With only USD13.9 million in gross revenues for the first quarter ended March 31, 2011, Linktone's just-released financial results show a precipitous drop year-on-year from USD19 million it recorded in 2010 and a decline of about USD2.2 million from the previous quarter ended December 31, 2010.

Days after announcing a drop in mobile revenue for last year, Chinese wireless value-added services firm Linktone Ltd. has now announced a new acquisition of a Singapore company.

Jointly invested by the Shanghai Synergy Culture and Entertainment Group, Shanghai Jingwen Investment and Sony, China's first blue-ray disc production line has been put into production in Shanghai.

The world's leading electronics retailer Best Buy (BBY) has started to sell its self-owned brand LCD TVs in China for the first time and those TVs are only available in Best Buy's stores.

Guangdong Bureau of Quality and Technical Supervision has released a report on a special audit of DVD players in Guangdong Province and the overall pass rate was only 42.9%.

Chinese electronics retailer China 3C Group has signed a product distribution agreement with Juda Group, a Chinese consumer electronics goods manufacturer.

Eleven Chinese disc manufacturers, including TCL, Malata and Desay, have been authorized by Blu-ray Disc Association to produce Blue-Ray discs, CDs, and disc players next year.

China Netcom (CN), one of the fixed line telecom service providers in China, has started a new program to hop into the Internet video market by signing agreements with eight media agents and content providers as strategic partners for the program.

Anwell Technologies has sold their Blu-Ray Disc replication system to InfoSmart, to be installed in InfoSmart's Hong Kong plant making it the first Blu-Ray Line in commercial use in Greater China.