China’s Kalends To Acquire Additional Stake In Grindr For USD152 Million

Chinese Internet game distributor Kalends plans to invest USD152 million to acquire a 38.47% in Grindr with Kunlun Group as …

Cheetah Mobile’s Live Show Subsidiary Gains USD60 Million Investment

Chinese mobile Internet security company Cheetah Mobile announced that its live show subsidiary Live.me Inc signed a USD60 million fund …

Tencent Unveils Social CRM Service In China

tencent-qidianChinese Internet company Tencent has launched a customer relationship management product named Tencent Qidian that integrates the company’s various social …

Tencent Makes USD70 Million Bet On Chinese Healthcare Social Networking

Tencent Holdings Limited is investing USD70 million into Ting Ting Group, the owner of Chinese online healthcare service community DXY.cn. Tencent gains a minority equity stake of DXY on a fully diluted and as converted basis, and the deal is expected to close soon. DXY plans to invest the capital into developing healthcare products for […]

MySpace Cuts Staff In China

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.

China Mobile’s Mobile Market Will Launch LBS In February 2011

A representative in charge of the planning of China Mobile’s online application store Mobile Market has revealed that the company’s location-based service module is currently finishing its test phase, and will be launched next month.

China’s Renren.com Publishes Strategic Products List

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.

Court Asks Oak Pacific Interactive To Stop Using The Social Media Name “Kaixin”

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.

The9 Plans To Introduce OpenFeint Into China

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.