Marbridge Daily

<- May 26, 2011 ->

Featured Articles

Rumor: WoW Expansion Pack Receives Government Approval

Tencent Tech, 5/26/11

The third World of Warcraft expansion pack, Cataclysm, has been approved by Chinese authorities, according to an industry source, and operator Netease (Nasdaq: NTES) will launch the expansion pack soon.   Read More...

Rumor: Baidu to Embed Bing English Search Results

DoNews, 5/26/11

Chinese internet company Baidu (Nasdaq: BIDU) and Microsoft may partner to offer English-language search results from Microsoft's Bing search engine for English-language queries on Baidu, according to an industry source.   Read More...

Rumor: Yahoo Rejected USD 3.5 Bln Offer for 15% of Alibaba Group

Sina Tech, 5/26/11

Yahoo reportedly refused a USD 3.5 bln offer for a 15% stake in Alibaba Group from a group of investors led by Alibaba CEO Jack Ma in early 2011, two industry sources have told Forbes.   Read More...

360Buy Q1 2011 Sales Revenue Up 206% YoY

Sina Tech, 5/25/11

Liu Qiangdong, chairman and CEO of Beijing-based B2C e-commerce platform 360Buy, has revealed that the site's Q1 2011 sales revenue rose by 206% YoY, while the company's net loss in Q1 2011 fell 6% YoY.   Read More...

Rumor: State Council Approves Convergence Trial Draft Plans

Beijing Morning Post, 5/26/11

China's State Council's network convergence leading group has approved draft plans for convergence trials in 12 cities, according to an industry source, although further changes will be made before the plans are publicly announced.   Read More...

China's Jan-Apr 2011 Software Industry Revenue Up 28%

MIIT, 5/25/11

China's Ministry of Industry and Information Technology (MIIT) has released software industry statistics for the January to April period of 2011, with total national software industry revenue up 27.9% YoY to reach USD 482.2 bln.   Read More...

 

Telecom

China to Build National Core M2M Network by 2013

Oriental Morning Post, 5/25/11

China Center for Information Industry Development (CCID) and the Ministry of Industry and Information Technology's (MIIT) Center for Software and Integrated Circuit Promotion (CSIP) revealed during a demonstration event in Beijing yesterday that planning and design for China's core M2M network has been completed, with construction set to begin in Q1 2012 and finish by 2013.   Read More...

China's Telecom Operators Saved RMB 20 Bln Through Infrastructure Sharing

Cww.net.cn, 5/26/11

Xi Guohua, deputy minister of China's Ministry of Industry and Information Technology (MIIT), recently divulged that from September 2008 until the end of 2010, China's telecom industry saved over RMB 20 bln on capital expenditures through construction and equipment sharing.   Read More...

 

Wireless

Tianjin Finishes Number Portability Trials

China Economic Times, 5/25/11

Tianjin completed mobile phone number portability trials on May 23.   Read More...

China Unicom Launches PHS Switchover Promotion

Netease Tech, 5/26/11

China Unicom (NYSE: CHU; 0762.HK; 600050.SH) announced today that it will begin phasing out PHS services in Beijing and other areas.   Read More...

China Mobile's App Store Exceeds 3 Mln Daily Downloads

Sohu IT, 5/26/11

Zhang Xiaoxiong, GM of China Mobile's (NYSE: CHL; 0941.HK) Mobile Market app store, said today that since the operator officially began commercial trial operations of Mobile Market in August 2009, the store has grown to see current daily average downloads exceed 3 mln.   Read More...

SK Telecom to Sell Content in China Mobile's App Store

SK Telecom PR, 5/25/11

Korean mobile operator SK Telecom today announced that content from its T Store app store will be sold via a shop-in-a-shop within China Mobile's (NYSE: CHL; 0941.HK) Mobile Market app store.   Read More...

China Unicom's 3G Data Card Lineup Grows to 16

Netease Tech, 5/26/11

A spokesperson for China Unicom (NYSE: CHU; 0762.HK; 600050.SH) said that, with the company's recent release of two new 21 Mbps data cards, China Unicom now has a total of 16 different 3G data cards on offer.   Read More...

NetQin: 64% of World's Q1 2011 Android Mobile Attacks in China

PR Newswire Asia, 5/26/11

According to recent figures from Chinese mobile security provider NetQin (NYSE: NQ), China hosted 64% of the world's mobile virus and malware attacks on Android devices in Q1 2011, followed by the U.S. (7.6%), Russia (6.1%), India (3.4%), and Indonesia (3.2%).   Read More...

