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Sohu Q4 falls Sohu Q4 falls(0)

Sohu’s Changyou.com competes against NetEase.com, Tencent Holdings and Shanda Games on China’s $4 billion online game market.

Changyou posted a 21 percent rise in fourth-quarter revenue to $70.7 million and net profit rose by more than a third to $38.9 million.

Changyou makes up more than half of Sohu’s total revenue.

Sohu said current first-quarter revenue would be $123-$128 million, less than the $135.8 million in the fourth quarter and below expectations of $139.9 million, according to Thomson Reuters.

“We didn’t expect much for the first-quarter numbers because a lot of (Changyou’s) games have been delayed,” said CLSA analyst Elinor Leung. “I think the earliest new game will only be launched in the second quarter.”

The firm said non-GAAP operating expenses increased 14 percent on higher marketing costs, while revenues for advertising and wireless segments were flat.

Fourth-quarter net profit fell to $32.3 million from a record $56.6 million a year ago. On a non-GAAP basis, net income was $35.8 million on revenue of $135.8 million.

China’s advertising market remained weak last year as companies slashed advertising and marketing budgets because of the financial crisis. Analysts expect brand advertising to bounce back in 2010 driven by big ticket events such as the World Expo held in Shanghai and the Asian Games in Guangzhou.

Source : Konaxis

Baidu said that i paste Bar registered users exceeded 18 million Baidu said that i paste Bar registered users exceeded 18 million(0)

About the next development direction of i paste bar, general manager – Shu Xun said paste bar’s mission was to enable like-minded people come together, in the meanwhile Shu Xun said “concern Bar” feature would be launched very soon.

SNS product of paste bar – i paste bar has been online for 2 months. It was said that i paste bar just launched friends rating function, enhancing communication and interaction between users and introduced a virtual currency “paste bar beans”.

Google Maps launched the Spring Festival transportation maps again Google Maps launched the Spring Festival transportation maps again(0)

Google China spokesman Wang Jin-hong Tuesday said Internet could be accessed by using this service now. She said the service named “Google Maps Spring Festival transportation” was based on the company’s general map services, but added special features to meet the special needs of the users during the Spring Festival.

Google China’s official blog said that different from the past, the Spring Festival transportation maps this year provides a more complete transportation, trips and holiday shopping information. Including thousands of train ticket places in country’s 31 major cities, real-time flight status information of 160 airports, inter-provincial high-speed traffic, weather and the latest Spring Festival information. Moreover, the Spring Festival transportation maps also incorporates banning fireworks regions in six major cities-Beijing, Shanghai, Wuhan ,Chengdu, Xi’an, and Guangzhou during the Spring Festival and nearly one thousand good places to eat, drink and play.

Sources said Google China considered retaining R & D sales and mobile phone departments Sources said Google China considered retaining R & D sales and mobile phone departments(0)

Few days ago, according to foreign media reports, Internet giant Google was working with the Chinese government to discuss the preservation of Chinese R & D center, advertising sales team and mobile team, which means the lasting for two weeks “Google withdrawl from China” is going to end up in a farce. The industry insiders believed that since the beginning of the news Google might have no intention to leave Chinese market, considering from product prospect or from the company’s strategy.

In fact, the earlier published official statement on Google China blackboard, has demonstrated the subtle change in the attitude of Google. Google Vice President Liu Yun, R & D director Yang Luo said that at present, Google employees in China worked same before to discuss product development, to communicate with customers.

However, yesterday, from a number of Google’s partners in China, reporter was informed that due to withdrawl controversy, several suspended projects had not been improved. Recently, Google unilaterally suspended the fourth round of negotiation with the Association of Chinese writing and the program with China Unicom to promote new phones was also canceled.

