SinoCast China IT Watch articles from September 2008

SinoCast China IT Watch archives from September 2008

Chinese Telecoms Industry Jan-Aug Revenue Increased 8.5%.
September 29, 2008... BEIJING, September 30, SinoCast -- The Chinese telecoms Industry achieved a total revenue of CNY 538.45 billion in the first eight months of 2008, up 8.5% year on year, citing the Ministry of Industry and Information Technology of China. ...

China Mobile Seeking New Growing Points.
September 29, 2008... SEHNZHEN, September 30, SinoCast -- As the biggest telecom carrier in China, China Mobile is about to introduce Android, the first mobile phone launched by search giant Google, to China in the second quarter of 2009. The telecom titan...

China Telecom to Take Over CDMA Network in Oct.
September 29, 2008... BEIJING, September 30, SinoCast -- China Telecom Corporation Ltd. (NYSE: CHA and SEHK: 0728) will take over the CDMA network on October 1, 2008 as planned, beginning the pre- commercial trials of mobile services. Currently, the Chinese...

Shanda Said to Woo Lenovo for Home Entertainment Business.
September 29, 2008... BEIJING, September 30, SinoCast -- Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA) is again brewing tapping the home entertainment sector in partnership with Lenovo Group Limited (SEHK: 0992), disclosed sources recently. The...

BOE Expected to See H2 Losses of CNY 800mn.
September 29, 2008... SHANGHAI, September 30, SinoCast -- Chinese LCD panel maker BOE is expected to see losses this month. And it is going to record CNY 300 million losses in total for the third quarter. If it does not reduce the production capacity, the number...

Capitalists Keep Spending Heavily in SNS Websites.
September 28, 2008... SHENZHEN, October 01, SinoCast -- Though they are nowhere near profitability, venture capital firms are still spending heavily in Chinese social networking websites. Northern Light Venture Capital finalized a plan lately to bankroll...

Huawei, ZTE to Retail Self-branded Handsets.
September 28, 2008... SHENZHEN, October 01, SinoCast -- To further diversify their business, Shenzhen-based telecom equipment makers ZTE and Huawei Technologies will start to retail their self-branded mobile phones apart from bundled selling with services of...

18 Air Conditioner Brands Disappeared.
September 28, 2008... BEIJING, October 01, SinoCast -- 18 air conditioner makers saw their brands eliminated from the Chinese market in the 2008 air conditioner and refrigeration year. They include China Yangzi Group Chuzhou Yangzi Air Conditioner Co., Ltd.,...

Siemens Rotary Washer in China to Be Exceeded.
September 28, 2008... BEIJING, October 01, SinoCast -- As the competition in the Chinese rotary washing machine market goes increasingly furious, the brand name of Siemens is expected to be kicked off the top position in terms of sales, according to analysts. ...

KongZhong Appoints New CEO.
September 27, 2008... BEIJING, October 01, SinoCast -- Wang Leilei, the previous chief executive officer for TOM Online, will succeed Zhou Yunfan as CEO and chairman for KongZhong Corporation (NASDAQ: KONG) on October 13, announced the Nasdaq-listed wireless...

China Mobile Wants iPhone without 3G.
September 26, 2008... SHENZHEN, September 29, SinoCast -- Hong Kong media said that if China Mobile launches iPhone in the mainland, the handset may not support 3G and Wi-Fi functions. China Mobile hopes that Apple can provide Chinese users with a customized...

China to Launch CMMB Satellite in 09.
September 26, 2008... BEIJING, September 29, SinoCast -- China will launch a CMMB (China Mobile Multimedia Broadcasting) satellite in the first quarter of 2009, revealed a person in the know on September 25, 2008. The State Administration of Radio, Film, and...

Chi Mei Group to March into Mainland LCD TV Market.
September 26, 2008... SHANGHAI, September 29, SinoCast -- Taiwan-based liquid crystal display (LCD) panel maker Chi Mei Group decides to march into the mainland China flat panel TV market, while its overseas peers are withdrawing from the market amid formidable...

Lenovo Cooperates with Regraters.
September 26, 2008... ZHENGZHOU, September 29, SinoCast -- Lenovo Group Limited (SEHK: 0992 and OTC: LNVGY) is making efforts to enlarge its distribution network in China by making cooperation with a host of local dealers formerly considered to be its profit...

