Shanda Literature, the Internet literature subsidiary of Shanda Interactive Entertainment Limited, has acquired the Chinese Internet literature website Rongshu.com, with a shareholding ratio of over 51%.

According to Liu Qiangdong, chairman of the Chinese B2C e-commerce platform 360buy.com, the company is expected to realize annual sales of over CNY4 billion in 2009.

Japan's Toshiba and Jiangsu-based Nantong Fujitsu Microelectronics have signed a memorandum of understanding to set up a system LSI chip assembly and testing joint venture in Wuxi.

According to an executive from Beijing Wuxian Xunqi Information Technology Company, the exclusive operator of China Mobile's 12580 comprehensive service platform, the company plans to launch its initial public offering in the next one or two years.

Chinese media is filled today about news that Wang Wei, founder and CEO of the Chinese online video company Tudou.com, has denied a rumor of plans for his company to go public.

Feeding an appetite in the West for Chinese Internet company stocks, a new initial public offering is ready to ignite.

CDC Software Corporation, a subsidiary of China-based CDC Corporation, announced the pricing of its initial public offering of 4,800,000 American depositary shares, each representing one share of its class A ordinary shares, at USD12.00 per ADS.

Chinese online gaming firm Changyou.com Limited has announced its unaudited financial results for the second quarter ended June 30, 2009.

CDC Corporation's subsidiary CDC Software Corporation is finally making its initial public offering by offering 4.8 million shares in the USD11.00-13.00 estimated price range in the United States.

According to Chen Min, vice president of the Shenzhen-based PC company Hasee Computer, with the improvement of the cross-strait relationship, Hasee will enhance cooperation with Taiwan and the company is considering setting up a research and development center on the island.

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

According to Wang Jianzhou, chairman of China Mobile, the company plans to get back from the Hong Kong share market and seek a listing in Shanghai.

Hong Kong's Hutchison Telecommunications International Limited has announced the successful spin-off and listing of the company's Hong Kong and Macau operations on the main board of the Hong Kong stock exchange.

China-based CDC Corporation has officially announced plans to launch an initial public offering for its enterprise software subsidiary.

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.