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. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat