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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…

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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…

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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…

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Sina Spins Off Real Estate Into Separate Portal Company; Ties With Real Estate Agency - 1 Comment
Posted By Amanda Natividad - Wed 27 Feb 2008 09:40 AM PST

An interesting spin-off from within Chinese portal Sina (NSDQ: SINA) and keen to see if this becomes a trend of some sort with other portals: it is spinning off its…

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Earnings: Shanda Revs Up 52 Percent; Income Up 22 Percent - 0 Comments
Posted By Joseph Weisenthal - Mon 25 Feb 2008 04:31 PM PST

Chinese internet firm Shanda (NSDQ: SNDA) has reported Q4 revenue of $97.8 million, up 51.8 percent year-on-year. Net income was up 21.8 percent to $40.1 million. A 59.4 percent rise…

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Chinese Ad Firm eMar Closes $10 Million Second Round Funding - 0 Comments
Posted By Pearl Research - Thu 21 Feb 2008 12:23 PM PST

Chinese online advertising firm eMar announced that the company has completed its series B financing, receiving $10 million in equity investment from CDH Investments and Walden China. Founded in 2004,…

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Earnings: NetEase Q4 Revs Up 15 Percent; Income Up 21 Percent - 0 Comments
Posted By Joseph Weisenthal - Wed 20 Feb 2008 04:12 PM PST

Rounding out our trifecta of Chinese internet names this evening, MMO developer Netease (NSDQ: NTES) announced Q4 revenue of $85.3 million, up 15.1 from $74.1 million in the year-ago period.…

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Earnings: Giant Interactive Q4 Revenue Grows 152 Percent; Income Soars - 0 Comments
Posted By Joseph Weisenthal - Wed 20 Feb 2008 03:28 PM PST

Chinese online gamer Giant Interactive (NYSE: GA) reported Q4 revenue of $59.6 million, up 151.8 percent from $23.6 million in the equivalent year-ago quarter. Net income soared to $45.7 million,…

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Earnings: Sina Q4 Revs Up 25 Percent; Net Income Up 49 Percent; Ads Grow 40 Percent - 0 Comments
Posted By Joseph Weisenthal - Wed 20 Feb 2008 03:12 PM PST

Chinese online media company Sina.com announced Q4 revenue of $70.7 million, up 25 percent from $56.4 million in last year’s equivalent period. Net income grew 49 percent to $17.5 million…

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China Roundup: HSW Spins Off Non-Core; Mixi Planning China Launch - 1 Comment
Posted By Rafat Ali - Wed 20 Feb 2008 09:22 AM PST

-- HSW International: The Chinese online publishing firm whose main business is offering translated versions of the US-based site HowStuffWorks.com (now owned by Discovery) to viewers in China and Brazil,…

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Ron Burkle’s Yucaipa Ups Stake In XFML; Now At 12 Percent - 0 Comments
Posted By Joseph Weisenthal - Tue 19 Feb 2008 05:08 AM PST

Ron Burkle’s investment vehicle The Yucaipa Companies has increased its stake in Chinese media firm Xinhua Financial Media Limited (NSDQ: XFML). The company will issue $30 million in preferred shares…

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Update: Chinese Regulators Concerned About MSFT-YHOO’s Effect On Alibaba - 0 Comments
Posted By Joseph Weisenthal - Sun 17 Feb 2008 05:56 PM PST

That a Microsoft-Yahoo tie up would draw some serious scrutiny from the EU almost goes without saying. But because of Yahoo’s significant holdings in the Alibaba Group, the deal may…

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Studios Sue Google-Backed Chinese P2P Site Xunlei - 1 Comment
Posted By Rafat Ali - Sun 17 Feb 2008 11:22 AM PST

The Motion Picture Association, which includes six movie studios, has filed copyright infringement suits in China against Shenzhen Xunlei Networking Technology, a popular P2P file sharing service. The suit alleges…

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Earnings: Baidu Q4 Revs More Than Double; Net Income up 79 Percent - 2 Comments
Posted By Joseph Weisenthal - Wed 13 Feb 2008 02:52 PM PST

Chinese search engine Baidu (NSDQ: BIDU) reported Q4 revenues of $78.3 million, up over 100 percent from last year’s $37.7 million. Net income also soared, increasing 79 percent to $30.1…

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Earnings: XFML Q4 Revenue Doubles; Print And Online Ads Up 35 Percent - 0 Comments
Posted By Joseph Weisenthal - Wed 13 Feb 2008 02:33 PM PST

Chinese media company Xinhua Financial Media Limited (NSDQ: XFML) reported Q4 revenue of $48.5 million, more than doubling from $34.1 million in the equivalent quarter the year before. Net income…

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Hong Kong Social Net HeySpace Raises $10.75 Million Of $20 Million First Round - 0 Comments
Posted By Joseph Weisenthal - Tue 12 Feb 2008 12:36 PM PST

Hong Kong-based social net HeySpace has raised $10.75 million of a planned $20 million first round, reports PE Hub. No investors have been named. Based on various reports, including this…

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