Me Too! Simtoo Gains Drone Funding In China From Renren
Simtoo, a Shenzhen-based drone manufacturer, has reportedly closed a RMB72 million funding round. Chinese social networking company Renren Inc co-led …
While Blocked In Mainland China, Facebook Heads To Taiwan
Taiwanese government officials revealed that Facebook plans to build a data center in Changhua, Taichung. Commenting on the news, Facebook confirmed that they did find a suitable location in Taiwan to build a new data center; however, they have not yet made the final decision. The government officials from Changhua said that Facebook hired a […]
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 Media Travel Website Gains USD15 Million Investment
With the backdrop of worries over a tourism drop in China because of the avian flu, Mafengwo.cn, a Chinese tourism social media website, announced that it has completed its B financing round of USD15 million and the investors included Qiming Venture Partners and Capital Today.
Social TV Comes To China: Kaixin001.com Teams With Samsung, Haier, Hisense
Chinese social networking site Kaixin001.com recently published its software client for smart TV, which will be pre-installed on smart TV products manufactured by Samsung, Haier, and Hisense.
China’s Weibo Shuts Messaging Door To Outside Social Media Developers
Sina.com’s microblog service Weibo.com has fully closed its open platform private messaging interface to prevent third-party applications from sending private messages to Weibo users.
Chinese Social Shopping Internet Search Engine Clears Investment Round
Chinese social shopping search engine B5M announced a USD7.1 million Series A investment round led by Oak Investment Partners and Giosis Holdings.
Renren.com To Acquire 56.com For USD80 Million
Chinese social networking site Renren.com has announced plans to acquire the entire stake in 56.com, a Chinese video website, for USD80 million in cash.
China’s Renren.com Forms Social Media Strategic Partnership With MSN
Chinese social networking site Renren.com has reportedly formed a strategic partnership with MSN China in sectors including social networking, instant messaging service, and open platform development.
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.
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.
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.
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 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.