Hotsales Network Information Technology Company, the largest network channel agent in Shanghai, is rumored to be Google's (GOOG) new AdWords agent.

Both companies have not issued formal statements, but local media are running rumors via sources at Hotsales.

Hotsales is located in the Shanghai Zhangjiang Development Zone Pudong Software Park. It was started in 2000 by Liu Xiaoguang, now the general manager of the company, with a CNY20000 loan. In the past years, the company has seen rapid growth as search technologies and search companies grow.

The company has 400 staff and has worked as an agent for major portals including Netease (NTES), Sina (SINA), Sohu (SOHU), and Yahoo (YHOO).