Marbridge Daily

<- May 03, 2011 ->

Featured Articles

Renren Raises IPO Share Price

SEC, 4/29/11

Beijing-based social networking site operator Renren Inc., formerly Oak Pacific Interactive, has amended its IPO filing with the U.S. Securities and Exchange Commission to raise its initial share price range to between USD 12 and USD 14 per American Depositary Share (ADS).   Read More...

Rumor: Shanda's Cloudary to Raise USD 500 Mln in IPO

DoNews, 5/03/11

Chinese online media provider and game operator Shanda Interactive's (Nasdaq: SNDA) wholly owned online literature subsidiary, Cloudary Corporation (formerly known as Shanda Literature), reportedly plans to raise up to USD 500 mln in an initial public offering on a U.S. stock exchange in the second half of 2011.   Read More...

Lekutian Begins Online Book Sales

Tencent Tech, 5/03/11

Chinese online e-commerce site Lekutian.com, operated by Chinese internet company Baidu (Nasdaq: BIDU) and Japanese e-commerce retailer Rakuten, recently began offering books, with 20 bookstores opening storefronts on the platform.   Read More...

Rumor: E-Commerce Outsourcing Firm Xilang Receives USD Funding

Tencent Tech, 5/03/11

A source inside Hangzhou-based e-commerce services outsourcing provider Xilang Information Technology has revealed that the company recently obtained an eight-figure USD sum in new funding.   Read More...

35% of iOS Devices in China Are Jailbroken

Sohu IT, 5/03/11

According to recently released figures from mobile application analytics platform Umeng, one of Chinese venture capital firm Innovation Works' start-up firms, 34.6% of iOS devices in China are jailbroken.   Read More...

Suning Q1 2011 Profit Up 27% YoY

Shenzhen Stock Exchange, 4/30/11

Chinese electronics retailer Suning (002024.SZ) has released its financial results for the first quarter of 2011, with operating revenues reaching RMB 20.58 bln, up 23.2% YoY.   Read More...

 

Telecom

MIIT Chief Engineer Forced to Step Down

China News, 4/29/11

The Communist Party Leadership Group of China's Ministry of Industry and Information Technology (MIIT) resolved recently to strip former chief engineer Su Jinsheng of his responsibilities.   Read More...

Xinmao S&T Records Q1 2011 Loss of RMB 20 Mln

Shenzhen Stock Exchange, 4/30/11

Chinese conglomerate Xinmao Group's fiber optics subsidiary, Tianjin Xinmao S&T Investment (000836.SZ), has announced its financial results for Q1 2011, with revenue up 20.5% YoY to RMB 213.49 mln.   Read More...

Huawei Applies to Establish Taiwan Subsidiary

Sina Tech, 5/02/11

Chinese telecom equipment and terminal manufacturer Huawei recently submitted an application with Taiwanese authorities to establish a Taiwan subsidiary in order to strengthen ties with local supply chain partners.   Read More...

 

Wireless

China Unicom Lowers International Roaming Fees

Beijing Times, 5/03/11

China Unicom (NYSE: CHU; 0762.HK; 600050.SH) yesterday revealed that it will reduce international roaming fees for users traveling to more than 50 countries and territories, cutting rates by 50%-90% for more than twenty destinations.   Read More...

Kingtone, China Unicom Partner on Mobile Police Solutions

PR Newswire Asia, 5/02/11

Chinese wireless software solutions provider Kingtone Wirelessinfo Solution Holding (Nasdaq: KONE) has announced that it has been selected by China Unicom (NYSE: CHU; 0762.HK; 600050.SH) as an industrial application cooperative partner for mobile police solutions as well as mobile news collecting and editing solutions.   Read More...

China's Mobile E-Mail Active Accounts Reach 57 Mln

Trunkbow, iCafe8 Partner on Mobile Payment Solutions

PR Newswire, 4/29/11

Beijing-based wireless value-added services (WVAS) and mobile application provider Trunkbow International (Nasdaq: TBOW) has announced that it has entered into a strategic cooperation agreement with Hangzhou-based Internet cafe platform operator Shunwang Technology (iCafe8) (300113.SZ) to offer mobile payment applications and services for Internet cafe owners and individual users.   Read More...

