Chinese Internet company Tencent recently completed its staff layout in its North American office, and about 20 employees were dismissed during this adjustment, accounting for 40% of its total employees in North America.
Chinese search engine company Baidu Inc. has acquired PPS, an Internet video company, for USD370 million and it will integrate PPS with Iqiyi.com to provide better services to users.
Changyou.com, the online game subsidiary of Sohu.com, reached an agreement with all minority shareholders of 7Road aiming to acquire the remaining 28.074% stake from these shareholders for about USD78 million.
Chinese search engine company Baidu Inc. reportedly intends to acquire the lifestyle information provider Aibang.com.
Chinese B2C e-commerce website Vancl.com announced that it will acquire the apparel e-commerce brand Crucco with an undisclosed amount of cash and equity.
Ireland’s Saongroup.com reached an agreement before the Chinese New Year began with America’s Monster for the acquisition of its Chinese Internet recruitment subsidiary ChinaHR.com.
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.
Suning.com, the e-commerce platform of Chinese electronics retailer Suning, announced that it has invested USD66 million to acquire the Chinese e-commerce website for baby and maternity products Redbaby.com.cn.
Chinese technology group Lenovo acquired the U.S.-headquartered cloud technology company Stoneware, which provides cloud computing products for various devices and ecosystems.
A representative from Suning.com, the e-commerce platform of electronics retailer Suning, told local media that their negotiation for the acquisition of Redbaby.com, a Chinese e-commerce website for baby and maternal products, has entered the financial audit stage, and the deal is expected to be closed in the third quarter of 2012.
Chinese smartphone maker Xiaomi has announced plans to acquire the MSNLite team, which will focus on the research and development of the PC version of Xiaomi’s instant messaging application after the acquisition.
Chinese Internet video company Tudou.com confirmed to the local media that its chief operating officer Evelyn Wang had officially resigned.
Ftuan.com, a Chinese group buying website, and Gaopeng.com, the joint venture between Tencent and Groupon, have reportedly completed their merger and integration, and the new company will be led by Lin Ning from Ftuan.com.
Chinese social networking giant Tencent has acquired a minority stake in U.S. game company Epic Games.
UCWeb, Chinese provider of mobile Internet software technology and browser services, confirmed that the company has acquired 9game.cn, a mobile games platform, and it plans to build an open platform for mobile Internet games.
According to a 20-F form recently submitted to the U.S. Securities and Exchange commission by the Chinese video website Youku.com, the company has completed the acquisition of a 95% stake in the overseas copyright service provider Trade Lead for CNY112.9 million.
Hong Kong-listed information technology and outsource software development company Inspur International has published a report, stating that it will sell its e-government business, Shandong Inspur E-Government Software Limited, to Shandong Inspur Software Company Limited for CNY23 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.
Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has reached an agreement with OnCard International to acquire its third-party payment service subsidiary, OnCard Payments.
Taiwan-based Acer plans to acquire U.S.-based iGware for USD320M plus another USD75M for performance-based earn-out.
Chinese online game developer and operator has announced that it has invested EUR35 million to acquire a 100% stake in Cryptic Studios, an online game developer owned by Atari.
Chinese B2B e-commerce group Alibaba has completed its acquisition of the traffic statistics service provider CNZZ, marking a crucial step for the group’s layout within the e-commerce industry chain.
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.
Shanghai-based game developer UltiZen Games Limited has announced that it has acquired the Japanese game developer Red Entertainment Corporation Limited, but no financial details surrounding the transaction are currently available.
Chinese online game developer and operator Linekong has announced that it has acquired the Chengdu-based 3D game studio named Wushuang, and will start the beta test of a new online game, Unparalleled Devil, on January 14, 2011.
Chinese business-to-business e-commerce firm Alibaba.com Limited has entered into an agreement to acquire Shenzhen One-Touch Enterprise Service Limited, a provider of one-stop services for exporters in China, for an undisclosed sum.
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.
American technology media company TechTarget Inc. is finally taking a deeper step into China by taking a larger piece of its Chinese operations.
