Huayi Brothers have acquired a 51% stake in Maizuo.com, a Chinese movie information and tickets provider, for CNY266 million. Of the total investment, Huayi Brothers acquired a 15% stake from Matrix Partners for CNY53.85 million; it acquired a 24.40% stake from shareholders of Maizuo.com for CNY116 million; and the company invested an additional CNY96.2 million […]

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 […]