Marbridge Daily

<- May 11, 2010 ->

Featured Articles

Rumor: China Mobile Seeks New President

Sohu IT, 5/11/10

China Mobile's (NYSE: CHL; 0941.HK) provincial branches have reportedly gathered today in Beijing to review candidates for the post of president of China Mobile, according to industry sources.   Read More...

China Unicom Unveils LePhone Packages

Sina Tech, 5/11/10

On May 17, Chinese computer and handset maker Lenovo (0992.HK) and China Unicom (NYSE: CHU; 0762.HK; 600050.SH) will jointly begin sales of Lenovo's new LePhone smartphone, with a list price of RMB 2,899.   Read More...

Youku CEO: Profitability In Sight

Tencent Tech, 5/11/10

Victor Koo, CEO of Chinese video site Youku, said recently that the company hasn't yet spent all of its RMB 900 mln in funding, and that website revenue growth is beginning to speed up.   Read More...

Alibaba Chairman: Taobao to Charge Users

Sina Tech, 5/10/10

Jack Ma, chairman of Chinese e-commerce company Alibaba Group, has said that the company's B2C and C2C subsidiary Taobao will definitely charge user fees in the future.   Read More...

China's 2009 Software Piracy Sees Slight Improvement

Sohu IT, 5/11/10

The "2009 Annual Report on Piracy Rates in the Chinese Software Industry" was approved and issued recently, releasing figures for piracy prevalence in the Chinese software industry.   Read More...

Universal Travel Group Q1 2010 Profit Up 21% YoY

PRNewswire-Asia, 5/11/10

Chinese online and offline travel services provider Universal Travel Group (NYSE: UTA) has announced its financial results for the first quarter ended March 31, 2010, with total revenue up 68.5% YoY to USD 26.1 mln.   Read More...

 

Telecom

Huawei Targets RMB 6 Bln Network Equipment Sales in 2010

CCID, 5/11/10

Chinese telecom equipment maker Huawei reached a distribution agreement with transnational electronic component distributor Avnet today under which Avnet will serve as Huawei's general distributor for infrastructure equipment products in the China region.   Read More...

Taiwan Vendors to Visit China's Telcos in June

Sohu IT, 5/11/10

According to Taiwanese media reports, Asustek Computer (2357.TW), Quanta Computer, and nearly 20 other Taiwanese companies will visit the Chinese mainland in early June for business talks with mainland telecom operators - possibly over business partnerships on cloud computing and the OPhone operating system.   Read More...

MIIT Closes Global Conferencing Provider's China Operations

Dzwww.com, 5/11/10

China's Ministry of Industry and Information Technology (MIIT) has shut down global conference call service provider Arkadin's operations in Mainland China for violating articles seven and nine of China's Telecommunications Regulations.   Read More...

 

Wireless

China Telecom's Mobile Reading Service Delayed

CCTIME, 5/11/10

China Telecom's (NYSE: CHA; 0728.HK) previously announced mobile reading service, which was originally slated to go online on April 30, has been delayed due to shortcomings in content.   Read More...

ZTE Aims to Be World's 3rd Largest Handset Vendor by 2015

Sina Tech, 5/11/10

Chinese telecom equipment manufacturer ZTE (0763.HK; 000063.SZ) expects its total terminal shipments to surpass LG within the next four years to make it the world's third largest handset vendor behind Nokia and Samsung, according to foreign media.   Read More...

Baidu Maps Releases Windows Mobile Version

CCID, 5/10/10

Chinese internet company Baidu (Nasdaq: BIDU) has released a Windows Mobile edition of its Baidu Maps client application.   Read More...

Unicom's WAP Service Center Adds Payment Options

Sohu IT, 5/10/10

China Unicom (NYSE: CHU; 0762.HK; 600050.SH) has jointly released a new account payment service on its mobile service center (wap.10010.com) with third-party payment platforms Alipay and Tenpay.   Read More...

Entry-Level Nokia Handsets to Target Rural Users

Chongqing Morning Post, 5/11/10

Nokia's recently released rural information service, Nokia Life Tools, will be pre-installed on two of the handset maker's entry-level mobile phones, the 1616 and 1800.   Read More...

Huawei Completes WiMAX Network in Australia

Huawei PR, 5/11/10

Chinese telecom equipment manufacturer Huawei and Australian wireless broadband operator vividwireless today announced the launch of Australia's first commercial WiMAX network in Perth.   Read More...

 

Internet

Rumor: Facebook Poaches Google China Staff

Sohu IT, 5/11/10

Facebook has reportedly recruited Google China engineers familiar with the China market for its newly established Asia project team, several of whom have already left for Facebook's U.S. headquarters.   Read More...

CCTV.com to Restructure for IPO

DoNews, 5/11/10

Wang Wenbin, general manager of CCTV's online portal CCTV.com, said that the company is currently preparing its long-term plan for a public listing.   Read More...

Ku6 VP Denies Resignation Rumor

DoNews, 5/11/10

Yao Jianjiang, VP of Shanda Interactive's (Nasdaq: SNDA) video site Ku6, denied recent rumors that he would be leaving the company, and speculated that the rumors could have been spread by one of Ku6's competitors.   Read More...

Sohu Secures World Cup Rights from CNTV

Sohu IT, 5/11/10

Chinese internet company Sohu (Nasdaq: SOHU) has confirmed that it has obtained online video-on-demand rights from China Network TV (CNTV) to all 64 finals of the 2010 World Cup in South Africa, as well as the opening and closing ceremonies, match highlights and related programs from CCTV.   Read More...

