Mar 14, 2012
Responding to recent reports that Chinese online video site LeTV (Leshi) (300104.SZ) had partnered with Baidu (Nasdaq: BIDU) on a dedicated LeTV-Baidu video channel (http://baidu.letv.com), LeTV senior vice president Gao Fei said today that the two companies had discussed a possible partnership on the condition that Baidu address piracy on its own platform, but had not in fact formed a partnership.
According to an internal document leaked on March 13, Wuxi-based office software developer Yozosoft has been chosen to receive RMB 3.46 mln in 2012 government funding as part of the Ministry of Industry and Information Technology's (MIIT's) initiative to promote development of core electronic components, high-end chips, and basic software products (the "Core, High, and Basic" initiative.) The funds being appropriated for Yozosoft will come from a total of RMB 34.65 mln earmarked for online integrated office software research and industrialization.
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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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