Chinese interactive entertainment media company Shanda Interactive Entertainment Limited has announced that it plans to launch its own smartphone product in March or April 2012. The new smartphone product will reportedly adopt similar sales methods and channels as the company's e-book reader Bambook, and the price of this new product is temporarily set at CNY999. [...]

Cloudary Corporation, the wholly-owned Internet literature subsidiary of Shanda Interactive Entertainment Limited, has announced a strategic investment in Byread.com, a Chinese mobile reading platform, and the two parties will implement cooperation in providing copyrighted contents in China. According to official statistics from Cloudary, at present Cloudary has put over 10,000 books on the client of [...]

The Open Data Center Alliance announced that China Unicom Group has joined the steering committee of the organization, and Chinese search engine Baidu.com has become a contributor member. Steering committee members are responsible for charting the course of the Open Data Center Alliance. China Unicom Group joins BMW; Capgemini; China Life; Deutsche Bank; JPMorgan Chase; [...]

China-based Ku6 Media Company Ltd., which previously flew its technology media brand under the name Hurray Holding, announced that its net loss narrowed as it presented unaudited financial results for the third quarter ended September 30, 2010. Total revenues from the company's continuing operations, representing advertising revenues contributed by online video portal and online radio [...]

Shanda Literature, the Internet literature subsidiary of China's Shanda Interactive Entertainment Limited, has announced that it has acquired the Chinese digital periodical website Zubunet.com. According to Shanda Literature, Zubunet.com's resources will be integrated into its Cloudary, which is a cloud library, and will further achieve a seamless access to its electronic reader product Bambook. With [...]

China's Ku6 Media Company Ltd., which boasts a new focus on Internet video services after dumping its poor wireless services offerings and its old name of Hurray, today announced its unaudited financial results for its second quarter ended June 30, 2010. On August 17, 2010, the company announced that it changed its name to Ku6 [...]

Shanda Interactive Entertainment has decided the final retail price of CNY999 for its electronic reader product Bambook, and a new reservation system has been launched for the marketing of this new product. Bambook will be officially launched on September 28, 2010, with an updated software version. Prior to this, the product was put into the [...]

Chinese online game firm Shanda Interactive Entertainment Limited announced that it has completed its business swap with Ku6 Media Company Limited. The companies entered into the transaction on June 1, 2010. Ku6 has now acquired 75% of an online audio business from Shanda in exchange for 415,384,615 newly issued ordinary shares of Ku6, and it [...]

According to Tan Qunzhao, chairman and CEO of the Chinese online game developer and operator Shanda Games, the company plans to launch several games for Apple's iPhone handsets and iPad tablet computers in the third quarter of 2010.
According to reports in local media, Tan explained that these games will mainly target overseas users. Because Apple [...]

The once-postponed mobile phone reading service of China Telecom will now reportedly be formally launched in late July 2010.
An insider revealed to the local media that the related departments of China Telecom have started planning and deploying resources for the launch of this new service and the company will set up a mobile reading base [...]

Shanda Literature, the online literature subsidiary of China's Shanda Interactive Entertainment, has reportedly registered and established a subsidiary in Singapore, aiming to expand into the English-language digital and mobile e-book reading market.
According to information from 163.com, Hou Xiaoqiang, CEO of Shanda Literature, revealed that 30% of Shanda Literature's website clicks now come from overseas Chinese [...]

Shanda Interactive Entertainment has set up a new subsidiary, Guoke Electronics, to be in charge of the research and development of its new e-book product "Bambook".
According to reports in Chinese local media, Shanda is expected to integrate the resources of this newly established subsidiary with those of Shanda Literature, the Internet literature subsidiary of the [...]

According to Cctime.com, a Chinese communications industry portal, 30 Chinese mobile service providers, including Hurray and Sohu, have been punished for various irregular operations in recent weeks in Shandong.
The website reported that these 30 service providers are involved in irregular service billing, fake promotions, irregular operation of short message order services, non-standard pricing, and confusing [...]

The rumors from last week are correct: Chinese online video service Ku6.com has been purchased [...]

Chinese telecom operator China Mobile has reached cooperation with ten Chinese content providers to jointly promote the development of the mobile phone reading industry.
The partnership was formed at China Mobile's mobile phone reading summit held in Hangzhou. Participants of the summit include executives from traditional Chinese publishers and literary websites such as China Publishing Group, [...]

On the same day Chinese online game company Shanda Interactive Entertainment Limited announced that Bruno Wu had resigned from the company's board of directors, Chinese wireless value-added services firm Hurray Holding Company Ltd. revealed the appointment of Wu to their own board.
"We highly appreciate Bruno's dedication and contribution to Shanda's fast growth over the years. [...]

Ending weeks of speculation and public whining, Chinese online gaming firm Shanda Interactive Entertainment Limited is planning to buy a majority stake in wireless value-added services company Hurray.
Chen Tianqiao, chairman of the board of Shanda, stated, "We respect the work by Hurray's board and management and their efforts in defining Hurray's strategies and direction and [...]

Embattled Chinese wireless value-added services firm Hurray Holding Company Ltd. says its total revenues plummeted 18.5% quarter-over-quarter to USD11.8 million as it announced its unaudited financial results for the first quarter ended March 31, 2009, and stated it would not continue to provide quarterly guidance.
The company's USD11.8 million in total revenues was also a decrease [...]

Best Prospect Overseas Limited's Jacky Tung has bedeviled Chinese wireless value-added services firm Hurray with another open letter that practically begs for more acquisition talks.
Addressing the open letter to Qindai Wang, chairman of Hurray, Tung responds today to Hurray's press release of May 14, in which the company says it is not interested in a [...]

After days of rumors and press releases surrounding possible acquisitions of China's beleaguered wireless value-added services firm Hurray, the company has issued a statement about where it stands on the issue.
The statement reads: "Hurray! Holding Co. Ltd. announced that it had received from Best Prospect Overseas Limited an expression of interest in acquiring a 51% [...]