eLong Inc (NASDAQ: LONG), China's second largest online travel service provider, posted ¥481.9 million in revenues and ¥20.6 million in net profits for 2010, up from ¥357.9 million and ¥19.9 million recorded for 2009. It had developed partnerships with 17,200 hotels in China by the end of 2010, up from 9,800 a year earlier.
Shanda Interactive Entertainment Ltd (NASDAQ: SNDA) has established Capital to invest in mobile Internet startups in their early or mid stage, head of investments Wu Feng wrote in his Sina microblog.
Ku6 Media Co (NASDAQ: KUTV), a online video site owned by Shanda Interactive Entertainment Ltd (NASDAQ: SNDA), will form a strategic partnership with the video site of China's official Xinhua News Agency, said Ku6 vice president Chen Feng.
PetroChina Co (NYSE: PTR, SHA: 601857, HKG: 0857) said it has secured a deal to supply China National Aviation Fuel Group Corp. No more details were available.
The9 Ltd (NASDAQ: NCTY), a Shanghai-based online game developer and operator, said it signed a deal with Walt Disney Co to operate games with the latter's cartoon characters in China.
China Eastern Airlines Corp (NYSE: CEA, SHA: 600115, HKG: 0670) said it would launch China's first direct flight to Rome, Italy on March 29.
China Life Insurance Co (NYSE: LFC, SHA: 601628, HKG: 2628), the nation's biggest insurer by market value, posted a monthly record of ¥45 billion in premium incomes in January, up 7.66% year on year.
$1 = ¥6.58
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