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China's Youku.com Acquires Trade Lead For CNY112.9 Million

According to a 20-F form recently submitted to the U.S. Securities and Exchange commission by the Chinese video website Youku.com, the company has completed the acquisition of a 95% stake in the overseas copyright service provider Trade Lead for CNY112.9 million. Meanwhile, Youku.com gained the holding rights to Zhejiang Dongyang Tianshi Cultural Broadcasting Company via [...]

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55tuan.com To Operate Ganji.com's Group Buying Business

China's Ganji.com and 55tuan.com have jointly announced that 55tuan.com has become the operator of Ganji.com's group buying business. The Chinese classified information website Ganji.com said that it has reached a strategic cooperation with 55tuan.com and the company will team with this professional group buying website in the operation of its group buying business. Currently, Ganji.com's [...]

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China's 99bill.com Launches New Online Payment Brand

Chinese third-party Internet payment company 99bill.com announced that it will launch a new brand image and its new brand core value will focus on providing professional and effective liquidity management solutions to enterprises. Guan Guoguang, chief executive officer of 99bill.com, told local media that the company is actively developing the traditional businesses of e-commerce and [...]

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Xiaomi To Release Second-generation Product In H2 2012

Li Wanqiang, vice president for the Chinese smartphone maker Xiaomi, has revealed to local media that the company plans to launch the second-generation Xiaomi smartphones in the second half of 2012, aiming at sales of over 10 million units. Li said that compared with the first-generation products, the second-generation Xiaomi smartphones will have improved production [...]

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China Mobile Launches IPv6 Trial Across Nine Provinces

China Mobile has created a complete end-to-end IPv6 transition plan, covering its access network, carrying network, supporting systems, devices, and businesses. According to Zhou Jianming, general manager for China Mobile's technology department, the Chinese telecom operator is planning a large-scale IPv6 trial, which has already been launched in nine provinces across China. Zhou told local [...]

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