Chinese Internet video company Youku-Tudou Group and Chinese social networking website Renren.com have formed a strategic partnership for platform and resource sharing.
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 B2B e-commerce company Alibaba Group has inked a deal with Chinese Web portal Sina.com for a wide range of cooperation.
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.
Chinese e-commerce group Alibaba has launched the overseas version of its group buying website Juhuasuan.com for Hong Kong and Taiwan markets, representing an important step into Hong Kong, Macau, and Taiwan.
Chinese search engine company Baidu Inc. reportedly intends to acquire the lifestyle information provider Aibang.com.
According to an internal email reportedly sent by Bu Guangqi, chief executive officer of Tencent’s e-commerce subsidiary 51buy.com, the company will implement a structural adjustment, aiming at sales of CNY15 billion to CNY20 billion in 2013.
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.
CSDN.net, which goes by a few English names including China Software Developer Network, has completed its latest financing project.
Chinese coupon provider Velo and group buying website Didatuan.com announced via internal emails that the two companies have completed a formal integration.
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.
Chinese Internet search engine company Baidu Inc. disappointed investors as it posted its fourth quarter and fiscal year 2012 financial results.
Chinese B2C e-commerce website 360buy.com held the opening ceremony for its Haidian cloud computing research and development base in Yiyuan Cultural and Creative Industrial Zone, Beijing.
Chinese Internet recruitment website ChinaHR.com reportedly may be sold by its parent company Monster at a price as low as CNY55 million.
Yang Yongqiang, chief technology officer of the Chinese Internet video website Letv.com, announced the launch of a new project to support the development of TV applications.
Chinese real estate portal Soufun.com has officially established a headquarters in Shanghai to support its operation in 15 cities in East China.
Chinese electronics and home appliances retailer Gome’s e-commerce website and the maternal and baby products website Qinqinbaby.com have signed a strategic cooperation agreement to jointly operate a maternal and baby products channel.
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.
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 spirits and alcohol B2C e-commerce website Jiuxian.com announced that the company has gained additional investment of CNY200 million.
Chinese search engine provider Baidu Inc. has started a new cloud computing center project in Shanxi’s Yangquan, hometown of Baidu’s founder Robin Li.
Chinese lifestyle and restaurant information listings website Dianping.com has confirmed to local media that the company has completed its latest round of financing of USD60 million.
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 group buying website Ftuan.com announced that its physical company has been renamed from Beijing Kala Interactive Technology Company Limited to Beijing Wangluo Tianxia Life Technology Company Limited, and both Ftuan.com and Gaopeng.com will be integrated into the company.
China Unicom held the groundbreaking ceremony for its new base in northwest China, which aims to promote the development of the cloud computing business of the Chinese telecom carrier.
