Nuomi

China’s O2O market is flooding with the same kind of cash we’ve seen in its ridesharing arena.

Meituan used to be the dominant company in daily deals O2O. But recently, Baidu’s Nuomi has been gaining on them.

Baidu is thinking about escaping the American stock market, where it says investors fail to understand the importance of its big O2O investments.

Back in August last year, Chinese search engine Baidu acquired the majority stake in Renren’s (NYSE:RENN) group buying site for $160 million. Today both companies revealed that Baidu has now

Baidu, China’s tech giant best known for its stronghold in search, announced its earnings for Q3 2013 this morning, and while revenues were strong its profits were thin as the

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 Baidu investment that gave the

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

After swirling rumors, Chinese search engine and web giant Baidu (NASDAQ:BIDU) has officially confirmed this afternoon that it has acquired the majority stake in the Nuomi daily deals 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 in search of an LBS service,

Renren’s stock (NYSE:RENN) took quite a jump earlier this week when rumors linked the company’s money-hemorrhaging group buy subsidy Nuomi with a Baidu buyout, but now it’s on its way