Shenzhen-based internet firm Tencent (0700.HK) and Internet café platform operator Hangzhou Shunwang Technology (iCafe8) (300113.SZ) announced yesterday that Tencent has acquired a 3.98% stake in iCafe8 for RMB 130 mln. Read More...
A spokesperson from Chinese internet company Baidu's (Nasdaq: BIDU) sales supervision department has revealed that several thousand keywords related to illnesses and pharmaceuticals have been banned from Baidu's paid search rankings. Read More...
Sohu IT, 11/17/11
Zhou Hongyi, CEO of Chinese online security software developer Qihoo 360 (NYSE: QIHU), revealed during the company's Q3 2011 earnings call yesterday that the company received USD 2.7 mln from Chinese internet company Baidu (Nasdaq: BIDU) in an out-of-court settlement. Read More...
Chinese third-party payment processor Alipay has released a new C2C platform, "Yi Zhuanrang" ("Easy Transfer"), that allows individual users to post items for sale for other users to purchase using Alipay. Read More...
Sina Tech, 11/16/11
Panguso.com, the national-level online and mobile search engine developed by China Mobile (NYSE: CHL; 0941.HK) and Xinhua News Agency, has released desktop and mobile applications and upgraded its website. Read More...
Han Jun, deputy head of the Department of Science & Technology at China's Ministry of Industry and Information Technology (MIIT), recently announced at the 2011 China Software Technology Conference in Beijing that 98.1% of computers shipped in China in 2010 had genuine operating systems pre-installed. Read More...
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