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.
Chinese mobile services and Internet portal company NetEase.com Inc. announced its unaudited financial results for the first quarter ended March 31, 2010, and stated its total revenues for the first quarter of 2010 were CNY1.2 billion, compared to CNY1.3 billion and CNY781.7 million quarter-on-quarter and the first quarter of 2009, respectively.
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.
Chinese video website Youku.com has launched an independent video search website Soku.com, which allows users to search for videos on Youku.com as well as those on other websites.
Chinese digital media group Focus Media has announced that the company and its subsidiary Allyes will implement a management buyout, acquiring a 38% stake in Allyes for USD13.3 million.
Hong Kong-based enterprise software and new media firm CDC Corporation announced financial results for the fourth quarter and year ended December 31, 2009, and stated total revenue in the quarter was USD83.0 million, compared to USD76.6 million in the third quarter of 2009.
Showing that Chinese businesses were slow to hire new employees in 2009, Chinese online recruitment company 51job Inc. just revealed its unaudited financial results for the fourth quarter of 2009 and for the fiscal year ended December 31, 2009, and stated that revenues fell 5% from 2008.
Chinese online and mobile media company Sina Corporation announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009.
Chinese Internet company NetEase.com Inc. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009, and showed large annualized and sequential revenue increases.
Amidst news of a major security breach and the fleeing of its chief technology officer, Chinese search engine Baidu.com has managed to post increased profit for the end of 2009.
According to local media reports, rival Chinese video websites Youku.com and Tudou.com have formed an alliance and jointly launched a new online video joint broadcast model, sharing the copyright of each other’s exclusive videos.
Chinese digital media and advertising company Focus Media Holding Limited has announced a couple of key executive appointments.
Chinese search engine firm Baidu Inc. is launching a new company to provide advertising-supported online video services in China.
