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Chinese Internet company Tencent (0700.HK) is reportedly among some 20 suitors that may acquire News Corp's SNS MySpace, alongside MySpace founder Chris De Wolfe and the company's senior management. Read More
MySpace has reportedly been in discussions with a number of local internet firms about selling off its Shanghai subsidiary after the Chinese New Year holidays beginning January 29, according to an industry source. Read More
A number of Chinese social game developers are reportedly considering shifting their business overseas in the face of developmental difficulties in China. Read More
Industry sources have reported that Chinese internet portal operator Tencent (0700.HK) may be the company set to acquire U.S.-based SNS website Friendster at the end of the month for at least USD 100 mln. Read More
A spokesperson for online social networking service MySpace China has confirmed that the company's CEO, Luo Chuan, will soon leave his position. Read More
Online community site Tianya is currently in talks with investors on what may be the final round of funding before a 2009 IPO. Read More
Sources say that the direct cause of the breakdown between Tudou and CCTV.com is the Shutdown Order Regarding Punishment of Tudou for Illegal Online Video Broadcasting issued by the State Administration of Radio Film and Television (SARFT) to Shanghai broadcasting authorities on February 24. Read More
A new version of CCTV's Olympic website (http://2008.cctv.com) went live today, as did a joint social networking channel created by MySpace China and CCTV, "My Olympic Friends" (http://myspace.2008.cctv.com). Read More