Marbridge Daily

<- April 29, 2011 ->

Featured Articles

Renren Q1 2011 Loss Reaches USD 2.6 Mln

SEC, 4/27/11

Beijing-based social networking site operator Renren Inc., formerly Oak Pacific Interactive, has announced its Q1 2011 financial results in an update to its IPO prospectus, with net revenues reaching USD 20.6 mln, a 46.6% increase from USD 14.0 mln for the three months ended March 31, 2010.   Read More...

Rumor: Facebook Seeks to Launch Global SNS in China with Baidu

Tencent Tech, 4/29/11

Multiple industry sources have told the Wall Street Journal's digital media blog AllThingsD.com that Facebook is accelerating plans to enter the China market, most likely in partnership with Chinese internet company Baidu (Nasdaq: BIDU).   Read More...

Sina Weibo Contemplating 6 Potential Business Models

Shanghai Evening Post, 4/28/11

At the recent Global Mobile Internet Conference 2011 in Beijing, Charles Chao, president and CEO of Chinese internet company Sina (Nasdaq: SINA), said that his company saw six possible business models for its Sina Weibo microblogging product: interactive, targeted advertising; social gaming; real-time search; wireless value-added services; e-commerce; and premium digital content.   Read More...

Rumor: China Unicom Distributes 60K White iPhone 4s to Retail

Sina Tech, 4/28/11

According to an industry source, on April 27, China Unicom (NYSE: CHU; 0762.HK; 600050.SH) distributed approximately 60,000 white iPhone 4 models to its own retail channels and domestic strategic retail partners, such as home appliance and consumer electronics retailers Gome (0493.HK) and Suning (002024.SZ) and B2C e-commerce platform 360Buy.   Read More...

Rumor: China Mobile Procuring iPhones from Telling

21st Century Business Herald, 4/29/11

Telling Communications, a subsidiary of Chinese handset distributor Telling (000829.SZ), has been China Mobile's (NYSE: CHL; 0941.HK) main supplier of iPhone smartphones, according to an industry source.   Read More...

Aigo to Release RMB 499 E-Reader

Biannews, 4/29/11

At yesterday's International E-Book Industry Forum in Yangzhou, Jiangsu Province, Lei Jun, VP of Chinese consumer electronics company Beijing Huaqi (Aigo), revealed that the company will release a RMB 499 E-ink e-reader sometime later this year, half the price of the lowest-priced e-reader currently on the market.   Read More...

Marbridge on Holiday May 2

Marbridge Consulting, 4/29/11

Marbridge will be closed Monday, May 2 in observance of the Chinese national Labor Day holiday.   Read More...

 

Telecom

Satcom Guomai Acquires Besttone E-Commerce from China Telecom

Hong Kong Exchanges and Clearing, 4/28/11

China Telecom (NYSE: CHA; 0728.HK) has agreed to sell 100% of the share capital in Besttone E-Commerce, the business travel booking service of China Telecom's directory service subsidiary Best Tone, to telecommunications services provider China Satcom Guomai (600640.SH), a subsidiary of China Telecom's parent company, China Telecommunications Corporation.   Read More...

MIIT Announces March 2011 Telecom Capex Statistics

MIIT, 4/29/11

According to China's Ministry of Industry and Information Technology (MIIT), telecom industry capital expenditure increased by RMB 24.77 bln (USD 3.78 bln) in March 2011, with year-to-date capital expenditure reaching RMB 45.76 bln (USD 6.98 bln), up 27.6% YoY.   Read More...

Datang Telecom Records Q1 2011 Loss of RMB 16 Mln

Shanghai Stock Exchange, 4/29/11

Chinese telecom equipment manufacturer Datang Telecom (600198.SH) has announced its financial results for the first quarter of 2011, with revenue up 53.2% YoY to RMB 1.15 bln.   Read More...

AsiaInfo-Linkage Wins China Mobile BOSS Contracts

PR Newswire Asia, 4/28/11

Chinese telecom software solutions and IT security products and services provider AsiaInfo-Linkage (Nasdaq: ASIA) today announced that it has signed five Next Generation Business Operation Support System (NG-BOSS) 3.0 version upgrade contracts with China Mobile (NYSE: CHL; 0941.HK) branches in Gansu , Inner Mongolia, Qinghai , Tianjin and Xinjiang.   Read More...

Sunsea Q1 2011 Profit Up 49% YoY

Shenzhen Stock Exchange, 4/29/11

Shenzhen-based telecom equipment manufacturer Sunsea Telecommunications (002313.SZ) has announced its financial results for the first quarter of 2011, with revenue up 41.1% YoY to RMB 159.21 mln.   Read More...

