.com Former Chinese website 55BBS.com closes at $70,050 on DropCatch

55BBS was a Chinese lifestyle shopping website founded in 2004. It was acquired by CNET in 2008. Reported here CNET (NSDQ: CNET) Networks, in the process of being bought by CBS Corp (NYSE: CBS). is buying Beijing-based 55BBS, a lifestyle and shopping website, for an undisclosed sum. This comes amidst rumors about CNET rethinking its Chinese portfolio, and possibly even disposing it off as … [Read more...]