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China to Issue Third-Party Payment Cash Reserves Regulations

Sina Tech, 10/29/12

Speaking at the 9th China International Finance Forum (CIFF) in Shanghai on October 28, Sun Hui, inspector and director of the No. 1 Division for Financial Services at the PBoC's Shanghai headquarters, revealed that formal regulations and related provisions for the management of cash reserves for third-party payment organizations will be rolled out in the near future. Read More

Kingsoft Game Studio Denies Layoff Rumors

Tencent Tech, 11/25/10

Gao Song, a spokesperson for Beijing-based software developer Kingsoft's (3888.HK) Shangshui Studio, said there was no chance of the studio being disbanded, as had been rumored, and noted that after closed beta testing of the studio's 2.5D MMORPG Du Gu Jiu Jian ends, the studio will set up a new project, meaning that the studio will not be disbanded. Read More