Apr 25, 2011
China's Ministry of Culture (MoC) has issued its "Notice Regarding 12 Illegal Online Cultural Activities," calling for the relevant cultural administration and cultural market enforcement agencies to jointly investigate 14 websites suspected of offering illegal online music services, including Baidu's (Nasdaq: BIDU) MP3 search.
Chinese online media, communication, search, online gaming and wireless value-added services provider Sohu (Nasdaq: SOHU) has announced its unaudited financial results for the first quarter ended March 31, 2011, with total revenue reaching USD 174.4 mln, up 35% year-over-year and 1% quarter-over-quarter.
Chinese online game developer and operator Changyou (Nasdaq: CYOU), a subsidiary of Internet portal Sohu (Nasdaq: SOHU), today announced it has recently entered into a definitive agreement with Shenzhen-based browser game developer 7Road Technology Co., Ltd. under which Changyou will acquire a majority equity stake in 7Road and its affiliates.
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