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Giant Interactive President Says SNS Acquisitions Complete
51.com, GA, Gaming, Giant Interactive, Internet, Liu Wei, Online Game, SNS
Editorial Summary
Shanghai-based online game company Giant Interactive's (NYSE: GA) stint into the social networking area is "basically complete" with its $51 million investment in Shanghai social networking service (SNS) site 51.com, reports Hexun quoting Giant Interactive president Wei Liu. The executive went on to say that Giant will not invest in or acquire online video sites, explaining that the culture of online video does not match Giant's online game socialization strategy.
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