From Reuters (link):
AOL, the online unit of media giant Time Warner Inc., said on Monday it has formed a tie-up with China’s number two media company, one of its first such pairings since it withdrew from the Chinese market in 2003.
Under their new relationship, the broadband content arm of Shanghai Media Group (SMG) will provide material for a Chinese language version of AOL.com aimed at Chinese speakers in the United States.
SMG Broadband will provide the actual material to U.S. firm MediaZone, which is a partner in the AOL Chinese language site.
