Couple of online-media related deals in China:
– Tom Online Acquires Literature Website: Chinese online literature website Huan Jian Shu Meng was recently acquired by Chinese online and mobile portal company Tom Online. HJSM currently has over two million registered users, 20,000 novels and has seen up to 20 million daily page views.
– Enjoy Media Buys Online Ad Company: Hong-Kong-based Enjoy Media has bought out a 60 percent share in Jinan HuiZhi Advertising, the largest online advertising firm in Shandong province, China, for $1.13 million. Its clients include Sina, Sohu, Tencent QQ and China 169.
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