Alibaba had already hired Duberstein Group (an American company), they will negotiate for acquiring Yahoo asset. Analysts thought Alibaba might buy Yahoo all Asian assets.

Softbank Corporation who has a 30 percent stake in Alibaba and also is Yahoo’s a partner in Japan becomes a lobby group with Alibaba.

September, Alibaba founder Jack Ma had expressed: if opportunity is acceptable, he is interested in the Yahoo.

The lobby company in Washington can help Alibaba respond to U.S. political opposition, avoid the internet control and inspection and so on, to let Mr Ma acquire the assets of Yahoo.

“Sometime ‘national security’ is just an excuse, the real reason is the commercial purpose. ” Marbridge Consulting, executive director, Mark Natkin point out:” I don’t think that there will be a big problem about Alibaba acquires Yahoo, the users can still share or keep date follow their inclinations. Whether or not concern the company of attribution where the user decisions. ”

Sale situation will become clear

Alibaba, Softbank and Yahoo have been looking for good means to be able to disentangle the complicated relationship among them. An insider says, early in the autumn, Alibaba had hired Duberstein and the private equity firms to deal with the acquisition about Yahoo. Although these private equity firms had attempted to buy all assets of Yahoo, but the result of discussion, they thought of selling Yahoo off in pieces maybe was a better idea. American assets will be belonged to the purchase group, while Asian assets will be sold to Alibaba and Softbank.

An insider says, at present the situation of the acquisition about Yahoo has became clear. Yahoo will plan to sell the Asian assets to Alibaba and Softbank. The part of the value is $17 billion. Alibaba can also buy-back Yahoo had 40% of the group holding shares, getting the ownership Yahoo in Japan.

Yahoo has been finding a reasonable way to deal with the business and reform the style, to copy with Google and Facebook.

In early December, the media had reported that a few lenders were considering for Alibaba providing $4 billion loans to help the company buy-back Yahoo had 40% of the group holding shares.

The background of lobbying companys

According to the U.S. congressional record, Alibaba had submitted some documents, preliminarily revealed the company intent to lobby the U.S. government.

Kenneth Duberstein is responsible for Duberstein group who was served as a staff of the officials in White House when President Reagan. The company also includes BP, Goldman sachs, Pfizre and so on.

In addition, Duberstein says, American law firms like Wachtell, Lipton and Rosen & Katz will serve as the lobbying team of Alibaba and Duberstein.

December 23, the United States senate office had received the related records of lobbying team, then it issued to online. But the lobby about the takeover of Yahoo maybe has already started.

According to the law of the United States, lobby companies must disclosure of relevant files to the public in 45 days when they were in contact with officials formally. Alibaba’s record says, the matters had already launched on December 1, 2011 formally.

Net income was $33.45 million, or 82 cents a share, little changed from $33.53 million, or 79 cents, a year earlier, Sohu said in a statement. The Beijing-based company was expected to post profit of $32.2 million, based on the average of 11 analysts? estimates compiled by Bloomberg.

Sohu last year spun off online games unit Changyou.com Ltd. to focus on selling advertising to companies. Chairman Charles Zhang is boosting spending to develop Sohu?s search engine, Sogou, after Google Inc. moved its Chinese service offshore amid a standoff with local regulators on Web censorship.

Sales increased 15 percent to $146.1 million, Sohu said. Revenue from Internet advertising rose 26 percent to $57.1 million, while online game sales gained 17 percent to $77.7 million.

Third-quarter revenue will range from $153 million to $158 million, Sohu said.

Sogou accounted for 1.1 percent of China?s paid-search market last year, making it the country?s third-biggest behind Baidu Inc. and Google, according to research company iResearch.

Source : Konaxis

NASDAQ OMX senior vice president who is in charge of new listings and capital market – Bob McCooey – said: “We are pleased to be listed on Nasdaq, as Nasdaq is the innovation and growth birthplace?.

Gao De software is the 22th Chinese company to be listed in USA since 2010, and also the 8th Chinese company to be listed at Nasdaq. Gao De software will use the IPO funds raised to add data-processing equipment and R & D center.

Among Nasdaq 145 listed Chinese companies, 123 companies are from mainland China, 16 from Hong Kong and 5 from Taiwan, 1 from Macau. In these companies, the one with largest market value is Baidu. Baidu is also inside the Nasdaq 100 Index.

Huayi Brothers spent 73.5 million yuan on 12.25% shares, and shareholders Yao Wenbin, Yeying Tao, Deng Pan, Yang Kai were sellers. By the time of first payment for shares made by Huayi Brothers, it will automatically get 12.25%.

