• Tencent launches a $759 million fund for online games. The fund is aimed at acquiring new sources of revenue growth in the online gaming market. Tencent, the sole investor in the fund, wishes to reinforce its position as a major Chinese virtual services provider. http://bit.ly/h4yCfW
• Nokia partners with Tencent and SINA. The partnership is aimed at using Tencent and SINA’s vast online community to bring location-based services (check-ins and recommendations) to Nokia’s Ovi maps. The partnership forms a strategic base for Nokia to create partnerships with established brands to extend services which has already taken off in the US. http://bit.ly/dHUyYD

