UCWeb CFO: UCWeb To Launch IPO In 2013

Roy Rong, chief financial officer of Chinese Internet company UCWeb, revealed during an interview in Bloomberg’s office in San Francisco that the company plans to launch its initial public offering in 2013.

Shanda’s Mochi Media Warns Tencent About Game Infringement

Mochi Media, a Flash game development platform owned by Shanda Games, has issued an open letter, claiming that the Chinese Internet company Tencent has pirated its games.