Asia

Earnings: Sina Q1 Revs Up 39 Percent; Net Income Up 87 Percent; Stock Spikes After Hours - 0 Comments
Posted By Joseph Weisenthal - Wed 14 May 2008 05:18 PM PST

The Chinese internet stocks have all killed it this quarter: Sina (NSDQ: SINA) reported Q1 revenue of $71.3 million, up 39 percent year-over-year, and comfortably ahead of a previous forecast…

Earnings: XFMedia Q1 Revs Up 120 Percent; Acquisitions Provide Lift; Blames Deep Loss On SarbOx - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 06:32 PM PST

Some volatile numbers at Chinese media and advertising company Xinua Financial Media, which reported Q1 revenue of $36.7 million, for a 120 percent year-over-year increase. But on the bottom line,…

Earnings: Alibaba.com Q1 Revs Up 53 Percent; Sees Pressure On Global Trade - 0 Comments
Posted By Joseph Weisenthal - Tue 06 May 2008 04:25 AM PST

Alibaba.com, the Chinese B2B marketplace and a key puzzle piece in valuing Yahoo (NSDQ: YHOO), announced Q1 revs of RMB680.1 million ($97.3 million) for 53.2 percent growth over last year.…

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Softbank Buys Stake in Chinese Internet Firm Oak; Could Go Up To $385 Million - 0 Comments
Posted By Rafat Ali - Wed 30 Apr 2008 07:58 AM PST

The Japanese teleco and online firm Softbank has bought about 14 percent of Chinese online holding firm Oak Pacific Interactive (OPI), with the intent of increasing the stake to 40…

Earnings: Sohu Q1 Revs up 156 Percent; Stock Spikes - 0 Comments
Posted By Joseph Weisenthal - Mon 28 Apr 2008 07:14 AM PST

Baidu (NSDQ: BIDU) last week, and now Sohu (NSDQ: SOHU), it’s a good time to be a Chinese internet firm: the provider of search, games and mobile services reported Q1…

Chinese Video Site Tudou Receives Another Big Round of $57 Million - 1 Comment
Posted By Rafat Ali - Mon 28 Apr 2008 12:44 AM PST

The Chinese online video site Tudou, which has a huge repository of illegal versions of Hollywood and TV content (check Sidereel.com: half of the TV show links lead to Tudou…

Earnings: Baidu Q1 Revs More Than Double; Income Up 71.5 Percent - 0 Comments
Posted By Joseph Weisenthal - Fri 25 Apr 2008 09:59 AM PST

Chinese search engine Baidu (NSDQ: BIDU) reported Q1 revenue of $81.9 million, a 108.4 percent increase over the year-ago quarter. Net income growth was up on a similar trajectory, gaining…

Chinese Firm The9 Invests $38 Million in Korean Firm G10 Entertainment - 1 Comment
Posted By Pearl Research - Wed 23 Apr 2008 07:55 AM PST

The smaller number invests in the bigger number: The9 (Nasdaq: NCTY), an online game operator in China, has made an equity investment in G10 Entertainment, a game developer in Korea.…

Korean Social Gamer Nurien Software Raises $15 Million First Round - 0 Comments
Posted By Joseph Weisenthal - Tue 22 Apr 2008 11:19 AM PST

Nurien Software, a social gaming service based in Korea, has raised a $15 million first round from Northern Light Venture Capital (NLVC), Globespan Capital Partners, New Enterprise Associates (NEA), and…

It’s Official: Brauchli Out At WSJ; Insists ‘Code Of Conduct’ Protecting Paper Has Been Enforced - 1 Comment
Posted By Staci D. Kramer - Tue 22 Apr 2008 10:52 AM PST

Marcus Brauchli has resigned as managing editor of the Wall Street Journal, as expected following last night’s reports . The company sent out the announcement following a meeting between members…

Woulda Coulda Shoulda: Sony Working on PS3 Movie Download Service - 0 Comments
Posted By Rafat Ali - Mon 21 Apr 2008 12:40 PM PST

By now, I have lost count on the number of times Sony (NYSE: SNE) has started working for movie/video download services for either Playstation or PSP, and has launched some…

WPP Takes Stake In HDT Ad Firm To Buy Further In To China - 0 Comments
Posted By Robert Andrews - Mon 21 Apr 2008 03:51 AM PST

Adding yet another overseas string to its bow, advertising group WPP’s WPP Digital division is buying a minority stake in Chinese rich media ad delivery outfit HDT Holdings Technologies. HDT…

