China’s Kalends To Acquire Additional Stake In Grindr For USD152 Million
Chinese Internet game distributor Kalends plans to invest USD152 million to acquire a 38.47% in Grindr with Kunlun Group as …
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.