Marbridge Daily

<- May 07, 2012 ->

Featured Articles

Rumor: Foxconn, Sharp to Establish Handset JV in China

Sina Tech, 5/07/12

Terry Cheng, VP of Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW), met with senior management of Sharp China in Beijing today to discuss the possibility of launching a handset joint venture in China, according to an industry source.   Read More...

Qihoo 360 to Launch Branded Handsets

Tencent Tech, 5/07/12

Zhou Hongyi, chairman of Chinese internet services and security software provider Qihoo 360 (NYSE: QIHU), recently announced that Qihoo 360 has partnered with several overseas and domestic manufacturers to release a series of Qihoo 360-branded handsets.   Read More...

Alibaba Investigates Taobao Staff Bribes

China Business News, 5/07/12

Over the weekend, Chinese e-commerce conglomerate Alibaba Group issued an open letter to the media and its shareholders in which it listed a total of nine online shops previously operating on its B2C and C2C e-commerce subsidiary Taobao that have been permanently shut down due to suspected bribery and other misconduct.   Read More...

Rumor: China to Announce Appliance Recycling Subsidy Policy

Southern Weekly, 5/04/12

China's new electronic appliance disposal management duties policy has been submitted to the State Council and will be announced in June, according to an industry insider.   Read More...

Chinese Readers Value E-books at RMB 3.5

The Beijing News, 5/07/12

Wei Yushan, vice president of the Chinese Academy of Press and Publication, recently released the results of a national sample survey which revealed that the majority of readers in China are willing to pay an average price of RMB 3.5 for one e-book, with nearly half of those readers able to purchase an e-reader.   Read More...



China Telecom Cloud Storage Service Starts Phase II Closed Beta

CCID, 5/07/12

China Telecom's (NYSE: CHA; 0728.HK) E-Surfing cloud storage service recently had a low-key beta launch.   Read More... VP Resigns

Shenzhen Stock Exchange, 5/05/12

The board of directors of Xiamen-based Internet network application services company (300051.SZ) recently received a notification of resignation from board chairman and company vice president Zhou Juan, effective upon submission.   Read More...



Rumor: Shenzhen Mobile to Launch TD-LTE Commercial Trials

Sina Tech, 5/04/12

An industry source revealed recently that the first commercial trials of the Chinese-developed TD-LTE 4G standard will be held in Shenzhen, and that commercial trials could begin as soon as May 17, World Telecommunications Day.   Read More...

Beijing Telecom Offers iPhone Group Buy Deal

Netease Tech, 5/06/12

China Telecom (NYSE: CHA; 0728.HK) subsidiary Beijing Telecom has launched a new deal for the iPhone 4S, under which each purchaser who buys 10 iPhone4S China Telecom contracts under one name is eligible to receive one free 16GB iPhone4S.   Read More...

CTTL Denies Google Logo Ban

Sina Tech, 5/04/12

A spokesperson for the Ministry of Industry and Information Technology (MIIT)'s China Telecommunication Testing Labs (CTTL) today denied rumors that the MIIT would ban text and logo references to Google on mobile handsets.   Read More...

Huawei Device to Segment Handset Brands

Beijing Times, 5/07/12

Richard Yu, chairman of Chinese telecom equipment and terminal manufacturer Huawei's terminal subsidiary, Huawei Device, has revealed on his personal verified microblog that Huawei plans to segment its handset business into three separate brands.   Read More...

NQ Mobile Q1 2012 Profit Up 29% YoY

NQ Mobile, 5/07/12

Chinese mobile security provider NQ Mobile (NYSE: NQ) today announced its unaudited financial results for the first quarter ended March 31, 2012, with net revenues up 109.6% YoY to USD 15.98 mln from USD 7.62 mln in Q1 2011.   Read More...

Qihoo 360 to Partner with Handset Vendors

DoNews, 5/04/12

In a microblog update on the evening of May 4, Qihoo 360 (NYSE: QIHU) chairman Zhou Hongyi said that the Chinese online software security developer will join with partners to release a number of mobile handset products.   Read More...

Sweden's Hi3G Taps ZTE for 4G Base Stations

ZTE PR, 5/07/12

During Prime Minister Wen Jiabao's recent visit to Sweden, Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) signed a strategic cooperation agreement with Hi3G Sweden in the amount of USD 74 mln.   Read More...

NQ Mobile Announces Board Changes

NQ Mobile, 5/04/12

Chinese mobile security provider NQ Mobile (NYSE: NQ) has announced the appointment of Omar Khan, William Li, and Tao Xiuming as directors of the company, and the retirement of Zhao Weiguo as a director, effective as of May 3, 2012.   Read More...



Rumor: Alibaba to Buy Back 15-25% Stake from Yahoo

TMall Offers RMB 200 Mln to Merchants in "Price War"

Tencent Tech, 5/07/12

Alibaba Group's B2C e-commerce site TMall today announced that it will invest RMB 200 mln in subsidies for 3C and home appliance vendors participating in its promotional "price war."   Read More...

