - Online brokerage Motif Investing announced a $40 million investment by Chinese social networking company Renren Inc. RENN, -0.39% on Tuesday, and said Renren founder, Joe Chen, and former Goldman Sachs GS, +0.14% investment banking vice chairman, Carl Stern, have joined its board of directors. The cash infusion will be used to help fund the Silicon Valley-based trading platform's expansion abroad. Motif offers retail investors stocks and bonds arranged in low-cost themed bundles - or motifs -- that typically reflect broader concepts and investment styles. One such motif that has a 29.6% one-year return is designed around drug-patent cliffs, bundling together generic and over-the-counter drug companies like Actavis plc ACT, +0.13% and Perrigo Co. PRGO, +0.90% marketwatch.com

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