SinoCast China IT Watch articles from November 2008

SinoCast China IT Watch archives from November 2008

China Telecom Issues CDMA Customization Criteria.
November 28, 2008... BEIJING, December 01, SinoCast -- Chinese mobile phone producers are expected to win larger market share in the centralized procurement of CDMA terminals kicked off by China Telecom Corporation Ltd. (NYSE: CHA and SEHK: 0728). On...

Haier Computer Streamlines Corporate Structure amid Crisis.
November 28, 2008... QINGDAO, December 01, SinoCast -- Changes in the human resources of Chinese personal computer manufacturers have become common occurance lately, as the Chinese IT product market sinks into sluggishness due to a slowdown in both the domestic...

Ericsson to Invest more in China.
November 28, 2008... SHENZHEN, December 01, SinoCast -- Ericsson has got ready for the 3G era and will not scale back investment in China due to the global financial crisis. Instead it is likely to bet more in this fast growing economy in the coming years,...

Shanghai Debuts a Display Center for OLED Production.
November 28, 2008... SHANGHAI, December 01, SinoCast -- A flat panel display united engineering and technology center on November 28 made its debut in Shanghai. The united center was jointly formed by Shanghai University and SVA Electron Co., Ltd. (SHSE:...

ELong Q3 Suffered Net Loss of CNY15.5mn.
November 28, 2008... BEIJING, December 02, SinoCast -- ELong, Inc. (Nasdaq: LONG), a leading online travel service provider in China, lately reported a net loss of CNY 15.5 million in its unaudited financial results for the third quarter of 2008, CNY 8.1 million...

Semiconductor Sector to See Blockbuster Deals.
November 27, 2008... SHENZHEN, December 01, SinoCast -- Hard pressed by the global financial crisis, the semiconductor manufacturing industry is brewing a new wave of intense deal-making. Huahong NEC now is at the critical stage of purchasing Shanghai Hong...

B2C Players Trying to Keep Costs under Control.
November 27, 2008... SHENZHEN, November 28, SinoCast -- To ride out the financial crisis ripping through the world and the industry recession, two B2C heavyweights Dangdang.com and Amazon.cn have resorted to different crisis remedies to keep costs under control...

Online Game: Port for Internet Industry.
November 27, 2008... BEIJING, November 28, SinoCast -- While the financial crisis is spreading around the world, China's online gaming industry is experiencing a spring. Except Shanghai Shanda Interactive Entertainment Ltd. (Nasdaq: SNDA), other major...

Kingsoft Q3 Revenue Surged 48%.
November 27, 2008... BEIJING, November 28, SinoCast -- Chinese software developer Kingsoft Corporation Ltd. (SEHK: 3888) reported a total revenue of CNY 217 million for the quarter ended September 30, 2008, hiking 48% from the comparable period of 2007. ...

Huawei 08 Terminal Business to Surge 74%.
November 27, 2008... BEIJING, November 28, SinoCast -- Huawei Technologies Co., Ltd., a leading provider of next generation telecommunications networks in China, is expected to obtain a revenue of USD 4 billion from its terminal business in 2008, surging 74% year...

Taiwan Eases Restrictions on Mainland Interment.
November 27, 2008... SHENZHEN, November 28, SinoCast -- The Taiwan government is considering lifting the ban on investment by local DRAM companies in the mainland as they have been hammered by the economic slowdown and grappling with overstock. That means Taiwan...

VCs Still Getting behind Innovative Start-ups.
November 25, 2008... SHENZHEN, November 26, SinoCast -- Though the financial crisis has made venture capital firms more cautious about investment, they are still big fans of some innovative star- ups. Lvmama.com, the biggest resort tickets selling website in...

Internet Portals Emerge from Crisis Relatively Unscathed.
November 25, 2008... SHENZHEN, November 26, SinoCast -- Chinese Internet companies maintained a good momentum of growth even in the face of the global financial crisis. Latest performance reports of big four Chinese Internet portals Sohu, Sina, Netease and...

Mobile Phone TV Shopping in Disputes.
November 25, 2008... BEIJING, November 26, SinoCast -- The robust TV shopping market for mobile phones is once again involved in disputes, citing a report by the Beijing Consumers' Association. After monitoring and researching on 120,000 advertising messages...

