Baidu Invests in Group Buying Platform Nuomi

Aug 26, 2013 (Mon): Baidu Holdings Limited, a subsidiary of Baidu Inc. will acquire 59 per cent of the equity interest in Nuomi Holdings Inc with US$160 million (RM527 million) cash.

Nuomi is a China’s leading provider of group-buying services which is wholly-owned by Renren inc. and it currently has over 3.8 million active paying users.

Author: VSDaily Editor

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