 

Wireless

Rumor: Beijing Telecom to Launch 3G Push-to-Talk Services

Netease Tech, 4/29/11

According to a source with China Telecom's (NYSE: CHA; 0728.HK) Beijing subsidiary, Beijing Telecom will soon release handsets enabled with professional Push-to-Talk over Cellular (PoC) features for individual users, along with specialized E-Surfing PoC services to be extended to individual 3G users.   Read More...

China's NDRC Reduces Handset Testing Fees

Sina Tech, 4/29/11

China's National Development and Reform Commission (NDRC) recently issued the Memorandum Regarding Regularizing and Lowering Mobile Handset Testing Fees and Related Issues.   Read More...

NetDragon, DeNA Partner on Mobile Games

PR Newswire Asia, 4/28/11

Chinese online game developer and operator NetDragon (0777.HK) announced a strategic partnership with Japanese mobile gaming developer and operator DeNA at the Global Mobile Internet Conference (GMIC) in Beijing today.   Read More...

TechFaith Licenses Titles for 17Vee Game Console

PR Newswire Asia, 4/28/11

Mobile phone solutions provider and mobile and online game developer China TechFaith Wireless Communication Technology (Nasdaq: CNTF) today announced it had signed three major content licensing agreements.   Read More...

MediaTek, Intergrafx Cooperate on 3D Handsets

Yesky, 4/28/11

Chinese mobile device software developer Intergrafx and Taiwanese fabless semiconductor maker MediaTek (MTK) signed a strategic partnership agreement recently under which MTK will license 3D engines, 3D games, and 3D interactive interfaces exclusively from Intergrafx for upcoming high-end feature phones and chipsets for Android smartphones.   Read More...

SinoVoice, Tianxing Release Mobile Game with Voice Recognition

Marbridge, 4/29/11

Beijing-based human-computer interactive (HCI) solutions provider InfoQuick SinoVoice Speech Technology recently announced that it has provided voice recognition technology for Tianxing Huitong Information Technology's self-developed mobile card game "Tianxing Leyuan - Yuyin Doudizhu" ("Tianxing Paradise - Fight the Landlord Voice Edition") for Android smartphones.   Read More...

Letao M-Commerce App Reaches 70K Downloads

CCID, 4/29/11

Chinese B2C online shoe retailer Letao today announced that since its launch on April 25, Letao's mobile application available for iPhone and Android smartphones has been downloaded over 70,000 times, 60,000 of which have been activated.   Read More...

Tencent Launches New Site for Mobile Applications

Tencent Tech, 4/28/11

Shenzhen-based internet company Tencent (0700.HK) upgraded and renamed its erstwhile "Tencent Mobile Software Center" to the "Tencent Application Center" today.   Read More...

Baixing Releases iPhone App for Second-Hand Goods Auctions

DoNew, 4/29/11

Baixing.com, the Chinese online classified listings site formerly known as Kijiji.cn, today announced the launch of a second-hand goods auction mobile application for the iPhone called "Pai le Mai."   Read More...

Huawei Sues ZTE in Europe for IPR Infringement

Huawei PR, 4/28/11

Chinese telecom equipment and terminal manufacturer Huawei today filed lawsuits in Germany, France, and Hungary against domestic rival ZTE (0763.HK; 000063.SZ) for patent and trademark infringement.   Read More...

ZTE Countersues Huawei for IPR Infringement

ZTE PR, 4/29/11

Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) today filed a lawsuit against Chinese telecom equipment and terminal manufacturer Huawei for patent infringement over its 4G LTE wireless technologies in China.   Read More...

ZTE Wins Mobile Network Construction Bid in Malaysia

ZTE, 4/28/11

Malaysian mobile network operator DiGi Telecommunications Sdn Bhd (DiGi) today announced the appointment of Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) (ZTE) to build a unified mobile network that will provide DiGi with a 2G/3G/4G network starting in Q3 2011.   Read More...

Telling Records Q1 2011 Loss of RMB 52 Mln

Shenzhen Stock Exchange, 4/29/11

Chinese handset distributor Telling (000829.SZ) has announced its financial results for the first quarter of 2011, with revenue down 18.1% YoY to RMB 4.53 bln.   Read More...

Panda Q1 2011 Profit Up 113% YoY

Hong Kong Exchanges and Clearing, 4/28/11

Chinese consumer electronics and handset manufacturer Nanjing Panda Electronics (600775.SH; 0553.HK) has announced its financial results for the first quarter of 2011, with revenue up 30.0% YoY to RMB 373.63 mln.   Read More...

