According to a notice issued by Baidu.com to its clients, the company will gradually close its search engine advertising bid ranking system, which has been operating for eight years.

According to a report in the Wall Street Journal, the Chinese government hopes to pre-install web censoring software in PCs sold in China after July 1 to block some banned websites.

According to an insider, China's NetEase.com is planning to upgrade its website department to a business department, which will have its independent content, sales, marketing, and administrative systems.

Chinese online game developer and operator The9 (NCTY) has announced that to protect the interests and rights of the company and its shareholders, its board of directors has approved a poison pill plan against hostile takeover.

Rumors are swirling in Chinese media today that Gong Yu, chief operating officer for the Chinese Internet portal Sohu.com (SOHU), will soon depart from his position.

Chinese search engine Baidu.com (BIDU) has signed an agreement with UiTV.com, an online broadcaster in China, to invest the resources of its movie channel v.baidu.com into UiTV.com for CNY100 million and a 8.3% stake in UiTV.com.

Chinese Internet search engine Baidu.com (BIDU) has signed a strategic cooperative agreement with Hexun.com to develop Baidu's finance area and offer a better comprehensive financial information service to its users.

American electronics retailer Best Buy (BBY) plans to cut the number of its new store openings in China this year following an announcement of a 6.8% decline in its profit in the first quarter of the year.

Access to Chinese online video provider 56.com has been suspended since 18:00 on June 3, but the company has denied this has something to do with a rumored shutdown by China's State Administration of Radio, Film and Television. Instead the company attributes the suspension to a server malfunction.