According to a 8-K form submitted by Sohu.com to the U.S. Securities and Exchange Commission, the Chinese business-to-business e-commerce company Alibaba.com will invest USD15 million to acquire a 10% stake in Sogou.com, a subsidiary of Sohu.com.
Chinese video technology company Bokecc.com has announced on its official website and microblog that its new third-party service platform based on the cloud computing technology will soon be launched.
Shanda Literature, the Internet literature subsidiary of China’s Shanda Interactive Entertainment Limited, has announced that it has acquired the Chinese digital periodical website Zubunet.com.
Chinese telecom operator China Unicom and the municipal government of Chongqing have signed a strategic cooperation framework agreement to enhance the operator’s investment in the city.
China’s Ministry of Commerce has issued a notice to regulate the sales activities of foreign-invested enterprises that are engaged in either Internet sales or vending machine sales.
Chinese Internet company Tencent Holdings has announced that it plans to acquire a 49.92% stake in the Thai portal website Sanook.com for HKD81.7 million.
China’s Ku6 Media Company Ltd., which boasts a new focus on Internet video services after dumping its poor wireless services offerings and its old name of Hurray, today announced its unaudited financial results for its second quarter ended June 30, 2010.
U.S.-based Blizzard Entertainment and NetEase.com, the licensed operator for Blizzard’s massively multiplayer online role-playing game World of Warcraft on the Chinese mainland, have jointly announced that the new WoW expansion, Wrath of the Lich King, will be formally launched on the Chinese mainland on August 31, 2010.
Chinese online game firm Shanda Interactive Entertainment Limited announced that it has completed its business swap with Ku6 Media Company Limited.
Chinese video website Tudou.com has announced that it has completed its fifth round of financing and has gained new investments of USD50 million, including USD35 million from Singapore-based Temasek Holdings.
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.
Beijing Computing Center and the Chinese server provider Dawning Information Industry Company Ltd. announced that they will work together to establish a cloud computing joint lab to meet the demands of small- and medium-sized enterprises in China.
Chinese B2B e-commerce website 99114.com has announced plans to invest CNY10 million to set up an operating center in Jinhua, Zhejiang, to promote regional economic development.
Alibaba Groups’ online auction and e-commerce subsidiary Taobao.com is launching a new website focused on the sale of digital products in China.
Alibaba.com, the listed unit of the Chinese B2B e-commerce group Alibaba, has announced that it has reached a wholly purchase agreement with the American e-commerce company Vendio.
A representative from China Hualu Group has revealed that the video website Hualu5.com developed by its subsidiary Hualu Culture Industry Company is expected to be launched in a month.
Chinese B2B e-commerce group Alibaba has established a small loan company in Zhejiang to provide loans below CNY500,000 to its sourcing and procurement clients in Zhejiang.
The B2B2C joint venture established by the Chinese search engine company Baidu and the Japanese e-commerce operator Rakuten has announced that it has formally adopted the Chinese name “Le Ku Tian” as the brand name of its online service platform Rakuten.com.cn, which is currently opened to e-commerce vendors for registration.
Chinese lifestyle information and classifieds listings website Ganji.com has announced that it has gained joint investments of USD20 million from Nokia Growth Partners and BlueRun Ventures.
The Shanghai Internet Cafe Industry Association and Bank of Hangzhou have reached an agreement to launch a joint guarantee loan program for Internet cafe operators in Shanghai, according to information from the official website of Shanghai Municipal Administration of Culture (Radio), Film & TV.
Three months after Baidu’s announcement of its plan to set up a joint venture with the Japanese e-commerce operator Rakuten, the JV was formally founded in Beijing’s Tongzhou district last week.
The Chinese Internet company Tencent Holdings Limited has published an announcement, stating that it will acquire the remaining 40% stake in SZdomain, a Shenzhen-based online game developer and operator, for a consideration of over CNY150 million. On the completion of this transaction, Tencent will own the complete stake in SZdomain. Tencent said that it will […]
China’s Tencent Holdings Limited announced a USD300 million investment in Digital Sky Technologies Limited, a large Internet company focused on Russian-speaking and Eastern European markets.
Initiated by Taiwan’s Industrial Technology Research Institute, Taiwan Electrical and Electronic Manufacturers’ Association, and Taiwan Information Service Industry Association, and joined by 50 Taiwanese communications service enterprises, the Taiwan Cloud Computing Consortium has been established to improve Taiwan’s competitiveness in the global cloud computing market.
The Spanish social media travel portal Minube has entered the China marketplace with the launch of its Chinese website Minube.cn.
Chinese video website Youku.com has announced that it has reached an agreement with the South Korean television station SBS to buy all TV series produced by the TV station.
Nasdaq OTCBB-listed Mezabay International Inc., Singapore’s Legend Venture Pte Ltd., and Beijing Mayi Interactive Network Technology Company Ltd. have signed an investment agreement, under which Mezabay will acquire a 51% stake in Mayi.com.
Days after Chinese online game developer and operator The9’s president announced her departure from the helm of the company, the company has now gone ahead with plans for expansion with the acquisition of an American company.