China's Third-Party Payment Transaction Volume Up 91% YoY

Evernote Plans China Market Entry

Xunlei Paying Members Exceed 3 Mln

DoNews, 5/07/12

Chinese online P2P video service provider, download accelerator software developer, and online game operator Xunlei today announced that the number of users who pay for the premium version of Xunlei's download accelerator software now exceeds 3 mln people.   Read More...

Sohu Video Launches New PC Client

DoNews, 5/07/12

Sohu Video, the online video platform operated by Chinese Internet firm Sohu (Nasdaq: SOHU), today released a new version of its "Sohu Yingyin" PC client software.   Read More...

ZQGame to Promote Stocks in MMO

DoNews, 5/07/12

Shenzhen-based online game developer and operator Powerleader Network (a.k.a ZQGame) (300052.SZ) announced today that it will embed a stock ticker system in its licensed title Bing Wang that will sync in real-time with information on ZQGame's A-shares, allowing gamers to follow and trade stocks within the game during A-share trading hours.   Read More...

Sina Games Releases 'Most Anticipated Games' Ranking

Sina Games, 5/07/12

Chinese online gaming portal Sina Games has released its "Most Anticipated Games" ranking for the week ending May 7, 2012, with ranking determined by votes cast online by players.   Read More...

Giant to Release New 3D MMO in H2, 5/07/12

Chinese online game developer and operator Giant Interactive (NYSE: GA) has announced that it will release its new self-developed 3D fantasy MMORPG World of XianXia in H2 2012.   Read More...

NetDragon to Release New Expansion Pack for MMO, 5/06/12

Chinese online game developer and operator NetDragon (0777.HK) has announced that it will release a new expansion pack for its self-developed science fiction-based 2.5D MMORPG Zero Online on May 17, titled "Chongzu Haojie."   Read More...

The9 to Begin CB of MMO, 5/04/12

Shanghai-based online game developer and operator The9 (Nasdaq: NCTY) has announced that it will soon begin closed beta testing of its licensed 3D MMORPG Xianjing Maoxian.   Read More...

Xingcai to Begin Elite Test of MMO

Sina Games, 5/04/12

Shanghai-based online game developer and operator Xingcai Network Technology has announced that it will begin elite testing of its self-developed 2.5D fantasy MMORPG Shengtang on May 4.   Read More...

Kufeng Announces New MMO, 5/04/12

Beijing-based online game developer and operator Kufeng Sotfware has announced that it will soon release its new self-developed 3D fantasy MMORPG Emblem Saga.   Read More...



Shanghai NGB Network Reaches 2 Mln Households

News Times, 5/07/12

Shanghai Media Group (SMG) subsidiary Oriental Cable Network announced recently that by the end of 2011 it had connected more than 2 mln households to its NGB network, offering speeds of 100 Mbps.   Read More...


Hardware & Software

Rumor: Sharp to Provide Technology for Nanjing 10G TFT-LCD

21st Century Business Herald, 5/05/12

An industry source reported recently that Sharp has abandoned plans to invest in a 10G TFT-LCD production line in Nanjing following losses of USD 3.5 bln in FY 2011, and will instead serve purely as a technology provider for the line.   Read More...

Skyworth Proceeds with LG Display JV

Hong Kong Stock Exchange, 5/04/12

Consumer electronics manufacturer Skyworth Digital Holdings (0751.HK) recently announced that it will proceed with the planned joint venture with Korean LCD manufacturer LG Display for the construction of an 8.5G TFT-LCD production facility in Guangzhou.   Read More...

China Star Ships Over 1 Mln LCD Panels to Date

China Securities Journal, 5/07/12

Chinese TV set maker TCL Corporation (000100.SZ) has announced that its joint venture Shenzhen-based China Star Optoelectronics Technology (CSOT) has shipped over 1 mln LCD panels since it began production last October.   Read More...

Rumor: Micron Wins Bid to Purchase Elpida

Sohu IT, 5/07/12

An informed industry source has revealed that US-based Micron Technology's bid of over RMB 200 bln (approximately USD 2.5 bln) has won it the right to negotiate exclusively to buy Japanese DRAM manufacturer Elpida Memory.   Read More...

Update: Mediation of Proview, Apple Case Continues

Beijing Business Today, 5/07/12

Xie Xianghui, attorney for Proview International Holdings' (0334.HK) Shenzhen-based display device manufacturer subsidiary Proview Technology, said on May 6 that Proview and Apple had expressed their willingness to undergo mediation on Proview's trademark infringement case against Apple's iPad.   Read More...

Rising to Launch Private Cloud Service

Economic Daily, 5/07/12

Deng Sheng, general manager of sales for Chinese anti-virus software developer Rising, recently disclosed that Rising plans to continue to develop its presence in the enterprise-level market with the launch of private cloud services this year, and expects sales to grow over 50%.   Read More...

Venustech Products to Use Kaspersky Anti-malware Engine

Rumor: CEO of Anti-Virus Firm Jiangmin Resigns

NetEase, 5/07/12

According to an informed industry insider, Lin Wenxin, the newly appointed CEO of Beijing-based anti-virus software provider Jiangmin New Science & Technology, will in fact be resigning from his post reportedly due to "problems with his management philosophy."   Read More...

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