Below is the latest notable news on U.S.-listed Chinese stocks: Baidu.com, Inc.
(NASDAQ:BIDU) has acquired photo app developer PhotoWonder, according to Chinese
media reports. PhotoWonder has developed two photo apps that enable users to
decorate photos and share them with social network contacts. Its PhotoWonder app
is available on Android and iPhone, and has nearly 10 million users. In April
2011, Baidu CEO Robin Li made optimistic predictions on image apps. He believes
there will be a group of good image-related companies emerging in the next two
to three years. Renren Inc (NYSE:RENN) executive talks about strategy on browser
games. During The 9th China International Digital Content Expo., Chuan He,
Senior Vice President of Renren.com, spoke about the companys browser game
strategy. The company owns a game publishing platform where it co-operates games
with developers. It also develops and publishes its own games. Mr. He believes
the current trend is that much of peoples time spent on PC will be replaced by
time spent on mobile devices. Developers of browser games should consider
expanding their business to mobile devices.
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