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Rumor: Former Renren Games Employees to Sue over Stock Option Rights
Sina, 5/16/16
Former employees of Renren Games, the online and mobile game development and operations division of Chinese social networking site operator Renren Inc (NYSE: RENN), are reportedly preparing to sue Renren Games and Renren Inc over stock option rights that were allegedly cancelled during Renren's sale of the Renren Games division to a privatization consortium led by Renren Games CEO He Chuan, according to a senior-level source at Renren Games. Read More
Supermarket Chain Renrenle to Raise RMB 2.3 Bln for O2O, E-commerce Businesses
Renrenle, 8/06/15
Chinese supermarket chain Renrenle Commercial Group (002336.SZ) has announced plans for a private placement of up to 132 mln newly issued shares, raising up to RMB 2.32 bln for O2O, e-commerce, and supply chain development initiatives. Read More
Baidu to Invest RMB 20 Bln in Nuomi.com Over Next 3 Years
Sohu IT, 6/30/15
Chinese internet company Baidu (Nasdaq: BIDU) will invest RMB 20 bln in the company's group buy website Nuomi.com over the next three years, as the company pivots toward the O2O market, according to an announcement by Baidu Chairman and CEO Robin Li. Read More
Renren Leads USD 110 Mln Series D in Used Car Sales Platform Cheyipai
Huxiu.com, 2/06/15
Beijing-based Dianfeng Technology, operator of online used car sales platform Cheyipai.com, has completed USD 110 mln Series D financing. Read More
Rumor Update: Sohu Video to Acquire 56.com
DoNews, 10/31/14
In an internal company email, Chinese internet firm Sohu (Nasdaq: SOHU) revealed that it has reached a deal with Beijing-based social networking site operator Renren (NYSE: RENN) to acquire Renren's online video platform 56.com. Read More
Rumor: Renren to Sell 56.com to Sohu
TechWeb, 10/21/14
According to an industry source, Beijing-based social networking site operator Renren (NYSE: RENN) will sell its online video platform 56.com to internet firm Sohu (Nasdaq: SOHU) for USD 12.90 mln. Read More
Rumor: Mango TV to Acquire 56.com
TechWeb, 7/30/14
According to an industry insider, Mango TV, the online video platform of Hunan Broadcasting System and Hunan Satellite TV, plans to acquire 56.com, the online video sharing site of Beijing-based social networking site operator Renren (NYSE: RENN). Read More
Renren VP Resigns, Citing CEO Disagreement
Sina Tech, 6/27/14
Alan Du recently announced in an internal email that he has resigned from his position as VP in charge of strategic development at Beijing-based social networking site operator Renren (NYSE: RENN). Read More
Visualead, Renren Partner on Customized QR Codes
Shijuema, 5/05/14
Shanghai-based QR code technology company Shijuema (Visualead) has announced that the company has reached an agreement with Beijing-based social networking site operator Renren (NYSE: RENN) to incorporate Shijuema's visual QR code technology into Renren's mobile SNS app. Read More
Renren to Downsize Gaming Business
Tencent Tech, 11/14/13
Joe Chen, CEO of Beijing-based social networking site operator Renren (NYSE: RENN), has revealed in an internal email that the company's social networking site Renren.com constitutes its core business, and that the company will dial back its gaming business. Read More
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