Huayi Brothers added 75 million yuan, out of which 1.25 million will be used add palm fun science and technology registered capital, and 73.75 will transfer to palm fun science and technology capital provident fund.

Palm fun is primarily in mobile games, webpage games, community gaming and other services. Palm fun as leading mobile game developer and distributor, self R&D “Qian Fu”(permited by tv series with same names), “3 Kingdoms Fighting” (also permitted by tv with same title)games and products, and act on behalf of American game company EA’s “Need for Speed”, “2010 FIFA South African World Cup” and other mobile games. Palm fun also established a wide range of mobile games distribution channels, and began to cross-platform (Web-Mobile) webpage online games, social gaming R&D and distribution.

Palm fun has 7 Subordinate with 100% holding, such as Wolong Technology Co., Ltd., Dalian, Beijing No.9 Technology Development Co., Ltd., Beijing China Entertainment Juyou Technology Development Co., Ltd., Beijing China Entertainment Juyou Industrial Science and Technology Co., Ltd., Beijing Feng Shang Jiacheng Technology Development Co., Ltd., Beijing Juyou palm Union Technology Co., Ltd. and Guangzhou luck Communication Technology Co., Ltd..

CMC’s principal initiator and investor parties have strong financial investment and background of the media industry, including the Shanghai Oriental Culture Industry Investment Co. held by Shanghai Oriental Media Group Limited (SMG, the original Shanghai Media Group), Guo Kai financial limited co., subsidiary of China National Development Bank, Shanghai Dazhong Public Utilities (Group) Co., Ltd. held by Shanghai Volkswagen Group, Shenzhen Tian Zheng Capital Equity Investments Limited, subsidiary of China Merchants China Fund Investment Co., Ltd., Wenhui Xinmin United Press Group, the broadband capital and other institutions.

It is known that the agency will focus on restructuring in the field of culture and media, industry consolidation and innovations, self-positioning to be strategic investors to promote the development of domestic cultural industries across; At the same time the Fund will be committed to the “Chinese culture going out” by using the means of capital to get involved in the international media market, building Chinese global media investment and operation platforms.

Specifically, the fund will focus on providing growth capital, corporate restructuring, management buyouts and other market-oriented financing.

Li Ruigang said earlier that the current assets value of Chinese media had been seriously underestimated, and only the capital market could find all of its internal value and market potentials.

Tencent said it saw weaker seasonality in the second quarter for its IVAS business, citing fewer holidays in the period and students’ exams.

The company, China’s largest online game operator and instant messaging platform, reported 90.8 percent growth in revenue from online games. IVAS revenue totaled 3.39 billion yuan for the quarter.

IVAS contributed most of Tencent’s total revenue, online advertising contributing 4.8 percent and mobile services 14.6 percent.

Tencent said net profit rose to 1.78 billion yuan in the first quarter, from 1.035 billion yuan a year earlier. Revenue rose 68.8 percent to 4.23 billion yuan.

Last month, Tencent paid $300 million for 10 percent of Digital Sky Technologies, an investor in the Russian equivalent of Facebook, which also recently purchased chat messaging platform ICQ from Time Warner.

Tencent’s ambitions to expand overseas comes as China’s online game market becomes more cutthroat, with companies churning out similar games, jockeying for the attention of an audience whose tastes are becoming more sophisticated.

Online game revenue in China rose more than 40 percent in the first quarter to 7.82 billion yuan, said Beijing-based Analysys International.

Source : Konaxis

The deficit will be about 310,000 metric tons before the new crop comes onto the market, the agency said in a report, citing the China National Cotton Reserves Corp. The deficit calculation has taken into consideration the quantity China needs to import and the available global supply, it said.

India, the world?s second-largest cotton grower, halted exports last week to boost domestic supplies and cool prices. China?s economic growth of 11.9 percent in the first quarter is spurring textile consumption while cotton output last year shrank on reduced planting.

Chinese consumption may outstrip available supply by 3.5 million tons in the marketing year ending Aug. 31, and supply will remain tight next year, said analysts.

Demand is recovering as China?s cotton yarn output jumped 20 percent in the first quarter as factories increased production on improving exports, the China Cotton Association said on April 23.

The government is likely to issue another 1.1 million tons of import quota in May, Yuan said, in addition to the existing 1.89 million tons.

“It?s difficult to be optimistic about domestic spring planting because farmers have had to delay by 7-to-10 days as temperatures in most major producing areas remained lower than usual,? the commission?s report said.

