Chinese social networking site Renren.com has announced plans to acquire the entire stake in 56.com, a Chinese video website, for USD80 million in cash.
U.S. Internet giant IAC/InterActiveCorp’s marriage website Match.com has reportedly acquired a 20% stake in Zhenai.com, a marriage website in China.
Chinese social networking site Kaixin001.com has announced that its group buying business, which it previously operated on its own, will transform to a third-party cooperation model.
Chinese social networking site Renren.com has reportedly formed a strategic partnership with MSN China in sectors including social networking, instant messaging service, and open platform development.
Chinese classified information website Ganji.com has updated its mobile client from the 1.0 version to 2.0, aiming to provide users with a better mobile Internet experience.
Chinese Internet social networking platform Renren Inc. announced its unaudited financial results for the first quarter ended March 31, 2011, and the company says it’s not losing as much money as before.
Chinese Internet security software provider Qihoo 360 and social networking site Renren.com have jointly announced that the two parties have formed a strategic partnership for Internet security and open platform cooperation in China.
Chinese social networking site Renren.com and Japanese human resources and Japanese media group Recruit Company Ltd. have reached an agreement to jointly establish a marriage-oriented social media platform in China.
In China all media is social, so Chinese Internet social media and social networking website Renren.com’s initial public offering planned in a few hours should be smooth sailing. However, the departure of a company director over the weekend and recent inconsistencies in its statistics have caused concern for investors.
Chinese social networking site Renren.com filed plans to sell up to nearly USD675 million worth of shares in an initial public offering in the United States this year.
Chinese Internet company Sina.com has officially launched a new domain name, weibo.com, for its microblog product, and the company has also adopted a new logo for the social media business.
The Japanese social networking site Gree plans to open three new offices in Beijing, Singapore, and London, respectively, to expand its overseas markets.
According to reports in local Chinese media, the recruitment website Zhaopin.com and the interactive entertainment group Oak Pacific have jointly launched a new business-oriented social networking site, Jingwei.com, in China.
Chinese online game developer and operator The9 has announced that it has reached an agreement with Walt Disney Company (Shanghai) to distribute game contents that include Disney cartoon characters on the Chinese mainland.
The American social networking website MySpace has cut two-thirds of its staff in China and several executives in the Chinese division have departed their positions.
Chinese social networking site Renren.com has published its five annual strategic products, covering information, entertainment, and location services, and what it plans for 2011.
Beijing Second Intermediate People’s Court has announced its decision for Kaixin001.com’s lawsuit against Oak Pacific Interactive, which previously launched a similar social networking site as that of Kaixin001.com, asking the latter to stop using the Chinese name of “Kai Xin Wang” and pay compensation of CNY400,000 to the complainant.
Chinese online gaming firm The9 has announced that it plans to introduce the game-oriented social networking site OpenFeint into the Chinese market before the end of 2010.
Chinese social networking sites operator Oak Pacific Interactive has announced that it will gradually integrate its two social networking sites, Renren.com and Kaixin.com.
A new report issued by a Chinese government-funded research organization states Facebook and Western social networking sites pose spy risks, and these problems should make social media mavens worry about possible clampdowns on social networking sites in China.
IBM has announced the launch of its first Chinese-language vertical social networking site, My developerWorks, targeting Chinese software developers and information technology professionals.
A representative from China Hualu Group has revealed that the video website Hualu5.com developed by its subsidiary Hualu Culture Industry Company is expected to be launched in a month.
China’s leading travel search engine Kuxun.cn announced it has reached a strategic cooperation with Kaixin001.com, the famous social networking service provider in China, saying the two will work together to expand online travel business opportunities.
Chinese Internet portal Sohu.com has announced the official launch of the new 2.0 edition of its Sogou browser.
Chinese Internet security solutions provider 360 has published a commitment for user privacy protection and announced at the same time that it will submit its source code to China Information Technology Security Evaluation Center for hosting and testing.
As news that Tom Online has ended its relationship with Google, the Chinese Internet community Tianya.cn has now announced that as a result of Google’s relocation of its Chinese business from the Chinese mainland to Hong Kong, Tianya.cn will suspend cooperation of several projects with Google.
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.
Two of Shanda Interactive Entertainment Limited’s subsidiaries have been busy this week doing an acquisition and hiring a new executive, respectively.