Hisense Kelon Sets Its Goal of Making CNY 40bn.
September 26, 2008... SHENZHEN, September 29, SinoCast -- Hisense Kelon, a home appliance maker in China remaining under huge financing presses, unveiled on September 25 its new turn-around strategy of making total sales of CNY 40 billion in the coming three to...

China Mobile Remains Ahead of Others.
September 23, 2008... SHENZHEN, September 24, SinoCast -- Four big Chinese telecom carriers unveiled their latest performance results for August as the national telecom restructuring is close to the end. China Mobile, the biggest mobile telecom carrier in...

Chinese Telecoms Operators Aug Performance Differed.
September 23, 2008... BEIJING, September 24, SinoCast -- Although Chinese regulators have not released the latest data about the country's mobile telecoms industry, the business achievements reported by the players in game must be enough to inflate the optimism of...

CNY 199 for Microsoft Office.
September 23, 2008... BEIJING, September 24, SinoCast -- Now, a set of copyrighted Microsoft Office is only sold at CNY 199! On September 22, 2008, Microsoft Corporation (Nasdaq: MSFT) announced that it would kick off promotions during the National Day holiday,...

Quanta Brewing Self-branded MID.
September 23, 2008... BEIJING, September 24, SinoCast -- Taiwan-based laptop original equipment manufacturer (OEM) Quanta Computer Inc. is mulling tapping the mobile Internet device market with self- owned brands in light of the upcoming mobile Internet era. ...

Huawei Won Biggest Contracts via Low-Price Strategy.
September 23, 2008... SHENZHEN, September 24, SinoCast -- The low-price strategy of Huawei Technologies has made a hit. In the latest round of CDMA equipment procurement of China Telecom, Shenzhen-based Huawei has become the biggest winner by gaining 30% of the...

Focus Media to Enhance Wireless Advertising Operation.
September 22, 2008... SHANGHAI, September 23, SinoCast -- Shanghai-based outdoor advertising network operator Focus Media Holding Limited (NASDAQ: FMCN) will strive to help its wireless advertising unit Beijing Focus Media Wireless Media Technology Co., Ltd....

Take-one Media: Partnership Expansion.
September 22, 2008... BEIJING, September 23, SinoCast -- Since September 2006, when Jacky Cai and Ted Chan co-founded Take-one Media, they have worked out a feasible expansion strategy for the company. At the startup of a business, the most important is to...

Alipay Eyes the Top Spot.
September 22, 2008... HANGZHOU, September 23, SinoCast -- By the end of this August, Alipay, the online third-party payment company under Alibaba Group, recorded over 100 million registered users, with a daily transaction volume of CNY 450 million. The...

Curtain to Drop for China Telecom CDMA Bidding.
September 22, 2008... BEIJING, September 23, SinoCast -- China Telecom Corporation Ltd. (SEHK: 0728) is expected to finalize the list of manufacturers to win its orders for the wireless network equipment adopted by its local CDMA networks in 81 Chinese cities,...

China Unicom Underperformed the Broader Market.
September 22, 2008... SHENZHEN, September 23, SinoCast -- As China Unicom is speeding up its steps of restructuring, its stock price has underperformed the broader market. In a stark contrast to the telecom carrier, stock price of telecom equipment makers like ZTE...

Tudou.com to be Profitable in Three years.
September 19, 2008... SHANGHAI, September 22, SinoCast -- Many netizens in China have found a new website named Hd.tudou.com offering online movies, TV plays and entertainment shows, which are more enjoyable than the videos on some other Chinese video websites in...

China Speeding up CMMB Promotion.
September 19, 2008... SHENZHEN, September 22, SinoCast -- China is quickening its steps to promote the China Mobile Multimedia Broadcasting (CMMB) services throughout the country, after CMMB trial operation in the Beijing Olympic Games made a success. China's...

Intel to Jointly Promote Netbooks with China Mobile.
September 19, 2008... BEIJING, September 22, SinoCast -- Intel Corporation (Nasdaq: INTC; SEHK: 4335) is brewing the promotion of TD-SCDMA netbooks in the Chinese market in partnership with China Mobile Ltd. (SEHK: 0941 and NYSE: CHL). The world's largest...

