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Tencent-Cloudary Merger Reshapes Chinese Online Publishing

Tencent has confirmed its long-rumored merger of Cloudary, the online publishing business of Shanda. Both companies internally yesterday announced their joint venture, named Yuewen Group, which will include all online publishing sites and digital reading services owned by the two, as first noted by Tencent’s online news site QQ.com. Tencent thus will become the biggest online book […]