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China's Mofcom To Regulate Internet Sales Of Foreign Enterprises (Sep 5)
China's Ministry of Commerce has issued a notice to regulate the sales activities of foreign-invested enterprises that are engaged in either Internet sales or vending machine sales. According to the notice, foreign enterprises who want to operate Internet sales business should submit applications to the respective provincial commerce departments and the departments will examine and [...]


China Unicom Revenue Up 7.6% In H1 2010 (Sep 2)
Chinese telecommunication operator China Unicom has published its semi-annual financial report for the first half of 2010, stating that its operating revenue reached CNY82.11 billion, a year-on-year increase of 7.6%. Of the total operating revenue, CNY41.05 billion was contributed by the mobile businesses, a year-on-year increase of 17.7%; while CNY40.11 billion was from the fixed [...]


China's Ministry Of Culture Issues Four Internet Cafe Chain Licenses (Sep 1)
China's Ministry of Culture has published announcements on its official website stating that it has issued the first batch of four licenses for operating Internet cafe retail chains in China. The four companies that gain the netcafe licenses are T-Matrix, Beijing Zhonglu Shikong, Beijing Read China, and CECT-Chinacomm Communications. The issuance of the licenses represents [...]


Internet Retailers Publish Honesty Declaration In China (Sep 1)
More than 1,000 suppliers, publishers, and Internet retailers, including Dangdang.com, Microsoft, Aigo, Wyeth, Lock & Lock, Commercial Press, and the People's Literature Publishing House, have jointly published an "Internet Retailing Honesty Declaration" in China. Under the declaration, Dangdang.com and its suppliers promise that following the basic principles of integrity, security, and responsibility, they will provide [...]


Baidu To Officially Launch Software Search Service Tomorrow (Aug 31)
A representative from the Chinese search engine company Baidu.com has confirmed to the local media that the company's new software search service has been launched for beta testing and will be officially opened on September 2, 2010. Though Baidu.com has not provided an entrance link to this service on the front page of its official [...]


Taiwanese Networking Equipment Provider To Establish Mobile Phone Base In Zhengzhou (Aug 30)
Taiwanese networking equipment giant AboCom System Inc. has announced in Zhengzhou, Henan, that it will invest CNY2 billion to establish a 3G mobile phone technology industry base in the city. Eric Ouyang, chairman of AboCom, revealed that the company signed an agreement with Zhengzhou High & New Technology Industries Development Zone for the establishment of [...]


China's Tencent To Acquire 49.92% Stake In Thai Portal (Aug 29)
Chinese Internet company Tencent Holdings has announced that it plans to acquire a 49.92% stake in the Thai portal website Sanook.com for HKD81.7 million. Under the share purchase agreement, Tencent will buy 2,496 shares of Sanook.com. On the completion of the deal, Tencent will be allowed to assign two directors to Sanook's board of directors. [...]


Ku6 Extends Loss From Chinese Online Video Biz After Dumping Wireless Services (Aug 29)
China's Ku6 Media Company Ltd., which boasts a new focus on Internet video services after dumping its poor wireless services offerings and its old name of Hurray, today announced its unaudited financial results for its second quarter ended June 30, 2010. On August 17, 2010, the company announced that it changed its name to Ku6 [...]


China's ZTE Net Profit Up 12% In H1 2010 (Aug 26)
Chinese telecommunication equipment maker ZTE Corporation has published its interim results for the first half of 2010 ended June 30. During the first half of 2010, ZTE achieved operating revenue of CNY30.725 billion, a year-on-year increase of 10.89%; its net profit was CNY877 million, a year-on-year increase of 12.02%; and its basic earnings per share [...]


Wireless Services Decline In China For KongZhong (Aug 26)
Chinese mobile Internet company KongZhong Corporation today announced its unaudited second quarter 2010 financial results. Total revenues for the quarter increased 9% year-over-year to USD35.3 million and total gross margin was 48% in the second quarter of 2010, an increase of 44% from the previous quarter in 2010. Net income was USD2.6 million, and KongZhong [...]