CNNIC: China’s Internet Group Buying Users Reached 42.2 Million

The China Internet Network Information Center has published a report on the activities of Chinese group buying users for 2011 in Beijing, stating that by June 2011, there were 42.2 million online group buying users in China, an increase of 125% compared with six months ago.

Sina’s Chinese Internet Profit Plummets As Company Focuses On Microblogging

Chinese online media and mobile value-added services firm Sina Corporation says its profit fell more than 50% as it announced its unaudited financial results for the second quarter ended June 30, 2011.

China’s Tencent Revenue Up 44.3% In Q2 2011

Chinese Internet company Tencent has published its unaudited financial report for the second quarter of 2011, stating that its overall operating revenue reached CNY6.739 billion, an increase of 6.3% compared with the previous quarter and an increase of 44.3% compared with the same period last year.

Baidu’s Internet Search Engine Revenues Surge In China

Chinese search engine company Baidu Inc. announced its unaudited financial results for the second quarter ended June 30, 2011, and stated that as its tax rate increased, so did its profit.

China’s Hasee To Invest CNY30 Million In Internet Marketing

Chinese information technology company Hasee and the Internet video website Qiyi.com have jointly announced in Beijing that the two parties have reached strategic cooperation, and Hasee will invest CNY30 million to place advertisements on Qiyi.com.

Chinese Online Video Website To Cut 20% Staff

Chinese Internet video website Ku6.com has announced that to simplify operations, control costs, and improve efficiency, the company has decided to restructure its sales department.

Sina.com Fails To Keep Internet Profit Growing In China

Chinese online and wireless media company Sina Corporation says its profit fell on higher costs as it announced its unaudited financial results for the first quarter ended March 31, 2011.

Internet Job Postings Push 51job.com To Higher Revenue In China

Chinese online recruitment company 51job Inc. announced its unaudited financial results for the first quarter of 2011 ended March 31, 2011.

Online Brand Advertising Slumps But Total Revenues Rise In China For Sohu.com

Chinese online media company Sohu.com Inc. says its revenues rose by 35% over last year as it reported its unaudited financial results for the first quarter ended March 31, 2011.

Chinese Social Media Site Renren.com Files For IPO

Chinese social networking site Renren.com filed plans to sell up to nearly USD675 million worth of shares in an initial public offering in the United States this year.

Dangdang.com Will Halt Search Engine Advertising With Baidu.com

Li Guoqing, joint president of the Chinese Internet shopping website Dangdang.com, has announced that the company will stop putting advertisements on search engine Baidu.com from April 2011 due to the recent accusation that Baidu.com is involved in literature and music piracy.

Sina.com Posts Increased Chinese Internet Revenue

Chinese online company Sina Corporation announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010.

Print Media Advertising Declines As Online Increases In China For 51job.com

Chinese online recruitment company 51job Inc. announced its unaudited financial results for the fourth quarter of 2010 and for the fiscal year ended December 31, 2010.

Chinese Online Consumers Among Most Powerful In The World

Italy-based Translated unveiled an index showing that Chinese netizens rank among the highest in the world in their cumulative online purchasing power.

NetEase.com Says Almost All Of Its China Revenue Derived From Online Games

Chinese Internet portal and online game service provider NetEase.com Inc. announced its unaudited financial results for the third quarter ended September 30, 2010.

Sina.com Forecasts Lower Net Revenue From Chinese Internet Operations

Chinese online and wireless value-added service media company Sina Corporation announced its unaudited financial results for the quarter ended September 30, 2010, and said net revenues grew 12% year over year to USD108.2 million but the company expects lower results in the following quarter.

Ku6 Media Posts Results From Its China Internet Business

China-based Ku6 Media Company Ltd., which previously flew its technology media brand under the name Hurray Holding, announced that its net loss narrowed as it presented unaudited financial results for the third quarter ended September 30, 2010.

Internet Job Ads In China Push 51job To Increased Profit

Chinese online recruitment firm 51job Inc. announced its unaudited financial results for the third quarter of 2010 ended September 30, 2010.

Sohu Posts Growing Online Media Revenues In China

Chinese online media company Sohu.com Inc. today reported its unaudited financial results for the third quarter ended September 30, 2010, and showed total revenues were USD164.1 million, up 20% year-on-year, and 12% quarter-over-quarter.

Google Ends Deals With Seven Chinese Advertising Agents

Search engine giant Google has announced that it will terminate the agency qualifications of seven Chinese advertising agents and the termination agreement will become effective from October 27, 2010, according to reports in foreign media.

Chinese Internet Advertising Revenue Up For Focus Media

Chinese digital media firm Focus Media Holding Limited announced its unaudited financial results for the second quarter ended June 30, 2010, and stated total net revenue was USD158.2 million, representing an increase of 27% from USD124.9 million for the first quarter of 2010 and an increase of 22% from USD129.5 million for the second quarter […]

NetEase.com Records Larger Revenue From Internet Games In China

Chinese Internet and online game firm NetEase.com Inc. says its total revenues for the second quarter of 2010 was CNY1.3 billion as it announced its unaudited financial results for the second quarter ended June 30, 2010.

Chinese Internet Travel Revenue Up, But Profit Down For eLong.com

Chinese online travel provider eLong Inc. reported its unaudited financial results for the second quarter ended June 30, 2010, and stated its net revenues increased 45% to CNY118.9 million, compared to CNY81.9 million in the second quarter of 2009.

More Jobs In China Strengthen 51Job.com’s Earnings

Chinese online recruitment company 51job Inc. announced its unaudited financial results for the second quarter of 2010 ended June 30, 2010, and stated total revenues increased 35.7% over the second quarter of 2009 to CNY262.4 million.

Focus Media Dumps Chinese Internet Advertising Company Allyes

Chinese digital media firm Focus Media Holding Limited has entered into a definitive share purchase agreement to sell to Silver Lake a 62% indirect equity ownership of its Internet subsidiary, Allyes Online Media Holdings Ltd and its consolidated subsidiaries and affiliates, for USD124 million.

Sohu.com Reports Higher Internet Advertising Revenue, But Drop In Wireless Services

Chinese online services company Sohu.com Inc. today reported unaudited financial results for the second quarter ended June 30, 2010.

The End Of Social Networking Sites In China?

A new report issued by a Chinese government-funded research organization states Facebook and Western social networking sites pose spy risks, and these problems should make social media mavens worry about possible clampdowns on social networking sites in China.

Mobile Revenues Sink While Internet Ads Increase In China For Sina.com

Chinese online media portal and mobile value-added services firm Sina Corporation announced its unaudited financial results for the quarter ended March 31, 2010, and stated its net revenues grew 15% year-on-year.