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Tag Index  /  Showing 1 - 2 of 2 results for “Renren”

Global Tech

Chinese Microblogging: Weibos May Be on the Wane

New data is highlighting an online trend that I wrote about last year, namely that microblogs have peaked in popularity and are starting to decline, in a bad sign for leading Web portal Sina as it rushes to monetize and list its popular Weibo service. Frankly speaking, I’m not too optimistic anymore about the prospects for Sina Weibo, which is really just a copy of U.S. social media pioneer Twitter and hasn’t shown much ability to innovate in the rapidly changing social networking space.   More

Business E-Commerce Global Tech

Baidu Eyes Group Buying With Nuomi

Barely a month goes by these days without rumor of a new acquisition target for Baidu, which suddenly seems anxious to buy up major assets in its bid to diversify beyond its core search business. The latest rumors say Baidu is close to a deal to purchase Nuomi, the group buying unit of social networking leader Renren. As one of China’s most profitable Internet companies, Baidu is hoping to take advantage of low valuations of Chinese Internet firms, many of which are running low on cash and have had trouble attracting interest from foreign investors.   More