Summary | Renren (NYSE: RENN), often called the Facebook of
China, appears to have purchased up-and-coming video sharing
site 56.com for a bargain price in its first major M&A, casting
a spotlight on the growing pressure that young Chinese web
firms are facing in the current Internet bubble. The Renren
news, which saw it buy money-losing 56.com ...
China, appears to have purchased up-and-coming video sharing
site 56.com for a bargain price in its first major M&A, casting
a spotlight on the growing pressure that young Chinese web
firms are facing in the current Internet bubble. The Renren
news, which saw it buy money-losing 56.com ...
youngchinabiz.com | 07 April 2016