Chinese online travel service provider eLong Inc. reported its unaudited financial results for the first quarter ended March 31, 2011, and said Tencent made a strategic investment in the company. Chinese online gaming and instant messaging firm Tencent Holding Limited yesterday made a strategic investment in eLong, acquiring approximately 11 million newly-issued shares for USD84 [...]
Internet travel services company Ctrip.com International Ltd. announced its unaudited financial results for the quarter ended March 31, 2011, and stated that revenues rose. For the first quarter of 2011, Ctrip reported total revenues of CNY814 million, representing a 30% increase from the same period in 2010. Total revenues for the first quarter of 2011 [...]
Chinese Internet company NetEase.com has recently announced that the number of its email users has reached 360 million, a net increase of 40 million from 320 million at the end of 2010. A representative from NetEase.com's email division told local media that in the future, NetEase.com will establish its email business into a new communication [...]
Chinese online and wireless media company Sina Corporation says its profit fell on higher costs as it announced its unaudited financial results for the first quarter ended March 31, 2011. For the first quarter of 2011, Sina reported net revenues of USD100.2 million, compared to USD85.0 million for the same period last year. Of that [...]
Chinese online and mobile company Tencent Holdings Limited today announced its unaudited consolidated results for the year's first quarter ended March 31, 2011. Tencent, which uses the International Financial Reporting Standards and is listed in Hong Kong, says its total revenues were USD966.8 million, an increase of 14.7% over the fourth quarter of 2010 or [...]
The Russian innovation company i-Free has announced in Beijing that it will launch its top mobile phone applications products in the mainland China market. These products include PowerAMP Music Player, a non-game application; some casual games produced by Alawar Entertainment, an international publisher and distributor of casual games; Smartive, i-Free self-developed mobile software which help [...]
Chinese B2B e-commerce group Alibaba has completed its acquisition of the traffic statistics service provider CNZZ, marking a crucial step for the group's layout within the e-commerce industry chain. Early in February 2011, there was rumor on the Internet saying that Alibaba planned to invest USD15 million to acquire CNZZ, a Chinese traffic statistics service [...]
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 [...]
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 [...]
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 [...]
