Jan 20, 2012
At the first annual Internet Communities Summit in Sanya, hosted by People's Daily Online and Tianya, representatives of some of China's leading online communities and portals expressed concern that conditions were not yet ripe for a full-scale nationwide introduction of real-name registration policies.
Tencent (0700.HK) has announced that its wholly owned subsidiary Aceville Pte Ltd has entered into an agreement to purchase 320,722 shares or 49% of the total issued shares of Singaporean investment holding company Level Up! International Holdings Pte Ltd, which, through its operating subsidiaries and affiliates in Brazil and the Philippines and through its joint venture in the U.S., engages in online game publishing and game magazine publication.
Chen Deming, director of China's Ministry of Commerce, said recently that the ministry would look into drafting new "Appliances to the Countryside" and "Old for New" government subsidy policies for new and energy-saving electronics and appliances to replace the previous, expiring policies.
Chinese laptop, PC, and handset manufacturer Lenovo (0992.HK) recently announced "Jiating Yun" ("Home Cloud"), a new home cloud computing center product developed as part of Lenovo's "Ge Ren Yun" ("Personal Cloud") strategy, enabling information to be shared between home applications through a wireless connection.
Canadian e-commerce operator Fireswirl Technologies has announced that, with the record-breaking opening of the fourth movie of the "Pleasant Goat and Big Big Wolf" animation series "Mission Incredible: Adventures on the Dragon's Trail" in China, the Company's "Pleasant Goat and Big Big Wolf" official online store and Taobao flagship store had 1,000 online orders per day in January, after only two months of the stores' opening.
The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.
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