It’s Official: Live Current Media Bags Rights To IPL Portal For $50 Million - 0 Comments
Posted By Nikhil Pahwa - Thu 17 Apr 2008 10:44 AM PST

From our India site ContentSutra: So here’s the official announcement regarding Canadian company Live Current Media’s deal with the Indian Premier league, for cricket, which we had told you about…

MySpace Officially Launches In India; COO Kapur: No Exclusivity With News Corp - 0 Comments
Posted By Nikhil Pahwa - Thu 17 Apr 2008 10:35 AM PST

Yesterday, MySpace CEO Cris DeWolfe launched the South Korean version of MySpace; today, COO Amit Kapur is in Mumbai officially launching MySpace India, which has been live since January. Unlike…

Asian Expansion: MySpace Korea, AOL Hong Kong - 0 Comments
Posted By Staci D. Kramer - Tue 15 Apr 2008 04:31 PM PST

MySpace went live in South Korea today—and head to head with some of the toughest social network competition out there. Forget Facebook, as I heard and saw during my too-brief…

Google Plans Social Networking, Mobile Investments In China - 0 Comments
Posted By Joseph Weisenthal - Mon 14 Apr 2008 05:21 PM PST

With 26 percent search market share, up from 17 percent a year ago, Google (NSDQ: GOOG) has done better than some other Western internet firms in trying to crack the…

South Korea’s Pandora Video Sharer Eyeing Internationalization - 0 Comments
Posted By Robert Andrews - Fri 11 Apr 2008 09:41 AM PST

Many of us look to South Korea for what’s next in broadband media, so… what’s next? Pandora TV, a video sharing site launched there in 2004, has just launched in…

Intel Capital Invests $12 Million In Shanghai Media Group; Establishing Online TV Platform - 0 Comments
Posted By Joseph Weisenthal - Thu 10 Apr 2008 04:08 AM PST

Intel (NSDQ: INTC) Capital, which earlier this week launched a new $500 million China-focused fund, will invest $12 million into a unit of Shanghai Media Group for the establishment of…

Industry Moves: Shanda; Be Jane; Telemundo; EA; Morgan Stanley; LANG; Hachette; Thirteen/WNET - 0 Comments
Posted By Amanda Natividad - Tue 08 Apr 2008 11:45 AM PST

-- Shanda Interactive (NSDQ: SNDA) Entertainment: Qunzhao Tan, co-founder of Shanda, has been promoted to president and will continue in his role as CTO. Most recently, he was EVP and…

Disney Interactive Studios Buys Chinese Gaming Studio Gamestar - 0 Comments
Posted By Pearl Research - Mon 07 Apr 2008 12:14 PM PST

Disney Interactive Studios, the gaming arm of Disney (NYSE: DIS), is buying Gamestar, a Chinese independent video game software developer with locations in Shanghai and Wuhan. Gamestar has been in…

Record Labels Seek $9 Million From Baidu, $7.5 Million From Sohu For Piracy Charges - 0 Comments
Posted By David Kaplan - Mon 07 Apr 2008 07:00 AM PST

Now that the Beijing Intermediate People’s Court has accepted the copyright infringement suits brought by the International Federation of the Phonographic Industry, which represents the major record labels, the amounts…

Korea Telecom And Softbank Launch $40 Million Fund Aimed At IPTV Content - 0 Comments
Posted By Dianne See Morrison - Fri 04 Apr 2008 05:09 AM PST

South Korea’s dominant fixed-line and broadband operator Korea Telecom and Japanese telecom and internet group Softbank have partnered together to launch a $40 million investment fund aimed at delivering internet…

IOC Exec Warns China Against Internet Censorship During Olympics - 2 Comments
Posted By Staci D. Kramer - Tue 01 Apr 2008 07:47 PM PST

With the Beijing Olympics roughly four months away, Kevan Gosper, vice chairman of the IOC coordinating commission, is warning organizers that the internet must be open during the games and…

AOL Sells Its Last Call Center To Aegis - 0 Comments
Posted By Nikhil Pahwa - Tue 01 Apr 2008 08:18 AM PST

So it has finally happened: AOL (NYSE: TWX) has sold its call center operations in India to Aegis BPO Services, a part of the Essar Group, reports ET. The acquisition…

Greenspan’s BroadWebAsia Gets MLB Rights In China - 0 Comments
Posted By Staci D. Kramer - Mon 31 Mar 2008 05:30 AM PST

Major League Baseball Advanced Media (MLBAM) has a new Chinese web outlet, launched in conjunction with last week’s regular season opening series in Tokyo. MLBAM has licensed online rights to…