Chinese search engine company Baidu announced that the company has signed an agreement with Renren.com to acquire an additional stake in Nuomi.com held by Renren, making Nuomi.com a fully-owned subsidiary of Baidu. The deal is expected to be closed in the first quarter of 2014. In Mandarin Chinese, “nuomi” means “sticky rice”. Launched on June […]
LinkedIn has appointed Shen Boyang as its global vice president and president for the China region. In this new position, Shen will be responsible for the planning of LinkedIn’s services for Chinese members and customers. This appointment marks an important step for LinkedIn’s entry into the Chinese market. LinkedIn revealed in a report that the […]
Chinese social networking company Renren.com has published its unaudited financial report for the second quarter of 2012, reporting USD3.6 million net operating revenue from its group buying service site Nuomi.com.
China’s Shanda has announced its launch a new navigation site, Tuan.sdo.com, for group buying websites.
