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Chinese search engine company Baidu Inc. and the German luxury car maker BMW have signed an agreement to jointly develop and operate technical products related to in-car information system search services.
CHINA'S most popular online video website Youku narrowed its loss in the second quarter as advertising revenue jumped.

The company's net loss shrank 55 percent from the same period last year to US$4.4 million...
TUDOU, China's second-largest video website, looks set to finally list in the United States after its initial public offering plan was interrupted for more than half a year because of a divorce case involving its founder and Chief Executive Gary Wang.

Tudou aims to sell 5.6 million shares at US to US each on Nasdaq to raise as much as US0 million if over-subscription occurs, according to a ren
Alibaba Group Holding Ltd reached an agreement on Friday with Yahoo! Inc and Softbank Corp, its largest shareholders, ending a four-month spat over how to compensate investors after an ownership change in China's most popular online-payment service.

Alibaba, which transferred the Alipay unit to a company controlled by Chairman Jack Ma last year, will get as much as billion if Alipay sells sha
SHANDA Entertainment will invest an additional 100 million yuan (US.51 million) this year on cloud computing services for start-up firms and research organizations, the Nasdaq-listed firm said yesterday in Shanghai.

It followed Alibaba Group's recent announcement that it will kick off cloud computing services online and for mobile phones.
A local university teacher has created an uproar by telling his students to bring iPads to class and advising those without the device to give up choosing his class, which he called "a luxury."

His comments on Weibo stirred heated debate and many criticized him for looking down on the poor. University authorities have begun looking into the case after yesterday's public outcry and sa
China's industry regulator will not shut down online mapping services provided by Google Inc and Microsoft Corp, the State Bureau of Surveying and Mapping said on Friday.

The remarks - the first time the regulator has firmly denied that it intended to close the companies' online mapping services - has banished concerns that Google may have to cancel its service in China, which has been losing
China's sovereign wealth fund is reportedly looking to buy a stake in Facebook.

Business Insider, citing a source at a fund that buys stock from former Facebook employees, claimed yesterday that the Chinese buyer hopes to see if it could buy a stake large enough "to matter" of Facebook, the most popular social networking website in the world with 700 million users.

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