Shanda Starts Beta Tests Of Chinese Microblog Platform

Shanda Interactive Entertainment Limited has started the beta tests of its new microblog product, Tuita.com. According to a person in charge of Tuita.com, they will first invite some people to participate in the beta tests by sending the url to their email boxes. After posting a certain amount of texts and gaining more fans, they [...]

Apple Employees Accused Of Beating iPad Customers In Beijing

Chinese social media websites are ablaze today with rumors, photos, and innuendo that at least one non-Chinese employee working for Apple was responsible for hitting customers waiting on line to buy the iPad 2 in Beijing. Though the iPad was released in other countries a couple months ago, it only legally became available in China [...]

Youku.com Extends Net Loss In Chinese Internet Video Sector

Chinese online video website Youku.com Inc. today announced its unaudited financial results for the first quarter ended March 31, 2011, and provided investors with an 8% net loss. While the company stated its revenues were CNY128.0 million — a 163% increase from the corresponding period in 2010 — its net loss was CNY46.9 million, an [...]

American Senator’s Missive Won’t Dent Chinese Search Engine’s Censorship Regime

United States Assistant Senate Majority Leader Dick Durbin has penned a letter to the chairman of China's largest Internet search engine, asking for more transparency and greater adherence to human rights. In a message written to Robin Li, chairman and CEO of Baidu Inc., Durbin says that a rumored pending deal between U.S.-based Facebook.com and [...]

Internet Job Postings Push 51job.com To Higher Revenue In China

Chinese online recruitment company 51job Inc. announced its unaudited financial results for the first quarter of 2011 ended March 31, 2011. Net income for the first quarter of 2011 increased 81.6% to CNY91.6 million from CNY50.4 million for the same quarter in 2010. Total revenues increased 27.6% over the first quarter of 2010 to CNY324.5 [...]

Chinese Browser Company Creates National Mobile Internet Innovation Center

Chinese technology company UC has announced that it has teamed with the National Software and Integrated Circuit Public Service Platform in the establishment of the first national mobile Internet application innovation center in China. This is also reportedly the first industry research organization co-founded by a national public service platform and a business unit in [...]

Bad Software Tidings In China As Kingsoft’s Revenue Drops

Chinese Internet game and software company Kingsoft has published its annual performance for 2010, stating that its annual operating revenue decreased by 5% year-on-year to CNY970 million while its net profit decreased by 4% year-on-year to CNY370 million. Qiu Bojun, chairman and chief executive officer of Kingsoft, told local media that the year 2010 was [...]

Apple To Start Selling iPad 2 In Hong Kong From April 2011

Apple Inc. has announced that it plans to start selling iPad 2, the second-generation of its tablet computer product, in 25 countries and regions from March 25, 2011, and the new product will be available in Hong Kong from April. According to the official press release of Apple, iPad 2 will first enter the markets [...]

HP To Build First Experience Center In Beijing

American technology company HP has held a new strategy, brand and product launch in Shanghai and the company announced that it will open its first experience center in Beijing this month. According to Jos Brenkel, president for the Asia Pacific and Japan regions of HP information product group, to enhance the communication between consumers and [...]

China’s Midea Gained Net Profit Of CNY3.127 Billion In 2010

Chinese home appliance maker Midea has announced its 2010 performance report, stating that due to the optimization of its product structure and sales increase, its operating revenue increased by 57.70% year-over-year to CNY74.559 billion and its net profit increased by 69% year-over-year to CNY3.127 billion. Midea said that during the year 2010, its business structure [...]

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