Chinese Internet company Sohu announced just before the March 8 Women’s Day holiday that the company’s joint president and chief operating officer Wang Xin will depart due to personal reasons after serving the company for 15 years. Joining Sohu in 1999, Wang is reportedly the core executive who has been with the company for the […]
Chinese digital media firm Focus Media Holding Limited announced its unaudited financial results for the second quarter ended June 30, 2010, and stated total net revenue was USD158.2 million, representing an increase of 27% from USD124.9 million for the first quarter of 2010 and an increase of 22% from USD129.5 million for the second quarter […]
Chinese digital media firm Focus Media Holding Limited has entered into a definitive share purchase agreement to sell to Silver Lake a 62% indirect equity ownership of its Internet subsidiary, Allyes Online Media Holdings Ltd and its consolidated subsidiaries and affiliates, for USD124 million.
Chinese video website Youku.com has launched an independent video search website Soku.com, which allows users to search for videos on Youku.com as well as those on other websites.
Chinese travel review website Daodao.com announced it has inked an agreement with National Geographic Traveler China to begin cross-channel cooperation for marketing.
Chinese digital media group Focus Media has announced that the company and its subsidiary Allyes will implement a management buyout, acquiring a 38% stake in Allyes for USD13.3 million.