Simtoo, a Shenzhen-based drone manufacturer, has reportedly closed a RMB72 million funding round. Chinese social networking company Renren Inc co-led …
Chen Yizhou, chief executive officer of Renren, says the company is planning to sell some non-core businesses to improve their profitability and they are also considering investment and expansion opportunities in America and Hong Kong. Chen revealed during an interview with local Chinese media that under the current model it is hard for the company […]
Xueqiu.com, a Chinese social investment website, has completed its third round of financing of USD40 million with investors including Renren.com and Morningside Ventures. Xueqiu’s products include its website and an application for smart devices. Officially launched in November 2011, Xueqiu has been providing data inquiries, information, and interactive communications services to Chinese investors. Its services […]
Chinese search engine company Baidu announced that the company has signed an agreement with Renren.com to acquire an additional stake in Nuomi.com held by Renren, making Nuomi.com a fully-owned subsidiary of Baidu. The deal is expected to be closed in the first quarter of 2014. In Mandarin Chinese, “nuomi” means “sticky rice”. Launched on June […]
SocialTouch, one of the many startups in China trying their hand at monitoring Chinese social media, has raised its latest round of investment. The company’s Series C investment round was led by Sierra Ventures and included existing investors GGV Capital and Legend Capital. This new round of funding will be used for product development and […]
Chinese Internet video company Youku-Tudou Group and Chinese social networking website Renren.com have formed a strategic partnership for platform and resource sharing.
Chinese Internet company Renren Inc. will adjust its organizational structure and business clusters, and establish an independent wireless business division.
Chinese social networking site Renren.com announced that it has reached a deal with Pinguo Technology, whose mobile photography software Camera360 will be able to use the location-based service system via the wireless open API interface of Renren.com.
Social networking site Renren.com announced that it will work with Singapore game developer Nubee to jointly provide Nubee’s Japan Life to users of Renren.com in China.
Chinese social networking company Renren.com has published its unaudited financial report for the second quarter of 2012, reporting USD3.6 million net operating revenue from its group buying service site Nuomi.com.
Chinese B2C e-commerce website 360buy.com has announced plans to offer interest-free housing and car loans to employees, and the total amount available will reach several hundred million Renminbi.
Chinese social networking site operator Renren.com has announced the launch of a new social travel platform Fengche.com, which has already been running for a few months.
Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.
Chinese social networking site Renren.com has reportedly formed a strategic partnership with MSN China in sectors including social networking, instant messaging service, and open platform development.
Chinese Internet security software provider Qihoo 360 and social networking site Renren.com have jointly announced that the two parties have formed a strategic partnership for Internet security and open platform cooperation in China.
Chinese social networking site Renren.com and Japanese human resources and Japanese media group Recruit Company Ltd. have reached an agreement to jointly establish a marriage-oriented social media platform in China.
In China all media is social, so Chinese Internet social media and social networking website Renren.com’s initial public offering planned in a few hours should be smooth sailing. However, the departure of a company director over the weekend and recent inconsistencies in its statistics have caused concern for investors.
Chinese social networking site Renren.com filed plans to sell up to nearly USD675 million worth of shares in an initial public offering in the United States this year.
A representative in charge of the planning of China Mobile’s online application store Mobile Market has revealed that the company’s location-based service module is currently finishing its test phase, and will be launched next month.
Chinese social networking site Renren.com has published its five annual strategic products, covering information, entertainment, and location services, and what it plans for 2011.
Chinese social networking sites operator Oak Pacific Interactive has announced that it will gradually integrate its two social networking sites, Renren.com and Kaixin.com.