Nov 20, 2012
In a public filing today, Zhejiang-based DTV and IPTV operator Wasu Media Holding (000156.SZ) announced that its controlling shareholder Wasu Digital Television Media Group has signed equity transfer agreements with Shanghai Zhongguang Sitong Media Investment (unofficial translation) and the Stone Group Corporation, in accordance with the requirements of Zhejiang's "one province, one network" integration plans, to acquire the two companies' shares in China Cable Network.
China Telecom's (NYSE: CHA; 0728.HK) official store on e-commerce conglomerate Alibaba Group's B2C subsidiary TMall ranked first among China's mobile operators in Singles Day (November 11) promotional sales according to Taobao DataCube, selling 13,353 handsets with transaction volume reaching RMB 17.88 mln.
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Chinese internet company Baidu (Nasdaq: BIDU) recently launched small scale beta testing on its new "Entity Search" (shiti sousuo) based search feature, similar to Google's Knowledge Graph, which will be able to provide direct search results based on keywords entered into Baidu's search box.
In a November 16 public filing, Zhejiang NetSun (002095.SZ), the parent company of B2B e-commerce site Netsun Toocle, announced that it plans to establish a new subsidiary, tentatively named Zhejiang Wangsheng Guarantee (unofficial translation), in partnership with subsidiaries Ningbo NetSun Dazong Trade (unofficial translation) and Shengyibao Network.
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Huang Tao, former head of Chinese online media and game operator Shanda Interactive's Lezo (Lezhong) Android-based mobile operating system ROM project, has joined online video site LeTV (Leshi) (300104.SZ) as head of development for LeTV's user interface system, bringing an R&D team of more than 10 people with him.
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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