TCL Communication Q1 2011 Profit Up 159% YoY

TCL Communication, 4/29/11

Chinese handset manufacturer TCL Communication Technology (2618.HK) has announced its unaudited financial results for the first quarter ended March 31, 2011, with revenues up 44% YoY to HKD 2.12 bln.   Read More...

Ningbo Bird Q1 2011 Profit Up 309% YoY

Shanghai Stock Exchange, 4/30/11

Chinese handset manufacturer Ningbo Bird (600130.SH) today announced its financial results for the first quarter of 2011, with revenue down 58.9% YoY to RMB 117.42 mln.   Read More...

Qiao Xing Universal Appoints New CFO

PR Newswire, 5/02/11

Chinese mineral resources and handset manufacturing firm Qiao Xing Universal Resources (XING) (Nasdaq: XING) has announced the appointment of Jiang Jiujiu as the company's new Chief Financial Officer, effective immediately.   Read More...

AsiaInfo-Linkage Continues to Upgrade Its 3G E-Channel Portal

PR Newswire, 5/2/11

Chinese telecom software solutions and IT security products and services provider AsiaInfo-Linkage (Nasdaq: ASIA) yesterday announced continued progress in the company's upgrades to China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) 3G nationwide e-channel portal that will help Unicom coordinate nationwide 3G sales and services.   Read More...

Telestone CEO Purchases 100K Shares

PR Newswire Asia, 5/02/11

Chinese wireless communication coverage solutions provider Telestone Technologies Corporation (Nasdaq: TSTC) yesterday announced that Han Daqing, Telestone's chairman and Chief Executive Officer, has completed an initial purchase of 100,000 shares under his Rule 10b5-1 plan.   Read More...

Newland Q1 2011 Profit Up 34% YoY

Shenzhen Stock Exchange, 4/30/11

Chinese bar-code solutions provider Newland Computer (000997.SZ) has announced its financial results for the first quarter of 2011, with revenue up 25.6% YoY to RMB 285.08 mln.   Read More...

China Telecom Selects Wooboo as App Store Ad Partner

Spforum, 5/03/11

Chinese mobile advertising firm Wooboo announced recently that it had formed a strategic partnership with China Telecom (NYSE: CHA; 0728.HK), under which it will serve as the exclusive operations partner for the E-Surfing advertising platform, a subsidiary of the operator's E-Surfing Space App Market.   Read More...

The9 Mobile Gaming Center Focuses on Free-to-Play Games

DoNews, 5/03/11

Shen Guoding, VP of Shanghai-based online game developer and operator The9 (Nasdaq: NCTY), recently disclosed that the newly-launched The9 Game Zone (m.the9.com) mobile gaming center will pursue a market strategy focused on free-to-play games.   Read More...

Playlithium Mobile Game Beats Angry Birds in iTunes Rankings

TechWeb, 4/28/11

Shanghai-based mobile game developer and publisher Playlithium's iPhone game, King of Frogs, surpassed megahit Angry Birds in the U.S. rankings for puzzle games last week.   Read More...

Chinese Telecom Operators Release App Store Statistics

Marbridge Consulting, 5/03/11

China's telecom operators have released updated statistics detailing the number and type of mobile apps offered on their app stores (China Mobile's (NYSE: CHL; 0941.HK) Mobile Market, China Telecom's (NYSE: CHA; 0728.HK) E-Surfing Space App Market, and China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) Wo Store) as of April 29, 2011.   Read More...

China Mobile Releases Updated Mobile App Ranking

Marbridge Consulting, 5/03/11

China Mobile's (NYSE: CHL; 0941.HK) Mobile Market app store has released an update to its mobile application rankings as of April 29, 2011.   Read More...

China Unicom Releases Updated Mobile App Ranking

Marbridge Consulting, 5/03/11

China Unicom (NYSE: CHU; 0762.HK; 600050.SH) has released a monthly ranking for applications offered on its Wo Store mobile app store as of April 29, 2011.   Read More...

China Telecom Releases Updated Mobile App Ranking

Marbridge Consulting, 5/03/11

China Telecom (NYSE: CHA; 0728.HK) has released the monthly ranking for applications on its E-Surfing Space App Market mobile app store as of April 29, 2011.   Read More...