Rumor: MIIT Deputy Director to Replace China Mobile Chairman

Beijing Business Today, 5/26/11

Xi Guohua, deputy minister of China's Ministry of Industry and Information Technology (MIIT), will reportedly soon take over as chairman of China Mobile (NYSE: CHL; 0941.HK), following current chairman Wang Jianzhou's approaching retirement.   Read More...

Sharp China Aims to Sell 5 Mln Smartphones in 2011

Southern Daily, 5/26/11

Imaya Akihiko, Sharp COO for Greater China and chairman of Sharp China, said recently that Sharp would increase marketing of its smartphones in China with the goal of selling 5 mln units this year.   Read More...

Taobao, IDG Offer USD 5 Mln Prize for M-Commerce Apps

Tencent Tech, 5/26/11

Hangzhou-based C2C & B2C e-commerce site Taobao and venture capital firm IDG have announced a USD 5 mln prize for the winning team of the 2011 M-Commerce App Developers Competition.   Read More...

ZTE Targets 120 Mln in Global Terminal Sales in 2011

Sina Tech, 5/26/11

Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) recently announced at the ZTE Analysts Conference 2011 in Shenzhen that the company expects its global terminal shipments to reach 120 mln units in 2011.   Read More...

Mango-Powered ZTE Smartphone Set for Q3 2011 European Release

Sina Tech, 5/25/11

Jeffrey Fan (Fan Jiongyi), vice president of Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ), announced yesterday that ZTE intends to release a smartphone for the European market running the latest version of Windows Phone 7 (Mango) in Q3 2011.   Read More...

Huawei Wins Iceland 4G Network Supply Contract

CCTime, 5/26/11

Chinese telecom equipment manufacturer Huawei and Icelandic telecom operator Nova signed a partnership agreement for a 4G mobile communications network in Reykjavik on May 23.   Read More...

 

Internet

PBoC Issues 27 Third-Party Payment Licenses

Sina Tech, 5/26/11

The People's Bank of China today issued the first batch of national third-party payment licenses to 27 companies.   Read More...

China Southern Airlines Partners with Alipay

TechWeb, 5/25/11

China Southern Airlines and Chinese third-party payment processor Alipay announced a partnership today which brings support for Alipay payment services to China Southern Airline's online ticketing operations.   Read More...

Rumor: Ku6 Found in Violation of China's Labor Laws

China News, 5/26/11

Wireless and TV new media company Phoenix New Media's (NYSE: FENG) iFeng.com today received an SMS from a former employee of Shanda Interactive's (Nasdaq: SNDA) online video subsidiary, Ku6 (Nasdaq: KUTV), claiming government authorities have found Ku6 in violation of China's labor laws.   Read More...

Ku6 to Spend USD 1 Mln on Employee Severance Pay

The Beijing News, 5/26/11

Tony Shen, CFO of Shanda Interactive's (Nasdaq: SNDA) online video subsidiary Ku6 (Nasdaq: KUTV), revealed in yesterday's Q1 2011 earnings call that the overwhelming majority of the USD 1.0 mln non-recurring restructuring charge Ku6 expects to incur in Q2 2011 will go towards compensating laid-off employees.   Read More...

China's State Bureau of Surveying and Mapping Renamed

Chinanews.com, 5/26/11

On May 25, China's State Council announced that the State Bureau of Surveying and Mapping had been renamed the National Administration of Surveying, Mapping and Geoinformation.   Read More...

Rumor: Vancl Appoints IPO Underwriters

Sina Tech, 5/26/11

An industry source reports that Chinese B2C clothing website Vancl plans to raise USD 750 mln to 1 bln with its Q4 2011 IPO in the US.   Read More...

ChinaNet Launches Franchise Advertising Portal

ChinaNet, 5/26/11

Chinese online and TV advertising firm ChinaNet Online Holdings (Nasdaq: CNET) today announced that it has launched a new online advertising and marketing services portal, www.liansuo.com, to serve larger, high-value branded franchise business owners through an integrated full service platform.   Read More...

Kingsoft Q1 2011 Profit Down 25% YoY

Kingsoft IR, 5/26/11

Chinese application and entertainment software developer Kingsoft (3888.HK) has announced its unaudited financial results for the first quarter of 2011, with revenue down 6% YoY to reach RMB 231.28 mln.   Read More...

