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Chinese internet company Baidu (Nasdaq: BIDU) has announced that single-month revenue from the company's exclusively licensed 3D browser game Danao Tiangong crossed RMB 100 mln in January, becoming Baidu's first browser-based game to break the 9-digit monthly revenue barrier. Read More
China's General Administration of Press and Publication (GAPP) has approved the new World of Warcraft expansion pack, Mists of Pandaria, for online operations, according to People's Daily Online. Read More
Industry sources reported recently that four major Chinese portals -- Sina (Nasdaq: SINA), Sohu (Nasdaq: SOHU), Tencent (0700.HK), and Netease (Nasdaq: NTES) - purchased on-demand broadcast rights, rather than live broadcast rights, for coverage of the upcoming London Olympics. Read More
A source at an online portal site involved in talks with China Central Television (CCTV)'s national online TV station, CNTV, reported to the National Business Daily today that CNTV will resell new media broadcast rights to 2012 London Olympics coverage according to a three-tiered system of plans. Read More
Beijing-based online game developer and operator Perfect World (Nasdaq: PWRD) today announced that it has adjusted its Q3 2011 revenue guidance to RMB 702-741 mln, or a 21-28% YoY decrease, compared to previous guidance of RMB 756-803 mln. Read More
Chinese global enterprise software and new media company CDC Corporation (Nasdaq: CHIND) today announced its financial results for H1 2011. Read More
Fuzhou-based online game developer and operator NetDragon Websoft (0777.HK) today announced its unaudited interim financial results for the period ended June 30, 2011. Read More
According to the Ministry of Culture's online game content review system, Shanghai EaseNet Network Technology, the subsidiary of Chinese internet company Netease (Nasdaq: NTES) responsible for operating World of Warcraft, has received written approval for Cataclysm, the third WoW expansion pack, via the MoC's "2011 Online Game Import Document No. 15." Read More
Chinese online game developer and operator Shanda Games (Nasdaq: GAME) has announced that the SNS for its self-developed MMORPG Legend of Immortals has attracted over 5 mln registered users, and the game has become one of Shanda Games' top five games in terms of daily revenue. Read More
Liu Yang, CEO of Beijing-based browser game developer and operator 51wan, has announced that the company has completed a second round of funding jointly led by French investment firm Ventech Capital and JAFCO Asia. Read More