UCWeb To Build Open Mobile Games Platform

UCWeb, Chinese provider of mobile Internet software technology and browser services, confirmed that the company has acquired 9game.cn, a mobile games platform, and it plans to build an open platform for mobile Internet games.

China’s Tencent Invests USD1 Billion In E-commerce Subsidiary

Ma Huateng, chairman and chief executive officer of Tencent, has announced plans to invest USD1 billion in its independently operated e-commerce holding company.

China’s Tencent Invests CNY400 Million In South Korean Mobile Chat Application

Chinese Internet company Tencent revealed in its financial report for the first quarter of 2012 that the company acquired a 13.84% stake in KakaoTalk, a South Korean mobile communication application, for CNY403 million.

Chinese Companies Form Video Content Group

Chinese Internet video providers Sohu video, Tencent video, and Iqiyi.com have together established an organization named Video Content Cooperation to implement deeper cooperation in resource sharing, platform development, copyright protection and broadcasting sector growth.

360buy.com Offers Interest-free Loans To Employees

Chinese B2C e-commerce website 360buy.com has announced plans to offer interest-free housing and car loans to employees, and the total amount available will reach several hundred million Renminbi.

Renren.com Announces Social Travel Website In China

Chinese social networking site operator Renren.com has announced the launch of a new social travel platform Fengche.com, which has already been running for a few months.

China’s Tencent, Kingsoft Form Game Alliance

Chinese tech titans Tencent and Kingsoft will soon begin operating their online games together.

China’s Tencent To Acquire 49% Stake In Foreign Game Publisher

Chinese Internet company Tencent Holdings Limited has announced that it will invest USD26.95 million to acquire 49% of the issued shares of Level Up.

Tencent Inks China Social Media Microblogging Deal With CNTV

Chinese Internet company Tencent and China Network Television have jointly announced a strategic partnership for a comprehensive social media and microblogging cooperation.

Tencent Launches Innovative Application Lab In Tianjin

Aiming to encourage Chinese university graduates to start their own businesses and spread capitalism through China, Chinese Internet company Tencent announced the launch of its new innovative application lab in Tianjin.

China’s Tencent To Introduce Overseas B2C Services In 2012

Chinese Internet company Tencent will soon launch its Internet shopping platform Buy.qq.com, which plans to introduce an overseas B2C service in 2012.

China’s Tencent To Invest CNY1 Billion In Search Engine Development

Chinese Internet company Tencent has recently started a marketing campaign for its search engine product in Shanghai and this business promotion will be launched in nine cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen, and Chengdu.

Chinese Internet Company Plans Unfair Competition Lawsuit Against Tencent

Chinese application service provider UC will sue Tencent, the Chinese Internet giant, for alleged unfair competitive practices.

China’s NetEase.com Launches IM Product For Corporate Users

Chinese Internet company NetEase.com has announced the official launch of its instant messaging product for corporate users.

China’s Tenpay, American Express Join For International Internet Payment Services

Tenpay, the Internet payment subsidiary of Chinese technology firm Tencent, and American Express have reached an agreement to jointly provide Internet payment services to Tenpay’s overseas users who purchase goods from American Express vendors.

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.

China’s Tencent Revenue Up 44.3% In Q2 2011

Chinese Internet company Tencent has published its unaudited financial report for the second quarter of 2011, stating that its overall operating revenue reached CNY6.739 billion, an increase of 6.3% compared with the previous quarter and an increase of 44.3% compared with the same period last year.

Tencent Embeds Anti-Virus Service Into Instant Messaging Software

Tencent will incorporate Avira’s Internet security scanning engine and core technology into Tencent’s QQ Computer Manager 5.0 Anniversary Preview Edition.

China’s Tencent Enters Mobile Market With 3G Smartphones

Chinese Internet giant Tencent has announced that it is cooperating with China Telecom and five mobile phone manufacturers in the launch of six smartphone products, which have the embedded QQ-service platforms.

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.

Tencent To Operate New South Korean Online Game In China

Chinese Internet company Tencent has gained the rights to operate Blade & Soul, a new online game developed by the South Korean company NCsoft, on the Chinese mainland.

Tencent Buys Online Travel Stake In eLong.com

Chinese online travel service provider eLong Inc. reported its unaudited financial results for the first quarter ended March 31, 2011, and said Tencent made a strategic investment in the company.

Tencent Shows Internet Boom In China Continues

Chinese online and mobile company Tencent Holdings Limited today announced its unaudited consolidated results for the year’s first quarter ended March 31, 2011.

Chinese Group Buying Navigation Website Opened By Shanda

China’s Shanda has announced its launch a new navigation site, Tuan.sdo.com, for group buying websites.

China’s Tencent Net Profit Up 56.2% In 2010

Chinese Internet company Tencent has published its annual financial report for 2010, stating that its net profit increased by 56.2% year-on-year to CNY8.054 billion.

China’s Ganji.com Develops Group Buying Internet Service With COFCO

Chinese lifestyle information website Ganji.com has launched a new collective buying product, which will first cooperate with Womai.com owned by COFCO Group in providing group buying deals in Beijing.

Groupon, Tencent Establish Gaopeng.com

Jointly invested by Groupon, Tencent Collaboration Fund and Yunfeng Capital, the collective buying website Gaopeng.com has been launched in China.

Rumor: Groupon To Establish JV With Tencent In China

An insider from the Chinese Internet company Tencent has confirmed to the local media that the American collective buying website Groupon will establish a joint venture with Tencent to enter the Chinese market, and the CEO of the new company will be assigned by Tencent.