On the Investor Village’s AAPL Sanity web board, it was revealed that Apple has sold about 120,000 iPad devices.  Customers seemed to prefer the cheaper WiFi only iPad over the WiFi plus 3G model.  “Apple has been able to generate over $75 million in revenue in one day on a product that 99.9% of purchasers haven’t touched or for that matter, even seen in person,” stated Valcent Financial Group analyst Victor Castroll. “And, we’re still three weeks away. That is amazing.” [Fortune]

Google has made plans to shut down their Chinese search engine.  According to a source with FT.com, Google is “99.9 percent” certain that they will be shutting down the Chinese search engine because of failure to make an agreement over censorship.  Google is attempting to find ways to keep operations going in China somehow, but Chinese authorities have been resistant.  “If [Google] takes steps that violate Chinese laws, that would be unfriendly, that would be irresponsible, and they would have to bear the consequences,” stated Li Yizhong, the minister for industry and information technology.  Google still hopes to stay in the country despite the fate of Google.cn.  [FT.com]

As part of the pre-order commencement yesterday, an additional feature was announced for the Apple Inc. (NASDAQ:AAPL) iPad.  The iPad will have the ability to read EPUB books out loud.  On the iBooks page, Apple stated “iBooks works with VoiceOver, the screen reader in iPad, so it can read you the contents of any page.”  The problem with this feature is that many people protested against the Amazon.com Kindle text-to-speech feature.  This led to a debate between the Authors Guild and the National Federation of the Blind with Amazon.com.  Will this result in a clash between Apple with Authors Guild and the National Federation of the Blind too?  Hopefully not. [Wired]

Betaworks is an incubator firm that is based in New York.  The incubator firm has raised $20 million in a second round of funding.  Betaworks primarily invests in web startup companies.  The firm was started by AOL veterans John Borthwick and Andrew Weisman.  So far Betaworks has made investments in about 24 companies including Bit.ly, TweetDeck, Twitterfeed, and Chartbeat.  The investment was led by Intel Capital.  RRE Ventures, Softbank, Founders Collective, AOL Ventures, DFJ Growth, and The New York Times also participated.  The last round of funding was $8 million. [GigaOm]

Google Inc. (NASDAQ:GOOG) has launched an extensions option within the Google Wave Navigation menu.  As of right now, Google Wave is still an invite-only service.  The gallery of extensions is intended for users to discover tools that developers are making with APIs.  The gallery is a set of waves that contain extension installers. “As a tip, you can also use the waves in the gallery to share a direct link to your extension’s installer with other Google Wave users — simply open the installer and copy-and-paste the URL (note: the panel arrangement and search query are included in the URL, but can easily be edited out),” stated Google Wave Product Manager Dan Peterson.  [Google Wave Developer Blog]

ProStor is a company that develops devices such as removable hard disks.  Imation Corporation has invested $5 million into ProStor earlier this week.  As part of the agreement, Imation has made a licensing agreement with ProStor for the company’s RDX removable disk format.  Imation signed a 10 year license extension on RDX, giving them the rights to manufacture, market, and sell the technology.  [TechRockies]

Hunch is a startup service that allows users to answer questions using crowd-sourcing techniques.  Khosla Ventures is rumored to be leading a $10-$12 million round of funding in Hunch.  Other investors include General Catalyst Partners, Bessemer Venture Partners, and Ron Conway.  Hunch was started by Caterina Fake, the co-founder of Flickr.  Chris Dixon is also a co-founder in Hunch.  Dixon started SiteAdvisor and sold it to McAfee in 2006.  Hunch receives about 1.2 million uniques per month according to internal numbers. [AllThingsD]

Sonos is a Santa Barbara based wireless music company.  They sell devices that can wireless play music around your house using an iPhone, iPod, FM tuner, or other music player.  Sonos also has an iPhone app that allows you to control the music player controls. The company has raised $25 million in recent funding, led by Index Ventures.  Mike Volpi has joined the board of directors as a a result of the funding.  [VentureBeat]