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China's Facebook basks in the glow

FORTUNE -- Joseph Chen chuckles a bit when asked what the hype surrounding Facebook's announced plans for an initial public offering means for the company he founded and runs, Renren Inc., the so called "Facebook of China." He chuckles because the question is more complicated than it seems. In the week prior to Facebook's confirmation that it was, in fact, going public later this year, Renren's ...

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Sina Smells Like $50 As Beijing Pursues ID Verification

Sina is an online media company in China, which makes money primarily from display advertising and mobile value-added services. It runs Weibo.com, a micro-blogging service like Twitter which competes with similar offerings by other Chinese internet giants like Tencent, Sohu, Baidu and NetEase.

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The Power Of Social Media: Influencing Trading And The Markets

Check out the growing power of social media, and how it is being used to predict and influence investment markets.

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European debt crisis live: Critical Greek debt deal talks continue

European markets rise on the IMF's plans and hopes that a Greek debt deal can be done • Today's agenda • Live blogging now: Julia Kollewe 10.15am: Some more reaction to the Spanish bond auction, courtesy of Reuters. Analysts were more positive than the market, with 10-year yields rising after the auction. Padhraic Garvey, strategist at ING in Amsterdam, said: They've allocated more than the ...

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Facebook friends Wall Street with planned $5 bn IPO

Investors have come down with Facebook fever after the social networking titan filed to go public and seek to raise $5 billion in the largest flotation ever by an Internet company on Wall Street.

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