Beijing Mobile to Take Away 110,000 Clients from Rivals.
November 25, 2008... BEIJING, November 26, SinoCast -- Beijing branch of China Mobile Ltd. (SEHK: 0941 and NYSE: CHL), the nation's largest mobile telecommunications carrier, in 2008 plans to take away 110,000 clients from China Unicom Ltd. (SEHK: 0762, SHSE:...

Eyang Holdings Modifies 3G Investment.
November 25, 2008... BEIJING, November 26, SinoCast -- Analysts are worried again about the prospect of the Chinese 3G telecoms industry, as some links of the industrial chain seem to grow more and more pessimistic. Eyang Holdings (Group) Company Ltd., one of...

Tencent: Defense from Plug-ins for QQ Users.
November 24, 2008... BEIJING, November 25, SinoCast -- Tencent Holdings Limited (SEHK: 0700) is said to block plug-in software's illegitimate functions such as releasing users' IP addresses, and revealing whether they are hidden from being seen. Some...

Second-Phase CMMB Network to Cover 137 Chinese Cities.
November 24, 2008... BEIJING, November 25, SinoCast -- All China mobile multimedia broadcasting (CMMB) terminals in 2009 will be embedded with certification authority (CA) chips, and programs on them will be encrypted, once CMMB starts formal commercial...

Gome Chairman Said to be Detained by the Police.
November 24, 2008... BEIJING, November 25, SinoCast -- Wong Kwong Yu, chairman of China's largest home appliance retailer Gome, was reportedly detained by the police. Local media said that the chairman was under investigations for manipulating stock price of...

China Telecom Bets More on CDMA.
November 24, 2008... BEIJING, November 25, SinoCast -- China Telecom Corporation Limited (SEHK: 0728, NYSE: CHA and PINK: CHJHF) is enhancing its scramble for the Chinese mobile telecoms market with its CDMA services. The assets about the business were bought...

China Unicom Finalizes Management Team.
November 24, 2008... SHENZHEN, November 25, SinoCast -- China Unicom has basically finished the latest round of personnel adjustment of, which was kicked off after it merged with China Netcom under the national telecom restructuring plan. So far it has...

CCTV Ad Bids Likely to Hit CNY10bn.
November 20, 2008... BEIJING, November 21, SinoCast -- The worldwide financial crisis seems have not shadowed the advertising bidding invitation of CCTV. On November 18, 2008, Shi Yuzhu's Giant Interactive Group Inc. (NYSE: GA) won the bid for broadcasting...

Pomoho.com to Cut Jobs Amid Industry Recession.
November 20, 2008... BEIJING, November 21, SinoCast -- Pomoho.com, a popular video sharing site in China, is joining its domestic peers in cutting jobs under increasing pressure from the global economic recession. The Beijing-headquartered online video...

51.com to Enter Online Game Market.
November 20, 2008... SHANGHAI, November 21, SinoCast -- Chinese-language social networking website 51.com is expected to enter the online game market more smoothly, with the support from Giant Interactive Group Inc. (NYSE: GA), China's leading online game...

TCL Executive Shake-up Finalized.
November 20, 2008... SHENZHNE, November 21, SinoCast -- Chinese well-known home appliance and mobile phone maker TCL Group is undergoing a new round of shake-ups at the top. Liu Fei, former chief executive officer of the mobile phone unit of the group, has been...

Changhong Offers Farmers with Deep Discounts.
November 19, 2008... SICHUAN, November 21, SinoCast -- Chinese home appliance heavyweight Changhong announced with fanfare yesterday that it would provide home appliance buyers in the rural area with subsidies 13% of the retail prices of several LCD and PDP TV...

Baidu Faces Trust Crisis.
November 19, 2008... BEIJING, November 20, SinoCast -- Affected by CCTV's exposure of releasing false drug information in its ranking bid, China's largest search engine Baidu.com Inc. (Nasdaq: BIDU) saw its stock price drop 25.04% on November 17, 2008, and closed...

PR Newswire Acquires Xinhua PR Newswire.
November 19, 2008... BEIJING, November 20, SinoCast -- PR Newswire Association LLC (PR Newswire) has acquired Xinhua PR Newswire (XPRN) and part of the corporate announcement business from Xinhua Finance Limited (Xinhua Finance), enlarging its foothold in the...

