HP Launches Moonshot Server In China

Focused on saving energy and space, HP unveiled its latest server product Moonshot in China.

China Mobile Net Profit Up 2.7%

Chinese telecom operator China Mobile published its annual financial report for 2012, stating that the company’s operating revenue was CNY560.4 billion, a year-on-year increase of 6.1%; and its profit attributable to shareholders was CNY129.3 billion, a year-on-year increase of 2.7%.

China’s Dangdang.com Shifts From Online Book Sales As Net Losses Increase

Chinese B2C e-commerce website Dangdang.com published its financial report for the fourth quarter and the entire year of 2012, stating that its total operating revenue increased by 31% year-on-year to CNY1.6 billion in the fourth quarter of 2012; while it made net losses of CNY120 million during the same period.

China’s Broadband Fees Drop 30% As More Households Come Online

More Chinese netizens have access to faster Internet from their homes, according to latest figures.

China Had 564 Million Netizens By End Of 2012; Fewer Using Desktop Computers To Surf

China Internet Network Information Center recently published its 31st Internet survey report, stating that by the end of December 2012, the number of Internet users in China had reached 564 million and the Internet penetration rate was 42.1%, which was 3.8 percentage points higher than 2011.

China’s 360buy.com Launches Cloud Computing R&D Center In Beijing

Chinese B2C e-commerce website 360buy.com held the opening ceremony for its Haidian cloud computing research and development base in Yiyuan Cultural and Creative Industrial Zone, Beijing.

China’s Online Game Industry Sales Reached CNY60.28 Billion In 2012

China’s Game Industry Annual Conference 2012 was just held in Suzhou and the comprehensive Chinese game industry report for 2012 was released during the conference.

China Mobile Reported CNY93.3 Billion Net Profit In First Nine Months Of 2012

Chinese telecom operator China Mobile published its performance report for the first three quarters of 2012, stating that its operating revenue was CNY408.6 billion, a year-on-year increase of 6.4%; while its net profit was CNY93.3 billion, a year-on-year increase of 1.4%.

Chinese Offline Retailer Makes Internet Group Discount Buying Push

Suning.com, the e-commerce platform of Chinese electronics and home appliances retailer Suning, revealed that they will launch a new nationwide group discount buying service this week.

China’s Renren.com To Cooperate With Singapore Game Developer

Social networking site Renren.com announced that it will work with Singapore game developer Nubee to jointly provide Nubee’s Japan Life to users of Renren.com in China.

Xiaomi To Acquire MSNLite Team For PC-based IM Development

Chinese smartphone maker Xiaomi has announced plans to acquire the MSNLite team, which will focus on the research and development of the PC version of Xiaomi’s instant messaging application after the acquisition.

China’s B2B E-commerce Trade Reached CNY2.95 Trillion In H1 2012

Hangzhou-based China E-commerce Research Center has published a data monitoring report on the Chinese B2B e-commerce market for the first half of 2012, stating that by June 2012, the trade scale of the Chinese B2B e-commerce market reached CNY2.95 trillion, a year-on-year increase of 13%.

China’s Meituan.com Reports Semi-annual Sales Of CNY1.916 Billion

Chinese group buying website Meituan.com published its latest sales statistics, claiming that the company achieved sales of CNY440 million in June 2012.

Sugon Takes On China’s Burgeoning Big Data In The Cloud

Chinese server provider Sugon launched a new cloud computing storage product targeting enterprise users as part of the company’s strategic move towards small and medium-sized businesses.

Meituan.com Claims CNY1.476 Billion In Sales So Far In 2012

Meituan.com, one of many Chinese group buying websites, has revealed its sales statistics for the first five months of 2012, stating that its overall sales reached CNY1.476 billion, and the company expected to realize profit by the end of the year.

China’s NetEase.com Launches URL Shortening Service

Chinese Internet portal NetEase.com has announced the launch of a new URL shortening service, 126.am.

China’s Meituan.com Claims Higher Sales Figures

Chinese group buying website Meituan.com has announced that its sales in March 2012 saw a record high of CNY301.587 million.

Chinese Internet Security Report Claims Viruses Decreased In 2011

Chinese Internet security company Kingsoft published its latest Chinese Internet security report, stating that the number of new viruses decreased in 2011 while the attacks targeting Internet shopping in China continued to surge.

AdChina’s IPO Reveals Worries Of Foreign Investment In Chinese Internet Sector

AdChina Ltd., an Internet advertising company in China, has issued its draft prospectus for an eventual initial public offering of its Cayman Island entity on Nasdaq under the symbol ADCN.

Chinese Internet Advertising Revenue Reached CNY14.87 Billion In Q4 2011

Chinese Internet websites have continued to benefit from the maturing demand for online branding, Internet promotions, and e-commerce sales.

CNNIC: China’s Microblog Users Reached 250 Million In 2011

China Internet Network Information Center has published a new statistics report, stating that there were 250 million microblog users in China by the end of 2011, a year-on-year increase of 296%.

China’s Game Market Scale Reached CNY44.61 Billion

Information from China Game Industry Annual Conference held in Xi’an, capital of Shaanxi province, revealed that the market scale of the Chinese game industry reached CNY44.61 billion in 2011, a year-on-year increase of 34%.

Baihe.com Begins Real-name Registrations In China

Baihe.com, a marriage social networking website in China, has started compulsory real-name registrations for new users, and the registrations will be checked via an authentication system.

360buy.com Finally Launching Luxury Retail Website In China

A representative from the Chinese B2C retail website has confirmed that the company plans to launch its luxury website Toplife.com in November 2011.

More Possible China E-commerce Acquisitions For eBay

eBay reportedly expects its Greater China sales in 2011 to increase by between 30% and 40%, and the company will seek opportunities to acquire new assets to increase its market share in China.

China’s Tencent Enters Mobile Market With 3G Smartphones

Chinese Internet giant Tencent has announced that it is cooperating with China Telecom and five mobile phone manufacturers in the launch of six smartphone products, which have the embedded QQ-service platforms.

Inspur Launches First Chinese Cloud Data Center Operating System

Chinese computing platform and information technology application solutions provider Inspur has launched the first cloud data center operating system named “Sea of Clouds OS”.

Tencent To Operate New South Korean Online Game In China

Chinese Internet company Tencent has gained the rights to operate Blade & Soul, a new online game developed by the South Korean company NCsoft, on the Chinese mainland.