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Around this time of year, many lucky or depending on how you look at it, unlucky people are attending their awkward, alcohol-fueled office holiday parties.

For this year, Digital Jungle went with a 'talent show' theme. Where the various groups got the opportunity to show us their 'talent' ! Within the various 'acts' there were some party games played- mostly because is it fun to watch your colleagues do crazy things in the name of Christmas but the Digital Jungle crew got out in full force and showed  the world that we have many more talents beyond 'social media' 'search marketing' and making websites... actually we are full of rock band playing, rollerblading, sing/dancing super marketers :)

Chinese B2C e-commerce website 360buy.com has announced via its official microblog that it plans to recruit 20,000 new e-commerce talents in 2012 to meet the development demands of the company.

Social networking service Renren acquired 100 percent of 56.com, one of China’s video streaming services. The deal is worth $80 million dollars and is expected to be finalized in the fourth quarter of 2011. 56.com is one of China’s leading video sites, though it ranks well below competitors Youku, Tudou, Ku6, and Qiyi in terms of visitors.

There is a long list of US companies that head into China only to find the going much tougher (Look at AOL, eBAY and MySpace as some examples). Now it is the turn of Groupon to follow this path. They announced today that they are closing under-performing offices and will lay off several hundred employees as its joint venture with Tencent has failed to gain traction in China.