Dec 27, 2012
Chinese online game developer and operator Shanda Games (Nasdaq: GAME) announced today that the iOS version of Diffusion Million Arthur, a mobile game published by Shanda Games' Korean online game subsidiary Actoz Soft, is currently the top grossing app among all categories in Apple's local App Store following its official launch in Korea on December 20, 2012.
Tang Daosheng, senior executive VP of Chinese internet giant Tencent (0700.HK), recently disclosed that as of December 2012 over 600,000 developers had registered for Tencent's open platform and submitted more than 300,000 applications, with monthly active users of third-party apps exceeding 200 mln, and 90% of developers using the payment system earning revenue and more than 10 developers receiving over RMB 10 mln each month.
Shanghai Media Group subsidiary BesTV New Media (600637.SH) and home appliance and consumer electronics retailer Gome (0493.HK) yesterday signed a strategic cooperation agreement, under which BesTV, which already retails its high-definition 3D smart cloud Internet TV set-top box (STB) "Xiao Hong" ("Little Red") in Gome experience stores, will also begin selling the product through Gome's e-commerce channels.
The Sichuan branch of China Development Bank (CDB) has extended a RMB 3 bln line of credit for first-stage comprehensive information network technology upgrades and construction to Sichuan Cable Television Network in Chengdu to support the province's digital and bi-directional conversion efforts.
Chinese laptop, PC, and handset manufacturer Lenovo (0992.HK) and Taiwanese consumer electronics manufacturer Compal Electronics' notebook manufacturing joint venture, Lianbao (Hefei) Electronics Science & Technology, based in Hefei Economic & Technological Development Area, has begun production with an annual production capacity reaching tens of millions of units.
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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