Check out the new Chinese weekly online magazine, Memedia, a cooperative effort among over 100 (and counting) prominent Chinese bloggers.  It looks like a blog but at present is a weekly, with hopes to eventually become a daily.  So far, issues no. 1 and 2 offer super condensed, link-heavy news about web, tech, media, and international events--it's a mirror of the collective wisdom of the participants, with links leading back to blog posts on their own sites.  Memedia describes itself as follows:

Coming from the combination of three terms, Me/Meme/Media. Memeda will provide interesting things, important things, diverse things, for us to enjoy together....

This is an open, collaborative project.  Each person has the opportunity to contribute, and you can participate in our public Skype channel, providing clues to news or introducing your latest discovery.