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Giant network submitted 20-F documents for fiscal year 2008 Giant network submitted 20-F documents for fiscal year 2008(0)

Investors can visit the Giants web site (www.ga-me.com) to obtain relevant results.

Upon requests of shareholders and holders of American Depository Receipts, Giant network will offer free printed document of audited financial report 20-F, investors sent a letter to the following address to get them: 2F, No. 29, 396 Guilin Road, Xuhui District, Shanghai , Postal Code 200233

Chengdu net company won 50 million yuan VC investment Chengdu net company won 50 million yuan VC investment(0)

“Currently we should be the the first company who focuses on RIA’s high-end professional applications!” Jia, chairman and managing director of Hansen information said. As the next generation of Internet content development technology, the directions of RIA technologies developments including the community website, the next generation mobile communication, set-top boxes, embedded devices and online games, and the core technology of current engine JGNET developed will be able to achieve transition in the Internet 2D games and graphics portal community of leading websites.

Talking about the prospects of investment in Hansen information, ZHANG Chun-hui, director of capital investment Song He, said the experiences brought out by the JGNET engine-based RIA products would be an important area of domestic WebGame market pattern, having values changes spaces on the Internet community patterns. It is understood that the Song He capital establishment was initiated by the Hong Kong-Shenzhen research and producing Venture Capital Co., Ltd. management team as the professional venture capital management companies, currently managing assets entrusted tens of billions of dollars and entrusted to administer more than 40 enterprises.

Beida Jade Bird Group Beida Jade Bird Group(0)

David Wu, director of brand of Beida Jade Bird had no knowledge of this. Yang, CEO of the company, previously said that the Beida Jade Bird in 2007 to 1.85 billion revenue last year, revenue growth of 20% to 2.14 billion. Beida Jade Bird’s subsidiaries include Beida Jade Bird Aptech, Beida Jade Bird IT education, Beida Jade Bird Network Education, Beijing University resources to schools and other schools.

Tencent was deleted from the list of confirmed purchases by Goldman Tencent was deleted from the list of confirmed purchases by Goldman(0)

According to Goldman Sachs’ latest research report, the buy rating of tencent will be maintained, but it will be deleted from the list of purchases; the target price is raised from 85 Hong Kong dollars to 92 Hong Kong dollars, and the target earnings will be raised from 23 times for fiscal year 2010 to 25 times (based on non-GAAP earnings per share), representing a premium of 10% of market value.

Goldman Sachs said that driven by the emergence of buying rounds actions for the Internet stocks and the first quarter net profit growth of 94 percent over the same period than previous year, since December 15 Tencent have been included in the list, its 84 percent rise significantly outperformed the Morgan Stanley Capital International China Index’s 29 percent increase over the same period, reaching the previous target price of 85 Hong Kong dollar, and so it is no longer in the list.

CDC Corporation Issues 2007 Annual Results CDC Corporation Issues 2007 Annual Results(0)

‘Despite the economic downturn, I believe our company is in a strong position,’ said Peter Yip, CEO, CDC Corporation. ‘We finished 2007 with record Q4 revenue of US$107.7 million while our software business achieved record milestones for the full year in all key metrics including license, maintenance and services revenue, and adjusted net income.’

Total revenue from CDC Software for 2007 was US$349.0 million, an increase of 45% from US$240.8 million in 2006. Revenue from CDC Games for 2007 was US$33.6 million, an increase of 25% from US$26.8 million in 2006. The China.com segment, excluding the discontinued MVAS business, generated paltry revenue of US$11.4 million in 2007, an increase 13% from US$10.1 million in 2006. Total revenue for full year 2007 was US$402.4 million, an increase of 30% from US$309.5 million in 2006.

Total revenue for CDC Corporation in Q4 2007 was US$107.7 million, an increase of 20% from US$ 89.4 million in Q4 2006. This represents the highest quarterly revenue in the company history. Net loss was US$91.2 million for Q4 2007, compared to a loss of US$2.2 million in Q4 2006.

Source : Chinatechnews

eBay Eachnet Suffered RMB104 Million Loss In 2007 eBay Eachnet Suffered RMB104 Million Loss In 2007(0)

Tom Group’s newly appointed CEO Yang Guomeng says the company’s big loss was mainly due to a one-time expenditure, particularly the payment for the use of eBay platform and the cost of promotion, but he does not say when eBay Eachnet can make up the deficit.

Tang Meijuan, former CEO of Tom Group, who has reportedly resigned because of personal reasons, says the company’s acquisitions in the year also attributed to about RMB164 million in losses.

Source : Chinatechnews

Shanghai To Offer Conditional Free IPTV Service Shanghai To Offer Conditional Free IPTV Service(0)

The city’s IPTV operator BesTV will cooperate with Shanghai Telecom to launch a sales promotion until June 30 targeting the city with unlimited-time 2M or 1M ADSL services. During the period, the company will exempt eligible users from paying the RMB310 installation fee and two years’ IPTV service fee if they can spend more than eight days a month browsing IPTV. The parties say that they will charge 2M ADSL users RMB22 per month and 1M ADSL user RMB27 per month if they fail to spend eight days using IPTV. The charge for those ADSL users in the suburbs of the city is even higher: RMB27 per month for 2M users and RMB32 per month for 1M users.