XSEL Records Q4 2009 Net Loss of USD 296 Mln

XSEL PR, 5/11/10

Xinhua Sports & Entertainment Limited (Nasdaq: XSEL) has announced its unaudited financial results for the fourth quarter and full year ended December 31, 2009, with net revenues for Q4 2009 down 25% YoY to reach RMB USD 26.7 mln.   Read More...

Taobao Releases E-Commerce Market Report

Eastday.com, 5/11/10

Chinese B2C and C2C e-commerce company Taobao has released its 2009-2010 China E-Commerce Top Cities Report, listing Shanghai, Beijing, Shenzhen, Hangzhou, Guangzhou, Nanjing, Suzhou, Tianjin, Wenzhou and Ningbo as the top ten cities by e-commerce spending.   Read More...

Rumor: Taobao Shoe Mall Vendors All Aboard

DoNews, 5/10/10

An industry insider says Chinese B2C and C2C e-commerce site Taobao's new B2C "Shoe Mall" finished recruiting sellers before the start of May, and that most of the sellers on board were already sellers on Taobao Mall.   Read More...

Perfect World to Open Servers for MMO

17173.com, 5/11/10

Beijing-based online game developer and operator Perfect World (Nasdaq: PWRD) has announced that it will open two new servers for its self-developed 3D MMORPG, Zhu Xian 2, on May 14.   Read More...

Perfect World to Release New Version of MMO

17173.com, 5/11/10

Beijing-based online game developer and operator Perfect World (Nasdaq: PWRD) has announced that it will release a new version of its self-developed 3D MMORPG, Zhu Xian 2, in June, titled "Xin Shi Jie (New World)."   Read More...

Tencent to Start New-Round CB of MMO

17173.com, 5/11/10

Online game developer and operator Tencent (0700.HK) has announced that it will start a new-round closed beta testing of its self-developed Chinese fantasy MMORPG, Fantastic Melody Online (Huanxiang Shijie), on May 18.   Read More...

 

Television

VisionChina Reports Q1 2010 Net Loss of USD 12 Mln

PR Newswire, 5/11/10

Chinese mass-transit digital advertising operator VisionChina Media (Nasdaq: VISN) has announced its unaudited financial results for the first quarter of 2010, with total revenues reaching USD 23 mln.   Read More...

SinoMedia CFO Resigns

Hong Kong Exchange, 5/11/10

Chinese advertising agency SinoMedia Holding (0623.HK) has announced that CFO Xu Chong (also known as Xu Songzhen) has resigned as CFO effective May 10 due to his desire to pursue other career development.   Read More...

Qingdao to Complete HD DTV Upgrade by Sept

Qilu Evening News, 5/11/10

Qingdao has upgraded nearly 70% of its television networks to HD DTV; the upgrade is expected to be complete in August or September, at which point Qingdao residents will be able to enjoy 7 channels of HD programming - CCTV 1, Beijing Satellite, Dragon TV, Zhejiang Satellite, Hunan Satellite, Heilongjiang Satellite, and Shenzhen Satellite - for free upon the purchase of an HD set-top box (STB).   Read More...

Samsung Sells 3,000 3D TVs in Guangzhou

Sohu IT, 5/11/10

A spokesperson for Samsung's marketing department said that the company sold about 3,000 units of its 3D televisions in Guangzhou during the May Day sales period.   Read More...

 

Hardware & Software

China's 2010 Rural Appliance Sales Break RMB 40 Bln

Ministry of Commerce, 5/10/10

According to the Ministry of Commerce, sales in China's nationwide rural home appliances subsidy initiative reached 20.83 mln units in the first four months of 2010 for a total of RMB 41.71 bln in revenues, up 3.7 times and 5.1 times year-on-year, respectively.   Read More...

China's 2009 Digital Publishing Nears RMB 80 Bln

BianNews, 5/11/10

At the "Forum on Digital Development for Books and Periodicals" held in Beijing yesterday, Zhang Yijun, director of the Department of Technology and Digital Publishing at China's General Administration of Press and Publication (GAPP), said that digital publishing in China was growing at a rate of nearly 50% each year: the value of the digital publishing industry totaled RMB 79.5 bln in 2009, for the first time surpassing the production value of traditional published media.   Read More...

Tsinghua Holdings to Sell Tongfang Shares

Securities times, 5/11/10

On May 8, Tsinghua Holdings, the controlling shareholder of Beijing-based high-tech conglomerate Tsinghua Tongfang (600100.SH), signed a stock transfer agreement with Chinese billionaire Liu Yiqian, to sell Liu a total of 50 mln shares in Tongfang, accounting for 5.12% of the company.   Read More...

CIST Q1 2010 Profit Up 67% YoY

PR Newswire, 5/10/10

Chinese information security and geographic data solutions provider China Information Security Technology (CIST) (Nasdaq: CPBY) has announced its financial results for the first quarter ended March 31, 2010.   Read More...

NIVS Q1 2010 Profit Up 120% YoY

PR Newswire, 5/11/10

Chinese consumer audio and video electronics manufacturer NIVS IntelliMedia Technology Group (NYSE Amex: NIV) announced today that net sales for the three months ended March 31, 2010, were USD 74.1 mln compared to USD 29.3 mln in the comparable prior year period, an increase of 153%.   Read More...

CDC Corporation Records Q1 2010 Net Loss of USD 4 Mln

CDC Corporation PR, 5/10/10

Chinese global enterprise software and new media company CDC Corporation (Nasdaq: CHINA) has announced its financial results for the first quarter of 2010, with total revenue reaching USD 77.8 mln, down 1.3% YoY.   Read More...

Microsoft, Rising Release Custom IE8

Netease Tech, 5/10/10

Microsoft and Chinese security software developer Rising recently released the "Rising Anti-Virus Edition" of Internet Explorer 8 to provide users with secure browsing services.   Read More...

 
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