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

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

E-Commerce Global Tech

Alibaba Mobile Drive Leads to Autonavi

Less than two weeks after buying a major stake in leading Chinese microblogging site Sina Weibo, e-commerce leader Alibaba is back on the acquisition track with word that it’s on the cusp of another deal to buy a similar strategic stake in mapping services firm AutoNavi. While this newest deal would be a bit smaller than the Weibo tie-up, it marks the latest transaction in a nascent M&A wave among China tech firms that looks set to gain momentum during the rest of the year.   More