Shanda Media, the controlling shareholder of Ku6, will sell a 41% stake in this Internet video company to Xu Xudong, founder and controlling shareholder of Sky Profit. Sky Profit is registered in Cayman Islands and it operates iSpeak, a social platform that allows users to engage in real-time online group activities through voice, text and […]
Shanda Literature announced that Hou Xiaoqiang, chief executive officer of the company, has stepped down from the position, and he has been replaced by Qiu Wenyou, chairman of the company. According to a notice published by the board of directors of Shanda Literature, Hou’s resignation is due to health reasons and he needs time for […]
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.
Alibaba’s cloud computing platform’s five systems, including cloud computing, large-scale storage, cloud network, data crunching, and Yun OS, will be integrated and renamed the Feitian platform.
Chinese online game developer and operator Shanda Games and Japanese video game develop Square Enix jointly held a press conference in Seoul, South Korea, to announce that the two parties will implement strategic cooperation in mobile game sector.
Cloudary, the Internet literature subsidiary of Shanda Interactive Entertainment Limited, and Qihoo 360 have inked a strategic cooperation to jointly provide Internet literature search contents to Chinese users.
Chinese online game developer and operator Shanda Games Limited has published its unaudited financial report for the first quarter ended March 31, 2012, and said the company will repurchase up to USD100 million American depositary shares during the next 12 months.
Shen Xiaotong, chief financial officer of Ku6.com, has resigned due to personal reasons, and Feng Jie, the company’s vice president for finance, will temporarily command the CFO position.
Han Kun, co-founder and vice president of the Chinese video website Ku6.com, has confirmed to local media that he has resigned his positions in Ku6.com and started a new business in the mobile Internet industry.
Shanda Interactive Entertainment Limited, China’s leading interactive entertainment media company, has launched its Android-based customized smartphone operating system named Lezhong ROM.
Cloudary Corporation, the wholly-owned Internet literature subsidiary of Shanda Interactive Entertainment Limited, has announced a strategic investment in Byread.com, a Chinese mobile reading platform, and the two parties will implement cooperation in providing copyrighted contents in China.
Chinese Internet company Tencent has gained the rights to operate Blade & Soul, a new online game developed by the South Korean company NCsoft, on the Chinese mainland.
Shanda Interactive Entertainment Limited has started the beta tests of its new microblog product, Tuita.com.
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.
China’s Shanda has announced its launch a new navigation site, Tuan.sdo.com, for group buying websites.
Chinese Internet video company Ku6.com has announced that Li Shanyou, founder and chief executive officer of Ku6.com, has resigned for career development reasons; however, he will still be director of the company and will offer operational guidance for Ku6.com.
Chinese online video portal Ku6 Media Company Ltd., which was formerly named Hurray Holding Company Ltd., said it widened its net losses as it announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010.
Mochi Media, a Flash game development platform owned by Shanda Games, has issued an open letter, claiming that the Chinese Internet company Tencent has pirated its games.
China’s Xinhua News Agency and Shanda Interactive Entertainment Limited have signed a comprehensive strategic cooperation framework agreement for media cooperation.
According to rumor spreads on the Chinese Internet, Shanda Interactive Entertainment Limited, a top interactive entertainment media and online game company in China, plans to cut over 400 employees.
Chinese online game developer and publisher Shanda Games Limited today announced its unaudited consolidated financial results for the third quarter ended September 30, 2010.
Shanda Open Platform and Sina.com’s microblog service have reached a cooperation agreement to implant the various gaming applications of Shanda Open Platform into the microblog sector of Sina.com.
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.