Chinese Social Media Travel Website Gains USD15 Million Investment

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.

Wikipedia Who? Qihoo 360 Readies Chinese Internet Encyclopedia Service

Qihoo 360’s search engine product has added a new Wikipedia-like encyclopedia service, which is reportedly undergoing internal testing and will be launched to the public soon.