The Chinese "one-trick pony" online game operator The9 has confirmed that it will cut 300 employees who previously worked on the operation of World of Warcraft game.

Chinese online game developer Shanda Interactive Entertainment Limited has announced its unaudited consolidated financial results for the first quarter ended March 31, 2009.

According to information from Shanghai's court website, Chinese online game operator The9 is targeting the American game developer Blizzard Entertainment in two lawsuits which involve property loss compensation and commercial defamation, respectively.

Proving that hype surrounds the maxim that online game companies can mount profit offensives in even the worst economic times, Chinese online game developer Giant Interactive Group Inc. has reported a sequential profit drop of 20.1% as it announced its unaudited financial results for the first quarter ended March 31, 2009.

Chinese online entertainment and game developer Shanda Interactive Entertainment Limited says it plans to have its online business go public in the United States.

Chinese online game and portal operator NetEase.com has recently reported the latest transition situation of World of Warcraft and said that upon the completion of the transition, non-activated recharge cards of the game will be expired.

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.

Chinese Internet and game development company NetEase.com Inc. says its online advertising and wireless service revenues fell as it announced its unaudited financial results for the quarter ended March 31, 2009.

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.

Chi Yufeng, chairman and CEO of the Chinese online game operator Perfect World, has confirmed with local Chinese media that the company has invested CNY15 million in a webgame company in Chengdu to extent its online community business.

Promoted and drafted by Shanghai Information Service Association, China's first major online game service local standards have been published in Shanghai, with the aim of offering management regulations to the Chinese online game market and protecting the interests of both online game users and game companies.

IDGVC Partners and Infiniti Capital are splitting a USD20 million investment in a Chinese mobile gaming developer.

Market research firm Analysys International has published its report on China's online game market in the first quarter of 2009, which states the revenue of China's online game market reached CNY5.514 billion, an increase of 8.3% compared with the previous quarter.

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.

Chinese online game developer Changyou.com Limited has announced its unaudited financial results for the first quarter ended March 31, 2009, just weeks after its initial public offering.