Telecom Investment to Soar upon 3G Licenses.
November 19, 2008... SHENZHEN, November 20, SinoCast -- The Ministry of Industry and Information Technology yesterday required telecom carriers to issue 3G licenses to TD, WCDMA, and CDMA 2000 telecom networks operators within this year. China's telecom...

Nokia to Offer TD Terminals to China Mobile.
November 19, 2008... MACAO, November 20, SinoCast -- China Mobile Ltd. (NYSE: CHL and SEHK: 0941), China's biggest mobile telecoms operator, is enhancing its cooperation with telecoms equipment manufactures, which are expected to accelerate the shaping of the...

Appliance Makers Recovering from Financial Crisis.
November 19, 2008... NINGBO, November 20, SinoCast -- The impact posed by the ever rising raw material prices, the tightening monetary policy and the appreciation of Chinese currency on the export-oriented economy in Ningbo city is easing. Manufacturers in...

Ctrip.com Q3 Net Down 5%.
November 18, 2008... SHANGHAI, November 19, SinoCast -- Ctrip.com International, Ltd. (NASDAQ: CTRP and FRA: CLV) achieved a total revenue of CNY 397 million in the quarter ended September 30, 2008, up 15% year on year, citing the financial statements of the...

Kongzhong Sales Rise 46%.
November 18, 2008... SHENZHEN, November 19, SinoCast -- NASDAQ-listed KongZhong Corporation, a leading mobile Internet company in China, on November 18 announced its unaudited third quarter 2008 financial results. Total sales for the third quarter of 2008...

China Telecom Kicks Off C+W Strategy via Promoting Tianyi.
November 18, 2008... BEIJING, November 19, SinoCast -- China Telecommunications Corporation plans to attract more medium- and high-end mobile customers through customized terminal brand "Tianyi". Its mobile phone numbers starting with 189, previously planned...

Kingsoft Considering Shedding Non-major Businesses.
November 18, 2008... BEIJING, November 19, SinoCast -- Kingsoft Corporation Limited (SEHK: 3888, Kingsoft) is considering binding its less- profitable businesses into a new company in accordance with its long-term development strategy. On November 18,...

TCL Downsizing Business amid Financial Crisis.
November 17, 2008... SHENZHNE, November 19, SinoCast -- Chinese long-established home appliance and mobile phone maker TCL Group is undergoing a new round of shake-ups at the top. As Liu Fei, chief executive officer of the mobile phone unit of the group, is...

Youku.com: From UGC to Online TV.
November 17, 2008... BEIJING, November 18, SinoCast -- Youku.com, one of the biggest online video providers in China, is transforming itself from a user generated content (UGC) website into an online TV platform, as an effort to enhance its profitability. A...

Baidu is under Strong Criticism.
November 17, 2008... SHENZHEN, November 18, SinoCast -- Though Baidu.com, the biggest Chinese Internet search service provider in the world, recorded an increase of 119% in sales for the third quarter of 2008, its auction result ranking service is under...

A Vast Market for Ten License Bearers.
November 17, 2008... SHENZHEN, November 18, SinoCast -- The potentially enormous and profitable third-party online payment market in China thus far has attracted 40 combative players. However, most of them are offering services homogeneous. They are recording...

Low-price Notebooks Follow Low-price Mobile phones.
November 17, 2008... SHENZHEN, November 18, SinoCast -- Can low-price notebooks copy the success of low-price mobile phones? The product has become under the spotlight after the Global Mobility Bazaar (GMB) announced that netbook produced by members would be...

AATPA Eyeing China's B2B Market.
November 14, 2008... BEIJING, November 18, SinoCast -- The America Asia Trade Promotion Association (AATPA) is preparing to tap into the Chinese business-to-business (B2B) market, when most of the B2B sites are striving to ride out the global financial turmoil....

TCL Corporation Becomes Partner of Guangzhou Asian Games.
November 14, 2008... GUANGZHOU, November 17, SinoCast -- TCL Corporation (SZSE: 000100) will sponsor the 16th Asian Games to be held in the southern Chinese city of Guangzhou in 2010. On November 12, the Huizhou-based consumer electronics maker inked a...

