Chinese smartphone maker Xiaomi has announced plans to acquire the MSNLite team, which will focus on the research and development of the PC version of Xiaomi's instant messaging application after the acquisition.

Ma Huateng, chairman and chief executive officer of Tencent, has announced plans to invest USD1 billion in its independently operated e-commerce holding company.

Chinese Internet company Tencent revealed in its financial report for the first quarter of 2012 that the company acquired a 13.84% stake in KakaoTalk, a South Korean mobile communication application, for CNY403 million.

Chinese Internet company NetEase.com has announced the official launch of its instant messaging product for corporate users.

Chinese social networking site Renren.com has reportedly formed a strategic partnership with MSN China in sectors including social networking, instant messaging service, and open platform development.

Chinese Internet company Tencent has announced at its e-commerce annual meeting that the company plans to launch a B2B2C platform in the fourth quarter of 2011.

Chinese Internet company Tencent has published its unaudited financial report for the second quarter of 2011, stating that its overall operating revenue reached CNY6.739 billion, an increase of 6.3% compared with the previous quarter and an increase of 44.3% compared with the same period last year.

Tencent will incorporate Avira's Internet security scanning engine and core technology into Tencent's QQ Computer Manager 5.0 Anniversary Preview Edition.

Chinese Internet giant Tencent has announced that it is cooperating with China Telecom and five mobile phone manufacturers in the launch of six smartphone products, which have the embedded QQ-service platforms.

Chinese online travel service provider eLong Inc. reported its unaudited financial results for the first quarter ended March 31, 2011, and said Tencent made a strategic investment in the company.

Huawei Device, a subsidiary of the telecom equipment maker Huawei Technologies, and the Internet company Tencent have reached strategic cooperation; and the first project jointly developed by the two parties — HiQQ smartphone — has been officially launched.

Tencent Holdings Limited announced the launch of their QQ International instant messenger product.

Chinese Internet company Tencent and the security solutions provider Kaspersky have reached a cooperation agreement to jointly develop the Chinese mobile phone security sector.

Qi Xiangdong, president of Qihoo 360, revealed during a local media interview that China's Ministry of Industry and Information Technology and Ministry of Public Security have interfered in the dispute between his company and Tencent.

According to reports in local media, the Chinese Internet portal NetEase.com is in contact with MSN China and intends to take a 50% stake in MSN China from Shanghai Alliance Investment.