Liu Hong, co-founder and chief operation officer of Letv.com, revealed to Chinese local media that Yuan Bin, former vice president of online video website Iqiyi.com, has joined the company as co-CTO.

Though already approved by the South Korean government, the merger and integration of MediaTek and MStar is still pending the approval of the Chinese government, according to reports in Taiwanese local media.

Chinese Internet video provider Youku-Tudou Group announced its unaudited financial report for the fourth quarter and the entire year of 2012.

Chinese Internet video provider Youku-Tudou Group confirmed that Yang Weidong, former Nokia executive, has been appointed senior vice president for Youku-Tudou Group and president for Tudou.com.

Chinese Internet video website Tudou.com will invest about CNY10 million to establish a new fund to support the development of original videos and online media.

Yang Yongqiang, chief technology officer of the Chinese Internet video website Letv.com, announced the launch of a new project to support the development of TV applications.

Chinese Internet video website Tudou.com has published its Q2 financial report ended June 30, 2012, stating that the company made losses of CNY154.7 million, which was about USD24.4 million, during the reporting period.

Chinese Internet video company Tudou.com confirmed to the local media that its chief operating officer Evelyn Wang had officially resigned.

Apple has confirmed that it has launched its iTunes store in 12 new markets in Asia, including Hong Kong, allowing its users in these regions to buy and download music and videos more conveniently.

Chinese Internet video website Letv.com and Chinese telecom operator China Unicom have signed a strategic agreement for cooperation in basic communications, development of new products, and marketing.

Chinese Internet video providers Sohu video, Tencent video, and Iqiyi.com have together established an organization named Video Content Cooperation to implement deeper cooperation in resource sharing, platform development, copyright protection and broadcasting sector growth.

According to a 20-F form recently submitted to the U.S. Securities and Exchange commission by the Chinese video website Youku.com, the company has completed the acquisition of a 95% stake in the overseas copyright service provider Trade Lead for CNY112.9 million.

Chinese Internet video website Youku.com has received its Internet Publication License issued by the General Administration of Press and Publication of China.

Taiwanese smartphone maker HTC will pay to gain patent licenses from Intertrust Technologies Corporation; meanwhile, the Taiwanese company will acquire a 20% stake in SyncTV, a subsidiary of Intertrust.

By merging their Chinese online video businesses, the leaders of Youku and Tudou have done something their comrades at other Chinese Internet companies have failed to do. Youku and Tudou have placed their business interests above their egos.