MySpace.cn has confirmed its Chinese name is Juyou which means getting friends together.

Former MSN China CEO Luo Chuan joined MySpace in 2006 and released the first test version of MySpace.cn in April 2007. The company itself was called Mai Sibei, but MySpace.cn had no Chinese name until now. Many people were confused into thinking Mai Sibei was the Chinese name of MySpace.

Chinese SNS site 0-6.com today confirmed that the company has received $2 million in venture funding from DT Capital Partners and an undisclosed Japanese investor. Founded by Yun Ma, who also founded another SNS site Yeeyoo, 0-6.com mainly targets mothers of children under 6 and provides an online community for them to record and share experience of raising the babies.

Youku announced today that the company has entered into an exclusive partnership with social networking site MySpace China. According to Victor Koo, CEO of Youku, the partnership will enable MySpace to leverage Youku’s technology to offer user-generated video contents and other video streaming services. On the other hand, MySpace China will complement Youku’s online community offerings. Overall, the partnership will help both companies to drive traffic to their respective properties. Launched in December 2006, Youku provides online video-sharing services in China. As of November 2007, the company has completed 3 rounds of venture financing, receiving $40 million from investment institutions such as Brookside Capital, Sutter Hill Ventures and Chengwei Ventures.

Video-sharing site Tudou has formed a partnership with music label SonyBMG. This follows on a separate agreement Tudou inked with MySpace China and CCTV for the 2008 Olympics online broadcast rights last week.

Video sharing site Tudou and Myspace China have signed partnership agreements with CCTV.com, the online derivative of Chinese Central TV station to broadcast the 2008 Beijing Olympics. In addition, Myspace and Tudou will provide an online platform for Olympics viewers to interact with athletes and with each other.

Chinese game company 9You announced the launch of its first virtual world product GTown. Developed in-house by 9You, GTown offers a 3D interactive online community platform. Unlike many other virtual worlds such as Second Life, GTown users can download additional game software packages to play 9You’s existing casual games through the virtual world.

One of Japan’s largest social networking service (SNS) site Mixi.jp announced today that the company will open an office in Shanghai, its first in China. Founded in 1997, Mixi.jp launched its SNS service in 2004 and went public in 2006.

At the end of 2007, China’s Ministry of Information Industry (MII) issued a law requiring online video sharing sites to have controlling interests owned by state enterprises. The law was put into effect on January 31, 2008.

MySpace China today launched its open software development platform, which will allow developers to offer software plug-in for the social networking site. The platform is compatible with the Google’s OpenSocial and developers can also launch their software on other sites supporting such set of APIs.

Chinese SNS site 360Quan recently acquired $5 million in venture funding for its second round of financing. The investment was from Koolanoo, an investment group focused on China’s new media. According to 360Quan, the proceeds will be used to improve its R&D capabilities and improve its customer experience.