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

Chinese social networking site Renren.com, previously known as Xiaonei.com, has reached strategic cooperation with the international mobile phone maker Nokia.

Joseph Chen, chairman of Oak Pacific Interactive, has announced that the group will change the name of its social networking service website Xiaonei.com to Renren.com.

China's Ministry of Culture has published a notice on its official website, stating that it will start to investigate gang-themed illegal online games in China.

Chinese social networking service developer Oak Pacific Interactive, the owner of Xiaonei.com and Kaixin.com, is reportedly preparing for the launch of its third SNS website, Hi.mop.com.

Chinese social networking service developer Oak Pacific has acquired 23.7% of the floating shares of Nasdaq-listed travel website eLong.com for USD18.5 million and the two sides are considering business cooperation, says CEO of Oak Pacific Joseph Chen.

The Chinese Web 2.0 company Oak Pacific Interactive has announced the opening of its social networking site Kaixin.com to developers.

China's leading social networking services website Xiaonei.com has announced plans to open its Internet payment system application program interface, making it the first SNS website that has opened its payment system to third parties.

Chinese social networking website Xiaonei.com, which is owned by Oak Pacific Interactive, has announced the launch of its Open Platform program that will for the first time allow third-party developers to provide applications to the more than 22 million Xiaonei.com users.

Chinese Web 2.0 company Oak Pacific Interactive's Xiaonei.com announced on the cusp of the Chinese May 1 Labor Day holiday that its hard work had paid off in the amount of a US$430 million infusion of capital.