Shanda Interactive Entertainment has set up a new subsidiary, Guoke Electronics, to be in charge of the research and development of its new e-book product "Bambook".

According to Cctime.com, a Chinese communications industry portal, 30 Chinese mobile service providers, including Hurray and Sohu, have been punished for various irregular operations in recent weeks in Shandong.

Chinese online game developer and publisher Shanda Games Limited announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2009, and stated net revenues increased 39% year-over-year and 5% quarter-over-quarter to a record high of CNY1.33 billion.

According to ifeng.com, an initiative has been launched in China to enable parents to supervise computer games that their children play.

Shanda Literature has acquired Readnovel.com, following recent acquisitions of several other Chinese literature websites, including Qidian.com, Hongxiu.com, Jjwxc.net, and Rongshuxia.com.

Another Chinese New Year is upon us, and this year we transition into the Year of the Tiger. As Chinese businesses begin to shut down until the beginning of March 2010, we've stared at the eye of the tiger and risen to the challenge of figuring out the trends for this coming year.

Shanda Games Limited announced over the weekend that Diana Li has resigned as the company's chief executive officer and a member of the board of directors to pursue other interests.

China's Ministry of Culture has published "2009 China Online Game Market White Paper", which reviews the general development and management of China's online game industry in 2009 and reveals authoritative data for the industry.

Two of Shanda Interactive Entertainment Limited's subsidiaries have been busy this week doing an acquisition and hiring a new executive, respectively.

China-based online game developer Shanda Games Limited and Kingsoft Corporation Limited are planning a joint venture to develop online games.

Shanda Literature, the Internet literature subsidiary of Shanda Interactive Entertainment Limited, has acquired the Chinese Internet literature website Rongshu.com, with a shareholding ratio of over 51%.

Chinese video website Youku.com is riding the Chinese online video bubble with an announcement that it has just completed its latest round of financing and gained USD40 million from private equity firms.

Shanda Literature, the Internet literature subsidiary of Shanda Interactive Entertainment Limited, has announced that it plans to sue the Chinese search engine company Baidu.com in January 2010, because Baidu.com includes a large number of online pirated literature works, which infringe the rights and interests of Shanda Literature.

Can you believe it's already been 10 years!? ChinaTechNews.com, and its previous incarnations of China Internet Forum and China Internet Update, started in 1999 and burst out onto the scene in a big way in 2000 — we have witnessed the entire decade of technology tribulations and techno-fads in China!

Li Yu, CEO of the Chinese online game operator Shanda, has confirmed that the company and Kingsoft will jointly operate the online game JX3 Online developed by Kingsoft.