Netease Tech, 2/10/09
Chinese social networking service (SNS) 51.com has revealed that it plans to invest a total of RMB 100 mln between 2009 and 2010 to be used toward improvements for basic network infrastructure to support its current gaming projects and provide a network operating environment for new gaming projects expected to be released this year. 51.com has already signed cooperative agreements with internet data center service providers, and network equipment providers and operators including Huawei, China Telecom (NYSE: CHA; 0728.HK), and China Unicom (NYSE: CHU; 0762.HK; 600050.SH). 2009 contracts amount to RMB 50 mln.
51.com has also denied rumors reportedly spread by competitors suggesting the company's cooperation with Huawei is simply a means to distract public attention from rumored large-scale layoffs.