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Chinese video streaming site 56.com announced an open platform strategy yesterday that the company hopes will help expand its user base. The platform, which can be found at dev.56.com, gives

56.com was one of China’s major independent video players before it was sold to Renren a month and a half ago. Now Zhou Juan, the co-founder and CEO of 56,

Social networking service Renren has just announced that it has acquired 100 percent of 56.com, one of China’s video streaming services. The deal is worth $80 million dollars and is