New Media Face Winter.
November 14, 2008... BEIJING, November 17, SinoCast -- If Yanhuang Health Media Limited gets its third round of investment reaching USD 60 million, the deal will be the largest VC input in mew media since the financial crisis. However, that may not be...

Sina Q3 Net Jumped 28%.
November 14, 2008... BEIJING, November 17, SinoCast -- The efforts made by Sina Corporation (NASDAQ: SINA) to cover the 2008 Olympic Games have borne short-term fruits, which were showed in its financial statements for the third quarter of the year. Net...

Tencent Recorded Sales of CNY2.024bn.
November 13, 2008... SHENZHEN, November 17, SinoCast -- Chinese IT giant Tencent posted its latest financial report for the first three quarters of 2008. It recorded total profits of CNY 737 million during the period, up 14.5% from the previous quarter. Total...

CCID Media Introduces New Investor.
November 13, 2008... SHENZHEN, November 17, SinoCast -- Beijing CCID Media Investments (000504.SZ) said in a statement made on November 12 that MicrosoftCIHC would buy a 3% stake in its subsidiary Beijing CCID Jingwei Culture Communication Co Ltd, a consulting...

Netease Posts Q3 Results.
November 13, 2008... SHENZHEN, November 14, SinoCast -- NetEase.com, Inc. (Nasdaq: NTES), one of China's leading Internet and online game services providers, on November 13 announced its unaudited financial results for the third quarter ended September 30,...

Charles Chao: Glad to See SINA Revenue Exceeds USD100mn.
November 13, 2008... BEIJING, November 14, SinoCast -- SINA Corporation (Nasdaq: SINA) got GAAP net profit of USD 22 million and non-GAAP net profit of USD 26.8 million in the third quarter ended September 30, 2008, respectively jumping 28% and 40% from a year...

Giant Interactive Q3 Net Income Down 53.8%.
November 13, 2008... SHANGHAI, November 14, SinoCast -- Shanghai-based online game developer and operator Giant Interactive Group Inc. (NYSE: GA) reported a net revenue of CNY 265.2 million for the third quarter ended September 30, 2008, plunging 34.6% year on...

Lenovo PC Business Hurt by Global Financial Crisis.
November 13, 2008... BEIJING, November 14, SinoCast -- Just like its peers, Lenovo Group Limited (SEHK: 0992), the world's fourth largest personal computer (PC) maker, is likely to encounter a bigger challenge as the lingering financial crisis takes its toll on...

Unscathed New Media See Big Chances.
November 12, 2008... SHENZHEN, November 14, SinoCast -- Investors are piling into industries that have emerged from the global financial turmoil relatively unscathed as it has dealt a big blow to manufacturing and financial sector. Insulated from the global...

Alibaba.com to Pump HKD2bn into Share Repurchase.
November 12, 2008... BEIJING, November 13, SinoCast -- Alibaba.com Ltd. (SEHK: 1688), the world's leading B2B e-commerce company, plans to pump about HKD 2 billion or USD 258 million buying back its own shares before the end of 2009, according to its unaudited...

9you Said to Debut on SEHK.
November 12, 2008... SHANGHAI, November 13, SinoCast -- 9you Information Technology (Shanghai) Co., Ltd. is reported to debut on the Stock Exchange of Hong Kong (SEHK). Nomura Securities Co., Ltd. is its lead underwriter, according to the person in the know....

Youku Resorts to High-quality TV Contents.
November 12, 2008... SHENZHEN, November 13, SinoCast -- Chinese video sharing website Youku.com said yesterday in Beijing that it had signed agreements with over 1,000 soap opera makers to get access to 40,000 episodes, or 50,000 hours, of TV dramas. ...

2007 Top 100 IT Companies Come to Light.
November 12, 2008... SHENZHEN, November 13, SinoCast -- The list of the top 100 electronics and information technology companies was released yesterday by the Ministry of Industry and Information Technology. Telecom equipment maker Huawei Technologies claimed...

SMIC Lures Datang Telecom as Strategic Investor.
November 11, 2008... BEIJING, November 13, SinoCast -- Shanghai-headquartered chipmaker Semiconductor Manufacturing International Corporation (NYSE: SMI, SEHK: 0981, SMIC) has selected Datang Telecom Technology Co., Ltd. (SHSE: 600198, Datang Telecom) as a...

