Perhaps as a sign of the sinking values of Chinese Internet businesses, CDC Corporation, a portal website operator, media and exhibition organizer, has sold its Internet portal business China.com to Guoguang Global Media Holdings Limited…
Chinese Internet company Tencent may acquire a 15% stake in Patimas Computers, an information communication technology provider in Malaysia.
Chinese Internet video company Youku-Tudou Group and Chinese social networking website Renren.com have formed a strategic partnership for platform and resource sharing.
Chinese Internet company Tencent recently completed its staff layout in its North American office, and about 20 employees were dismissed during this adjustment, accounting for 40% of its total employees in North America.
Chinese search engine company Baidu Inc. has acquired PPS, an Internet video company, for USD370 million and it will integrate PPS with Iqiyi.com to provide better services to users.
Changyou.com, the online game subsidiary of Sohu.com, reached an agreement with all minority shareholders of 7Road aiming to acquire the remaining 28.074% stake from these shareholders for about USD78 million.
Chinese search engine company Baidu Inc. reportedly intends to acquire the lifestyle information provider Aibang.com.
Chinese B2C e-commerce website Vancl.com announced that it will acquire the apparel e-commerce brand Crucco with an undisclosed amount of cash and equity.
Ireland’s Saongroup.com reached an agreement before the Chinese New Year began with America’s Monster for the acquisition of its Chinese Internet recruitment subsidiary ChinaHR.com.
An internal email from Shanda confirmed that the company has appointed Qiu Wenyou, former managing director of Bank of America Merrill Lynch, as its new president and chairman for Shanda Literature.