China’s Shanda Appoints New Subsidiary President
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.
Ku6.com
China’s Ku6.com CFO Resignation Comes In Wake Of Board Turbulence
Shen Xiaotong, chief financial officer of Ku6.com, has resigned due to personal reasons, and Feng Jie, the company’s vice president for finance, will temporarily command the CFO position.
Ku6.com’s Vice President Resigns
Han Kun, co-founder and vice president of the Chinese video website Ku6.com, has confirmed to local media that he has resigned his positions in Ku6.com and started a new business in the mobile Internet industry.
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.
Ku6 Acquires Media Player Company By Issuance Of New Shares
Ku6 Media Company Ltd., the Internet video subsidiary of Shanda Interactive Entertainment Limited, has announced that the shareholders of Pipi.cn, a leading P2P Internet video platform in China, have agreed to sell all shares to…
Ku6.com CEO Resigns
Chinese Internet video company Ku6.com has announced that Li Shanyou, founder and chief executive officer of Ku6.com, has resigned for career development reasons; however, he will still be director of the company and will offer…
Huanqiu.com, Ku6.com Form Alliance For Internet Videos
Huanqiu.com, the website sponsored by Global Times, has confirmed to Chinese media that it will cooperate with the Internet video website Ku6.com to launch a new online movie channel.
Xinhua News Agency, Shanda Sign Strategic Cooperation Agreement
China’s Xinhua News Agency and Shanda Interactive Entertainment Limited have signed a comprehensive strategic cooperation framework agreement for media cooperation.
