Perfect World to Sell Its Chinese Online Reading Business to Baidu for RMB 191.5M

Perfect World (NASDAQ: PWRD ) today announced that it has entered into a definitive agreement to sell Beijing Huanxiang Zongheng Chinese Literature Website Co., Ltd., the entity that operates Perfect World's Chinese online reading business, to Beijing Baidu Netcom Science Technology Co., Ltd. (NASDSQ: BIDU) for a total