Posted by: Sarah Wu on Aug 23 2010

Tencent (0700.HK) has agreed to acquire 100% of equity interest in Beijing-based Internet community solutions provider Comsenz, according to a joint announcement by the companies posted on Tencent's portal qq.com August 23...

Posted by: Sarah Wu on Aug 13 2010

Sohu (Nasdaq:SOHU) has recently restructured its wireless division, merging its mobile portal businesses into internet divisions, while keeping some services including ringing tones, short messages, games and social networking within the wireless division, Sina reported August 13 citing an unnamed source close to the division...

Posted by: Tom Telford on Aug 11 2010

Internet, wireless and online game company Tencent's (0700.HK) net income for the second quarter of 2010 grew 60.7% year-on-year to RMB 1.92 billion, the company reported August 11. Total revenues grew 62.2% year-on-year and 10.5% quarter-on-quarter to RMB 4.67 billion, the report said...

Posted by: Kiki.yang on Aug 06 2010

Beijing-based social networking service (SNS) site Kaixin001.com recorded sales revenue exceeding RMB 100 million in the first half of 2010, with advertising accounting for 80% of the site's total revenue, Oriental Morning Post reported August 5 citing Kaixin001.com statistics...

Posted by: Sarah Wu on Jul 23 2010

Shanda Interactive (Nasdaq:SNDA) division Shanda Online Holdings (SDO) announced that it has reached an agreement to take over domestic online video site Ku6.com's content management system PHPCMS, Donews reported July 22...

Posted by: Sarah Wu on Jul 22 2010

Tencent (0700.HK) has added a new "Senior Talent " channel to its recruitment homepage, providing English language job descriptions, Tencent news-focused Qoocu.com reported July 21. The page includes posts for a product manager director, an engineering manager director and an art director as part of Tencent's focus this year on developing blogs, games, safety products and advertising businesses based on its instant messaging product QQ, the report said...

Posted by: Sarah Wu on Jul 14 2010

Baidu's (Nasdaq:BIDU) advertising alliance Baidu Union has been canceling partnerships with most domestic website directories since the beginning of July, no longer having to split revenues with them, chinaz.com reported July 13...

Posted by: Sarah Wu on Jul 01 2010

China's State Council announced on July 1 the first batch cities to pilot the convergence of telecommunications, cable TV and internet networks. The cities include Dalian and Harbin in the north, Wuhan and Changsha in China's central regions and Shanghai, Nanjing, Hangzhou, Xiamen and Shenzhen in the country's eastern and southern seaboard provinces.

Posted by: Tom Telford on Jun 08 2010

The Chinese government plans to raise Internet access levels to 45% of the Chinese population in the next five years, according to a State Council white paper about internet in China released June 8. The white paper said the Chinese government aims to safeguard freedom of speech on the internet in accordance with the law, explore intellectual property protection with regards to the internet while maintaining a balance between public interest protection and the promotion of innovation, and to seek common ground over international internet security concerns while reserving differences.

Posted by: Sarah Wu on Jun 02 2010

Hurray Holdings (Nasdaq:HRAY) has entered into an agreement to take over its controlling shareholder Shanda Interactive's (Nasdaq:SNDA) online audio business in exchange for 415.38 million newly issued shares while selling Shanda its recorded music and wireless value-added services businesses for $36.94 million in cash, the two jointly announced June 1.The transaction is expected to be completed in the third quarter of this year, said the announcement...

Posted by: Sarah Wu on Jun 02 2010

Shanda Interactive (Nasdaq:SNDA) division Shanda Online Holdings (SDO) has set up a "One Person One Book" e-book fund with a number of domestic companies on June 1, Sohu reports. SDO will invest $100 million in the fund over the coming years to subsidize the development of e-book technologies as well as copyrighted material, the report said...

Posted by: Sarah Wu on Jun 01 2010

Kingsoft (3888.HK) has applied to Beijing Haidian District Court to sue Beijing-based anti-virus company Qihoo 360 President Zhou Hongyi for defamation, qq.com reported May 31. The company is seeking a public apology on his microblogging site for seven consecutive days as well as damages of RMB 12 million, according to the report...

Posted by: Sarah Wu on May 28 2010

China's State Bureau of Surveying and Mapping (SBSM) plans to grant internet mapping service licenses to the first batch of providers including Sohu's (Nasdaq:SOHU) "Sougou Map" in June in order to tighten control over the sector, China Securities Journal reported May 28 citing an unnamed SBAM official...

Posted by: Sijia Xie on May 25 2010

A report by the Ministry of Industry and Information Technology (MIIT) said IBM's (NYSE:IBM) "Smarter Planet initiative" may raise national information security issues, Beijing Morning Post reported May 24 citing an unnamed "academic." According to the researcher, IBM's acquisition of information about traffic, waterways, gasoline lines and financial sectors could put China's information security at risk, the report found...

Posted by: Tom Telford on May 20 2010

NetEase (Nasdaq:NTES) recorded net income of RMB 452.26 million the first quarter of 2010, down from RMB 571.77 million in the prior quarter and up against RMB 416.72 million in the first quarter of 2009, the company reported May 19...