Chinese online news and video media service Phoenix New Media Limited filed its F-1 statement with the United States Securities and Exchange Commission in a bid to raise up to USD200 million in an initial public offering.

CCTV.com and Phoenixtv.com have together formed an alliance for the protection of the copyrights of online video programs in China.

Liu Changle, chairman and executive president of the Hong Kong-based Phoenix Satellite Television Holdings Limited, has announced the group's report for the third quarter of 2008, which states its total revenue reached about HKD1.038 billion during the first nine months of the year — a year-on-year increase of 21.5%.

OpenV.com, a Chinese video network service website, announced that the company has become a video partner of Cmse.gov.cn, the official website of China Aerospace Science and Technology Corporation, the unit that was responsible for the launch of the Shenzhou-7 spacecraft in September 2008.

According to the semi-annual report of Phoenix TV, the company realized revenue of HKD675 million in the first half of 2008, a year-on-year increase of 21.9%; and its interim net profits were HKD173 million, a year-on-year increase of 39.7%.

Ifeng.com, the authorized online broadcaster of Phoenix Satellite TV's programs, has sued Ku6.com, one of China's leading video websites, for "maliciously" uploading programs of Phoenix and gaining illegal profits through these programs.