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.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.