Amoi Electronics Focus on Cell Phone Business.
September 19, 2008... SHENZHEN, September 22, SinoCast -- Amoi Electronics is undergoing sweeping business restructuring by spinning off its PC and LCD TV business and focusing on cell phone in the future. Lately the company has been pulling its LCD TVs from...

Changhong Bets on PDP.
September 18, 2008... SICHUAN, September 22, SinoCast -- As South Korea-based LG pulled back from the PDP TV market in China, domestic TV maker Changhong is in full sail enlarging its PDP TV production output with total investment of CNY 6 billion. Its latest...

Baidu Losing Shares to Google in Major Cities.
September 17, 2008... SEHNZHEN, September 18, SinoCast -- Baidu.com, the biggest Chinese Internet search service provider in the world, for the first time is losing ground to Google in major cities like Beijing, Shanghai, and Guangzhou, according to the latest...

Customers Calls On Taobao.com to Continue Free Services.
September 17, 2008... HANGZHOU, September 18, SinoCast -- Although there is still one month ahead before the expiry date of the three-year free services provided by Taobao.com, the C2C online trading platform under Alibaba Group, registered sellers already began...

Monster.com May Merge ChinaHR.com.
September 17, 2008... BEIJING, September 18, SinoCast -- Global online employment solution provider Monster Worldwide Inc. (NASDAQ: MNST) is expected to merge its Chinese peer named ChinaHR.com, in the third quarter of 2008, according to insiders. Presently,...

China Netcom: the First Defendant under New Anti-trust Law.
September 17, 2008... BEIJING, September 18, SinoCast -- China Netcom, a state- owned fixed-line operator, is being accused of monopoly abuse, becoming the first defendant under the nation's nascent anti- trust law. Li Fangping, a lawyer in Beijing, filed a...

China Mobile Seeking for New Growing Points.
September 16, 2008... SHENZHEN, September 18, SinoCast -- China Mobile notified its partners lately that the first nine cell phone games offered by them had gone through public trial run, three of which had started operation on September 10. And other six games...

Taobao Blocks off Baidu Completely.
September 15, 2008... SHENZHEN, September 16, SinoCast -- Taobao.com has blocked off all Internet search services of Baidu.com, the biggest Chinese Internet search service provider in the world. The over-commercialized search ranking result of Baidu.com make...

Dalian Eyes China's Software Hub.
September 15, 2008... DALIAN, September 16, SinoCast -- The northeastern Chinese city of Dalian will spur financial activities in its software industry, in an effort to build itself into a global software and services outsourcing powerhouse, said Jin Guowei, an...

IBM Gives Up Kingdee International Board Seat.
September 15, 2008... HONG KONG, September 16, SinoCast -- Kingdee International Software Group Company Limited (SEHK: 0268) achieved a revenue of CNY 422 million in the half year ended June 30, 2008, jumping 27% from a year earlier, citing the China-based...

Chinese PC Makers Saw Net Profit Drop in H1.
September 15, 2008... BEIJING, September 16, SinoCast -- Founder Technology Group Co., Ltd. (SHSE: 600601) saw its PC business incur a negative growth of 11.36% in the first half of 2008. As a result, Lan Ye was bailed out on September 5 from Lenovo Group...

Cisco Rushes for Gold in China's Broker UC Market.
September 15, 2008... BEIJING, September 16, SinoCast -- China's robust unified communication (UC) market attracts many global giants. Cisco Systems Inc. (Nasdaq: CSCO and SEHK: 4333), Microsoft Corporation (Nasdaq: MSFT), and International Business Machines...

Yamada Denki Extends Its Reach to China.
September 15, 2008... SHENZHEN, September 16, SinoCast -- Yamada Denki, Japan's largest discount home electronics retail chain, is planning to set up sales outlets in China. Its initial target is Shenyang, the capital city of Liaoning province, Northeast China. It...

Appliance Industry Sales Slowdown Expected to Continue.
September 15, 2008... SHENZHEN, September 16, SinoCast -- Latest financial reports of publicly-traded home appliance makers show that they saw a substantial decrease in profits as a result of the ever rising raw materials prices. And looking ahead, their profit...

