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Melanie Lee

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CCTV Criticism of China’s Baidu May Mask Competition Issues

Increasing scrutiny into China's top search engine company Baidu by state media is highlighting the fierce competition developing between traditional and new media over lucrative advertising dollars.

Chinese Social Networking Sites Look at IPOs

One of China's largest social networking companies, Oak Pacific Interactive, has hired investment banks for an initial public offering in the United States next year, the first in a rush of Chinese Facebook clones looking to list.

Shanda plans further acquisitions

China's leading Internet firm Shanda Interactive Entertainment aims to buy more digital entertainment platforms and game content developers to diversify its revenue stream.

Alipay predicted to overtake PayPal

China's No. 1 online payment firm Alipay is expected to top eBay Inc.'s unit, PayPal, by transaction value in two years, to become the world's leading e-payment service, Alipay's president said Tuesday.