Chinese interactive entertainment media company Shanda Interactive Entertainment Limited has announced that it plans to launch its own smartphone product in March or April 2012.

The B2C e-commerce website Dangdang.com reportedly plans to launch a new e-book business channel in the second half of December 2011.

Cloudary Corporation, the wholly-owned Internet literature subsidiary of Shanda Interactive Entertainment Limited, has announced a strategic investment in Byread.com, a Chinese mobile reading platform, and the two parties will implement cooperation in providing copyrighted contents in China.

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.

Shanda Interactive Entertainment Limited has started the beta tests of its new microblog product, Tuita.com.

Ku6 Media Company Ltd., the Internet video subsidiary of Shanda Interactive Entertainment Limited, has announced that the shareholders of Pipi.cn, a leading P2P Internet video platform in China, have agreed to sell all shares to Ku6 in exchange for 2,212,114,257 Ku6 ordinary shares.

China's Shanda has announced its launch a new navigation site, Tuan.sdo.com, for group buying websites.

Chinese Internet video company Ku6.com has announced that Li Shanyou, founder and chief executive officer of Ku6.com, has resigned for career development reasons; however, he will still be director of the company and will offer operational guidance for Ku6.com.

Chinese Internet games company Shanda Interactive Entertainment Limited announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2010.

Chinese online video portal Ku6 Media Company Ltd., which was formerly named Hurray Holding Company Ltd., said it widened its net losses as it announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010.

The Open Data Center Alliance announced that China Unicom Group has joined the steering committee of the organization, and Chinese search engine Baidu.com has become a contributor member.

Bambook, the electronic reader product launched by China-based Shanda Literature, will soon experience a major functional upgrade allowing the device to render PDF files.

Mochi Media, a Flash game development platform owned by Shanda Games, has issued an open letter, claiming that the Chinese Internet company Tencent has pirated its games.

China's Xinhua News Agency and Shanda Interactive Entertainment Limited have signed a comprehensive strategic cooperation framework agreement for media cooperation.

According to rumor spreads on the Chinese Internet, Shanda Interactive Entertainment Limited, a top interactive entertainment media and online game company in China, plans to cut over 400 employees.