Its group buying site Nuomi continues to bleed cash from the company.

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The company has moved into the GroupOn clone territory, too, with its own group-buying e-commerce web site Nuomi, which rolled out in June 2010.

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The company also owns and operates its own gaming platform, a group buying service called Nuomi, a video sharing site called 56.com and a professional networking site similar to LinkedIn called jingwei.com.

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