400-500 Shenzhen E-Commerce Firms Closed in 2010

Guangzhou Daily, 5/26/11

Gao Shenghan, secretary-general of the Shenzhen Electronic Commerce Association, said today that the Association estimates there are between 3,000 and 5,000 e-commerce companies registered in Shenzhen at present, and four to five hundred e-commerce companies either shut down or left the e-commerce sector last year.   Read More...

CDEL Shareholders Re-Elect Two Directors

PR Newswire Asia, 5/25/11

Chinese online education provider China Distance Education Holdings Limited (CDEL) (NYSE: DL) has announced that at its 2011 Annual General Meeting of Shareholders today, Carol Yu and Hu Liankui were re-elected as class C directors, and Deloitte Touche Tohmatsu was re-appointed as independent auditor for the fiscal year ending September 30, 2011.   Read More...

Perfect World to Release New Version of MMO

Sina Games, 5/25/11

Chinese online game developer and operator Perfect World (Nasdaq: PWRD) has announced that it will release a new version of its self-developed 2.5D MMORPG Empire of the Immortals on May 26.   Read More...

Tencent to Open New Server of MMO

People.com.cn, 5/26/11

Chinese online game developer and operator Tencent (0700.HK) has announced that it will open a new server for its licensed MMORPG Dungeon & Fighter on May 27.   Read More...

Guangyu to Begin CB of MMO

17173.com, 5/26/11

Beijing-based online game developer and operator Guangyu, a subsidiary of Coslight Technology International Group (1043.HK), has announced that it will begin closed beta testing of its licensed turn-based MMORPG Wendao Waizhuan on June 10.   Read More...

Powerleader to Release New Expansion Pack for MMO

17173.com, 5/26/11

Shenzhen-based online game developer and operator Powerleader Network (a.k.a ZQGame) (300052.SZ) has announced that it will release a new expansion pack for its self-developed patriotic military-themed MMORPG Tiandao (Way of Heaven) on May 27, titled "Wuhun Jianglin," featuring new play modes.   Read More...

CondorGame to Begin CB of MMO

17173.com, 5/26/11

Beijng-based online game developer and operator CondorGame has announced that it will begin closed beta testing of its licensed cartoon-style MMORPG Shenglong Q Zhuan on May 26.   Read More...

Lugood to Begin Initial Technical Test of MMO

17173.com, 5/26/11

Xi'an-based online game developer and operator Lugood Network Technology has announced that it will begin initial technical testing of its self-developed 2.5D MMORPG Long Zhi Chuanqi in H2 2011.   Read More...

Sohu Microblog Adds Support for QQ Connect

China News, 5/26/11

Chinese Internet firm Sohu's (Nasdaq: SOHU) microblogging platform has added support for rival Tencent's (0700.HK) QQ Connect single-login platform, allowing users to log in to Sohu Microblog with their QQ account and password.   Read More...

 

Television

TCL Starts Smart 3D TV Sales Promotion

LMTW, 5/26/11

During China's Dragon Boat Festival holiday (May 28 to June 6), Chinese television manufacturer TCL Multimedia (1070.HK) will run a promotion of its 3D smart TVs, including the V8200 and P7200.   Read More...

 

Hardware & Software

Microsoft Invests RMB 1.4 Bln to Support China Start-Ups

People.com, 5/25/11

Microsoft CEO Steve Ballmer recently announced in Beijing that Microsoft will commit RMB 1.4 bln over the next five years to provide additional software and development tools to 3,000 start-ups in China.   Read More...

State Grid Information, Skycloud Partner on Cloud Computing

Tencent Tech, 5/25/11

On May 20, State Grid Information & Telecommunication, a subsidiary of State Grid Corporation of China (SGCC), and Beijing-based cloud services provider Beijing Skycloud Technology signed a strategic partnership framework agreement in Beijing.   Read More...

MIIT Announces Jan-April IT Industry Investment Statistics

MIIT, 5/25/11

China's Ministry of Industry and Information Technology (MIIT) has released statistics on fixed asset investments in the national IT industry for the first four months of 2011, with total completed investment on IT projects valued greater than RMB 5 mln reaching RMB 216.8 bln, up 84.7% YoY, with growth up 54.3 percentage points compared to the same period in 2010.   Read More...

HiSoft Discloses Corporate Deposit Account List

PR Newswire Asia, 5/25/11

Chinese IT outsourcing firm HiSoft (Nasdaq: HSFT) has issued an unaudited corporate deposit account list identifying each corporate cash account and the balance and location of each account.   Read More...

 
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