Baidu (Nasdaq:BIDU) has established a wholly owned subsidiary named Shanghai Baidu Rencai Consulting to operate its recruitment site rencai.baidu.com, launched in April this year,…

Sina's (Nasdaq:SINA) Twitter-like microblogging service has launched its "Weibi" virtual currency (translating roughly as "micro-coin"), with which microblog users can buy virtual…

Tencent (0700.HK) has launched a mobile address book-based video-calling software, "Weishi," for limited testing, DoNews reported July 14. The software also supports text messaging…

Baidu (Nasdaq:BIDU) has reached a strategic partnership with digital TV operator WASU Digital TV Media Group to cooperate on providing interactive TV and IPTV services, qq.com…

China Mobile (NYSE:CHL, 0941.HK) had recorded 65.85 million registered users of its mobile number-based microblogging and social networking community shequ.10086.cn (previously…

China Mobile (NYSE:CHL, 0941.HK) has signed a strategic co-operation agreement with state-owned broadcaster China Central Television (CCTV) to establish a joint "China Mobile TV…

Beijing-based online video site LeTV.com (300104.SZ) expects to achieve net profit of between RMB 57.7 million and RMB 59.25 million in the first half of this year, representing…

Tencent (0700.HK) has invested an unspecified amount in domestic group shopping site ftuan.com, Sina reported June 29 citing microblogging posts by ftuan CEO Lin Ning. The company…

The State Administration of Radio, Film and Television (SARFT) has issued a circular ordering local-level radio, film and TV bureaus to investigate domestic online video sites’…

Beijing-based recipe sharing site Douguo.com has obtained first-round investment worth up to RMB 10 million from Shanda Interactive (Nasdaq:SNDA), Beijing Times reported June 24.…