Talkweb Q1 2012 Profit Down 24% YoY

Shenzhen Stock Exchange, 4/20/12

Telecom software developer and wireless value-added services (WVAS) provider Talkweb Information System (002261.SZ) has announced its financial results for Q1 2012, with revenue down 9.9% YoY to RMB 87.34 mln.   Read More...

Tatwah Smartech Q1 2011 Profit Up 137% YoY

Shenzhen Stock Exchange, 4/29/11

Chinese contactless integrated circuit (IC) card manufacturer Tatwah Smartech (002512.SZ) has announced its financial results for the first quarter of 2011, with revenue up 29.0% YoY to RMB 56.78 mln.   Read More...

2 more Wireless articles available to premium subscribers.

 

Internet

Tudou Refiles for Nasdaq IPO

SEC, 4/28/11

Chinese online video site operator Tudou Holdings Limited has filed a revised IPO prospectus with the U.S. Securities and Exchange Commission to list American Depositary Shares on the Nasdaq Global Market under the ticker symbol "TUDO."   Read More...

LeTV to Release Music Video Channel

Sina Tech, 4/29/11

Yin Liang, head of Chinese online video site LeTV's (300104.SZ) music division, recently divulged that LeTV plans to begin testing a music channel in May.   Read More...

Sina Microblog Releases "You Both Follow" Feature

CCtime, 4/29/11

Chinese internet company Sina's (Nasdaq: SINA) Weibo microblogging platform recently released a new "You Both Follow" feature that shows users which accounts they and another user both follow.   Read More...

Tencent to Release Children's Animated Film

China Economics, 4/28/11

Chinese internet firm Tencent (0700.HK) has revealed it will soon hold a press conference in Beijing to announce details of its first children's animated film, including the name, characters, and main storyline of the film.   Read More...

Dianping CEO Alleges Rival Exaggerated VC Funding Amount

Shanghai Evening Post, 4/28/11

Zhang Tao, CEO of Chinese online ratings and group-buy LBS Dianping.com, has alleged that a competing group buy site falsely claimed that it obtained USD 110 mln in VC funding, when it reality Zhang believes it received approximately USD 50 mln, or half the publicly announced amount.   Read More...

Group Buy Directory Laqishou to Launch Group Buy Site

TechWeb, 4/29/11

Wang Wei'an, CEO of Chinese group buy directory site Laqishou.com, has announced the company plans to launch a group buy site, Weikou Tuan (Voo.cn).   Read More...

Furniture, Home Textile Brands Open Stores on Dangdang

China News, 4/29/11

Qumei Modern Furniture, Markor Home, Liuli, Yokowoo, Duhub, and other Chinese furniture brands and home textile brands have opened direct-sales stores on Chinese B2C e-commerce site Dangdang's (NYSE: DANG) online mall in recent days.   Read More...

Rumor: CEO of Shanda's Sunshine Media Resigns

China Computer World, 4/29/11

Xu Leilei, CEO of Sunshine Media, the content licensing and distribution subsidiary of Chinese internet company Shanda Interactive (Nasdaq: SNDA), reportedly resigned today and will be replaced by a former executive of Shanda's defunct WVAS subsidiary Hurray.   Read More...

Rumor: Gougou Search Faces Shut Down for IPR Infringement

TechWeb, 4/29/11

Chinese P2P download client maker Xunlei's search engine, Gougou.com, has come under scrutiny by China's Ministry of Culture and State Administration of Radio, Film and Television (SARFT) for copyright infringement, and may be shut down.   Read More...

Baidu Launches Online Travel Information Portal

Sohu IT, 4/29/11

Chinese internet giant Baidu (Nasdaq: BIDU) launched a beta version of its new Baidu Travel (lvyou.baidu.com) site today, marking the Chinese internet company's first move into the online travel market.   Read More...

Rumor: Baidu Ad Clients Disrupt Guangzhou Marketing Conference

Netease Tech, 4/29/11

A recent marketing conference held by Chinese internet company Baidu (Nasdaq: BIDU) in Guangzhou was interrupted by a number of disgruntled SME clients who destroyed furniture and held up a banner reading "Baidu Cheats, Swindles" bringing the meeting to an abrupt end, according to an eyewitness.   Read More...

Chinese Online Real Estate Portal Uuufun to IPO

Shanghai Morning Post, 4/29/11

Shanghai-based online real estate portal Uuufun.com, operated by Shanghai Youfang Information Technology Development Co., Ltd., recently signed Chinese private equity firm Vanvin Capital to assist it in preparations for an IPO.   Read More...

