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.
Chinese coupon provider Velo and group buying website Didatuan.com announced via internal emails that the two companies have completed a formal integration.
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.
A representative from Suning.com, the e-commerce platform of electronics retailer Suning, told local media that their negotiation for the acquisition of Redbaby.com, a Chinese e-commerce website for baby and maternal products, has entered the financial…
Chinese Internet video company Tudou.com confirmed to the local media that its chief operating officer Evelyn Wang had officially resigned.
Ftuan.com, a Chinese group buying website, and Gaopeng.com, the joint venture between Tencent and Groupon, have reportedly completed their merger and integration, and the new company will be led by Lin Ning from Ftuan.com.
Vocus Inc., the Nasdaq-listed provider of on-demand software for public relations, announced that it has acquired privately-held BDL Media Ltd., a provider of on-demand public relations software and services in China.
Two of Shanda Interactive Entertainment Limited’s subsidiaries have been busy this week doing an acquisition and hiring a new executive, respectively.
According to reports in local media, Chinese lifestyle information website Ganji.com is planning to acquire its counterpart 263.com for over CNY10 million.