Shanda Literature Acquires Zubunet.com

Shanda Literature, the Internet literature subsidiary of China’s Shanda Interactive Entertainment Limited, has announced that it has acquired the Chinese digital periodical website Zubunet.com.

Ku6 Extends Loss From Chinese Online Video Biz After Dumping Wireless Services

China’s Ku6 Media Company Ltd., which boasts a new focus on Internet video services after dumping its poor wireless services offerings and its old name of Hurray, today announced its unaudited financial results for its second quarter ended June 30, 2010.

China’s Alibaba Acquires Auctiva

Chinese e-commerce company Alibaba.com has entered into an agreement to acquire Auctiva, a third-party developer of tools for eBay sellers.

Shanda Completes Ku6 Deal

Chinese online game firm Shanda Interactive Entertainment Limited announced that it has completed its business swap with Ku6 Media Company Limited.

Focus Media Dumps Chinese Internet Advertising Company Allyes

Chinese digital media firm Focus Media Holding Limited has entered into a definitive share purchase agreement to sell to Silver Lake a 62% indirect equity ownership of its Internet subsidiary, Allyes Online Media Holdings Ltd and its consolidated subsidiaries and affiliates, for USD124 million.

China’s Alibaba.com Acquires American E-commerce Company

Alibaba.com, the listed unit of the Chinese B2B e-commerce group Alibaba, has announced that it has reached a wholly purchase agreement with the American e-commerce company Vendio.

Zynga Acquires Chinese Social Game Developer

The American social gaming developer Zynga has announced that it has acquired the Beijing-based Chinese social media gaming company, XPD Media Inc.

Ctrip.com Buys Sozhen.com To Expand Chinese Internet Travel Business

Chinese online tourism website Ctrip.com has reportedly acquired Sozhen.com, a website focusing on ancient Chinese town travel.

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.

Tencent To Acquire Remaining Stake In SZdomain For CNY150 Million

The Chinese Internet company Tencent Holdings Limited has published an announcement, stating that it will acquire the remaining 40% stake in SZdomain, a Shenzhen-based online game developer and operator, for a consideration of over CNY150 million. On the completion of this transaction, Tencent will own the complete stake in SZdomain. Tencent said that it will […]

China’s Perfect World Acquires Japanese Online Game Operator

Chinese online game developer and operator Perfect World has signed an agreement to acquire a 100% stake in C&C Media, a Japanese online game operator, for USD21 million.

The9 To Acquire Majority Stake In Red 5 Studios

Days after Chinese online game developer and operator The9’s president announced her departure from the helm of the company, the company has now gone ahead with plans for expansion with the acquisition of an American company.

Focus Media Implements Allyes MBO As Digital Advertising Revenue Plummets In China

Chinese digital media group Focus Media has announced that the company and its subsidiary Allyes will implement a management buyout, acquiring a 38% stake in Allyes for USD13.3 million.

China’s 360buy.com To Acquire Apparel Shopping Website

Chinese electronics-oriented B2C website 360buy.com has reached an acquisition agreement with Qianxun.com, a Korean-style apparel and accessories Internet shopping website.

Shanda Games CEO Jumps Ship In China After Online Game Acquisition Spree

Shanda Games Limited announced over the weekend that Diana Li has resigned as the company’s chief executive officer and a member of the board of directors to pursue other interests.

China’s Shanda Buys American Game Company, Appoints New Subsidiary COO

Two of Shanda Interactive Entertainment Limited’s subsidiaries have been busy this week doing an acquisition and hiring a new executive, respectively.

China’s Ganji.com Will Acquire 263.com

According to reports in local media, Chinese lifestyle information website Ganji.com is planning to acquire its counterpart 263.com for over CNY10 million.