Alibaba’s Mobile Advertising Income Reached USD11 Billion In 2016
Chinese e-commerce giant Alibaba Group realized USD11 billion mobile advertising revenue in 2016, accounting for 40.3% market share in the …
China’s Baidu Misses Expectations As Net Profit Crashes 18.9%
Chinese search engine company Baidu published its unaudited financial report for the first quarter ended March 31, 2016, stating that …
Alibaba’s South China Morning Post Purchase Puts Focus On News Coverage
Chinese e-commerce boss Jack Ma is emulating America’s Amazon.com boss Jeff Bezos, who recently purchased The Washington Post, by purchasing his own media empire in Hong Kong, the South China Morning Post. Alibaba Group Holding Limited says it has entered into a definite agreement to acquire the South China Morning Post and other media assets […]
What Twitter Can And Can’t Do In Hong Kong As It Views China
Hong Kong’s geographic proximity to mainland China belies the gulf in business practices, Internet laws, and access that Twitter will find between the refined transparency of Hong Kong and the nuances and perils of the mainland Chinese Internet sector. Twitter announced plans this week to open an office in Hong Kong. Though the company says […]
Facebook To Establish Office In Taiwan
Facebook will reportedly set up a new office in Taiwan which will be engaged in platform advertising sales.
Letv.com Says Chinese Internet Video Business Is Hot
In the face of massive competition from state-owned businesses, stalwarts like Youku Tudou, and mobile-only start-ups, Chinese Internet video website Letv.com says it’s profits are bursting. Letv.com published its unaudited annual performance pre-announcement for 2013, stating that the company expects to see net profit between CNY250 million and CNY270 million, a year-on-year increase of 30% […]
China’s 360buy.com Confirms Development Of Third-party Internet Advertising System
Privately-owned Chinese B2C e-commerce website 360buy.com confirmed that it is developing an open platform advertising system for third parties.
UCWeb CFO: UCWeb To Launch IPO In 2013
Roy Rong, chief financial officer of Chinese Internet company UCWeb, revealed during an interview in Bloomberg’s office in San Francisco that the company plans to launch its initial public offering in 2013.
Operating Expenses Jump As Sohu.com Reports Record China Revenues
Chinese online media and entertainment company Sohu.com Inc. announced record total revenues of USD233 million, up 42% year-over-year and 17% quarter-over-quarter, as it reported its unaudited financial results for the third quarter ended September 30, 2011.
China’s Hasee To Invest CNY30 Million In Internet Marketing
Chinese information technology company Hasee and the Internet video website Qiyi.com have jointly announced in Beijing that the two parties have reached strategic cooperation, and Hasee will invest CNY30 million to place advertisements on Qiyi.com.
Chinese Social Media Site Renren.com Files For IPO
Chinese social networking site Renren.com filed plans to sell up to nearly USD675 million worth of shares in an initial public offering in the United States this year.
China’s Tencent Net Profit Up 56.2% In 2010
Chinese Internet company Tencent has published its annual financial report for 2010, stating that its net profit increased by 56.2% year-on-year to CNY8.054 billion.
NetEase.com Says Almost All Of Its China Revenue Derived From Online Games
Chinese Internet portal and online game service provider NetEase.com Inc. announced its unaudited financial results for the third quarter ended September 30, 2010.
Sina.com Forecasts Lower Net Revenue From Chinese Internet Operations
Chinese online and wireless value-added service media company Sina Corporation announced its unaudited financial results for the quarter ended September 30, 2010, and said net revenues grew 12% year over year to USD108.2 million but the company expects lower results in the following quarter.
Google Ends Deals With Seven Chinese Advertising Agents
Search engine giant Google has announced that it will terminate the agency qualifications of seven Chinese advertising agents and the termination agreement will become effective from October 27, 2010, according to reports in foreign media.
More Jobs In China Strengthen 51Job.com’s Earnings
Chinese online recruitment company 51job Inc. announced its unaudited financial results for the second quarter of 2010 ended June 30, 2010, and stated total revenues increased 35.7% over the second quarter of 2009 to CNY262.4 million.
Mobile Revenues Sink While Internet Ads Increase In China For Sina.com
Chinese online media portal and mobile value-added services firm Sina Corporation announced its unaudited financial results for the quarter ended March 31, 2010, and stated its net revenues grew 15% year-on-year.
Focus Media Implements Allyes MBO As Digital Advertising Revenue Plummets In China
Chinese digital media group Focus Media has announced that the company and its subsidiary Allyes will implement a management buyout, acquiring a 38% stake in Allyes for USD13.3 million.
Internet Recruitment Slows In China, 51job.com Posts 5% Annual Revenue Decline
Showing that Chinese businesses were slow to hire new employees in 2009, Chinese online recruitment company 51job Inc. just revealed its unaudited financial results for the fourth quarter of 2009 and for the fiscal year ended December 31, 2009, and stated that revenues fell 5% from 2008.
Baidu Posts Increased Search Engine Profit In China
Amidst news of a major security breach and the fleeing of its chief technology officer, Chinese search engine Baidu.com has managed to post increased profit for the end of 2009.
Focus Media Appoints Former Goldman Sachs Exec As Chief Financial Officer
Chinese digital media and advertising company Focus Media Holding Limited has announced a couple of key executive appointments.