Nuomi to split from Renren, pursue IPO, TechInAsia says

theflyonthewall.com

Nuomi’s CEO has sent out a memo saying that it will split off from Renren (RENN) and aim for an IPO of its own following an investment that gave Baidu (BIDU) a controlling stake in the Renren unit, reported TechInAsia, citing the memo leaked to the Chinese press.

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