Me Too! Simtoo Gains Drone Funding In China From Renren

Simtoo droneSimtoo, a Shenzhen-based drone manufacturer, has reportedly closed a RMB72 million funding round. Chinese social networking company Renren Inc co-led …

China’s Renren To Separate Video Social Platform screenshotChina’s social networking and Internet financial company Renren announced plans to separate its newly established subsidiary named SpinCo. SpinCo will …

Renren Kills Non-core Chinese Internet Businesses

Chen Yizhou, chief executive officer of Renren, says the company is planning to sell some non-core businesses to improve their profitability and they are also considering investment and expansion opportunities in America and Hong Kong. Chen revealed during an interview with local Chinese media that under the current model it is hard for the company […]

Chinese Social Finance Site Gains USD40 Million Investment, a Chinese social investment website, has completed its third round of financing of USD40 million with investors including and Morningside Ventures. Xueqiu’s products include its website and an application for smart devices. Officially launched in November 2011, Xueqiu has been providing data inquiries, information, and interactive communications services to Chinese investors. Its services […] Steps Into Sticky Rice In China

Chinese search engine company Baidu announced that the company has signed an agreement with to acquire an additional stake in held by Renren, making a fully-owned subsidiary of Baidu. The deal is expected to be closed in the first quarter of 2014. In Mandarin Chinese, “nuomi” means “sticky rice”. Launched on June […]

LinkedIn Appoints President For China Region

LinkedIn has appointed Shen Boyang as its global vice president and president for the China region. In this new position, Shen will be responsible for the planning of LinkedIn’s services for Chinese members and customers. This appointment marks an important step for LinkedIn’s entry into the Chinese market. LinkedIn revealed in a report that the […]

Chinese Social Media Monitoring Firm Raises Investment

SocialTouch, one of the many startups in China trying their hand at monitoring Chinese social media, has raised its latest round of investment. The company’s Series C investment round was led by Sierra Ventures and included existing investors GGV Capital and Legend Capital. This new round of funding will be used for product development and […]

MSN China Launches Trend Tracking Service, the official website of Microsoft’s MSN China, formally launched the Chinese version of the trend tracking service named msnNOW. Teams With Youku-Tudou To Grab More Online Video Users

Chinese Internet video company Youku-Tudou Group and Chinese social networking website have formed a strategic partnership for platform and resource sharing.

Renren Forms Independent Wireless Business Division

Chinese Internet company Renren Inc. will adjust its organizational structure and business clusters, and establish an independent wireless business division., Pinguo Technology Form LBS Partnership

Chinese social networking site announced that it has reached a deal with Pinguo Technology, whose mobile photography software Camera360 will be able to use the location-based service system via the wireless open API interface of

China’s To Cooperate With Singapore Game Developer

Social networking site announced that it will work with Singapore game developer Nubee to jointly provide Nubee’s Japan Life to users of in China. Gained Revenue Of USD3.6 Million In Q2 2012

Chinese social networking company has published its unaudited financial report for the second quarter of 2012, reporting USD3.6 million net operating revenue from its group buying service site Launches Two New Developer Products

Chinese social networking company has launched two new mobile products: REST API and Mobile Plugins. Offers Interest-free Loans To Employees

Chinese B2C e-commerce website has announced plans to offer interest-free housing and car loans to employees, and the total amount available will reach several hundred million Renminbi. Announces Social Travel Website In China

Chinese social networking site operator has announced the launch of a new social travel platform, which has already been running for a few months. Begins Real-name Registrations In China, a marriage social networking website in China, has started compulsory real-name registrations for new users, and the registrations will be checked via an authentication system. To Acquire For USD80 Million

Chinese social networking site has announced plans to acquire the entire stake in, a Chinese video website, for USD80 million in cash.

Heightened Chinese Inflation Pushes To Offer Employee Loans

Chinese social networking website has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.

China’s Forms Social Media Strategic Partnership With MSN

Chinese social networking site has reportedly formed a strategic partnership with MSN China in sectors including social networking, instant messaging service, and open platform development. Loses Less Money In China

Chinese Internet social networking platform Renren Inc. announced its unaudited financial results for the first quarter ended March 31, 2011, and the company says it’s not losing as much money as before.

Qihoo 360, Form Internet Browser Security Partnership

Chinese Internet security software provider Qihoo 360 and social networking site have jointly announced that the two parties have formed a strategic partnership for Internet security and open platform cooperation in China. Ties Knot With Japanese Partner For Marriage Website In China

Chinese social networking site and Japanese human resources and Japanese media group Recruit Company Ltd. have reached an agreement to jointly establish a marriage-oriented social media platform in China.’s Pre-IPO Problems May Not Move China Investors To Run Run

In China all media is social, so Chinese Internet social media and social networking website’s initial public offering planned in a few hours should be smooth sailing. However, the departure of a company director over the weekend and recent inconsistencies in its statistics have caused concern for investors.

Chinese Social Media Site Files For IPO

Chinese social networking site filed plans to sell up to nearly USD675 million worth of shares in an initial public offering in the United States this year.

China Mobile’s Mobile Market Will Launch LBS In February 2011

A representative in charge of the planning of China Mobile’s online application store Mobile Market has revealed that the company’s location-based service module is currently finishing its test phase, and will be launched next month.

China’s Publishes Strategic Products List

Chinese social networking site has published its five annual strategic products, covering information, entertainment, and location services, and what it plans for 2011.

Oak Pacific To Integrate Two Chinese Social Media Websites

Chinese social networking sites operator Oak Pacific Interactive has announced that it will gradually integrate its two social networking sites, and