Nov 21, 2012
Hangzhou-based C2C & B2C e-commerce site Taobao announced today that starting January 1, 2013, its Taobao Alliance online advertising platform will no longer support cash rebates to members and customers who purchase items from within Taobao stores under the Taoke affiliate model, which offers commissions to individuals or websites ("Taoke") that help promote products from Taobao stores.
William Ding, CEO of Chinese internet and mobile value-added service provider Netease (Nasdaq: NTES), announced at the Netease Mobile Media Summit in Beijing yesterday that the Netease mobile news client has been installed 40.76 mln times, averaging 1.7 new accounts per second with active users doubling each quarter.
Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) today announced that its customer Hutchison 3G (H3G) Austria has successfully completed national roaming tests based on MOCN (Multi-Operator Core Network) architecture, covering two thirds of the territory of Austria, using ZTE technology.
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On December 3, Chinese e-commerce conglomerate Alibaba Group's Juhuasuan group buying platform will launch a week-long "Annual 123 Gala" at which it will debut its new "ladder rebate" marketing technique, which will decrease product prices in inverse proportion to the number of paying customers for the product.
Chinese B2C mail-order e-commerce company Mecox Lane (Nasdaq: MCOX) today announced that its board of directors has approved a transaction with Korean e-commerce firm Giosis to form a joint venture, Giosis Mecoxlane Ltd., to operate a dynamic online marketplace in China, which would include use of the company's M18.com website.
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Chinese film and TV production firm Huayi Brothers (300027.SZ) has announced that its wholly-owned subsidiary Huayi Brothers International Investment has signed a share-swap agreement to purchase 23.25 mln shares (9% stake) in CAG Digital Investment Holdings subsidiary GDC Technology for USD 20.92 mln.
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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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