Tencent Buys Google Social Networking(0)
Tencent, China’s No.1 online game operator and its largest instant messaging provider, had bought Comsenz, a Beijing-based social-networking provider, Comsenz said in a statement on its website. Comsenz is backed by Google Inc, Sequoia Capital and Morningside Ventures.
China’s Internet space is becoming more cut-throat as users become more sophisticated and selective over which products and services they use and companies jostle for attention in an increasingly crowded arena.
Source : Konaxis
Video Tudou 50 Million(0)
The Shanghai company is the first Internet media company in China to be added to Temasek’s roughly $140 billion portfolio, which includes controlling stakes in some of Singapore’s biggest companies and stakes in two of China’s biggest banks. Temasek invested $35 million in Tudou, which provides streaming online video, including syndicated television shows and user-generated content.
The latest round of fund raising “is for us to expand,” said Gary Wang, chief executive of Tudou, in an interview with The Wall Street Journal. The company, which has raised a total of $135 million since its website went live in 2005, will use the money to invest in differentiating its products and services, including creating more original video content and developing the ability to develop mobile applications in-house, Mr. Wang said.
Tudou and Youku.com are the top online-video websites in China.
The CEO said Tudou, which has an application that works with Apple Inc.’s iPad, is developing applications for iPhones and handsets running Google’s Android operating system. He hopes that all 38 million videos available on Tudou will be available for viewing on its mobile applications within a month, an endeavor that Mr. Wang said requires significant resources.
Source : Konaxis
Chinese SNS: Perish Before Old(0)
The “Perish Before Old” condition of Chinese SNS sites now is a phenomenon. Entering 2010, smaller SNS sites that belong to the first generation of Chinese SNS sites fell down one after another, and on the death list are 360quan.com, Mayi.com and other SNS sites.
The giants are having a tough time of “Growing Pains” too. After experience a fast growth of 60 million registered users in 2008 and 2009 , Kai Xin (kaixin001.com) now have found their loyal users are turning away, cancelling their accounts. In the following 10 months after their big leap, there were only 25 million users. It is only the history that their users used to get up in midnight to play their web page games.
Let’s look at the west. Facebook has attracted a total of 500 million registered users, and advertisers have increased their advertisement budget on facebook.com by at least 10 times in the past year.
According to Hitwise, a market research company, Facebook has topped Google.com, winning the title of “Largest Website of the U.S.”. It has also become the largest advertisement publisher, instead of Yahoo.com. The first quarter market share is 16%, higher than that of the last fourth quarter.
After reading the above, you may be thinking “What have the Chinese SNS sites done wrong?”
One of the most crucial issue is the fact that they lack technical creation
Copying the west looks like an ordinary internet business model, even some of China’s major Internet businesses such Tencent, which is very famous for their ability of imitation in the circle. The are some people that believe “Who copys profits.”
This is more of a working routine now in the world of SNS sites. Both Kai Xin and Renren copy their western counterpart, facebook.com. This is truth.
Let’s wait and see where Chinese SNS sites will head for.
Youku CEO said: ‘Video industry is take off the hat of burning money’(0)
At present, known as “the most money-burning” video industry began to farewell “input without output” state, entered a virtuous cycle stage.
Insiders said a large-scale video website should across at least three “100 million” thresholds to be successful. Currently, Youku, Tudou and Ku6 crossed thresholds.
Zhao Xufeng, senior analyst, said in just four years, the the video industry market size increased from the original 100 million to 1.36 billion, up to 92% compound annual growth rate. It was expected in the next few years, the video industry would continue to maintain the annual growth rate of more than 60%, to 2013, advertising revenues will exceed 10 billion yuan, reaching 10.86 billion.
China accepted WTO ruling allowing joint ventures to distribute music online(0)
The United States once sued China because of it put obstacles on import and distribution of books, music, movies and other entertainment products.
Committing to fulfilling WTO ruling means the Chinese have to adjust its import policy on American movies, audio and video products and books. China is allowed to retain import rights of two Chinese state-owned film distributors, and protect the Chinese government to have a degree of right to censor foreign films without increasing the annual quota of 20 foreign films for import. However, China cannot forbid the United States and other foreign enterprises to export to China movies, music, video games and books, and allow the joint venture to distribute music on Internet.
It is known that starting from 2003, Chinese domestic films at the box office have been beating imported films for 6 years. Market participants believe that, by contrast, audio-visual products may suffer more. Yesterday, reporter interviewed Tai He Mai Tian, in which Song Ke said that China’s future policy changes would not seriously affect the Chinese original recording industry, he also believed that this would do good to the show market.
You Shi net: business SNS minority(0)
When we are still indulged in “stealing vegetables” “grab parking lots” based community, in the United States, a social networking site called LinkedIn is doing business fast, and now covers more than 50% of U.S. white-collar crowd with annual revenues of more than 100 million U.S. dollars.
