• Buys Majority Stake In Gaming Company 7Road For Up To $100 Million, one of China’s leading online media, search and gaming companies, this morning announced that its MMORPG subsidiary is to acquire a majority stake in Shenzhen 7Road Technology (“7Road”), an online games developer and publisher. Changyou will acquire 68.26% of the equity of 7Road for approximately $68.26 million in cash (see how that works?), plus… Read More

  • Baidu Confirms New Ad-Supported Online Video Venture

    Chinese Internet search giant Baidu this morning announced plans to set up a new independent company to provide licensed, advertising-supported online video content to Chinese Internet users. Reuters earlier this week caught wind of the company’s plans to launch the Hulu-like destination site, and also reported that Hulu investor Providence Equity Partners was going to have a… Read More

  • Claims Exclusive Internet Advertising Rights For Beijing Olympics

    Chinese portal (and NASDAQ listed) is claiming exclusive internet advertising rights for the Beijing Olympics, resulting in a dispute between Chinese internet companies. paid $30 million in 2005 for the rights to host the games website for the Beijing Olympics and to use the logo of the event, however is now claiming the deal includes exclusive rights to host all advertising… Read More