Focus Media Revenues up 63.7%.
November 11, 2008... SHENZHEN, November 12, SinoCast -- Focus Media Holding Limited (Nasdaq: FMCN - News), China's leading multi- platform digital media company, announced on November 11 its financial results for the third quarter ended September 30, 2008. ...

Lenovo Saw Net Profit Fall 78% in Q2.
November 11, 2008... BEIJING, November 12, SinoCast -- It is a dissatisfying financial report, resulting from both global economic downturn and misacting of Lenovo Group Limited (SEHK: 0992)'s development strategy in some regional markets, commented Yang...

Blatant Ripoffs Gaining Ground Overseas.
November 11, 2008... SHENZHEN, November 12, SinoCast -- While name brands have been hammered by the global financial crisis and industry recession, emulational knock-off handset makers in Shenzhen are seeing the once-in-a-lifetime opportunity to prop up their...

Chinese LCD TV Makers to Mark Down.
November 11, 2008... NANJING, November 12, SinoCast -- Many Chinese LCD TV manufacturers are brewing another round of markdown in the local market, involving the most brands and sizes ever in 2008, according to Fan Zhijun, vice president of Suning Appliance Co.,...

China's TV Makers Mulling Markdown.
November 11, 2008... BEIJING, November 12, SinoCast -- China's TV makers are mulling another price-cutting promotional activity to spark demand in the sluggish domestic market amid the global economic recession. Several domestic TV producers will kick off a...

Baidu.com Accused of Monopolization.
November 10, 2008... BEIJING, November 11, SinoCast -- Baidu.com, Inc. (NASDAQ: BIDU and FRA:B1C), the biggest Chinese-langue online search engine, became the first appellee in the name of monopoly in the Chinese Internet market, according to an official with...

China Mobile: the Biggest HK-listed Company.
November 10, 2008... SHENZHEN, November 11, SinoCast -- As stock prices of financial institutions had taken a nosedive due to the financial crisis rippling through the globe, China Mobile (00941.HK) regained the top spot on the list of the biggest HK-listed...

China Provides Supporting Funds for Infrastructure Software.
November 10, 2008... BEIJING, November 11, SinoCast -- On November 4, 2008, the unstructured operation markup language (UOML), a read and write access standard for electronic documents developed by the China Electronics Standardization Association (CESA), was...

Lenovo Group Net Profits Sagged 78% in Q2.
November 10, 2008... HONG KONG, November 11, SinoCast -- Lenovo Group Limited (SEHK: 0992) suffered a 78% net profit plunge in the July- September fiscal second quarter, dragged by slowdown in China operation and unsatisfactory performance in Europe and Asia...

AirMedia Group Posts USD7.5mn Net Profits for Q3.
November 7, 2008... BEIJING, November 10, SinoCast -- Beijing-based air travel digital advertising network operator AirMedia Group Inc. (Nasdaq: AMCN, AirMedia) reveals its third-quarter financial results on November 7, saying net profits went up 1.8% from...

China Mobile to Enhance TD-SCDMA Development.
November 7, 2008... BEIJING, November 10, SinoCast -- China Mobile Ltd. (NYSE: CHL and SEHK: 0941), the biggest Chinese mobile telecoms operator, is expected to enhance its efforts for the 3G TD-SCDMA network development, a project supported by the Chinese...

Spreadtrum: Q3 Performance Beyond Expectations.
November 7, 2008... SHANGHAI, November 10, SinoCast -- Spreadtrum Communications Inc. (Nasdaq: SPRD) incurred a non-GAAP diluted net loss of USD 0.10 per ADR in the third quarter of 2008, better than market expectations, showed its financial report released on...

Vimicro Saw Net Loss of USD1.1mn.
November 7, 2008... SHENZHEN, November 10, SinoCast -- Vimicro International Corporation (Nasdaq: VIMC), a leading fabless semiconductor company that designs advanced mixed-signal multimedia products and solutions, on November 7 announced preliminary financial...

TCL Triggers Price War ahead of Expectations.
November 7, 2008... SHENZHEN, November 10, SinoCast -- As the industry expected that flat-panel TV price was about to go down further this year, TCL took a lead today to kick off a new round of price reduction. The Chinese TV maker marked down prices of 52-inch...

