Marbridge Daily

<- March 20, 2012 ->

Featured Articles

Rumor: China Telecom to Spin Off 8 Industry Bases

CWW, 3/19/12

An industry source revealed recently that China Telecom (NYSE: CHA; 0728.HK) is preparing to spin off its eight vertical service bases for operation as independent companies - after which the bases' employees will no longer be formally part of China Telecom's organization.   Read More...

China Mobile Invests RMB 1 Bln in M2M Base

CCID, 3/20/12

Ye Lingwei, GM of China Mobile's (NYSE: CHL; 0941.HK) M2M (Internet of Things) base, said recently that China Mobile had invested RMB 1 bln in the vertical service base since it was established - primarily for cloud product R&D including smart home furnishings, smart transportation products, municipal administration products, and municipal security solutions.   Read More...

Rumor: Vancl Cancels IPO Plan

Beijing Business Today, 3/20/12

An industry source reported yesterday that B2C clothing website Vancl has cancelled its IPO plans, and that the company's CFO has resigned.   Read More...

Dangdang to Compensate Users of Hijacked Accounts

Sina Tech, 3/20/12

A number of Dangdang (NYSE: DANG) customers complained recently that their accounts on the Chinese B2C e-commerce site had been hacked, and their account balances stolen.   Read More...

Focus Media Q-Card User Base Reaches 2.5 Mln

NetEase Tech, 3/20/12

Jason Jiang, CEO of Chinese digital media and Internet advertising operator Focus Media (Nasdaq: FMCN), stated in the Q4 2011 earnings call that its "Q-card" discount card has more than 2.5 mln registered users, and that Focus Media will introduce the "Q-card" mobile phone client in the second half of the year.   Read More...

 

Telecom

China Telcos Announce February 2012 Subscriber Totals

Marbridge Consulting, 3/20/12

China's three main telecom operators have announced their subscriber totals for February 2012.   Read More...

China Telecom 2011 Profit Up 5.6%

China Telecom PR, 3/20/12

China Telecom (NYSE: CHA; 0728.HK) has announced its audited financial results for the fiscal year ended December 31, 2011, with operating revenues up 11.5% YoY to reach RMB 245.0 bln.   Read More...

China Telecom VP Steps Down

China Telecom PR, 3/20/12

The board of directors of China Telecom (NYSE: CHA; 0728.HK) has announced that due to his age, Zhang Chenshuang has retired from his positions as an executive director and executive vice president of the Company with effect from March 20, 2012.   Read More...

Hengtong Optic-Electric 2011 Profit Up 3%

Shanghai Stock Exchange, 3/20/12

Jiangsu-based fiber optic cable manufacturer Hengtong Opto-Electric (600487.SH) today announced its unaudited financial results for the full year ended December 31, 2011 with revenue up 28.94% YoY to RMB 6.69 bln.   Read More...

GoHigh Data 2011 Profit Up 62%

Shenzhen Stock Exchange, 3/20/12

Chinese data communications and VoIP solutions provider Gohigh Data Networks (000851.SZ), a subsidiary of Datang, has announced its fiscal results for the full year 2011, with revenue up 59.32% YoY to reach RMB 4.08 bln, compared with RMB 2.56 bln in 2010.   Read More...

 

Wireless

China Mobile, SPD Bank Launch Mobile Payment Service

Chongqing Morning Post, 3/20/12

China Mobile (NYSE: CHL; 0941.HK) and the Shanghai Pudong Development Bank (SPD Bank) recently released a bank card offering "three accounts in one" functionality integrating small-scale electronic payment, debit card management, and credit card payment functionality.   Read More...

China Unicom Promotes 3G Data Cards

Netease Tech, 3/19/12

China Unicom (NYSE: CHU; 0762.HK; 600050.SH) recently launched a large-scale promotion offering free mobile data cards to users who pre-pay data fees.   Read More...

ZTE Unveils 3.5GHz TD-LTE Base Station

ZTE PR, 3/20/12

Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) today unveiled a 3.5GHz high-power TD-LTE distributed base station.   Read More...

Kejian Records 2011 Loss of RMB 22 Mln

Shenzhen Stock Exchange, 3/20/12

Chinese mobile phone maker Kejian (000035.SZ) has announced its financial results for 2011, with operating revenue up 4.63% YoY to reach RMB 5.53 mln.   Read More...

 

Internet

Shanda Adjusts Pricing for Grand Cloud Products

Sina Tech, 3/20/12

With the official public launch of its "Grand Cloud" (http://grandcloud.cn) line of cloud server, cloud storage, and cloud computing products, Chinese online media provider and online game developer and operator Shanda Interactive has announced changes to "Grand Cloud" product prices.   Read More...

Tencent Kicks Off Roadshow for QQ Enterprise Edition

DoNews, 3/20/12

Chinese internet giant Tencent (0700.HK) kicked off a roadshow promoting the enterprise edition of QQ instant messenger in ten major cities nationwide yesterday.   Read More...

