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 [...]
According to reports in local Chinese media, the recruitment website Zhaopin.com and the interactive entertainment group Oak Pacific have jointly launched a new business-oriented social networking site, Jingwei.com, in China. A representative from Zhaopin.com has confirmed the news and told local media that unlike traditional business SNS websites, Jingwei.com aims to integrate the business SNS [...]
Li Guoqing, joint president of the Chinese Internet shopping website Dangdang.com, has announced that the company will stop putting advertisements on search engine Baidu.com from April 2011 due to the recent accusation that Baidu.com is involved in literature and music piracy. Over 50 Chinese writers and publishers claimed around March 15, the World Consumer Rights [...]
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. Tencent said that due to the good performances of its three major business sectors — Internet value-added services; mobile and telecom value-added services; and Internet advertising — the company achieved operating [...]
Chinese lifestyle information website Ganji.com has launched a new collective buying product, which will first cooperate with Womai.com owned by COFCO Group in providing group buying deals in Beijing. Ganji.com has reportedly contacted almost 100 vendors for initial cooperation, including many business-to-consumer websites and Golden Harvest Cinema. The products of Ganji.com's group buying will cover [...]
According to a document submitted by Qihoo 360 to the U.S. supervision organization, the Chinese Internet security company plans to launch its initial public offering in New York Stock Exchange, with the share code of QIHU. With UBS and Citibank as its underwriters, Qihoo 360 aims to gain USD200 million from this IPO. According to [...]
Chinese Internet video company Ku6.com has announced that Li Shanyou, founder and chief executive officer of Ku6.com, has resigned for career development reasons; however, he will still be director of the company and will offer operational guidance for Ku6.com. Meanwhile, Zhu Haifa, director of Ku6.com and chief investment officer of Shanda Group, has been appointed [...]
Customer relationship management company SugarCRM is hoping to appeal to more Chinese users with a new Chinese-language software offering. The company's latest version of Sugar 6 — CRM Made Simple — will reportedly offer full Chinese language and currency support. SugarCRM has simplified the installation and deployment of the new language packs. Users can select [...]
Canada-based BlueCat Networks announced it is investing an undisclosed amount of funds in Asia Pacific as part of its continued expansion in the region. With its customer base in China growing rapidly, BlueCat Networks has started its investment by opening offices in Beijing and Shanghai. The offices will be tasked with meeting the demand for [...]
China's top online travel website Ctrip.com International Ltd. today announced its unaudited financial results for the third quarter ended September 30, 2010, and stated total revenues of CNY863 million, representing a 48% increase from the same period in 2009 and a 16% increase from the previous quarter. "The 2010 Shanghai World Expo has boosted travel [...]