A guy named Lu Hansen with China and Philippines origins returned to China in 2008 and founded a business networking platform in China – You Shi Net. Different from other sites, You Shi Net is minority of “Real name invitation Membership Fees You Shi currency”
Recently, the reporter was informed You Shi Net got millions of dollars ventures investment. As for the specific amount of investment, Lu Hansen said a big new fund was going to come in immediately, but it was not convenient to disclose details for this moment.
First batch of members are from investment professionals
Before starting this site, Lu Hansen has been successfully established in Canada a very international community sites – WorldFriends, targeting at the cross-cultural network, looking for foreign pen pal, getting travel information and a platform for learning a foreign language.
Lu seems very experienced in how to run the community, as he found his business model before its inception in WorldFriends, not only just selling advertising space, the site also allows users to have a few ways of upgrades with different priority functions: for example, if a user can pay the cost of 24.95 U.S. dollars per month, he can post contact information (such as email, instant messaging, voice and video chat information) to all users; if a user pays 244.95 U.S. dollars a year, he can post contacts and get contacts from all users for free.
YouTube was in secret delegation to enter China; Prospect not optimistic(0)
Jidong.com relevant source disclosed that, about two weeks ago, more than 10 YouTube United States staff visited jidong.com to discuss matters relating to entering China. In the preliminary negotiation both sides reached the current strategy, YouTube opened special channel at jidong.com to output huge amount of video resources to user.
Last week, Hulu CEO had a “secret meeting” with a number of domestic video sites leaders including jidong.com. Chairman Lv Wensheng from jidong.com said he was optimistic about this interacting sharing model of YouTube.
On May 12 jidong.com announced officially it was issued by the State Council Information Office of the “Internet News Information Service License”, and became the first private video site holding news license. Industry analyst said YouTube selected jidong.com to indirectly enter China was because jidong.com was the first private video site with news license, which can avoid some policy risk. But till now, none of these sites was making profit; even the ku6 was in loss, which was backdoor listed at stock market though hurray, therefore, these foreign video sites prospects are not optimistic.
Douban.com announced mobile douban was officially launched in community(0)
The number of registered users exceeded more than 40 million launched mobile douban on Jan 7, to support searching book, movie, and music. Douban website provided rich data resources for mobile douban. In order to meet more and more users demand of interaction at mobile, mobile douban launched community function. Users can access m.douban.com at any time, though radio, neighbor status were recognized and users can record their own life using “I said”, participate in group discussions topics, respond to diaries or photo albums, exchange emails with Friends, send messages to musicians, or to recommend interesting contents to your neighbor, with real-time information interaction.
It was known that mobile douban still provided books and movies information search function. Click the book and movies links at the bottom of the page to enter the search page, search function support ISBN, ISRC and barcode search. Users can login from http://www.douban.com/mobile/ to find more mobile douban details.
Sina micro-blog and CC video reached strategic cooperations(0)
Below each video of bokecc.com, there has been added the “forward to the Sina microblog” feature, so that users can use this service to move favorite videos to the micro-Blog to share with “fans”. And though this new media form of communication, contents are not limited by 140 word limit, carrying more information and value. To embed media information to micro-blog for transferring, this rich format will further enhance the interaction between users.
CC Video is the largest domestic video service platform, providing video products and services for more than 100,000 video sites, daily coverage and impact of about 320 million Internet users. CC lian bo(v.bokecc.com) is online video network sites under CC video, working with many TV stations, copyright agencies, domestic well-known sites, providing users of genuine authority and original content, local news, local entertainment and arts programs.
CC video market director said: “Sina micro-blog is the most popular real-time communication platform, and cooperation with sina mirco-blog can deeply tap the communication value of mutual customers, providing a more exciting audio-visual content. In the near future, we will deepen the cooperation with Sina micro-Blog, to give more surprise to users at the product level. ”
Industry analysts believe that because of CC video’s unique business model, its contents are mainly from the professional, semi-professional media production agency, so in this cooperation, more high-quality video contents can be introduced to Sina microblog.
Microsoft MSN China(0)
Xiao Chen, MSN China’s Vice-President of sales who has been with the company since its inception, will leave at the end of March to pursue his own start-up, a Microsoft spokeswoman told Reuters.
MSN China, which was launched in 2005 with local partners, is struggling to compete against QQ, a chat messaging and social network operated by Tencent Holdings, China’s most valuable Internet company.
MSN China ran into trouble late last year when its microblogging site, Juku — created by an independent vendor — was accused of copying another start-up. Microsoft subsequently suspended the service.
For its part, software giant Microsoft is pinning its China hopes on search engine Bing, currently a minnow in China’s 7.2 billion yuan ($1.1 billion) search market.
Microsoft said earlier this month it will stick to its strategy for China’s Internet search market regardless of the outcome of Google’s high-profile spat with Beijing.
Motorola Inc said last week it has reached a deal with Microsoft to put Bing search and mapping services on its phones that use Google’s Android operating system.
Source : Konaxis