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Phoenix Digital to Acquire 55% Stake in Douwan

Shanghai Stock Exchange, 9/11/13

Phoenix Digital Media, the digital content subsidiary of Jiangsu-based book publisher and distributor Phoenix Publishing & Media (601928.SH), has announced that the company has acquired a 55% stake in Shanghai-based browser game developer and operator Douwan for RMB 277 mln. Read More

Rumor: Amazon China to Give 40% Rev Share on E-Books

Sohu IT, 6/08/13

Jiang Tao, founder of Chinese software developer technology-sharing community CSDN, leaked the terms of Amazon's partnership with Kindle content suppliers today. Read More

Shanda's Yun Zhong Shu Cheng Mobile App User Base Exceeds 16 Mln

Tencent Tech, 1/16/13

Chinese online media and game operator Shanda Interactive's online bookstore, Yun Zhong Shu Cheng, released its 2012 report on Chinese e-reading today. Read More

25% of Baidu Queries are LBS-Related

Netease Tech, 6/07/12

Wang Ke, head of Chinese internet company Baidu's (Nasdaq: BIDU) strategic partnership department, has disclosed that 25% of search queries on Baidu are LBS-related, up from only 10% in 2008. Read More

MIIT Releases 12th Five-Year Plan for Software Industry

Sina Tech, 4/06/12

China's Ministry of Industry and Information Technology (MIIT) recently released its Software and Information Technology Services Industry Development Plans for the 12th Five-Year Plan Period, calling for software and IT service industry revenues to break RMB 4 trln by 2015 - an average annual growth of 24.5% or greater - to account for 25% of the information industry as a whole, as well as for software exports to reach USD 60 bln in value. Read More

Netmovie to Expand Private Cinemas to Guangdong

Sina Tech, 8/17/11

Beijing-based digital content distributor Netmovie said recently that the company is currently scouting locations in several cities throughout Guangdong province as part of its plan to open a number of its iMovie private cinema operations in southern China. Read More

Xunlei Files for Nasdaq IPO

SEC, 6/08/11

Chinese online P2P video service provider, download accelerator software developer, and online game operator Xunlei Limited has filed an IPO prospectus with the U.S. Securities and Exchange Commission to list on the Nasdaq Global Market under the ticker symbol "XNET." Read More

Netmovie to IPO in US by H1 2012

Sina Tech, 5/06/11

Li Feng, founder of Beijing-based digital content distributor Netmovie, said today that Netmovie will IPO on a U.S. stock exchange in H2 2011 or H1 2012. Read More

Sina Weibo Contemplating 6 Potential Business Models

Shanghai Evening Post, 4/28/11

At the recent Global Mobile Internet Conference 2011 in Beijing, Charles Chao, president and CEO of Chinese internet company Sina (Nasdaq: SINA), said that his company saw six possible business models for its Sina Weibo microblogging product: interactive, targeted advertising; social gaming; real-time search; wireless value-added services; e-commerce; and premium digital content. Read More

China Mobile App Store Registered Users Reach 39 Mln

Sina Tech, 4/21/11

China Mobile (NYSE: CHL; 0941.HK) announced recently that its Mobile Market app store had passed 39 mln registered users and 1.1 mln registered developers. Read More