SinoCast China IT Watch articles from February 2007

SinoCast China IT Watch archives from February 2007

NetEase Faces Challenges in Game Business.
February 28, 2007... (From SinoCast China IT Watch) BEIJING, March 01, SinoCast -- NetEase.com, Inc. (NASDAQ: NTES) on February 27 announced better-than-expected performance for the fiscal year ended December 31, 2006, along with pleasant fourth-quarter...

Income of China Finance Online Up in Q4; Down for 2006.
February 28, 2007... (From SinoCast China IT Watch) BEIJING, March 01, SinoCast -- China Finance Online (Nasdaq: JRJC) has seen its net income for the fourth quarter of 2006 rise 33% year on year, but its full year's net income fell 5% from a year ago to USD...

Domestic Stylus Printer Brands on the Rise.
February 28, 2007... (From SinoCast China IT Watch) SHENZHEN, March 01, 2007, SinoCast -- During the past year, stylus printers kept a steady growth and found new niches in the emerging industries and markets. In contrast to international brands that were...

Start Computer: No Investment into GuangYuan Media.
February 28, 2007... (From SinoCast China IT Watch) FUZHOU, March 01, SinoCast -- Fujian Start Computer Group Co., Ltd. (SHSE: 600734) has not invested into GuangYuan Media by now, the Fuzhou-based computer maker said on February 26 in its financial report...

Datang to Introduce Huge Private Fund.
February 28, 2007... (From SinoCast China IT Watch) BEIJING, March 01, SinoCast -- The news is inaccurate that Datang Telecom Technology and Industry Group (Datang) will receive huge capital injection, rumored to hit as much as CNY 4 billion, from the...

Lenovo to Cut Jobs Worldwide.
February 28, 2007... (From SinoCast China IT Watch) BEIJING, March 01, SinoCast -- Lenovo Group, one of the world's leading personal computer magnates, will launch a new round of restructuring and cut 1,000 jobs worldwide, according to people close to the...

Skype Sticks to China.
February 27, 2007... (From SinoCast China IT Watch) BEIJING, February 28, SinoCast -- An executive from Skype says this week that its joint venture with Tom Online, a wireless value-added telecom service provider in China, will keep independency. Skype...

Konka Grows Fast Overseas.
February 27, 2007... (From SinoCast China IT Watch) SHENZHEN, February 28, SinoCast -- Konka, one of the top- ranking home appliance makers in China, witnessed a rapid growth in its overseas businesses in 2006. Overseas sales revenues surged over 30...

New Handset Licenses Create Oversupply Worry.
February 27, 2007... (From SinoCast China IT Watch) SHENZHEN, February 28, SinoCast -- The National Development and Reform Commission, the top-rated economic planning body in China, announced on its official website it had granted new mobile phone production...

TSMC May Triple Production of Shanghai Fab.
February 27, 2007... (From SinoCast China IT Watch) SHANGHAI, February 28, SinoCast -- Taiwan Semiconductor Manufacturing Co may take over other company's production facilities to expand the capacity of its eight-inch chip fab in Shanghai, a move that is...

Telecom, Netcom in Competition Cooperation Agreement.
February 27, 2007... (From SinoCast China IT Watch) SHANGHAI, February 28, SinoCast -- China Telecom will stop contracting new subscribers in the North China market from March 1, and China Netcom will also not contract new subscribers in the South China...

Datang to Receive Huge Capital Injection.
February 27, 2007... (From SinoCast China IT Watch) BEIJING, February 28, SinoCast -- Datang Telecom Technology and Industry Group (Datang Group) will receive an enormous capital injection from the State-owned Assets Supervision and Administration Commission...

Baidu-EMI Partnership: No Final Solution for Copyright Issues.
February 25, 2007... (From SinoCast China IT Watch) BEIJING, February 27, SinoCast -- Baidu and EMI last month inked a strategic partnership over online music streaming and download services in China, providing a reference of the way of cooperation between...

Daniel Vlad: NetEase to Meet Expectations.
February 25, 2007... (From SinoCast China IT Watch) BEIJING, February 27, SinoCast -- NetEase.com, Inc. (Nasdaq: NTES), one of the biggest three Internet portals in China, is expected to release its financial results on January 27 (Beijing time) for the...

New Round of 3G Investment Said to Surge.
February 25, 2007... (From SinoCast China IT Watch) BEIJING, February 27, SinoCast -- The investment in the new round of the TD-SCDMA network construction will hit as much as CNY 26.7 billion, a sharp increase from the previously rumored CNY 18 billion,...

