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Rumor: Baidu.com May Acquire Chinese Lifestyle Internet Company
Aggregated Source: ChinaTechNews.com
Chinese search engine company Baidu Inc. reportedly intends to acquire the lifestyle information provider Aibang.com. Rumors swirling on the Internet revealed that Baidu's valuation of Aibang.com is about USD100 million. Initial public offerings of Chinese companies are seen as a riskier exit recently with much focus on the accounting shenanigans among these types of firms, [...]
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