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 in protecting the copyrighted contents.
Yahoo! Beijing R&D Center Powering the Company’s Mobile Engine: Yahoo! to date has three major R&D centers in Silicon Valley, the U.S., Bengaluru, India and Beijing, China respectively. According to the company’s deals with Alibaba, Yahoo! is not allowed to step into China market, so Yahoo! can only set up a R&D center here but not a real business. The Beijing R&D is aiming to become the largest mobile technology incubator for Yahoo! as the company sees great potential and opportunities in mobile in the years to come. The Beijing team is now working on mobile search, Flickr mobile and so forth.
More Group Buying Service to Shut Down in Next Spring: How many group buying sites are in trouble now? The latest data compiled by ETao puts the number at 2000+ with more to be shut down in next Spring. Industry observers predicted that 90% of them would be closed with less than 10 survive and take over the market.
More Severe Security Problems to Be Revealed in 2012: Gong Wei, a well-recognized Chinese hacker slash Internet security expert estimated that more than 100 million accounts have been compromised in China and something more severe is about to be revealed in next year, mobile Internet-wise. It’s just so unbelievable and intolerable that some of the most famous Chinese sites are still dealing with clear text passwords. Mobile Internet has been seeing huge growth for a long while, now maybe it’s time to slow the pace and check the seatbelt.