China’s Shanda Appoints New Subsidiary President

An internal email from Shanda confirmed that the company has appointed Qiu Wenyou, former managing director of Bank of America Merrill Lynch, as its new president and chairman for Shanda Literature.

China’s CFO Resignation Comes In Wake Of Board Turbulence

Shen Xiaotong, chief financial officer of, has resigned due to personal reasons, and Feng Jie, the company’s vice president for finance, will temporarily command the CFO position.’s Vice President Resigns

Han Kun, co-founder and vice president of the Chinese video website, has confirmed to local media that he has resigned his positions in and started a new business in the mobile Internet industry.

Beijing Government Says’s Staff Dismissals Are Illegal

Earlier this month, Chinese online video website announced it was downsizing staff by up to 20%. But now local media reports state those layoffs are not legal.’s Financials Show Chinese Internet Video Sector Instability

Chinese online video and television services company Ku6 Media Company Ltd. today announced its unaudited financial results for the first quarter of fiscal year 2011, and said that sequential quarterly revenue slightly dropped.

Chinese Online Video Website To Cut 20% Staff

Chinese Internet video website has announced that to simplify operations, control costs, and improve efficiency, the company has decided to restructure its sales department.

Ku6 Acquires Media Player Company By Issuance Of New Shares

Ku6 Media Company Ltd., the Internet video subsidiary of Shanda Interactive Entertainment Limited, has announced that the shareholders of, 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. CEO Resigns

Chinese Internet video company has announced that Li Shanyou, founder and chief executive officer of, has resigned for career development reasons; however, he will still be director of the company and will offer operational guidance for, Form Alliance For Internet Videos, the website sponsored by Global Times, has confirmed to Chinese media that it will cooperate with the Internet video website to launch a new online movie channel.

Xinhua News Agency, Shanda Sign Strategic Cooperation Agreement

China’s Xinhua News Agency and Shanda Interactive Entertainment Limited have signed a comprehensive strategic cooperation framework agreement for media cooperation.

Ku6 Media Posts Results From Its China Internet Business

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.

Ku6 Extends Loss From Chinese Online Video Biz After Dumping Wireless Services

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.

Shanda Completes Ku6 Deal

Chinese online game firm Shanda Interactive Entertainment Limited announced that it has completed its business swap with Ku6 Media Company Limited.

Hurray To Sell Chinese Music, Wireless Value-added Businesses To Shanda

Hurray, a subsidiary of the Chinese media and game company Shanda Interactive Entertainment Limited, has announced that it will sell its music and wireless value-added businesses to the parent company.