Posted by: Sophia Fu on Nov 20 2009

Giant Interactive (NYSE:GA) has quietly released a social networking service site at Qule.com, reports 163.com. Users can register for the site after receiving an invitation from existing users, said the report...

Posted by: Kiki.yang on Nov 20 2009

Tencent (0700.HK) released a Twitter-like micro-blogging function "Guangbo" (literally, "Broadcast") as part of its QQ Mailbox service, Sohu reported November 19. The company released its "Taotao" micro-blogging service in 2007, but halted service in June this year, the report said...

Posted by: Kiki.yang on Nov 20 2009

Chinese software and online game company Kingsoft Corporation (3888.HK) plans to release a new expansion, "Dongtian Fudi," of its in-house developed 2D MMORPG The First Myth 2 on November 27, 17173.com reported November 20...

Posted by: Cherry Zhang on Nov 20 2009

Beijing-based wiki site Hudong.com has begun to offer its services to overseas Chinese, reports DoNews quoting site CEO Pan Haidong.

Hudong.com has partnered several sites before releasing its overseas service, including Sina's (Nasdaq:SINA) North American channel and other overseas Chinese-language sites, said the report.

Posted by: Sophia Fu on Nov 20 2009

Softbank is interested in investing in Chinese mobile content and application companies by making purchases of 20-30% stake, rather than acquiring the companies, reports 163.com quoting company CEO Masayoshi Sun on November 19...

Posted by: Ana Swanson on Nov 19 2009

Internet and online game service provider NetEase (Nasdaq:NTES) booked net profit of $57.7 for the third quarter of 2009, or diluted earnings of $0.44 per American depositary share, compared to $45.9 in the year-ago period and $68.6 in the second quarter of 2009...

Posted by: Cherry Zhang on Nov 19 2009

Shenzhen-based online recruitment site Job36.com has received a new round of funding from eight investors, including Shenzhen Capital Group, Shenzhen Fortune Venture Capital, IER Venture Capital and Oriental Fortune Capital, reports ChinaVenture quoting the company's announcement on Wednesday...

Posted by: Cherry Zhang on Nov 18 2009

Sina (Nasdaq:SINA) has acquired stake in Beijing-based social networking service site Kaixin001.com through an investment, reports 163.com quoting Deng Feng, partner at Kaixin001.com's existing investor Northern Light Venture Capital, on November 18...

Posted by: Sophia Fu on Nov 18 2009

Oak Pacific Interactive has raised the share of revenue it offers third party developers to up to 56% for applications on its social networking (SNS) site Renren.com (formerly Xiaonei.com), National Business Daily reported November 18 citing a document obtained from reliable sources...

Posted by: Sophia Fu on Nov 18 2009

Social networking and parental information company Babytree became profitable in October this year, ChinaByte.com reported November 18 quoting company Chairman and CEO Allen Wang. The company's major revenue source is advertising and e-commerce, with the latter contributing around 10% of the site's total revenue, Wang said...

Posted by: Sophia Fu on Nov 18 2009

Beijing-based automobile review site Xgo.com.cn has received RMB 10 million investment from an unnamed Internet sector company, Sina reported citing Xgo.com.cn's new general manager, former Tencent (0700.HK) portal QQ.com director Lin Mingjun on November 17...

Posted by: Cherry Zhang on Nov 17 2009

According to an unnamed Baidu (Nasdaq:BIDU) employee, the company plans to release a Chinese-language input method editor (IME) for handsets at the same time as its wireless product "Baidu Palm" (Zhang Shang Baidu), reports Sina...

Posted by: Sophia Fu on Nov 17 2009

Tencent (0700.HK) has launched a lawsuit against Sohu's (Nasdaq:SOHU) "Sougou Pinyin" input software in Beijing's No.1 Intermediate People's Court, DoNews reports. Tencent accused Sougou Pinyin of "false propaganda" and is seeking a court order to modify the software's settings and halt the software's interference in users' choices for competing software, such as Tencent's "QQ Pinyin," as well as damages of RMB 20 million, said the report...

Posted by: Sophia Fu on Nov 17 2009

NetEase (Nasdaq:NTES) has released a trial instant messaging function within its email service, the company announced November 17. Users can apply to NetEase's "Email Lab" for the service or join via invitation from other users, according to the statement...

Posted by: Kiki.yang on Nov 17 2009

Yuantong Express plans to operate its own B2C e-commerce platform based on its existing distribution network with the launch of its own site at www.xinnong.com on December 28, hexun.com reported citing Yuantong Vice President and CEO of its online division, Xu Jianguo...