Sharp Changes TV Strategy at China Market.
February 25, 2007... (From SinoCast China IT Watch) BEIJING, February 27, SinoCast -- Foreign flat-panel TV brands again impressed Chinese market with their initiative in cutting prices during the nation's Spring Festival holiday, subtly indicating a reverse...

TechFaith Reports Net Loss for Q4.
February 25, 2007... (From SinoCast China IT Watch) BEIJING, February 27, SinoCast -- TechFaithWireless Inc. (TechFaith), one of the largest handset application software and handset solution providers in China, reported a net loss of USD 6.70 million...

Sohu 2006 Revenues Up.
February 16, 2007... (From SinoCast China IT Watch) BEIJING, February 19, SinoCast -- Sohu.com Inc. (Nasdaq: SOHU), China's leading online media, search and mobile value- added services company, has seen its total revenues in 2006 go up from the previous...

Baidu Saw Increased Sales.
February 16, 2007... (From SinoCast China IT Watch) BEIJING, February 19, SinoCast -- Baidu.com, the biggest Chinese Internet search engine provider, posted a five-fold jump in fourth-quarter earnings due to increased customer traffic and average spending...

China Unicom Upgrades GSM Network to Battle Rival.
February 16, 2007... (From SinoCast China IT Watch) SHANGHAI, February 19, SinoCast -- China Unicom, the second largest mobile carrier in the nation, has fulfilled the upgrade of its GSM network to GPRS, which allows its users to send multimedia messages and...

China Mobile to Set Schedule for TD Procurement This March.
February 16, 2007... (From SinoCast China IT Watch) SHANGHAI, February 19, SinoCast -- China Mobile, the top- ranking mobile carrier in the nation, will set the timetable for procurement of TD-SCDMA system equipment and terminals this March. According to...

Changhong Reports Upbeat Performance.
February 16, 2007... (From SinoCast China IT Watch) SICHUAN, February 19, SinoCast -- Sichuan Changhong Electric Co., Ltd., China's leading color TV maker, reported all-time high revenues of CNY 18,757.3181 million from major businesses for the fiscal year...

Cooperation of Television Makers Split.
February 16, 2007... (From SinoCast China IT Watch) SHENZHEN, February 19, SinoCast -- Julong Optical- Electronic, the joint venture co-founded by several major Chinese makers BOE, Skyworth, TCL, Konka, Changhong, and Shenchao, is likely to come to an end...

NetEase Releases Latest Version IM.
February 15, 2007... (From SinoCast China IT Watch) BEIJING, February 16, 2007, SinoCast -- Netease, one of the big three Internet portals in China, launched on February 9 the latest version of instant messaging software POPO Golden Pig and the web version...

China Unicom Shakes Up Personnel after Network Separation.
February 15, 2007... (From SinoCast China IT Watch) BEIJING, February 16, SinoCast -- China Unicom, the second largest mobile carrier in the nation, has started a new round of recruitment of senior executives, an aftermath of the marketing separation of its...

China Netcom Votes for Shanghai, Fujian Assets Sell.
February 15, 2007... (From SinoCast China IT Watch) BEIJING, February 16, SinoCast -- China Netcom Group Corporation (Hong Kong) Ltd (SEHK: 0906) will sell its assets for operations in Guangdong Province and Shanghai Municipality to its parent China Network...

Hongtu Sanpower Planning Back-door Listing.
February 15, 2007... (From SinoCast China IT Watch) SHANGHAI, February 16, SinoCast -- Hongtu Sanpower, the biggest IT products retail chain in China, is planning an independent listing via the acquisition of a public company. Established in October...

CEC Acquires Mobile Phone Business of Philips.
February 15, 2007... (From SinoCast China IT Watch) BEIJING, February 16, SinoCast -- China Electronics Corporation Group (CEC) finalized the agreement with the Dutch electronics magnate Philips in Beijing on February 12, whereby the Chinese company will take...

TCL Sued by LG in the US.
February 15, 2007... (From SinoCast China IT Watch) BEIJING, February 16, SinoCast -- TCL Corporation, one of the electronics magnates in China, has been brought to the court by LG Electronics of South Korea all of a sudden. TCL-Thomson Electronics Co.,...

Shanda Succeeded with Operation Transformation.
February 14, 2007... (From SinoCast China IT Watch) SHANGHAI, February 15, SinoCast -- Shanda Interactive Entertainment Limited (Nasdaq: SNDA), the largest online game operator in China, reported total revenues of CNY 470.6 million for the fourth quarter of...

China Unicom Names New Marketing Heads.
February 14, 2007... (From SinoCast China IT Watch) BEIJING, February 15, SinoCast -- China Unicom, the nation's second largest mobile telecom carrier, has almost completed the management shuffle in its headquarters in the light of the separation of its...

