Chinese Internet company Tencent Holdings Limited has announced that it will invest USD26.95 million to acquire 49% of the issued shares of Level Up.

Chinese Internet security software provider Qihoo 360 announced that its 360Safebox software will be integrated into Uuu9.com, a Chinese portal for gaming information.

Chinese online game developer and operator The9 has announced with smartphone maker Sony Ericsson that starting this month The9 will be the exclusive operator and technical supporter for Sony Ericsson's PlayNow application store in China.

Information from China Game Industry Annual Conference held in Xi'an, capital of Shaanxi province, revealed that the market scale of the Chinese game industry reached CNY44.61 billion in 2011, a year-on-year increase of 34%.

Rovio, developer of the gaming application Angry Birds, reportedly plans to launch IPO in Hong Kong in 2013.

Chinese online game developer and operator Changyou.com Limited and its majority shareholder Sohu.com Inc. have jointly announced that the two parties have entered into a definitive agreement under which Changyou.com will acquire 17173.com, a leading gaming information portal in China, from Sohu.com for USD162.5 million.

Perfect World Company Limited, an online game developer and operator in China, has formed a new joint venture with Nexon Korea Corporation, a global online entertainment company and publisher of micro-transaction-based massively multiplayer online games, to manage and operate online games in South Korea.

Chinese Internet firm NetEase.com Inc. announced its unaudited financial results for the second quarter ended June 30, 2011.

Chinese online game developer and operator has announced that it has invested EUR35 million to acquire a 100% stake in Cryptic Studios, an online game developer owned by Atari.

Chinese Internet company Kingsoft has published its unaudited financial results for the first quarter of 2011, stating that its net operating revenue declined by 6% year-on-year from CNY245 million to CNY231 million; and its net profit declined by 25% from CNY89.74 million to CNY66.89 million.

Chinese wireless value-added services and digital entertainment company KongZhong Corporation announced its unaudited first quarter 2011 financial results.

Chinese Internet company Tencent has gained the rights to operate Blade & Soul, a new online game developed by the South Korean company NCsoft, on the Chinese mainland.

Chinese online game and Internet services company NetEase.com Inc. announced its unaudited financial results for the first quarter ended March 31, 2011.

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.

Chinese Internet company Tencent has formed a strategic alliance with Intel and Razer to develop a new RazerSwitchblade handheld device with Tencent's games.