Tencent Appoints New VP For E-commerce Business
Chinese Internet company Tencent sent an internal email to announce that Bu Guangqi, chief executive officer of Yixun.com, has been appointed new vice president of Tencent.
investment
Alibaba Group Makes Strategic Investment In Online Chinese Travel Service
China’s Alibaba Group has announced a strategic investment in Qyer.com, a Chinese tourist information and online value-added service provider.
Giant Cooperates With South Korean Game Developer For New Product Launch
Chinese online game developer and operator Giant Interactive Group and South Korean game developer and operator Ntreev Soft Company Ltd. signed an agreement in Shanghai for the launch of a new product in China.
Tencent To Acquire Additional Stake In Kingsoft Network For USD46.98 Million
Kingsoft Corporation Limited recently published a report, stating that the company will acquire an addition stake in Kingsoft Network along with Tencent, with USD46.98 million additional investment from Tencent and USD5.22 million from Kingsoft Corporation.
Tencent’s Indian JV Acquires Local Internet Bus Ticket Website
Ibibo, the Indian joint venture invested by China’s Tencent and South Africa’s Naspers, has reportedly acquired an Indian online bus ticket website named RedBus.in.
Tencent May Acquire 15% Stake In Malaysia’s Patimas
Chinese Internet company Tencent may acquire a 15% stake in Patimas Computers, an information communication technology provider in Malaysia.
Renren.com Teams With Youku-Tudou To Grab More Online Video Users
Chinese Internet video company Youku-Tudou Group and Chinese social networking website Renren.com have formed a strategic partnership for platform and resource sharing.
Tencent Cuts Staff In North American Game Studio
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.
China’s Baidu Acquires PPS For USD370 Million
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 Acquires Remaining Stake In 7Road For USD78 Million
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.