Profits of Unregistered LCD TV Makers Can be Huge.
September 15, 2008... SHENZHEN, September 16, SinoCast -- Just like the fake cell phone industry in China, the unregistered and pirated LCD TVs and displays are also making ripples in the country and posing a big threat to the legitimate brands. Coming merely at a...

Taobao Blocks off Baidu Completely.
September 12, 2008... SHENZHEN, September 15, SinoCast -- Taobao.com has blocked off all Internet search services of Baidu.com, the biggest Chinese Internet search service provider in the world. The over-commercialized search ranking result of Baidu.com make...

Dalian Eyes China's Software Hub.
September 12, 2008... DALIAN, September 15, SinoCast -- The northeastern Chinese city of Dalian will spur financial activities in its software industry, in an effort to build itself into a global software and services outsourcing powerhouse, said Jin Guowei, an...

IBM Gives Up Kingdee International Board Seat.
September 12, 2008... HONG KONG, September 15, SinoCast -- Kingdee International Software Group Company Limited (SEHK: 0268) achieved a revenue of CNY 422 million in the half year ended June 30, 2008, jumping 27% from a year earlier, citing the China-based...

Cisco Rushes for Gold in China's Broker UC Market.
September 12, 2008... BEIJING, September 15, SinoCast -- China's robust unified communication (UC) market attracts many global giants. Cisco Systems Inc. (Nasdaq: CSCO and SEHK: 4333), Microsoft Corporation (Nasdaq: MSFT), and International Business Machines...

Appliance Industry Sales Slowdown Expected to Continue.
September 12, 2008... SHENZHEN, September 15, SinoCast -- Latest financial reports of publicly-traded home appliance makers show that they saw a substantial decrease in profits as a result of the ever rising raw materials prices. And looking ahead, their profit...

Baidu Takes on Taobao with Baifubao.
September 11, 2008... SHENZHEN, September 12, SinoCast -- Chinese Internet search service provider Baidu.com said on September 10 that it had named its C2C payment platform as Baifubao, which is expected to come into service along with the C2C website of Baidu...

China to Guide Telecoms Balance.
September 11, 2008... BEIJING, September 12, SinoCast -- China Mobile Ltd. (NYSE: CHL and SEHK: 0941), the nation's biggest mobile operator, is expected to learn more about the power of China's central government, its actual controller, which has long been in an...

Alcatel Shanghai Bell, Datang Mobile to Deepen Partnership.
September 11, 2008... SHANGHAI, September 12, SinoCast -- Alcatel Shanghai Bell and Datang Mobile Communications Equipment Co., Ltd. (Datang Mobile) plan to widen collaboration in light of the bright prospect of the TD-SCDMA industry. The four-year-old...

Midea Challenges Joyoung in Soymilk Maker Industry.
September 11, 2008... FOSHAN, September 12, SinoCast -- With a market size of billions of Chinese Yuan, the boosting soymilk maker industry is attracting more participators. Guangdong Midea Group Co., Ltd., beginning producing soymilk makers in the first half of...

Konka Hits Its Stride Globally.
September 11, 2008... SHENZHEN, September 12, SinoCast -- Last week Shenzhen- based home appliance and consumer electronics maker Konka won an order for 10 million cell phones from Spice Telecom in India. Konka's CRT TVs have made a hit in emerging countries....

Baidu Offers Taobao Sellers Private Channel.
September 10, 2008... HANGZHOU, September 11, SinoCast -- Shortly after Taobao shielded the Internet search tool BaiduSpider under Baidu.com on its C2C website, Baidu regretted that Taobao would rather mask off Baidu at the price of the interests of Taobao...

UFIDA Software Takes Over Sichuan Jincai.
September 10, 2008... BEIJING, September 11, SinoCast -- Beijing UFIDA Government Software Co., Ltd., a 68% owned subsidiary of UFIDA Software Co., Ltd. (SHSE: 600588), announced on September 9, 2008, that it had acquired Sichuan Jincai Technology Development...

Foxconn Steps up Smartphone Research.
September 10, 2008... SHENZHEN, September 11, SinoCast -- Foxconn Technology Group is getting itself well prepared for venturing into the smartphone market to ride out the cell phone industry recession and further diversify its businesses. Its software...

