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Kaixin001 2010 Ad Revenue to Exceed RMB 200 Mln
China Business News, 6/10/10
Yuan Liping, general manager of PR for Chinese social network site Kaixin001, responded today to rumors that the site had set advertising revenue goals of RMB 200 mln for 2010, saying that the rumors were false and that the company had not set internal sales goals of any sort. Read More
Sina Microblog to Offer Value-Added Services
Xinhuanet, 3/16/10
Peng Shaobin, VP and head of Sina's (Nasdaq: SINA) products division, recently confirmed Sina's microblogging platform will offer value-added services in order to generate revenue. Read More
Five Minutes Obtains USD 3.5 Mln Funding
Sina Tech, 12/20/09
Xu Cheng, COO of Five Minutes, developer of the popular Chinese SNS browser game Happy Farm, has confirmed that the company has completed its first round of funding, receiving USD 3.5 mln from DFJ Dragon Fund. Read More
China Prohibits Vegetable "Stealing" in SNS Games
Sohu IT, 12/17/09
According to an official from China's Ministry of Culture (MoC), the MoC is currently strengthening its oversight of games on social networking sites (SNS), and is requiring complete checks on all games by all regional MoC branches. Read More
Rumor: Tencent to Buy Out SNS Game Happy Farm
Sohu IT, 10/12/09
An industry source has revealed that Chinese internet value-added services provider Tencent (0700.HK) has reached an agreement with SNS game developer Five Minutes to acquire its popular SNS game "Happy Farm" for a one-time payment rumored to be in the millions of Chinese yuan. Read More
Rumor: Five Minutes Obtains Funding for SNS Development
Netease Tech, 8/18/09
Industry insiders have reported that Five Minutes, the developer behind SNS game Happy Farm, has received between USD 10-20 mln in funding. Read More
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