Jun 30, 2009
Shanda (Nasdaq: SNDA) online literature site Shanda Literature and China Mobile (NYSE: CHL; 0941.HK) value-added services (VAS) subsidiary ASPire Technologies will form a strategic partnership to jointly host the first "3G Original Fiction Exhibition," which will seek to attract creative fiction for the mobile phone by offering RMB 1000 per character for licensing rights.
Following the Ministry of Culture's new regulations for virtual currencies, online game developer Storm Entertainment posted an urgent announcement on the official website for its game Yuyan Online saying that starting July 1, it would shut down "treasure chest" functionality, and recommending that in the run-up to July 1, users of the "treasure chest" service divest themselves of their virtual currency as soon as possible.
Fan Zhijun, acting director for the north China region at consumer electronics and home appliances retailer Suning (002024.SZ), has revealed that consumer preference research conducted by Beijing Suning during the government's nationwide rural subsidy for appliances "old for new" promotion on June 20 found that among all of the old products being traded in for new ones, television sets were foremost, accounting for upwards of 40% of all requests, while computers accounted for only 8.82%.
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