Baidu Buys The ‘Chinese Groupon’ From Renren
Renren Inc (NYSE:RENN) shares jumped after it sold its majority stake in the group-buy site Nuomi.com to Chinese IT powerhouse Baidu.com, Inc. (ADR) (NASDAQ:BIDU), reports Belinda Cao for Bloomberg. Baidu’s shares fell 0.7 percent after the deal was announced, its biggest decrease all week.
Baidu . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.