QQ Mall Charges Annual Platform Fee

Southern Metropolitan News, 3/20/12

Chinese internet giant Tencent's (0700.HK) B2C e-commerce platform QQ Mall has begun levying RMB 6,000 annual platform usage fees on merchants, some of whom have left the platform though Tencent claims its fees are the lowest in the industry.   Read More...

Taobao Sellers Comprise 52% of 1688.com Buyers

Netease Tech, 3/20/12

Hangzhou-based B2B e-commerce platform operator Alibaba.com (1688.HK) announced today that 52% of buyers on its 1688.com China platform - which connects China-based suppliers with China-based buyers - were store owners on Alibaba's Taobao B2C and C2C platform.   Read More...

CEO of Online Pharmacy 360Kxr Resigns

TechWeb, 3/20/12

Shi Wenlu recently confirmed his resignation as CEO of Jiangxi-based online healthcare B2C Kaixinren Pharmacy (360kxr.com), saying he has obtained angel funding to launch an e-commerce start-up.   Read More...

51job Introduces Internship Channel

Sina Tech, 3/20/12

Chinese online recruitment firm 51job (Nasdaq: JOBS) has announced that its internships channel, http://shixi.51job.com, is officially online, with several prominent companies including Sony, IBM, and Sina already posting information regarding internships on the platform.   Read More...

Renren Launches Social Travel Platform

DoNews, 3/20/12

Beijing-based social networking site operator Renren (NYSE: RENN) has announced the launch of its social travel platform, www.fengche.com, which allows users to create and share travel information.   Read More...

Netease to Stop Operation of MMO

People.com.cn, 3/20/12

Chinese online game developer and operator Netease (Nasdaq: NTES) has announced that it will stop operating self-developed 3D turn-based MMORPG Westward Journey: Genesis (Chuangshi Xiyou), with all servers to be closed on March 19, 2013.   Read More...

The9 to Stop Operation of MMO

People.com.cn, 3/20/12

Chinese online game developer and operator The9 (Nasdaq: NCTY) has announced that it will stop operating its licensed 3D turn-based MMORPG Atlantica, with all servers to be closed on June 15, due to the expiration of its license from Korean online game developer and operator Nexon.   Read More...

Ferry to Begin Initial CB of MMO

17173.com, 3/20/12

Hangzhou-based online game developer and operator Ferry Network Technologies has announced that it will begin initial closed beta testing of its self-developed 2.5D fantasy MMORPG Shenyu in April.   Read More...

Dreamwork to Begin Second-Round CB of MMO

17173.com, 3/20/12

Chengdu-based online game developer and operator Dreamwork Net has announced that it will begin a second round of closed beta testing of its self-developed 3D martial arts MMORPG Xiayi Dao 3 on March 29.   Read More...

Xinyou to Begin Initial CB of MMO

17173.com, 3/20/12

Zhuhai-based Xinyou Technology, the new online gaming venture founded by former Kingsoft Games COO Zhan Zhenyang and supported by Beijing-based incubator Innovation Works and Kingsoft's (3888.HK) online game development subsidiary Westhouse, has announced that it will begin initial closed beta testing of its self-developed MMORPG Xiaoyao Jianghu on April 20.   Read More...

Jinshan Duoyi to Release New Version of MMO

17173.com, 3/20/12

Guangzhou-based online game developer and operator Jinshan Duoyi has announced that it will soon release a new version of its self-developed MMORPG Mengxiang Shijie (Dream World).   Read More...

Fantasy Age to Release Sixth Expansion Pack for MMO

17173.com, 3/20/12

Beijing-based online game developer and operator Fantasy Age Network Technology has announced that it will release the sixth expansion pack for its self-developed Chinese fantasy MMORPG Xiyou Tianxia on March 29, tilted "Xiuluo Zhi Dian."   Read More...

Wangchong Begins Initial CB of MMO

17173.com, 3/20/12

Ningxia-based online game developer and operator Wangchong Communication has announced that it began initial closed beta testing of its self-developed fantasy MMORPG Moren on March 16.   Read More...

 

Television

Focus Media Q4 2011 Profit Up 21% YoY

Focus Media PR, 3/19/12

Chinese digital media and Internet advertising operator Focus Media (Nasdaq: FMCN) has announced its unaudited financial results for the fourth quarter and full year ended December 31, 2011.   Read More...

Acorn Records Q4 2011 Loss of USD 1 Mln

Acorn PR, 3/20/12

Chinese multi-platform marketing company Acorn International (NYSE: ATV) has announced its unaudited financial results for the fourth quarter and full year ended December 31, 2011.   Read More...

 

Hardware & Software

US Media Retracts Critical Reports on Foxconn

Shenzhen Evening News, 3/20/12

On March 16, National Public Radio's (NPR) program "This American Life" officially retracted its exposé of Apple's primary final assembly supplier, the Shenzhen factory branch of Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW).   Read More...

Eastcompeace 2011 Profit Up 9%

Shenzhen Stock Exchange, 3/20/12

Chinese smartcard solutions supplier Eastcompeace (002017.SZ) has announced its unaudited financial report for the full year ended December 31, 2011 with revenue up 9.58% YoY to RMB 933.86 mln.   Read More...

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