China’s Hasee To Invest CNY30 Million In Internet Marketing
Chinese information technology company Hasee and the Internet video website Qiyi.com have jointly announced in Beijing that the two parties have reached strategic cooperation, and Hasee will invest CNY30 million to place advertisements on Qiyi.com.
Shanda Starts Beta Tests Of Chinese Microblog Platform
Shanda Interactive Entertainment Limited has started the beta tests of its new microblog product, Tuita.com.
American Senator’s Missive Won’t Dent Chinese Search Engine’s Censorship Regime
United States Assistant Senate Majority Leader Dick Durbin has penned a letter to the chairman of China’s largest Internet search engine, asking for more transparency and greater adherence to human rights.
Chinese Social Media Site Renren.com Files For IPO
Chinese social networking site Renren.com filed plans to sell up to nearly USD675 million worth of shares in an initial public offering in the United States this year.
China’s Tencent Net Profit Up 56.2% In 2010
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.
China’s Ganji.com Develops Group Buying Internet Service With COFCO
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.
Youku.com Shrinks Net Loss For Internet Video Business In China
Chinese online video website Youku.com Inc. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010.
MySpace Cuts Staff In China
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.
Sina.com Forecasts Lower Net Revenue From Chinese Internet Operations
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.
Court Asks Oak Pacific Interactive To Stop Using The Social Media Name “Kaixin”
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.
Google Ends Deals With Seven Chinese Advertising Agents
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.
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, Renren.com and Kaixin.com.
China’s Ganji.com Gains USD20 Million Investment From Nokia, BlueRun
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.
Mobile Revenues Sink While Internet Ads Increase In China For Sina.com
Chinese online media portal and mobile value-added services firm Sina Corporation announced its unaudited financial results for the quarter ended March 31, 2010, and stated its net revenues grew 15% year-on-year.
China’s Ganji.com, Dianping.com Form Strategic Alliance
Chinese lifestyle websites Ganji.com and Dianping.com have inked a strategic cooperation to provide comprehensive lifestyle information services to netizens across China.
Chinese Social Media Software Pioneer Acquired By American Firm
Vocus Inc., the Nasdaq-listed provider of on-demand software for public relations, announced that it has acquired privately-held BDL Media Ltd., a provider of on-demand public relations software and services in China.
Spanish Social Media Travel Website Appears In China
The Spanish social media travel portal Minube has entered the China marketplace with the launch of its Chinese website Minube.cn.
China’s 360 To Open Hosting Source Code
Chinese Internet security solutions provider 360 has published a commitment for user privacy protection and announced at the same time that it will submit its source code to China Information Technology Security Evaluation Center for hosting and testing.
China’s Tianya.cn To Suspend Project Cooperation With Google
As news that Tom Online has ended its relationship with Google, the Chinese Internet community Tianya.cn has now announced that as a result of Google’s relocation of its Chinese business from the Chinese mainland to Hong Kong, Tianya.cn will suspend cooperation of several projects with Google.