Huawei, ZTE are Pioneers in Africa.
February 14, 2007... (From SinoCast China IT Watch) SHANGHAI, February 15, 2007, SinoCast -- Africa will invest as much as USD 3.2 billion in wireless telecommunications in the coming five years, according to expectations out of World Bank. Now Huawei...

BOE Pumping CNY40mn into Display Unit.
February 14, 2007... (From SinoCast China IT Watch) BEIJING, February 15, SinoCast -- Beijing Oriental Electronics Group Co., Ltd. (BOE, SZSE: 000725), the biggest LCD maker in the Chinese mainland, announced an injection of CNY 40 million into its wholly...

LG-Philips, Chi Mei Expand LCD Capacity in China Mainland.
February 14, 2007... (From SinoCast China IT Watch) GUANGZHOU, February 15, SinoCast -- While slashing its global capital expenditure, LG-Philips will earmark half of its capital budget for 2007 for capacity expansion in China Mainland. LG-Philips won...

Chinese TV Makers to Support TCL in LG Lawsuit.
February 14, 2007... (From SinoCast China IT Watch) BEIJING, February 15, SinoCast -- TCL, one of China's most well-known TV makers, said it has not yet received official information of the lawsuit filed by LG over its alleged infringement of four of the...

Guangdong Telecom in Province-wide Management Adjustment.
February 13, 2007... (From SinoCast China IT Watch) GUANGDONG, February 14, SinoCast -- Guangdong Telecom, the branch of China's No. 1 fixed-line operator China Telecom for Guangdong Province, is seeing a managerial staff adjustment for operations across the...

New Round of TD Network Construction to Finish This October.
February 13, 2007... (From SinoCast China IT Watch) BEIJING, February 14, SinoCast -- The closely watched new round of TD-SCDMA network construction is scheduled for completion this October, an industry insider revealed on February 11, and accordingly some...

Tiansheng Media Trumpets Premier League Broadcasting Right.
February 13, 2007... (From SinoCast China IT Watch) BEIJING, February 14, SinoCast -- Tiansheng (Shanghai) Digital TV Development, a fee-based sports channel operator established by Guangdong TV Station, obtained the broadcasting rights for all the 380...

ITopHome Encounters Resistance.
February 13, 2007... (From SinoCast China IT Watch) QINGDAO, February 14, 2007, SinoCast -- After China's wireless network standard WAPI failed to become international standard last year, ITopHome, the networked home appliance standard owned by Chinese home...

ZTE Poaches Big Customer from Domestic Rival.
February 13, 2007... (From SinoCast China IT Watch) SHENZHEN, February 14, SinoCast -- ZTE Corporation, one of the leading telecom equipment manufacturers in China, announced on February 12 that it had wrapped up an agreement with Vodafone, the world's...

TCL Implements Worldwide Transformation of TV Operations.
February 13, 2007... (From SinoCast China IT Watch) BEIJING, February 14, SinoCast -- TCL, China's biggest publicly traded consumer electronics maker, is said to sell its TV plant in Poland, as well as to cut CRT TV productions of its plants in Mexico and...

VC Eyes Restaurants Directory Sites.
February 12, 2007... (From SinoCast China IT Watch) BEIJING, February 13, SinoCast -- With more and more people turning to Internet to book dinner or look for cuisine and restaurants information, the average daily orders of most of the dinner-booking...

Ctrip 2006 Net Up.
February 12, 2007... (From SinoCast China IT Watch) BEIJING, February 13, SinoCast -- Ctrip.com International, Ltd. (Nasdaq: CTRP) reported net revenues of USD 29 million for the fourth quarter ended December 31, 2006, up 45% year on year, as well as net...

Apple Lost Lawsuit in China.
February 12, 2007... (From SinoCast China IT Watch) GUANGZHOU, February 13, 2007, SinoCast -- The profit sharing prompting policy adopted by Apple in China 2005 still has its sequelae up to now. The district court of Yuexiu, Guangzhou ruled on February 6...

WiMax Adds New Variable to China's Homemade 3G Standard.
February 12, 2007... (From SinoCast China IT Watch) BEIJING, February 13, SinoCast -- China's homemade 3G standard will have to confront fresh challenge after WiMax is accepted as new 3G standard by the International Telecommunication Union (ITU). The...

IBM Sale of Lenovo Shares Led to Suspension.
February 12, 2007... (From SinoCast China IT Watch) HONG KONG, February 13, SinoCast -- The trading of shares of China's Lenovo Group (SEHK: 0992) were suspended suddenly 16 minutes after the market opened on February 6 when IBM sold Lenovo shares. ...