Huaqi Information to Dive into Cellphone Market.
September 10, 2008... BEIJING, September 11, SinoCast -- Though domestic brands are not so welcomed by Chinese mobile phone users, Beijing Huaqi Information Digital Technology Co Ltd., the Chinese consumer electronics producer, is determined to test the water in...

ASMC Experiencing Huge Executive Changes.
September 9, 2008... SHANGHAI, September 11, SinoCast -- Advanced Semiconductor Manufacturing Corporation Ltd. (SEHK: 3355, ASMC) is experiencing the greatest change in its management team in history. On September 1, the Hong Kong-listed semiconductor wafer...

Shuffle Comes for Online Video Web Sites.
September 9, 2008... BEIJING, September 10, SinoCast -- 2008 is called the troubled year for China's online video Web sites: license assessment, government regulation, copyright issue, particularly, operation and profitability, have brought the whole industry to...

Taobao Shields Internet Search Tools.
September 9, 2008... HANGZHOU, September 10, SinoCast -- Chinese C2C website Taobao.com has shielded BaiduSpider, an Internet search tool of Baidu.com, the biggest Chinese Internet search service provider in the world. BaiduSpeider is aimed to help users to...

CMMB Prospect Still Unforeseeable.
September 9, 2008... BEIJING, September 10, SinoCast -- China's State Administration of Radio Film and Television (SARFT) is exerting itself for the prospect of China Mobile Multimedia Broadcasting (CMMB), a standard made by it for the country's mobile phone TV...

Shenzhen Legislates to Bankroll High-tech Industry.
September 9, 2008... SHENZHEN, September 10, SinoCast -- The People's Congress in Shenzhen, the legislative body of the city, lately came up with new regulations to bankroll development and innovation of high-tech companies, which will come into force as of...

Amoi Made Both Ends Meet in Aug.
September 9, 2008... SHANGHAI, September 10, SinoCast -- Amoi Electronics Co. Ltd. (SHSE: 600057) finally made both ends meet this August, eight months after it carried out the cost-centered measures. The mobile phone maker has narrowed its headcount from...

MySpace.cn to Shift CEO.
September 8, 2008... BEIJING, September 09, SinoCast -- Luo Chuan (transliterated), CEO of MySpace.cn, may have learnt more about life, as he is expected surely to quit its present job in the China-based online friend-making platform, according to insiders. ...

Hangzhou to Set up China's E-commerce Hub.
September 8, 2008... HANGZHOU, September 09, SinoCast -- Hangzhou, an eastern Chinese city in Zhejiang Province, plans to pour as much as CNY 560 million into small-and medium-sized e-commerce companies in the three years to come, building itself into China's...

China Telecom Allowed to Issue Corporate Bonds.
September 8, 2008... SHENZHEN, September 09, SinoCast -- China Telecom lately said that it had got permission from its shareholders to issue not more than CNY 80 billion bonds to bankroll its CDMA business. Previously the telecom carrier was planning to issue...

Dongguan: from World Factory to World Research Center.
September 8, 2008... SHENZHEN, September 09, SinoCast -- IT manufacturers in Dongguan, a Guangdong city known as the world factory, are moving their production facilities to places with lower labor and production costs twenty years after they settled there. ...

Flat Panel Price War in National Day.
September 8, 2008... BEIJING, September 09, SinoCast -- Domestic flat panel brand owners are going to fight a price war with foreign nameplates during Mid-Autumn Festival, and National Day holiday season. 2008 is the first year when National Day becomes the...

Alibaba Group Kicks off Greater Taobao Strategy.
September 5, 2008... HANGZHOU, September 08, SinoCast -- Alibaba Group, the biggest B2B e-commerce company in the world, said on September 4 that it had integrated its C2C arm Taobao.com and its online advertisements marketplace Alimama.com into one under the...

China Mobile to Buy Out iPhone in China.
September 5, 2008... BEIJING, September 08, SinoCast -- Apple Inc. (Nasdaq: AAPL) is determined to sell iPhone to China even though it will have no more sharing from toll revenues of cooperative carriers, and the Wi-Fi function of the multimedia smart phone is to...

