Marbridge Daily

<- May 18, 2011 ->

Featured Articles

Ku6 Lays Off 20% of Workforce

Sina Tech, 5/18/11

Shanda Interactive's (Nasdaq: SNDA) online video subsidiary, Ku6 (Nasdaq: KUTV), today announced that the company plans to reduce its total staff by approximately 20%, entirely from the sales department, over the next two weeks.   Read More...

Children's Book Publishers Condemn 360Buy Discounts

Chinaxwcb.com, 5/18/11

A consortium of 24 children's literature publishers, including China Youth and Children's Publishing House and Jieli Publishing House, have issued a joint statement criticizing Beijing-based B2C e-commerce platform 360Buy for selling their works below production costs.   Read More...

Qiyi Releases Premium Online Video Service

BiaNews, 5/18/11

Chinese internet company Baidu's (Nasdaq: BIDU) online video joint venture, Qiyi, recently introduced a premium membership service (vip.qiyi.com), subscribers to which gain access to films and documentaries for RMB 9.8 per month.   Read More...

MediaV Obtains USD 50 Mln in Third-Round Funding

Beijing Morning Post, 5/18/11

Shanghai-based online advertising firm MediaV announced that it has successfully obtained USD 50 mln in a third round of funding led by Quantum Strategic Partners and supported by GGV Capital and LightSpeed Venture Partners.   Read More...

Internet

Rumor: Ku6 Sacks Two VPs

Sina Tech, 5/18/11

According to an internal memo leaked from within Shanda Interactive's (Nasdaq: SNDA) online video subsidiary, Ku6 (Nasdaq: KUTV), the board of directors recently voted to remove senior VP Hao Zhizhong and VP Zeng Xingye.   Read More...

OpenV in Talks for Another Round of Funding

Netease Tech, 5/17/11

Peng Tao, CEO of Chinese online video SNS OpenV, is in talks with investors for a new round of funding that is expected to exceed last year's USD 17 mln.   Read More...

Rumor: Baidu to Release New Q&A Service

TechWeb, 5/17/11

An industry source claimed yesterday that Chinese internet company Baidu (Nasdaq: BIDU) was preparing to launch a new Q&A site, Baidu Xinzhi (xinzhi.baidu.com), and released images of what will supposedly be the Baidu Xinzhi logo.   Read More...

Baidu Talk Closes User Registration

TechWeb, 5/18/11

Chinese internet company Baidu (Nasdaq: BIDU) today announced that its Baidu Talk microblogging platform recently stopped accepting user registrations and verification requests.   Read More...

Rumor: Yihaodian Fails to Win Tencent Investment

National Business Daily, 5/18/11

An industry source claims that Chinese B2C e-commerce site Yihaodian began plans to bring on new investors, including Shenzhen-based internet company Tencent (0700.HK), late last year.   Read More...

LeTao Unveils SNS Advertising Network

Tencent Tech, 5/18/11

Chinese B2C online shoe retailer Letao recently launched a RMB 100 mln "micro-commission" promotion in Beijing, in which participants who recommend friends buy Letao products will receive a 10% commission.   Read More...

Tencent Partners with Hong Kong Recording Label

Tencent Entertainment, 5/18/11

Chinese internet giant Tencent (0700.HK) and Hong Kong recording label Emperor Entertainment Group (EEG) today announced a strategic partnership to offer EEG artists, promotions, and content to Tencent users via various platforms, including Tencent Microblog, QQ.com, QQ Music, and Qzone.   Read More...

Netease, Qihoo 360 Partner on E-Mail Security

Netease Tech, 5/18/11

Chinese internet company Netease (Nasdaq: NTES) and online security software developer Qihoo 360 (NYSE: QIHU) formed a strategic relationship recently under which the companies will cooperate on products and technologies to protect e-mail users against phishing, Trojans, and other threats.   Read More...

China Education Alliance Records Q1 2011 Loss of USD 500K

PR Newswire Asia, 5/17/11

Chinese online and on-site education provider China Education Alliance (NYSE: CEU) has announced its financial results for the first quarter of 2011, with total revenue down 18.8% YoY to USD 7 mln.   Read More...

PopCap to Develop Renren Version of Plants Vs Zombies

Sina Tech, 5/18/11

Chinese social networking site operator Renren (NYSE: RENN) today announced that it will partner with U.S. social game developer and operator PopCap to develop an SNS version of PopCap's game Plants vs Zombies.   Read More...

Shanda Begins Unlimited CB of MMO

PR Newswire Asia, 5/18/11

Chinese online game developer and operator Shanda Games (Nasdaq: GAME), a subsidiary of Shanda Interactive (Nasdaq: SNDA) has announced that on May 16, it commenced unlimited closed beta testing for its self developed MMORPG Legend of Immortals.   Read More...

Shanda Games to Open New Server for MMO

17173.com, 5/18/11

Chinese online game developer and operator Shanda Games (Nasdaq: GAME), a subsidiary of Shanda Interactive (Nasdaq: SNDA), has announced that it will open a new server for its licensed 3D MMORPG Sudden Attack on May 18.   Read More...

Netease to Begin OB of Browser Game Version of MMO

CBSi, 5/18/11

Chinese online game developer and operator Netease (Nasdaq: NTES) has announced that it will begin open beta testing of the browser game version of its self-developed turn-based MMORPG Westward Journey Online III on May 18.   Read More...

Kingsoft to Begin OB of New Version of MMO

Sina Games, 5/18/11

Chinese game developer and operator Kingsoft (3888.HK) has announced that it will begin open beta testing of the new version of its self-developed martial arts MMORPG JX Online 3 on May 19.   Read More...

Shiji Tiancheng to Begin Second-Round CB of MMO

Sina Games, 5/17/11

Shanghai-based online game developer and operator Shiji Tiancheng has announced that it will begin a second round of closed beta testing of its licensed 3D MMORPG Mabinogi: Heroes in June.   Read More...

URGamer to Begin CB of MMO

17173.com, 5/18/11

Shanghai-based online game developer and operator URGamer Network Information Technology has announced that it will begin closed beta testing of its self-developed 3D dancing MMORPG Happy Boom on May 18.   Read More...

SunHome to Release New Expansion Pack for MMO

17173.com, 5/18/11

Guangzhou-based online game developer and operator SunHome Network Technology has announced that it will release a new expansion pack for its self-developed 2.5D MMORPG States at War on May 27.   Read More...

Zhenyou to Begin New-Round CB of TPS

17173.com, 5/18/11

Shanghai-based online game operator Zhenyou Network has announced that it will begin a new round of closed beta testing of its self-developed 3D TPS (Third-Person Shooter), Quanqiu Shiming, on May 31.   Read More...

 
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