NEC Acknowledges Notebook Problem.
February 12, 2007... (From SinoCast China IT Watch) HANGZHOU, February 13, SinoCast -- Japan-based NEC Corp. acknowledged in a statement on its website that something was wrong with its notebook coded VERSAS3100. The statement serves as a formal...

Baidu Expanding News Business.
February 9, 2007... (From SinoCast China IT Watch) BEIJING, February 12, SinoCast -- Baidu, the leading Chinese search engine provider, has edged into the data news sector recently and is operating a talk program now. Based on searching results of...

SINA Posts Results for Fiscal 2006.
February 9, 2007... (From SinoCast China IT Watch) BEIJING, February 12, SinoCast -- SINA Corporation (NASDAQ: SINA), the leading online media company and value-added service (VAS) provider in China, just released the unaudited financial results for the...

China Unicom to Start New GSM Number Segment Next Month.
February 9, 2007... (From SinoCast China IT Watch) GUANGZHOU, February 12, SinoCast -- China Unicom, the second largest mobile carrier in the nation, will start to sign up users for its GSM service with the newly obtained number segment 156 in Guangdong...

Sony, Warner-Investment to Challenge Apple.
February 9, 2007... (From SinoCast China IT Watch) SHANGHAI, February 12, SinoCast -- Sony BMG Music Entertainment and Warner Music Group recently announced their investment in Beijing-based Access China Media Solutions, revealing the two record giants'...

PTAC Steps into Retailing Bsuiness.
February 9, 2007... (From SinoCast China IT Watch) SHENZHEN, February 12, 2007, SinoCast -- China P&T Appliances (PTAC), the biggest mobile phone distributor in China, is stepping into retailing business, according to some previous reports. Wen Jie,...

Panasonic to Locate Major AC Compressor Operations in China.
February 9, 2007... (From SinoCast China IT Watch) BEIJING, February 12, SinoCast -- Matsushita Electric Industrial Co will close up its air conditioner compressor factory in Kofu of Japan in March next year, and the business is planned to be transferred to...

Team Adjustment upon Falling Revenue.
February 8, 2007... (From SinoCast China IT Watch) BEIJING, February 09, 2007, SinoCast -- In terms of the latest market report our of Internet search firm CNNIC, Sohu.com, known as the traditional big three Internet portals in China, slipped out of the top...

eBay Sells Non-profiting China Business, Retreat or Advance?
February 8, 2007... (From SinoCast China IT Watch) BEIJING, February 09, SinoCast -- eBay, the US-based electronic commerce behemoth, has sold eBayEach.net, its China business unit to TOM Group. Does eBay want to retreat from China? After more clues have...

Mobile Phone Price Falling on Lowered Tariff.
February 8, 2007... (From SinoCast China IT Watch) BEIJING, February 09, SinoCast -- Mobile phones in Beijing have seen an average price fall of 20 percent these days when telecom carriers have started to promote the one-way charging scheme in the city. ...

China Mobile Places Huge Order for TD Equipment.
February 8, 2007... (From SinoCast China IT Watch) BEIJING, February 09, SinoCast -- China Mobile has placed huge orders for TD-SCDMA system equipment, revealed an executive in charge of TD testing from a member company of TD-SCDMA Industry Alliance on...

Haier Wins Green Light for Indian Telecom Market.
February 8, 2007... (From SinoCast China IT Watch) SHANGHAI, February 09, SinoCast -- China's household-known consumer electronics maker Haier has won official approval to operate handset marketing business in India, hoping to share a piece of the pie in...

Taiwan Microchip Packager to Move Deeper in Mainland.
February 8, 2007... (From SinoCast China IT Watch) SHANGHAI, February 09, SinoCast -- China Taiwan-based Advanced Semiconductor Engineering Inc. (NYSE: ASX, TAIEX: 2311) has recently signed a joint venture memorandum with European chipmaker NXP...

Fixed-line Carrier Betting on Home Users.
February 5, 2007... (From SinoCast China IT Watch) BEIJING, February 06, SinoCast -- Amid fast pervasion of mobile and Internet businesses, fixed-line carriers have started to approach closer towards home users with innovative value- added services, hoping...

Sinomanic to Launch Low-cost Notebooks for Students & Farmers.
February 5, 2007... (From SinoCast China IT Watch) CHENGDU, February 06, SinoCast -- Sichuan Sinomanic Co., Ltd. (Sinomanic), an enterprise member of Sinomanic Industry Association, recently announced in Chengdu that it had completed the design of...

