Chinese Internet company Tencent revealed in its financial report for the first quarter of 2012 that the company acquired a 13.84% stake in KakaoTalk, a South Korean mobile communication application, for CNY403 million.
Chinese mobile browser developer UCWeb has officially established a new subsidiary in New Delhi, India, and the company launched its latest UCWeb 8.0 version for Android in the country.
Chinese social networking site Renren.com and the South Korean electronics company Samsung have announced in Beijing that the two companies have reached cooperation and will jointly create a social networking service ecosphere based on products of both parties.