China Mobile Releases App Store Mobile Game Ranking

Marbridge Consulting, 5/03/11

China Mobile (NYSE: CHL; 0941.HK) has released rankings for the mobile games offered in its Mobile Market mobile app store as of April 29, 2011.   Read More...

China Unicom Releases App Store Mobile Game Ranking

Marbridge Consulting, 5/03/11

China Unicom (NYSE: CHU; 0762.HK; 600050.SH) has released a monthly rankings for the mobile games offered in its Wo Store mobile app store as of April 29, 2011.   Read More...

China Telecom Releases App Store Mobile Game Ranking

Marbridge Consulting, 5/03/11

China Telecom (NYSE: CHA; 0728.HK) has released the monthly ranking for mobile games on its E-Surfing Space App Market mobile app store as of April 29, 2011.   Read More...

China Mobile Gaming Portal Issues Mobile Game Ranking

Marbridge Consulting, 5/03/11

China Mobile's (NYSE: CHL; 0941.HK) mobile game portal has released its "Mobile Game Weekly Download Ranking" as of April 29, 2011.   Read More...

China Telecom Gaming Portal Issues Mobile Game Ranking

Marbridge Consulting, 5/03/11

China Telecom's mobile gaming portal has released its "Ranking of Recommended Mobile Games" as of April 29, 2011.   Read More...

 

Internet

Longtop CFO Resigns from Renren Board

China News, 5/03/11

Derek Palaschuk has resigned as an independent director and head of the auditing committee of Beijing-based social networking site operator Renren Inc., according to overseas media reports.   Read More...

Baidu Head of Key Accounts to Join E-Commerce Firm

BiaNews, 5/03/11

David Li, Director of Key Accounts for Chinese internet company Baidu (Nasdaq: BIDU), has announced plans to leave the company and join Chinese online men's fashion retailer Masa Maso in June as its new COO.   Read More...

Baidu Actively Investing in Domestic Internet Firms

Tencent Tech, 4/29/11

Jennifer Li, CFO of Chinese internet company Baidu (Nasdaq: BIDU), recently told Bloomberg News that the company has become "more active" in investing in domestic technology firms in an effort to improve its services.   Read More...

Orange Hotel to Sue Google for Trademark Infringement

Sohu IT, 4/29/11

Chen Zhong, marketing director of Chinese hotel chain Orange Hotel, has revealed that the company has gathered evidence of trademark infringement and will soon file a lawsuit against Google for selling keyword search advertising using its trademarks, such as "Orange Crystal" and "Orange Crystal Hotel."   Read More...

Tencent Soso, DNSPod Partner on Site Indexing

CCTime, 5/03/11

Chinese internet giant Tencent's (0700.HK) search engine Soso recently partnered with Chinese domain name service provider and registrar DNSPod.   Read More...

Ctrip Debuts Hotel Booking Group Buy Channel

China Byte, 5/03/11

Chinese online travel service provider Ctrip (Nasdaq: CTRP) announced the launch of a new hotel group buy discount channel today (deals.ctrip.com/group/Default.aspx), marking Ctrip's first foray into discount hotel offerings.   Read More...

CDEL Expands Share Repurchase Program to USD 20 Mln

PR Newswire Asia, 4/29/11

Chinese online education provider China Distance Education Holdings Limited (CDEL) (NYSE: DL) has announced that its board of directors has approved an increase of the repurchase quota under its current share repurchase program by USD 10 mln worth of outstanding American Depositary Shares (ADSs) to a total of USD 20 mln.   Read More...

YLMF to Launch Dongguan Local Information Portal

Tencent Tech, 5/03/11

Dongguan-based operating system developer and Internet portal operator YLMF Computer Technology's local lifestyle portal 769.com ("769 Dongguan") will see its formal launch on May 15.   Read More...

Sina Games Releases 'Most Anticipated Games' Ranking

Sina Games, 4/25/11

Chinese online gaming portal Sina Games has released its "Most Anticipated Games" ranking for the week ending May 2, 2011, with ranking determined by votes cast online by players.   Read More...

Xunlei Releases Game Download Rankings

Xunlei, 5/03/11

Download accelerator software provider Xunlei has released its game client software download ranking for the week from April 25 to May 1.   Read More...