GAPP Confirms WoW Expansion Pack Submitted for Approval

TechWeb, 4/29/11

China's General Administration of Press and Publication (GAPP) confirmed on its website recently that the new World of Warcraft expansion pack, Cataclysm, has been accepted for official review.   Read More...

Netease Announces New MMO

Netease Games, 4/29/11

Chinese online game developer and operator Netease (Nasdaq: NTES) has announced that it will release a new self-developed 3D turn-based MMORPG titled Legend of Fairy.   Read More...

Giant MMO Hits 300K PCU

DoNews, 4/29/11

Chinese online game developer and operator Giant Interactive (NYSE: GA) has announced that peak concurrent users of its self-developed MMORPG ZT Online II reached 300,000 on April 29.   Read More...

Giant to Open New Servers for MMO

17173.com, 4/29/11

Chinese online game developer and operator Giant Interactive (NYSE: GA) has announced that it will open two new servers for its licensed 2.5D Chinese fantasy MMORPG XT Online on April 29.   Read More...

Perfect World, Bank Release MMO-Themed Credit Cards

Beijing Morning Post, 4/29/11

Chinese online game developer and operator Perfect World (Nasdaq: PWRD) signed a brand partnership and marketing agreement with the China Merchants Bank (CMB) recently, under which CMB will release four custom credit cards based on four of Perfect World's self-developed MMORPGs: Perfect World II, Zhu Xian 2, Forsaken World, and Dragon Excalibur.   Read More...

Perfect World to Open New Servers for MMO

17173.com, 4/28/11

Chinese online game developer and operator Perfect World (Nasdaq: PWRD) has announced that it will open two new servers for its self-developed turn-based MMORPG New Fantasy Zhu Xian on April 29.   Read More...

Tencent to Begin CB of MMO

Sina Games, 4/28/11

Chinese online game developer and operator Tencent (0700.HK) has announced that it will begin closed beta testing of its self-developed 3D MMORPG Legend of Yulong on May 18.   Read More...

The9 to Begin CB of MMO

17173.com, 4/29/11

Chinese online game developer and operator The9 (Nasdaq: NCTY) has announced that it will begin closed beta testing of its self-developed 2.5D MMORPG Shen Xian Zhuan on May 5.   Read More...

Netdragon to Release New Expansion Pack for MMO

PR Newswire Asia, 4/29/11

Fuzhou-based online game developer and operator NetDragon Websoft (0777.HK) today announced it has commenced open beta testing of a new Chinese-language expansion pack for its self-developed 3D MMORPG Eudemons Online titled "Edge of Night.   Read More...

Kingsoft to Open New Server for MMO

Sina Games, 4/28/11

Chinese online game developer and operator Kingsoft (3888.HK) has announced that it will open a new server for its self-developed 3D cartoon-style MMORPG CQ Online (Chunqiu Q Zhuan) on April 29.   Read More...

CDC Games to Release New Version of MMO

17173.com, 4/29/11

Chinese online game developer and operator CDC Games, a subsidiary of Chinese global enterprise software and new media company CDC Corporation (Nasdaq: CHIND), has announced that it will release a new version of its licensed side-scrolling 3D fighting game East Fantasy on May 4, titled "Beiguo Chuanqi."   Read More...

50% of Rekoo Revenues from Overseas

Tencent Tech, 4/28/11

Liu Yong, CEO of Chinese SNS game developer Rekoo, has said that more than 50% of Rekoo's revenue is derived from overseas.   Read More...

Object Software Denies British Takeover Rumor

17173.com, 4/29/11

Zhang Chun, president of Beijing-based online game developer and operator Object Software, has denied rumors that the company has been relegated to a wholly owned subsidiary of a British firm due to a valuation-adjustment mechanism (VAM).   Read More...

17173 Releases 'Most Anticipated Games' Ranking

17173.com, 4/29/11

Chinese online gaming portal 17173 has released its "Most Anticipated Games" ranking for the week ending April 29, 2011, with ranking determined by votes cast online by players.   Read More...

SmartCell to Begin Technical Test of MMO

17173.com, 4/29/11

Shanghai-based online game developer and operator SmartCell Technology has announced that it will begin technical testing of its self-developed martial arts MMORPG Jinyiwei on April 29.   Read More...

