Oracle Employing Social Media To Hire 600 New Employees In China

Oracle China has launched a new recruitment program named “We are Hiring”, under which the technology company will hire over 600 new employees in China to support its fast business growth in the local market.

China’s 360buy.com Will Soon Hire 20,000 More Staff

Chinese B2C e-commerce website 360buy.com has announced via its official microblog that it plans to recruit 20,000 new e-commerce talents in 2012 to meet the development demands of the company.

Renren.com To Acquire 56.com For USD80 Million

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. Marriage Website Acquires 20% Stake In China’s Zhenai.com

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.

Heightened Chinese Inflation Pushes Renren.com To Offer Employee Loans

Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.

China’s Renren.com Forms Social Media Strategic Partnership With MSN

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.

Tencent’s New Chinese E-commerce Platform Will Launch Soon

Chinese Internet company Tencent has announced at its e-commerce annual meeting that the company plans to launch a B2B2C platform in the fourth quarter of 2011.

NetEase.com’s Online Games Continue Adding Revenue In China

Chinese Internet firm NetEase.com Inc. announced its unaudited financial results for the second quarter ended June 30, 2011.

Sina’s Chinese Internet Profit Plummets As Company Focuses On Microblogging

Chinese online media and mobile value-added services firm Sina Corporation says its profit fell more than 50% as it announced its unaudited financial results for the second quarter ended June 30, 2011.

China’s Tudou.com Readies IPO After Settling Executive’s Marital Lawsuit

Chinese online video website Tudou.com has updated its filings with the U.S. Securities and Exchange Commission for a planned initial public offering this week.

Nokia Will Shut Ovi Email Service In Mainland China

Nokia has announced that starting from August 19, 2011, it will terminate its Ovi email and chat room services on the Chinese mainland.

China’s Hasee To Invest CNY30 Million In Internet Marketing

Chinese information technology company Hasee and the Internet video website Qiyi.com have jointly announced in Beijing that the two parties have reached strategic cooperation, and Hasee will invest CNY30 million to place advertisements on Qiyi.com.

Renren.com Loses Less Money In China

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.

Qihoo 360, Renren.com Form Internet Browser Security Partnership

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.

Renren.com Ties Knot With Japanese Partner For Marriage Website 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.

Letv.com To Invest CNY6.3 Million For New Subsidiaries

Chinese Internet video company Letv.com has announced that it will invest about CNY6.3 million to set up wholly-owned subsidiaries in Hong Kong and Taiwan to expand the overseas market and improve its visibility.

Sina Microblog, China Telecom Ink Deal

The microblog channel of Sina.com and China Telecom have signed an agreement to implement a cooperation for products based on the microblog services at Sina.com.

Beijing Government Says Ku6.com’s Staff Dismissals Are Illegal

Earlier this month, Chinese online video website Ku6.com announced it was downsizing staff by up to 20%. But now local media reports state those layoffs are not legal.

Ku6.com’s Financials Show Chinese Internet Video Sector Instability

Chinese online video and television services company Ku6 Media Company Ltd. today announced its unaudited financial results for the first quarter of fiscal year 2011, and said that sequential quarterly revenue slightly dropped.

Chinese Online Video Website To Cut 20% Staff

Chinese Internet video website Ku6.com has announced that to simplify operations, control costs, and improve efficiency, the company has decided to restructure its sales department.

Sina.com Fails To Keep Internet Profit Growing In China

Chinese online and wireless media company Sina Corporation says its profit fell on higher costs as it announced its unaudited financial results for the first quarter ended March 31, 2011.

Shanda Starts Beta Tests Of Chinese Microblog Platform

Shanda Interactive Entertainment Limited has started the beta tests of its new microblog product, Tuita.com.

Youku.com Extends Net Loss In Chinese Internet Video Sector

Chinese online video website Youku.com Inc. today announced its unaudited financial results for the first quarter ended March 31, 2011, and provided investors with an 8% net loss.

American Senator’s Missive Won’t Dent Chinese Search Engine’s Censorship Regime

United States Assistant Senate Majority Leader Dick Durbin has penned a letter to the chairman of China’s largest Internet search engine, asking for more transparency and greater adherence to human rights.

Renren.com’s Pre-IPO Problems May Not Move China Investors To Run Run

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.

Online Brand Advertising Slumps But Total Revenues Rise In China For Sohu.com

Chinese online media company Sohu.com Inc. says its revenues rose by 35% over last year as it reported its unaudited financial results for the first quarter ended March 31, 2011.

China’s Phoenix New Media Announces IPO Plans

Chinese online news and video media service Phoenix New Media Limited filed its F-1 statement with the United States Securities and Exchange Commission in a bid to raise up to USD200 million in an initial public offering.

Chinese Social Media Site Renren.com Files For IPO

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.