Chinese Internet company Sina.com has officially launched a new domain name, weibo.com, for its microblog product, and the company has also adopted a new logo for the social media business.
Chinese Internet search engine company Baidu.com announced last week that it has started business adjustments concerning its Youa platform, and the consumer-to-consumer business of the platform will be closed in one month.
The Japanese social networking site Gree plans to open three new offices in Beijing, Singapore, and London, respectively, to expand its overseas markets.
According to reports in local Chinese media, the recruitment website Zhaopin.com and the interactive entertainment group Oak Pacific have jointly launched a new business-oriented social networking site, Jingwei.com, in China.
Li Guoqing, joint president of the Chinese Internet shopping website Dangdang.com, has announced that the company will stop putting advertisements on search engine Baidu.com from April 2011 due to the recent accusation that Baidu.com is involved in literature and music piracy.
Chinese Internet company Tencent has published its annual financial report for 2010, stating that its net profit increased by 56.2% year-on-year to CNY8.054 billion.
Chinese lifestyle information website Ganji.com has launched a new collective buying product, which will first cooperate with Womai.com owned by COFCO Group in providing group buying deals in Beijing.
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 website Youku.com Inc. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010.
Chinese online recruitment company 51job Inc. announced its unaudited financial results for the fourth quarter of 2010 and for the fiscal year ended December 31, 2010.
Chinese online media company NetEase.com Inc. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010.
Chinese online game developer and operator The9 has announced that it has reached an agreement with Walt Disney Company (Shanghai) to distribute game contents that include Disney cartoon characters on the Chinese mainland.
An insider from the Chinese Internet company Tencent has confirmed to the local media that the American collective buying website Groupon will establish a joint venture with Tencent to enter the Chinese market, and the CEO of the new company will be assigned by Tencent.
The American social networking website MySpace has cut two-thirds of its staff in China and several executives in the Chinese division have departed their positions.
Huanqiu.com, the website sponsored by Global Times, has confirmed to Chinese media that it will cooperate with the Internet video website Ku6.com to launch a new online movie channel.
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.
News emanating from the First World Witkey Conference held in Chongqing late last year, is that the trading volume of Chinese Witkey websites was over CNY300 million in the last year.
Chinese social networking site Renren.com has published its five annual strategic products, covering information, entertainment, and location services, and what it plans for 2011.
China’s Xinhua News Agency and Shanda Interactive Entertainment Limited have signed a comprehensive strategic cooperation framework agreement for media cooperation.
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.
Chinese online and wireless value-added service media company Sina Corporation announced its unaudited financial results for the quarter ended September 30, 2010, and said net revenues grew 12% year over year to USD108.2 million but the company expects lower results in the following quarter.
Chinese Internet company Sina.com and Microsoft’s MSN China has jointly announced that the two parties have signed a strategic cooperation agreement and formally entered a social media strategic partnership.
Search engine Ask.com, a wholly owned business of IAC, is halting operations at its office in Hangzhou.
Chinese online recruitment firm 51job Inc. announced its unaudited financial results for the third quarter of 2010 ended September 30, 2010.
Beijing Second Intermediate People’s Court has announced its decision for Kaixin001.com’s lawsuit against Oak Pacific Interactive, which previously launched a similar social networking site as that of Kaixin001.com, asking the latter to stop using the Chinese name of “Kai Xin Wang” and pay compensation of CNY400,000 to the complainant.
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.
Chinese video website Letv.com and China Research Society of Urban Development have signed a strategic agreement to jointly provide video technical platform support to hundreds of cities across China.
Search engine giant Google has announced that it will terminate the agency qualifications of seven Chinese advertising agents and the termination agreement will become effective from October 27, 2010, according to reports in foreign media.
