Tencent's (0700.HK) social networking site (SNS) "Pengyou" (meaning "Friends" in Chinese) has partnered with major domestic professional recruitment sites chinahr.com and zhaopin.com…

Domestic online video site Ku6.com (Nasdaq:KUTV) plans to lay off most of its sales team, the equivalent of 20% of its total employees, and to hire instead third-party advertising…

Online marketing solutions provider Shanghai MediaV Advertising has completed third-round financing worth $50 million with investment firms Quantum Strategic Partners, LightSpeed…

Hong Kong-based Emperor Entertainment Group (EEG) has agreed to have Tencent (0700.HK) help market its artists and products through various platforms, the two jointly announced…

Baidu (Nasdaq:BIDU) plans to launch a Q&A service “Xinzhi” at xinzhi.baidu.com, TechWeb.com.cn reported on May 17 citing an unnamed source. The search company has bought the…

Sina’s (Nasdaq:SINA) Twitter-like microblogging service has entered into a partnership with domestic mobile internet portal 3g.cn, on news, microblogging and a mobile phone-based…

Tencent (0700.HK) officially launched “Q+”, an open platform for its client-end instant messaging service QQ, it announced on May 16. The platform uses an Application Programming…

AirMedia (Nasdaq:AMCN) recorded a net loss of $3.9 million in the first quarter of 2010, improving on the company's net loss in the year-ago period of $6.5 million but following…

Tencent (0700.HK) has acquired a 4.6% stake in movie and TV entertainment company Huayi Brothers Media (300027.SZ) in a strategic investment worth approximately RMB 450 million,…

Domestic online video site Youku.com (NYSE:YOKU) recorded a net loss of RMB 46.92 million in the first quarter of 2011, compared with a loss of RMB 51.20 million in the corresponding…