Philips Mulling over Expansion in China.
February 5, 2007... (From SinoCast China IT Watch) GUANGDONG, February 06, SinoCast -- The Dutch electronics giant Philips will seek strategic acquisitions in China this year, in a response to its business expansion in the country after the global...

XOCECO Suffered Huge Losses 2006.
February 5, 2007... (From SinoCast China IT Watch) XIAMEN, February 06, 2007, SinoCast -- Xiamen, Fujian-based television maker XOCECO announced on February 4 that the company was expected to see huge losses for the 2006 fiscal year. The company still...

China Unicom Separating Marketing Dept.
February 5, 2007... (From SinoCast China IT Watch) BEIJING, February 06, SinoCast -- China Unicom, the nation's second largest mobile telecom carrier, is busy separating its marketing department into two divisions to serve its GSM and CDMA networks...

2007, A Critical Year for China's Telecom Industry.
February 5, 2007... (From SinoCast China IT Watch) BEIJING, February 06, SinoCast -- April of this year is most likely to become a watershed for China's telecom industry, with the possibility that all the closely-watched issues there will be finalized then....

Mangocity Plays Catch-up.
February 2, 2007... (From SinoCast China IT Watch) BEIJING, February 05, 2007, SinoCast -- Even while Ctrip and eLong, the top two online traveling portals in China's mainland, have grabbed as much as 75 percent of the market, Mangocity.com still has eaten...

Fixed-line Carriers Rumored to Win 3G Licenses amid One-way.
February 2, 2007... (From SinoCast China IT Watch) BEIJING, February 05, SinoCast -- China's fixed-line telecom operators are expected to win 3G licenses soon while China Mobile and China Unicom, the top two mobile telecom carriers in the world's most...

China Mulling Initiative in 4G.
February 2, 2007... (From SinoCast China IT Watch) BEIJING, February 05, SinoCast -- While China has not yet officially starts commercial operation of the third-generation of telecom networks, the country has already placed a close watch on the progress of...

China's Photovoltaic Industry Facing Reshuffle.
February 2, 2007... (From SinoCast China IT Watch) SHANGHAI, February 05, SinoCast -- In view of the slipping German market, as well as Germany's foreseeable policy change on photovoltaic products import, China's photovoltaic industry is facing a reshuffle....

Merger of China LCD Panel Makers Come to Substantial Stage.
February 2, 2007... (From SinoCast China IT Watch) SHANGHAI, February 05, SinoCast -- The merger of China's leading LCD panel manufacturers have come to the substantial stage after they wrapped up a letter of intent at the end of last year. If...

Xoceco Predicts Big Loss for Fiscal 2006.
February 2, 2007... (From SinoCast China IT Watch) XIAMEN, February 05, SinoCast -- Shanghai-listed TV maker Xiamen Overseas Chinese Electronic Co., Ltd. (Xoceco, SHSE: 600870) announced a big loss expectation for fiscal 2006 and will give details in its...

MySpace Goes to China by The 4th Way.
February 1, 2007... (From SinoCast China IT Watch) SHANGHAI, February 02, SinoCast -- America's leading social networking portal MySpace will start its business in China through investing in a local company jointly with venture capitalists, which is seen...

One-way Charging to Come in Guangdong.
February 1, 2007... (From SinoCast China IT Watch) GUANGZHOU, February 02, SinoCast -- A caller-pays scheme on mobile phone call is expected to be practiced across Guangdong, according to telecom regulators of the southern Chinese province. The new...

Handset City Saw Ill-fitting Profits.
February 1, 2007... (From SinoCast China IT Watch) SHENZHEN, February 02, 2007, SinoCast -- Shenzhne, known as the number one handset export city in China's mainland, held its position at the top with an export volume of 66.66 million in 2006, head and...

Merger, An Outlet of Growth for Xinwei & McWiLL.
February 1, 2007... (From SinoCast China IT Watch) BEIJING, February 02, SinoCast -- China's securities watchdog has rejected the listing application of Beijing-based Xinwei Telecom, which has aroused wide attention on the future of this innovation-oriented...

SMIC Turned to Profit in Q4.
February 1, 2007... (From SinoCast China IT Watch) SHANGHAI, February 02, SinoCast -- Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) reported a net income of USD 1.22 million in the fourth quarter of 2006, turning about from...

SMIC Seeks A-share Listing to Ease Financial Squeeze.
February 1, 2007... (From SinoCast China IT Watch) SHANGHAI, February 02, SinoCast -- Semiconductor Manufacturing International Corporation (SMIC), the biggest chip maker in China Mainland, is seeking an A-share listing to finance its enormous expansion...