Posts Tagged: Nuomi

Baidu acquires Nuomi

Baidu acquires remaining stake in Renren’s daily deals site

Back in August last year, Chinese search engine Baidu acquired the majority stake in Renren’s (NYSE:RENN) group buying site for $160 milli...

  • January 24, 2014
  • at 11:25 am
Read More

Nuomi will split from Renren and do an IPO following Baidu’s big investment last week

Boy, the folks at Nuomi have been busy lately. After quietly losing buckets of money for a few years, the Renren subsidiary netted a big Bai...

  • August 27, 2013
  • at 12:29 am
Read More
Baidu acquires Nuomi

Confirmed: Baidu acquires majority stake in Renren’s daily deals site for $160 million

After swirling rumors, Chinese search engine and web giant Baidu (NASDAQ:BIDU) has officially confirmed this afternoon that it has acquired ...

  • August 23, 2013
  • at 4:42 pm
Read More

To split or not to split: Renren struggles with Renren Games

Renren’s stock (NYSE:RENN) took quite a jump earlier this week when rumors linked the company’s money-hemorrhaging group buy sub...

  • August 16, 2013
  • at 10:00 am
Read More
China's daily deals market 2013

China’s Daily Deals Market Hits $1.7 Billion in Q1, Not So Fragmented Any More

It’s time to check back in with China’s massive daily deals industry and see how all the Groupon-like sites are progressing in Q...

  • May 27, 2013
  • at 1:00 pm
Read More
China daily deals market share 2012

Huge Consolidation of Market Share in China’s Daily Deals Sector [CHARTS]

We’ve been seeing China’s hotly-contested daily deals industry settle down a bit in the past year – and now new data for 2...

  • November 22, 2012
  • at 4:35 pm
Read More

Renren’s Group Buy Site Nuomi Lost $9.6 Million Last Quarter

Group buy sites, group buy sites everywhere, yet not a drop of profit! Yesterday, we were talking about Tuanbao, but today, it’s Renre...

  • March 9, 2012
  • at 4:30 pm
Read More

Meituan is China’s King of the Deals, Ending 2011 On a High

The Chinese group-buying site Meituan has ended 2011 as the market leader in this highly competitive sector in the month of December. And so...

  • January 19, 2012
  • at 12:15 pm
Read More

China’s Top 20 Daily Deals Sites – and Who Has the Hottest Deals?

In updated stats from group buy deal aggregator DaTaoTuan which go right up to the end of August, we get a new snapshot of China’s fra...

  • October 1, 2011
  • at 11:00 am
Read More

Baidu Q3 revenues up 42% annually, but profits thin as company funnels investments in mobile

Baidu, China’s tech giant best known for its stronghold in search, announced its earnings for Q3 2013 this morning, and while revenues...

  • October 30, 2013
  • at 11:45 am
Read More

Why did Baidu buy a controlling stake in Nuomi?

After rumors had been cropping up for some time, Chinese search giant Baidu finally confirmed its investment of $160 million in Renren group...

  • August 26, 2013
  • at 9:00 am
Read More

Report: Baidu invests in Renren group buying site Nuomi

(UPDATE: The majority stake acquisition in Nuomi has now been confirmed by Baidu). A couple weeks ago, we heard that Baidu was poking around...

  • August 23, 2013
  • at 10:02 am
Read More

Report: Baidu wants in on LBS; spurned by Dianping, it has turned to Renren’s Nuomi

If you’re wondering why Renren’s stock jumped yesterday, it’s because of this. That’s a Sohu IT report written by Li...

  • August 14, 2013
  • at 8:00 am
Read More

In China’s Daily Deals Market, You Now Need $32+ Million Monthly Revenue to Be a Player

We’re following China’s daily deals market very closely, digging into quarterly market share data as soon as we can get our hands on it....

  • February 8, 2013
  • at 10:12 pm
Read More

Market Leaders Emerging in China’s Group Buy Space

We’ve seen a lot happen in China’s group buy space over the past few months. What was a much tighter pack six months ago, has se...

  • April 11, 2012
  • at 11:00 pm
Read More

Daily Deals Market in China Sees Groupon Failing Badly, Movie Tickets in Demand

Group-buy aggregators and analysts Dataotuan are back in action, tracking 125 deals sites throughout January to find the latest trends among...

  • February 24, 2012
  • at 1:00 pm
Read More

Groupon is Rocking the Daily Deals in Taiwan, Now Boasts Over 50% Market Share [CHART]

Here’s a sentence we’ve never uttered before: Good news for Groupon in Asia! Yes, the American group-buying service Groupon (NAS...

  • January 6, 2012
  • at 3:35 pm
Read More

Is Renren Behind a Kaixin-Badged Group Buy Clone?

The long drawn-out battle between Renren (NYSE:RENN) and Kaixin over the “Kaixin” brand-name looks like it might have moved to t...

  • September 16, 2011
  • at 4:30 pm
Read More