CDC Corporation Met Losses of USD 10.24mn.
November 7, 2008... SHENZHEN, November 11, SinoCast -- CDC Corporation (NASDAQ: CHINA), a leading global enterprise software and new media company, announced its third-quarter financial report. It recorded total operating income of USD 103.8 million in the...

Focus Media Bubble Bursts.
November 6, 2008... BEIJING, November 07, SinoCast -- In October 2008, a conflict occurred between top executives, decision-makers, and investors of Yanhuang Health Media Limited, which was called an earthquake by its employees. On November 5, when Zhao...

Tudou to be in the Black in Three Years.
November 6, 2008... SHENZHEN, November 07, SinoCast -- Tudou.com, one of the top-ranking video sharing websites in China, is cautiously optimistic about the prospect of the industry and its business in the face of the global economic slowdown and industry...

PCCW Casts Delisting Blue Print.
November 6, 2008... HONG KONG, November 07, SinoCast -- The delisting drama of the Hong Kong-based telecoms operator PCCW Limited (SEHK: 0008) is expected to come to an end before April 23, 2009, according to its plan announced on November 4, 2008. The...

IBM to Boost SMB in China.
November 6, 2008... SHENZHEN, November 07, SinoCast -- International Business Machines Corporation (NYSE: IBM) is trying to deepen its footprint in the small-and medium-sized business (SMB) market in China in face of the global economic downturn. The...

ZTE to Recruit more among Downsizing Trend.
November 5, 2008... SHENZHEN, November 07, SinoCast -- In response to reports that ZTE is undergoing downsizing, the Chinese telecom equipment makers says that it sets to recruit more graduates this year to lay the groundwork for its global expansion. The...

Richard Li and China Netcom agree deal to take PCCW private.
November 5, 2008... SHENZHEN, November 06, SinoCast -- Richard Li has come to an agreement with China Unicom, the second-largest shareholder of PCCW following the merger of China Unicom and China Netcom, on privatization of PCCW under a deal expected to cost HKD...

Lenovo Said to Acquire Fujitsu Siemens Computers.
November 5, 2008... BEIJING, November 06, SinoCast -- Chinese personal computer manufacturer Lenovo Group Limited (SEHK: 0992 and OTC: LNVGY) is expected to become the sole shareholder of Fujitsu Siemens Computers (Holding) BV in the long run. Fujitsu...

Afond Technologies Approaching Bankruptcy.
November 5, 2008... SHANGHAI, November 06, SinoCast -- Afond Technologies Limited, a Shanghai-based fabless semiconductor design company, is likely to face difficulties like Commit Inc.,a TD-SCDMA chip manufacturer in the same city that has gone into...

Shenzhen Sundan Eying Expansion in North China.
November 5, 2008... SHENZHEN, November 06, SinoCast -- Shenzhen Sundan (Chain- Store) Stock Co., Ltd. (Sundan) is preparing to extend its reach to the northerner cities of China in the future, one year after the consumer electronics retailer decided to shrink...

Domestic Brands Regained Their Ground.
November 4, 2008... SHENZHEN, November 06, SinoCast -- Market presence of Chinese domestic brands rebounded back to 50.5% by the end of this October from 15% during the May Day holiday in 2008, according to latest reading from top-ranking home appliance...

Video Websites Going through Toughest Time.
November 4, 2008... SHENZHEN, November 05, SinoCast -- Chinese online video websites are undergoing a new round of pay cuts and staff reductions. Analysts say that over 400 video websites in this country will go through the toughest time in the coming two years....

Tianjin Binhai Software Park Welcomes Software Companies.
November 4, 2008... TIANJIN, November 05, SinoCast -- Tianjin Binhai Software Park operated by Dalian Software Park Co., Ltd. will open arms to software companies home and abroad in January 2009. VanceInfo Technologies Inc. (NYSE: VIT), a software technology...

Neusoft Corporation Hurt by Financial Crisis.
November 4, 2008... SHENYANG, November 05, SinoCast -- Shenyang-based software developer Neusoft Corporation (SHSE: 600718, Neusoft) is facing challenges brought by the global economic recession. In the earlier half of the year, the Shanghai-listed company...