China

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.…

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…

ADVERTISE ON PAIDCONTENT

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.…

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…

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…

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…

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…

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…

MySpace Adopts Chinese Name ‘Juyou’ - 1 Comment
Posted By Pearl Research - Fri 28 Mar 2008 12:00 PM PST

MySpace.cn has confirmed its Chinese name to be Juyou, which means getting friends together. Former MSN China CEO Luo Chuan joined MySpace in 2006 and released the first test version…

China’s Tom Group In Losses of $38 million; CEO Resigns - 0 Comments
Posted By Pearl Research - Thu 27 Mar 2008 09:46 AM PST

The Hong Kong-headquartered Chinese online and mobile media group Tom Group announced its 2007 financial results, and the once-profitable company is now operating at a loss and Tom Group Limited…

Site For Chinese Moms Yaolan.com Raises $17.1 Million Third Round - 0 Comments
Posted By Joseph Weisenthal - Tue 25 Mar 2008 09:56 AM PST

The mother demographic is hot in China, too… Yaolan.com, a community site for pregnant and nursing mothers, has raised a $17.1 million third round from Foundation Capital and NSA Investments,…

Chinese Gaming Site 9You Receives $100 Million Investment - 2 Comments
Posted By Pearl Research - Fri 21 Mar 2008 04:29 AM PST

Chinese online games operator 9You has received $100 million in equity investment from Temasek Holdings and other investment institutions. The investment came after 9You’s launch of GTown, a virtual world…

Chinese Authorities Punishes Tudou and 61 Other Online Video Sites for Violating Regulations - 0 Comments
Posted By Pearl Research - Thu 20 Mar 2008 07:23 AM PST

In China, the expected has happened: The State Administration of Radio Film and Television (SARFT) has announced the results of its inspection on numerous online video sites, which was carried…

Reuters Acquires Minority Stake in Chinese Financial Information Portal - 0 Comments
Posted By Pearl Research - Wed 19 Mar 2008 08:01 AM PST

Reuters (NSDQ: RTRSY) has acquired a minority stake in ChinaWeb, the parent company of Chinese financial information portal Hexun. Founded in 1996, Hexun is now one of China’s largest financial…

Alibaba Wants A Buyer For Yahoo’s Stake: Report - 1 Comment
Posted By Joseph Weisenthal - Tue 18 Mar 2008 08:03 PM PST

Yahoo (NSDQ: YHOO) touted its Asian holdings as a key reason why Microsoft (NSDQ: MSFT) ought to pay more for the company, arguing that they represent extra strategic value. But…

BabyTree Receives $10 Million Venture Funding from Matrix Partners - 0 Comments
Posted By Pearl Research - Tue 11 Mar 2008 11:56 AM PST

Chinese website BabyTree.com has raised $10 million in venture funding from Matrix Partners China Fund. BabyTree provides an online platform for mothers to blog and exchange ideas about raising their…

Beijing Olympics: Chinese State Broadcaster Makes Online Plans With MySpace China, Tudou.com - 1 Comment
Posted By Staci D. Kramer - Thu 28 Feb 2008 10:45 PM PST

An intriguing move by China Central Television ... the Wall Street Journal reports that the state-run broadcaster is tying up with MySpace China and online-video site Tudou.com for an interactive…