Chinese multi-platform media company SearchMedia Holdings Limited says it has reached settlement agreements for the arbitration between the company and certain of its predecessor shareholders.

Chinese online recruitment company 51job Inc. announced its unaudited financial results for the fourth quarter of 2010 and for the fiscal year ended December 31, 2010.

Chinese search engine company Baidu Inc. has launched the internal beta version of its new media player product.

Huanqiu.com, the website sponsored by Global Times, has confirmed to Chinese media that it will cooperate with the Internet video website Ku6.com to launch a new online movie channel.

As the first batch of designated targets, ten Chinese mainland news websites will get listed in the A-share market in China.

The Foreign Correspondents' Club of China, an association based in Beijing comprised of journalists representing non-Chinese media, has issued an alert because some of its members have reportedly had their email accounts hacked.

Chinese digital media group Focus Media has announced that the company and its subsidiary Allyes will implement a management buyout, acquiring a 38% stake in Allyes for USD13.3 million.

Chinese digital media and advertising company Focus Media Holding Limited has announced a couple of key executive appointments.

While print publishing is on the decline in the West, China is still seeing growth in the sector.

Faced with weakened prospects for online media and booking services in the Chinese travel sector, companies and organizations have banded together to get through the difficult financial time.

Chinese telecommunications operator China Mobile has announced that the company has invested NTD17.77 billion, which is about CNY3.6 billion, in acquiring a 12% stake in the Taiwan-based telecommunications company Far Eastone Telecommunications.

Local Chinese media this week proclaimed that the logo for China Unicom's 3G business has been revealed in a promotional animation published on the website of its local branch in Wuxi.

The situation has been less than perfect in recent days at Chinese online game company Perfect World (PWRD) as it now fights rumors that its CEO is planning to depart the company.

At the China Game Industry Annual Conference 2008, a report on China's game industry for 2008 was released with information that the actual sales within China's online game industry in 2008 was CNY18.38 billion, a year-on-year increase of 76.6%.

Chinese digital media and advertising company Focus Media (FMCN) announced its unaudited financial results for the third quarter ended September 30, 2008 and warned that the next few quarters might be tough for advertising in China.