Telefonica to Deepen Cooperation With A New China Unicom.
September 5, 2008... BEIJING, September 08, SinoCast -- As the cake in the Chinese telecoms industry becomes increasingly larger, more and more slobber can be seen in the mouths of many foreigners, including Telefonica SA (NYSE: TEF and MCE: TEF), the second...

Homemade Brands Dominated Plasma TV Market in H1.
September 5, 2008... BEIJING, September 08, SinoCast -- China's TV makers witnessed their combined market share surpass their foreign peers in the nation's plasma TV market in the first half of 2008, driven by the robust sales of 32-inch products. China's...

Suning Attributes Stock Slump to Fund Firms' Sell-off.
September 4, 2008... SHENZHEN, September 08, SinoCast -- The stock price of Chinese home appliance retailer Suning Appliances slumped 21.52% by September 4 ever since it launched its interim financial report last week. There was rampant speculation that the...

Mobile Online Gaming Booming in China.
September 4, 2008... BEIJING, September 05, SinoCast -- Considering more than 400 million of mobile phone users in China, more cyber game elites like Chen Tianqiao will emerge in the country's mobile online gaming market, expected Greatelsoft Co, Ltd. General...

Online Game Market Value Hit CNY 4.4bn.
September 4, 2008... SHENZHEN, September 05, SinoCast -- Lately all publicly- traded Chinese cyber game companies have released their latest performance results for the second quarter of 2008. They recorded total sales of CNY 4.43 billion during the period,...

CCTV: Biggest Winner in Beijing Olympics.
September 4, 2008... BEIJING, September 05, SinoCast -- China Central Television (CCTV), the owner of the official Internet and mobile phone broadcast rights for the Beijing 2008 Olympic Games, turned out to be the biggest beneficiary in the competition among new...

Opportunity Comes for a Shuffle in Chinese PC Market.
September 4, 2008... BEIJING, September 05, SinoCast -- Personal computer (PC) makers in China may have learnt more about the relationship between their profits and the country's macroeconomic, whose slowdown forces most small-sized companies to turn from...

CYIT Sets up TD-SCDMA JV.
September 3, 2008... CHONGQING, September 04, SinoCast -- Chongqing Chongyou Information Technology (Group) Co., Ltd. (CYIT) will deepen its footprint in the growing Chinese TD-SCDMA industry. The TD-SCDMA chip producer announced on September 2, 2008 that it...

Best Buy Lags Behind in Expansion.
September 3, 2008... SHENZHEN, September 04, SinoCast -- Best Buy, the biggest 3C chain store in the world, last week put its second China store into operation in Shanghai eighteen months after the debut of its first store. Robert A. Willett, chief executive...

Lenovo Notebook Saw Price Dive 20%.
September 3, 2008... BEIJING, September 04, SinoCast -- To put more energy in the promotion of new independent consumer brand IdeaPad, Lenovo Group Limited (SEHK: 0992) is selling existing sub-brands at a low price. In early this month, the computer giant...

Chinese Appliance Makers Aim Rural Areas.
September 3, 2008... BEIJING, September 04, SinoCast -- A promotional campaign themed on "delivering home appliances to countryside" initiated by China's central government is expected to make Chinese household appliance manufacturers see some hope for sales...

XOCEC is on the Verge of Delisting.
September 2, 2008... SHENZHEN, September 04, SinoCast -- Xiamen Overseas Chinese Electronics Company Limited (XOCEC, 600870.SH) recorded a net loss of CNY 239 million in the first half of 2008, with total sales revenues of CNY 1.87 billion, down 39.52% from the...

Tencent Led China's IM Market in Q2.
September 2, 2008... BEIJING, September 03, SinoCast -- Tencent Holdings Ltd. (SEHK: 0700) remained the Top player in the Chinese instant messaging (IM) market in the second quarter of 2008 while Microsoft Corporation (NASDAQ: MSFT) dropped from the second to...

Handset Makers Get Caught up in Downturn.
September 2, 2008... SHENZHEN, September 03, SinoCast -- When raw material prices are flying, Chinese Yuan is appreciating, labor costs are rising, and the consumer market is withering, China's mobile phone industry, which has been growing rapidly, meets a severe...