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Top China Stories Today
[Translate] LeTV.com Expects up to $21M Net Income: Letv.com, the Beijing-based online video service said today expecting between RMB 125 million and 133 million (between US$ 19 million and US$ 21 million) net income for 2011, up between 78% and 90% year over year. The company attributed the rosy outcome to the government’s growing efforts...
Top China Stories Today
[Translate] Kingsoft Pushes Cloud Computing Further with Cloud Bridge Technology: Like cloud computing isn’t vague enough, Kingsoft Kuaipan, the cloud storage arm of the software company announced launching a new cloud storage technology dubbed Cloud Bridge, which in a nutshell is something similar to Dropbox’s integration with Windows Explorer. After installing the latest Kuaipan into...
Top China Stories Today
[Translate] Bunch of Chinese Websites Got Hacked: Bunch of Chinese websites including developer-skewing CSDN, gaming portal Duowan and so on, social networking service Renren and Kaixin001 are said to be the targets of next round of attack. So far this is the largest hacking incident that happened here. Sina Spins off Shopping Engine Next Year:...
HTC Developing Proprietary Mobile OS; Newegg China Pulls In $109M in H1
[Translate] 1. HTC Confirmed Developing Proprietary Mobile OS HTC North Asia General Manager Dong Junliang disclosed in Seoul, Korea that the company has been developing its own mobile OS. ”We’ll also strengthen our relationship with partners like Microsoft and Google”, he added. He also mentioned that HTC has filed patent lawsuit against Apple in the...
Tencent Teams Up With HTC To Launch QQ Phone; Baidu Online Recruiting Site Baijob.com Up
[Translate] 1. Tencent Teams Up With HTC To Launch QQ Phone After the hype of Xiaomi Phone and Aliyun Mobile, now it’s the Shenzhen-based giant penguin’s turn to grab attention. Tencent is reportedly initiating a strategic partnership with smartphone manufacturer HTC to offer a new model HTC Cha Cha with preloaded QQ services including mobile...
Virtual Gaming Items Marketplace 5173 Going Public; Xiaomi Mobile Losing Paint Already; Ku6 Pivoting Towards UGC Model
[Translate] 1. Virtual Gaming Items Marketplace 5173 Initiates IPO Process As online gaming represents one of the largest and most profitable internet business sector in China with over 120 million people engage in online game play, the sector is still seeing fast growth, which reflects in the commonness and prevalence of virtual goods marketplaces. 5173.com...
Ecommerce Outsourcer Yi-Inc Raised $20m in Series B;Tencent Leaks News About New B2C Platform;Pandora Coming To China Soon
[Translate] 1. Ecommerce Outsourcer Yi-Inc Raised $20m in Series B Yi-Inc, a Guangzhou-based ecommerce outsourcer that operates online shop for home appliance vendors including Philips, Midea and Galanz, announced raising $20m in Series B round of funding from Trust Bridge Partners, IDGVC and HongKong-based venture capital Big Profit. People would be no stranger to the...
Alibaba Requires Real-name Authentication; Qihoo 360 Launches Android Browser; Kingsoft KuaiPan Claims 5 Million Users
[Translate] 1. Alibaba Requires Real-name Authentication For All China Site Users Alibaba, China’s largest international B2B e-commerce service put up a notice today requiring all users on its China site to authenticate as real-name users, be it buyer or seller. According to the e-commerce giant:”Real-name authentication is aiming to strengthen the authenticity and validity of...
UN Ban Ki-Moon Chats On Social Media; Douban Closes to Break Even; Twitter Comes To China
[Translate] 1. UN Secretary-General Ban Ki-Moon Fireside Chat On Social Media Ban Ki-moon, the UN Secretary-General gave the first ever social platform-based fireside chat in the UN’s history on Facebook, Twitter and, of course, Sina Weibo. The netizens from all over the world grilled Mr Ban with over 6,000 questions while half of them come...
HTC Considering Buying WebOS; 360buy Goes Public Due To Short On Money?
[Translate] 1. HTC Considering Buying WebOS HTC chairman Wang Xuehong disclosed that the smartphone vendor is considering buying WebOS. HP announced discontinuing its WebOS business couple weeks ago. “We had internal deliberation over the potential buyout, but we’re in no hurry to do that.” said Wang. As the “patent wars” are affecting more and more...
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