Yang Bingfeng, team leader of Shanghai Telecom’s IPTV Business, said that the sales promotion is mainly organized to attract more IPTV users. Yang said that 80% of Shanghai’s three million ADSL users are eligible for this service and they hope that the total users of IPTV of the city will reach 800,000 by the end of this year.

Currently, there is not a mature business pattern for the promotion of IPTV in China. Some users complain that images in IPTV programs are not so clear.

Source : Chinatechnews

eLong CEO: eLong Will Take Three Measures To Reduce Gap With Ctrip.com eLong CEO: eLong Will Take Three Measures To Reduce Gap With Ctrip.com(0)

The latest financial report of eLong.com shows that the company suffered a net loss of RMB12.1 million in the fourth quarter of last year. In comparison, their competitor Ctrip.com achieved RMB135 million in net profit during the same period.

Cui admitted there are differences between eLong.com and Ctrip.com, and said that his company would take three measures to eliminate these differences. Cui said first he would concentrate on building a capable management team; second, focus on reshaping the enterprise culture and building a brand with the employees, service and profit as the center; and third, spend RMB200,000 to train the employees and evaluate clients’ satisfaction and employee loss each month.

Regarding operations, eLong.com will invest more on brand development, system construction and human resource and will probably consider some acquisitions in the future.

Source : Chinatechnews

Omniture To Resell Chinese Search Engine Services Around The World Omniture To Resell Chinese Search Engine Services Around The World(0)

‘This strategic partnership with Omniture will enable Baidu.com advertisers to increase the performance of their online campaigns,’ said Haoyu Shen, Baidu.com’s vice president of business operations. ‘By integrating our search metrics with Omniture, we believe online marketers will not only be able to measure campaigns but also improve conversion by making the end-to-end search experience more relevant. Companies tapping the Chinese market should now be able to reach Baidu.com customers more easily.’

According to iResearch, Baidu.com’s share of Web search traffic in the third quarter of 2007 was 73.6% in China while Baidu.com’s market share for China’s search engine marketing spend was 60.8%.

‘We believe China is an enormous untapped market opportunity for many companies,’ said Josh James, CEO and co-founder, Omniture. ‘Our partnership with Baidu.com strengthens our business in China and allows our customers to more effectively add China to the growing list of world economies supported by Omniture solutions.’

Source : Chinatechnews

eLong Posts 2007 Financial Results For Chinese Internet Travel eLong Posts 2007 Financial Results For Chinese Internet Travel(0)

‘The improvement in eLong’s top line performance in Q4 2007 was driven in large by improved call center service levels, the introduction of ’24 by 7¡ä air ticketing service and introduction of a triple loyalty points offer to reward customers,’ said Guangfu Cui, CEO of eLong. ‘We recognize however that we have significant work ahead of us going forward. In the coming six months we will continue our efforts to improve customer experience by investing in back office systems, streamlining order fulfilment and launching a major website upgrade.’

Hotel commissions for the fourth quarter of 2007 increased 20% year-on- year primarily due to higher room volume. Room nights booked through eLong increased 19% to 1,023,000, while commission per room night was RMB0.7 higher than the prior year quarter, at RMB66. eLong increased the number of hotels offered by 37% in 2007, bringing the total to more than 4,800 hotels in over 300 cities across China as of December 2007, compared with 3,500 as of December 2006. Hotel commissions for fiscal 2007 increased 15% year-on-year primarily due to higher room volume. Room nights booked through eLong increased 14% to 3,711,000 for fiscal 2007, while commission per room night was RMB65, up RMB0.5 compared with the prior year.

Air ticketing commissions for the fourth quarter of 2007 increased 66% year-on-year, driven by a 39% increase in air segments to 373,000, and a 73 basis point increase in the average percent commission to 5.6% or RMB43 per air ticket. The quarter also benefited from higher average ticket price, which went up by 4.5% year-on-year, to RMB769. Air ticketing commissions for fiscal 2007 increased 50% compared to the prior year period primarily driven by a 41% increase in air segments to 1,416,000, and average percent air commission per ticket increased to 5.1% or RMB41.

Gross margin in the fourth quarter was 72%, compared with 75% in the prior year period. The primary driver of gross margin reduction was the mix shift from higher margin hotel revenues to lower margin air revenues. The remaining margin reduction was mainly driven by increased call center expenditures associated with improved customer service levels. Gross margin for fiscal 2007 was 72%, compared with 75% in fiscal 2006. Gross margin decreased primarily due to the same factors impacting the fourth quarter year-on-year margin decline.

The total of service development, sales and marketing, general and administrative expenses for the fourth quarter 2007 increased 13% year-on-year; total operating expenses increased 14% year-on-year. The total of service development, sales and marketing, general and administrative expenses for fiscal 2007 increased 12% compared to fiscal 2006; total operating expenses increased 13% over the prior year.

Net loss for the fourth quarter 2007 increased by RMB10.4 million over the prior year quarter to RMB12.1 million. Net loss for 2007 increased by RMB21.1 million to RMB22.1 million.

eLong expects net revenues for the first quarter of 2008 to be within the range of RMB68.0 million to RMB75.0 million, an increase of 10% to 22% from the first quarter of 2007.

Source : Chinatechnews

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