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.

Hong Kong-based enterprise software and new media firm CDC Corporation announced financial results for the fourth quarter and year ended December 31, 2009, and stated total revenue in the quarter was USD83.0 million, compared to USD76.6 million in the third quarter of 2009.

Showing that Chinese businesses were slow to hire new employees in 2009, Chinese online recruitment company 51job Inc. just revealed its unaudited financial results for the fourth quarter of 2009 and for the fiscal year ended December 31, 2009, and stated that revenues fell 5% from 2008.

Chinese online and mobile media company Sina Corporation announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009.

Chinese Internet company NetEase.com Inc. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009, and showed large annualized and sequential revenue increases.

Amidst news of a major security breach and the fleeing of its chief technology officer, Chinese search engine Baidu.com has managed to post increased profit for the end of 2009.

According to local media reports, rival Chinese video websites Youku.com and Tudou.com have formed an alliance and jointly launched a new online video joint broadcast model, sharing the copyright of each other's exclusive videos.

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

Chinese search engine firm Baidu Inc. is launching a new company to provide advertising-supported online video services in China.

Chinese digital media company Focus Media Holding Limited announced its unaudited financial results for the third quarter ended September 30, 2009, and stated that its revenue and profit both dropped during the quarter that saw much restructuring.

Chinese online recruitment company 51job Inc. has posted its unaudited financial results for the third quarter of 2009 ended September 30, 2009.

Chinese online media and mobile services company Sina Corporation announced its unaudited financial results for the quarter ended September 30, 2009.

Chinese search engine company Baidu Inc. announced its unaudited financial results for the third quarter ended September 30, 2009, and stated though its revenue rose, it forecasts weakness in the Chinese Internet sector.

Chinese digital media company Focus Media Holding Limited stated its net loss from continuing operations was USD44.5 million as the company announced its unaudited financial results for the second quarter ended June 30, 2009.

Initiated by Sohu.com, Joy.cn, and Union Voole Technology Company, a new anti-piracy alliance that is co-founded by 110 Chinese Internet video copyright owners has been launched in Beijing.