Every Internet conglomerate ( Tencent, Alibaba, Baidu, Sohu, Sina, Shanda) has a searchengine, 3rd party payment team, gaming, e-commerce platform, literature platform, etc.
These acquisitions include Jambool (a social gaming site), Metaweb (a semantic searchengine), and Angstro (a social networking startup that pulls data from Facebook, Twitter, LinkedIn, etc).