For the first quarter, the company reported net income of $41.3 million, or 73 cents a share, compared with $44.6 million, or $1.15 a share, in the year-ago period.

Revenue rose 12 percent to $129.5 million, helped by a 17 percent increase in online games revenue.

On a non-gaap basis, the company earned 86 cents a share.

Analysts on average were expecting earnings of 72 cents a share on revenue of $128.2 million, according to Thomson Reuters I/B/E/S.

For the second quarter, the company forecast non-gaap earnings of 87 cents to 92 cents a share, on revenue of $139 million to $144 million.

Analysts were expecting earnings of 84 cents a share, on revenue of $140.4 million.

Source : Konaxis

9:29:30, everyone began to applaud.

9:29:58, Bo Quan pressed down that green button.

9:30 am, the bell rings, declaring the day of trading opened, we continued to applaud until 9:30:30, as CNBC and the New York Stock Exchange Web site was live broadcasting the whole ceremony, and then all of us shook hands and embraced each other congratulations. Down to the trading floor, after waiting for 7 days (NYSE: SVN) the first day opening price was here, after about 10 minutes, the big screen poped out auction results, $ 13.50.

New York local time the morning of November 20, China’s third-largest economy value chain hotel - 7 days Hotels was listed in New York Stock Exchange and became the first Chinese chain services company landing there. Director Zhang Qiong recorded this exciting moment in blog.

“The general opening bell is 10 seconds, Mr. He pressed it for 15 seconds not willing to let it go, people underneath quickly pulled out his hand and said: “If you continue to do this, the stock exchange will not be opened.”" 7 days CEO Zheng Nan-Yan overseas connecting with the “Money Weekly” reporter in the same evening recalled the scene at that time.

7 days hotel price of 13.5 U.S. dollars listed on the first day opening exceeded the issue price of 2.5 U.S. dollars, closed at 12.5 U.S. dollars, increased by 13.64% against contrarian market. The IPO issued a total of 10.1 million copies of ADS, accounting for 20.6% of the company’s total share capital, financing an amount up to 111.1 million U.S. dollars.

41-year-old Zheng Nan-Yan (holding 13.4%) overnight was among the ranks of billionaires, soared to 0.37 billion yuan, and the chairman “reclusive” behind the scenes, 47-year-old He Boquan (holding 35.3%) has surface assets of nearly 1 billion yuan.

Former CEOs of Robust, He Boquan and former vice president of Ctrip, Zheng Nan-Yan, has an admiring story. In 2004, He Boquan met Zheng Nanyan for twice with each meeting less than 3 hours, and the lattter never did hotel industry, and then they invested 60 million yuan to build 7 days. Now He Boquan’s holdings is more than 20 times of the market value.

Public data showed as of the end of September 2009, 7 days has opened 283 branches, the number of branches ranked third in the industry, just behind Ru Jia and Jinjiang Zhi Xing. The network has covered 41 cities, and rooted in Beijing, Guangzhou, Shenzhen and other major cities and many provincial cities. 7 days hotel has maintained a sound momentum of rapid growth, and thus become the fastest-growing economy-scale hotel chain.

“In the U.S. roadshow, we found that investors there were very rational, very mature, very professional. A lot of features, including cash IT management system, a huge membership system, and a leading cost control are subject to their attention. ” Zheng Nan-Yan told reporters.

In July, Sina agreed to sell its online real estate business to E-House China Holdings in exchange for a stake in a newly formed company, China Real Estate, which listed on the Nasdaq in October.

To help it expand the number of users, Sina has a number of niche portals catering to sectors such as food, autos and games.

Chao expects advertising sentiment to improve further in 2010 with the World Expo being held in Shanghai next year and major sporting events taking place.

Citigroup analyst Catherine Leung said Sina was poised to deliver robust performance in 2010 as it benefits from an improvement in margins.

Sina’s advertising revenue fell 16 percent in the third quarter, but rose 10 percent from the previous quarter to $63.8 million. The company forecasts advertising revenue between $60 million and $62 million.

Net profit fell to $16.7 million, or 29 cents a share, from $18.85 million, or 31 cents a share, a year ago.

Including advertising revenue from its online real estate business, which was recently merged with another company, it expects fourth quarter revenue to come in between $106 million to $109 million. That tops the average $99.5 million forecast from analysts, according to Thomson Reuters.

After excluding that business, the revenue will range between $93 million to $96 million.

Source : Konaxis