Chinese B2C e-commerce website 360buy.com has reportedly invested in Beijing Haoyaoshi Pharmacy Chain Company, a subsidiary of Jointown Pharmaceutical Group Company Ltd.
China-based Xunlei Limited, a digital media content platform, announced it plans to sell 7.6 million American Depositary Shares in its initial public offering on Nasdaq.
Chinese search engine Baidu.com announced that is plans to make a USD306 million investment in Qunar.com, a Chinese travel search engine.
Chinese Internet video company Letv.com has announced that it will invest about CNY6.3 million to set up wholly-owned subsidiaries in Hong Kong and Taiwan to expand the overseas market and improve its visibility.
Earlier this month, Chinese online video website Ku6.com announced it was downsizing staff by up to 20%. But now local media reports state those layoffs are not legal.
Chinese wireless value-added services and digital entertainment company KongZhong Corporation announced its unaudited first quarter 2011 financial results.
Chinese online travel service provider eLong Inc. reported its unaudited financial results for the first quarter ended March 31, 2011, and said Tencent made a strategic investment in the company.
Chinese online and wireless media company Sina Corporation says its profit fell on higher costs as it announced its unaudited financial results for the first quarter ended March 31, 2011.
Ku6 Media Company Ltd., the Internet video subsidiary of Shanda Interactive Entertainment Limited, has announced that the shareholders of Pipi.cn, a leading P2P Internet video platform in China, have agreed to sell all shares to Ku6 in exchange for 2,212,114,257 Ku6 ordinary shares.
Chinese online media company Sohu.com Inc. says its revenues rose by 35% over last year as it reported its unaudited financial results for the first quarter ended March 31, 2011.
Chinese online news and video media service Phoenix New Media Limited filed its F-1 statement with the United States Securities and Exchange Commission in a bid to raise up to USD200 million in an initial public offering.
Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service.
Chinese Internet community website Tianya.cn has announced that it completed a buy-back of a stake previous held by Google, which invested in Tianya.cn in 2007, and the company now plans to start expanding into the overseas markets by opening offices in Singapore and the U.S. in the first half of 2011.
Ericsson’s roadshow for its integrated TV solutions has been officially started in Shanghai and this activity will cover 12 cities in China, showcasing the company’s latest technologies and solutions for integrated TV.
Chinese Internet real estate information service provider Anjuke.com has completed its first round of financing in which strategic investors led by Baidu.com invested combined capital of USD50 million into the website.
Shanghai-based mail order and Internet retailer Mecox Lane has announced that Sina.com and China Dongxiang plan to purchase 117,505,755 ordinary shares from its two major shareholders, Maxpro Holdings Limited and Ever Keen Holdings Limited.
Kingsoft Network, the Chinese company established by the merger of Kingsoft Internet Security Software Holdings Limited and Keniu Network, has announced plans to invest CNY30 million in a project named “Cloud Shield”, and it will formally open the API of its cloud security platform to partners.
Chinese online game developer and operator Linekong has announced that it has acquired the Chengdu-based 3D game studio named Wushuang, and will start the beta test of a new online game, Unparalleled Devil, on January 14, 2011.
Chinese online real estate company SouFun Holdings Limited announced it is buying a building in New York City, ostensibly for training its staff.
Months after reporting sliding revenues and losing valuable relationships, Chinese online game company The9 is trying to rejuvenate itself via a deal to invest in mobile startups.
Chinese electronics and home appliances retailer Gome announced that it has acquired an 80% stake in the business-to-consumer home appliances website Coo8.com, but no financial details have been disclosed.
Kingsoft Internet Security Software Holdings Limited, the Internet security subsidiary of Kingsoft, has announced that it has merged with Keniu Network, a Chinese security software provider, and formed an independent company named Kingsoft Network.
China-based Ku6 Media Company Ltd., which previously flew its technology media brand under the name Hurray Holding, announced that its net loss narrowed as it presented unaudited financial results for the third quarter ended September 30, 2010.
Search engine Ask.com, a wholly owned business of IAC, is halting operations at its office in Hangzhou.
Canada-based BlueCat Networks announced it is investing an undisclosed amount of funds in Asia Pacific as part of its continued expansion in the region.
Chinese online gaming firm The9 has announced that it plans to introduce the game-oriented social networking site OpenFeint into the Chinese market before the end of 2010.
Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People’s Bank of China and China Banking Regulatory Commission.
American technology media company TechTarget Inc. is finally taking a deeper step into China by taking a larger piece of its Chinese operations.