Yiwei to Begin Unlimited CB of Advanced Casual Game

People.com.cn, 4/29/11

Shanghai-based online game developer and operator Yiwei has announced that it will begin unlimited closed beta testing of its licensed advanced casual game (ACG) Just Sing on April 29.   Read More...

Jidi to Begin Initial Technical Test of MMO

17173.com, 4/28/11

Shanghai-based online game operator Jidi Network has announced that it will begin initial technical testing of its licensed cartoon-style MMORPG Baishe Zhuan on May 5.   Read More...

Linwusoft to Begin CB of MMO

17173.com, 4/29/11

Chengdu-based online game developer and operator Linwusoft has announced that it will begin closed beta testing of its self-developed 3D MMORPG Ling Wu in August.   Read More...

 

Television

China Q1 2011 Cable DTV Subscribers Exceed 93 Mln

CNW, 4/29/11

According to the latest figures from Chinese DTV market research firm Guideline Research, China's cable DTV users reached 93.64 mln as of March 31, 2011, with cable DTV penetration reaching 49.99%, based on 187.3 mln cable TV subscribers nationwide as reported by China's State Administration of Radio, Film and Television (SARFT).   Read More...

Xinlan, China Unicom Jointly Launch Zhejiang Mobile TV

DVB CN, 4/29/11

Zhejiang Radio and TV Group's online video portal, Xinlan (cztv.com), and Zhejiang Unicom have jointly launched Zhejiang Mobile TV.   Read More...

China Television Media Q1 2011 Profit Down 39% YoY

Shanghai Stock Exchange, 4/29/11

Television ad agency and media service firm China Television Media (600088.SH) has announced its financial results for the first quarter of 2011, with revenue down 18.2% YoY to RMB 217 mln.   Read More...

Charm Appoints New Independent Director

Charm PR, 4/28/11

Chinese TV advertising firm Charm Communications (Nasdaq: CHRM) today announced the appointment of Chen Gang as both a member of the board of directors and an audit committee member, and the resignation of Patrick Stahle from the company's audit committee.   Read More...

VisionChina Renews Guangzhou, Shenyang Mass Transit Display Ad Contracts

VisionChina IR, 4/28/11

Chinese mass-transit digital advertising operator VisionChina Media (Nasdaq: VISN) today announced that the company has renewed its exclusive contracts to operate its digital mass-transit display advertising network on the Guangzhou subway for the next five years and on Shenyang buses for the next three years.   Read More...

 

Hardware & Software

Intel Capital Invests in Two Chinese Software Providers

Intel, 4/28/11

Intel Capital today announced it has invested undisclosed amounts in Shenzhen-based cloud storage products and solutions provider United Information Technology (UIT) and healthcare solutions provider B-Soft.   Read More...

IBM, Great Wall Computer Partner on Cloud Computing

Netease Tech, 4/29/11

Chinese computer manufacturer Great Wall Computer (000066.SZ) and IBM announced a strategic cloud computing partnership in Beijing today.   Read More...

TI Opens Distribution Center in Shanghai

TI, 4/28/11

Texas Instruments has officially opened its first product distribution center in China in the Pudong Airport Free Trade Zone in Shanghai.   Read More...

Longtop Expands Share Repurchasing Program to USD 100 Mln

PR Newswire Asia, 4/28/11

Chinese financial services software developer Longtop (NYSE: LFT) today announced that it has increased its previously announced share repurchase program by USD 50 mln, to a total of up to USD 100 mln.   Read More...

Hedy Q1 2011 Profit Up 27% YoY

Shenzhen Stock Exchange, 4/29/11

Chinese computer manufacturer Hedy Holdings (002027.SZ) has announced its financial results for the first quarter of 2011, with revenue down 28.1% YoY to RMB 277 mln.   Read More...

Westone Q1 2011 Loss Exceeds RMB 13 Mln

Shenzhen Stock Exchange, 4/29/11

Chinese encryption and security equipment provider Westone Information Industry Inc (002268.SZ) has announced its financial results for the first quarter of 2011, with revenue up 31.6% YoY to RMB 36.55 mln.   Read More...

Suning to Open 107 Stores for May 1 Holidays

CNfol, 4/29/11

Chinese consumer electronics and home appliances retailer Suning (002024.SZ) has announced plans to open 107 new stores (including renovated stores) in preparation for the May 1 holiday.   Read More...

Sgoco 2010 Profit Up 178%

QuoteMedia, 4/29/11

Fujian-based LCD display manufacturer Sgoco Group (Nasdaq: SGOC) has announced its 2010 financial results with revenue of USD 217.3 mln, up 220.2% YoY from USD 67.9mln.   Read More...

 
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