Internet Access back to homepage

Sohu.com Does So Well In Q1 Results Sohu.com Does So Well In Q1 Results(0)

Dr. Charles Zhang, chairman and CEO of Sohu.com, said in a press statement, ‘We believe that these results are made possible only by our long-term strategic vision regarding the Chinese Internet space, such as our sponsorship of the 2008 Beijing Olympics, and by our continued technological development and advancement, such as with our in-house developed online game Tian Long Ba Bu. All of these achievements demonstrate the strength and power of the Sohu brand and our ability to continue to execute on our plan to lead the Chinese Internet space.’

Gross margin for the first quarter of 2008 was 76%, increased from 71% in the previous quarter and 60% in the same period of 2007. Non-GAAP gross margin was 76% in the first quarter of 2008, up from 72% in the previous quarter and 61% in the same period of 2007. The gross margin expansion was primarily due to the contribution from Tian Long Ba Bu. Net income for the first quarter of 2008 was US$21.6 million or US$0.55 per fully diluted share.

Advertising revenues for the first quarter of 2008 totaled US$34.8 million, a 3% quarter-on-quarter increase and a 36% year-on-year increase. For the first quarter of 2008, Sohu’s non-advertising revenues, which are derived mainly from online game and wireless value-added services, were US$50.1 million, representing 59% of total revenues. Online game revenues for first quarter of 2008 increased 71% quarter-on-quarter and 24 times year-on-year. Wireless revenue increased 17% quarter-on-quarter and 54%
year-on-year. Non-advertising gross margin was 85%, compared to 79% in the previous quarter and 52% in first quarter of 2007. Non-GAAP non-advertising gross margin was 85%, compared to 79% in the previous quarter and 52% in first quarter of 2007

For first quarter of 2008, Sohu’s operating expenses totaled US$34.0 million. Income tax expense was US$9.2 million, compared to US$0.7 million for the previous quarter and US$0.3 million for the same period last year.

Sohu estimates total revenues for the second quarter of 2008 to be between US$93 million to US$96 million.

Source : Chinatechnews

The Americans Are Coming: AOL Lands In Beijing The Americans Are Coming: AOL Lands In Beijing(0)

According to Chinese media, Aolong formally landed in Beijing at the end of last year. The company has rented a two-floor office space which can hold over a hundred staff in a science park in Beijing.

Aolong Beijing is reported to have three major departments: Labs, Mobile and Online Publishing. Of these, Labs mainly deals with next-generation Internet technology, Mobile specializes in the application and development of mobile communications related website and terminals, and Online Publishing does something related to aol.cn.

The unveiling of Aolong means that AOL has taken a tangible step in returning to colonize the Chinese mainland market. Early in 2001, AOL set up a company with the same Chinese name with Lenovo (then called Legend) and jointly launched with it a doomed Chinese portal website FM365.com. That website failed, leading to the closure of the joint venture and the sale of the website in 2004. AOL also previously had a lukewarm investment in second-tier Chinese website portal China.com.

All these past blunders for AOL makes one wonder ‘how long will Aolong’ survive?

Source : Chinatechnews

AOL Tries For Hong Kong AOL Tries For Hong Kong(0)

With a total population of only about seven million, Hong Kong is not an area that AOL can expect to earn lots of revenue. However it is an important psychological and strategic bid for the company as it hopes to jumpstart its America Online name and bring American business hegemony to Greater China netizens. The company will provide email, instant messaging, and regional content from local partners on this Hong Kong destination.

‘The launch of AOL.hk is just the beginning of an ongoing effort to provide consumers in Hong Kong with the services and content they want,’ warned Norman Koo, VP and general manager for Greater China, in a press statement. ‘Our industry-leading products and programming combined with our content partnerships will provide a unique experience for consumers and advertisers, as well as an international, regional and local mix of news, finance and entertainment information.’

Similar to a deal announced in Taiwan, AOL will provide a co-branded language portal for users of HP desktop and notebook PC’s in Hong Kong. This deal will assist AOL in claiming to advertisers a certain amount of users and help to create greater brand equity.

Tom Plans To Re-start Internet Strategy Tom Plans To Re-start Internet Strategy(0)

Yang Guomeng, the newly appointed CEO of Tom Group, has revealed the company’s Internet strategy in which Tom.com is positioned as an open and trans-network platform that not only provides mainstream services like e-commerce and instant messaging, but also is opened to all third-party applications.

Last year Tom Online took itself off the public markets in the hope of avoiding continued strain from investor worries. The company had been accused in mainland China of sending mobile spam, and mobile services accounted for a majority of its revenue.

Source : Chinatechnews

Hong Kong Plans To Spend HK$100 Million On Free Internet Service Hong Kong Plans To Spend HK$100 Million On Free Internet Service(0)

PCCW will be responsible for installing and operating Wi-Fi facilities in such public areas as libraries employment centers parks and government buildings. The whole project will be completed in two phases and the first 120 venues are expected to be put into use in June next year and the remainder done by 2009. OGCIO says that the agreement is a milestone in Hong Kong’s construction of a wireless city.

In order to make Hong Kong a wireless city the Hong Kong SAR government already spends money to provide free Wi-Fi service in public areas like airports parks residential areas and gyms. It is estimated that about 20.000 people are using this service each day.

Wi-Fi has become an infrastructure concern for cities across the world. Last year about 300 cities planned to make themselves wireless and this number has doubled this year. Companies like Google have said they wish to make cities like San Francisco offer free or low-cost wireless.

Source : Chinatechnews

China Netcom Launches Instant Communications Service China Netcom Launches Instant Communications Service(0)

Ling Xin is a comprehensive instant communications service that is available to all of China Netcom’s users. With this service, users can enjoy the instant communications service any time they like through multiple means including Little Smart short message, broadband PCs and the upcoming 3G client terminal. All this can be done between mobile phones, or between a mobile phones and PCs.

Just like China Mobile’s Fetion service, China Netcom’s Ling Xin also showcases interoperability among different means of communications.

China Netcom has launched Ling Xin as a value-added service to Little Smart. Some analysts quoted in local media say that China Netcom has entered the instant communications market at this very time to experiment on possible 3G services and accumulate experience for the upcoming roll-out 3G in China.

Chinese market research company iResearch data shows that income from China’s instant communication market reached RMB670 million in 2006 and it will increase by more than 20% in the coming years and reach RMB1.44 billion by 2010.

Source : Chinatechnews

Contacts and information

Social networks

Most popular categories

Real Time Analytics