Chinese budget hotel chain 7 Days Inn — not to be confused with a similarly named American chain whose old moniker was Days Inn — has announced the trial operation of a social networking site "Happy 7 Days" at its official website.

The world's top tourism review website TripAdvisor has officially launched its Chinese website, Daodao.com, offering Chinese travelers with local information, reviews and recommended hotels.

GigaMedia Limited is bringing Korea's Luna Online to mainland China via an exclusive licensing arrangement.

Proving perhaps that Internet communities are local, and foreign interlopers have difficulty breaking into new markets, South Korea's largest social networking website Cyworld has announced its decision to withdraw from the Taiwanese market.

Shanda's (SNDA) business unit Shanda Games has made investments into Shanghai Wei Lai Information Technology Co. Ltd and Shanghai Cai Qu Network Technology Co. Ltd, under its "18 Plan".

China's Web 2.0 community website Tianya.cn has launched a lottery sales platform, on which users can buy lottery tickets and withdraw lottery prizes via the Internet.

Chinese online game developer Giant Interactive's (GA) unaudited financial results for the first quarter ended March 31, 2008 show net revenue was CNY471.6 million, an increase of 48.7% over the first quarter 2007 and an increase of 8.5% over the fourth quarter 2007.