Netease MMO Records New PCU

People.com.cn, 5/03/11

Online game developer and operator Netease (Nasdaq: NTES) recently announced that peak concurrent users (PCU) of its MMORPG Westward Journey Online II reached 1.19 mln on May 1.   Read More...

Tencent to Begin Second-Round CB of FPS

17173.com, 5/02/11

Chinese online game developer and operator Tencent (0700.HK) has announced that it will begin a second round of closed beta testing of its licensed first person shooter (FPS) game War of Zombie on May 2.   Read More...

Huayi Giant to Open New Server for MMO

Sina Games, 5/01/11

Chinese online game operator Beijing Huayi Giant Information Technology, a joint venture between game operator Giant Interactive (NYSE: GA) and film and TV production firm Huayi Brothers (300027.SZ), has announced that it will open a new server for its self-developed 3D fantasy MMORPG King of Kings III on May 6.   Read More...

Giant to Open New Server for MMO

17173.com, 5/02/11

Chinese online game developer and operator Giant Interactive (NYSE: GA) has announced that it will open a new server for its self-developed MMORPG ZT Online II on May 2.   Read More...

Netdragon to Open New Servers for MMO

Sina Games, 4/29/11

Fuzhou-based online game developer and operator NetDragon Websoft (0777.HK) has announced that it opened seven new servers for its self-developed 3D MMORPG Eudemons Online on April 29.   Read More...

Powerleader MMO Hits 100K PCU

People.com.cn, 5/03/11

Shenzhen-based online game developer and operator Powerleader Network (a.k.a ZQGame) (300052.SZ) has announced that peak concurrent users (PCU) of its licensed 3D fantasy MMORPG Xuanwu reached 100,000 on May 3.   Read More...

 

Television

TCL Multimedia Q1 2011 Profit Down 23% YoY

Hong Kong Exchange and Clearings, 4/29/11

Chinese television manufacturer TCL Multimedia (1070.HK) has announced its unaudited financial results for the first quarter of 2011, with revenue down 2.7% YoY to HKD 6.58 bln.   Read More...

Shaanxi Broadcast & TV Q1 2011 Profit Up 16% YoY

Shanghai Stock Exchange, 4/30/11

Provincial cable TV operator Shaanxi Broadcast & TV Network Intermediary (600831.SH) has announced its financial results for the first quarter of 2011, with revenue up 12.5% YoY to RMB 326 mln.   Read More...

 

Hardware & Software

Rumor: Shanda to Release Bambook 2 in Mid-May

Tencent Tech, 5/03/11

According to a source at Nut Shell Electronics, the subsidiary of Chinese online media provider and game operator Shanda Interactive (Nasdaq: SNDA) responsible for the Bambook e-reader, the next-generation Bambook 2 will be announced in mid-May at a price point around RMB 1,000.   Read More...

D.Phone Begins Retailing Motorola Xoom

Tencent Tech, 5/03/11

Chinese mobile phone retailer D.Phone has begun retailing the Motorola Xoom tablet at locations nationwide at a price of RMB 4,999.   Read More...

ZST CEO Responds to Fraud Allegations

PR Newswire Asia, 4/29/11

Zhengzhou-based set-top box and GPS solutions provider ZST Digital Networks (Nasdaq: ZSTN) has announced that its chairman and Chief Executive Officer, Zhong Bo, has issued a letter to shareholders in response to fraud allegations by US-based investment fund Wegener, LLC.   Read More...

UFIDA Records Q1 2011 Loss of RMB 37 Mln

Shanghai Stock Exchange, 4/30/11

Chinese enterprise management software developer UFIDA (600588.SH) has announced its financial results for the first quarter of 2011, with revenue up 36.1% YoY to RMB 472 mln.   Read More...

Tsinghua Tongfang Q1 2011 Profit Up 77% YoY

Shanghai Stock Exchange, 4/30/11

Beijing-based high-tech conglomerate Tsinghua Tongfang (600100.SH) has announced its financial results for the first quarter of 2011, with revenue up 31.4% YoY to RMB 3.86 bln.   Read More...

Great Wall Computer Q1 2011 Profit Down 47% YoY

Shenzhen Stock Exchange, 4/30/11

Chinese computer manufacturer China Great Wall Computer (000066.SZ) has announced is Q1 2011 fiscal results with revenue of RMB 18.6 bln, up 6.4% YoY.   Read More...

 
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