Previously, newspaper learned from authoritative sources that, on the first day of the withdrawl from China, Google employees in China were called on meeting, and were informed of paid vacations. But since the beginning of this week, Google China office employees have returned to normal. “Google is very clear that China’s market prospects are promising, and by no means will give up this tremendous benefits. Besides Google has many products and brands supporters in Chinese market, and Google will not abandon the end-users.” a Google China staff believed.

According to Analysys International’s data, in the fourth quarter of 2009, the advertising system switch had negative effects on Baidu’s revenue growth in the quarter, causing a certain decline in market share; while Google China and the sougou continued to maintain a relatively stable growth.

Three major international music giants lost the case to Baidu Three major international music giants lost the case to Baidu(0)

Two lawsuits in 5 years, the International Recording Industry Association lost both cases. Reporter learned yesterday, the Beijing Municipal No. 1 Intermediate People’s Court announced verdict of the International Federation of Phonographic Association v. Baidu MP3 infringement case and IFPI lost once again. The court held that Baidu MP3 search was legal, and dismissed the Universal Music Group, Sony BMG (Hong Kong) and Warner Music Group’s claim against Baidu.

MP3 search is one of the most important products of Baidu, which currently in possession of more than 80% Chinese Internet search market share. In June 2005, the International Association for the first time sued Baidu for infringements, and the final court sentenced IFPI lost because of insufficient evidences. In February 2008, the International Recording Industry Association collected new evidences, again sued Baidu to court. Yesterday, the Beijing Municipal No. 1 Intermediate People’s Court announced that Baidu was providing search engine to Internet users rather than the infringing MP3 music, and this type of search was lawful, and therefore did not assume any liability.

Deputy director of the Information Network legal professional Commission of Beijing Municipal Lawyers Association, SUN Yan, told reporters that the reason why International Federation of Phonographic Association lost the case was that they did not find its true subject of infringement of Internet digital music. Infringement subjects were those who put the pirated MP3 for downloading, not Baidu.

China’s Baidu sues US firm China’s Baidu sues US firm(0)

“Today Baidu filed a lawsuit against its domain name registration service provider Register.com, Inc. in a US court in New York, seeking damages over the incident of Baidu’s service interruption last week,” the Chinese firm said.

Nasdaq-listed Baidu said its site went down for hours after the January 12 attack by a group identifying itself as the “Iranian Cyber Army”, the name used by hackers who briefly shut down the Twitter microblogging site last month.

Baidu spokesman Victor Tseng said at the time that service had been interrupted “due to external manipulation of its DNS (Domain Name Server) in the United States”.

In its statement Wednesday, Baidu said the software behind its domain name “was unlawfully and maliciously altered” as a result of the “gross negligence” of Register.com.

This led to “users from many places around the world being unable to access the Baidu website for a number of hours and causing serious damages to Baidu”.

Register.com is a leading domain registration service that manages more than 2.5 million domain names, according to the company’s website. Officials there were not available for immediate comment.

Source : Konaxis

China plays down Google dispute China plays down Google dispute(0)

A spokesman for China’s Commerce Ministry said there were many ways to resolve the Google issue, but repeated that all foreign companies, Google included, must abide by Chinese laws.

“Any decision made by Google will not affect Sino-U.S. trade and economic relations, as the two sides have many ways to communicate and negotiate with each other,” spokesman Yao Jian told a regular news briefing in Beijing.

Yet the U.S. State Department said on Friday it will ask China to explain the attacks.

“We will be issuing a formal demarche to the Chinese government in Beijing on this issue in the coming days, probably early next week,” U.S. State Department spokesman P.J. Crowley told reporters.

“It will express our concern for this incident and request information from China as to an explanation of how it happened and what they plan to do about it,” the spokesman added.

Playing down the concerns raised by Google, rival Microsoft Corp said it had no plan to pull out of China.

“I don’t understand how that helps anything. I don’t understand how that helps us, and I don’t understand how that helps China,” said Steve Ballmer, CEO of the world’s largest software maker.

Source : Konaxis

Google mulls leaving China Google mulls leaving China(0)

“This is going to be raised to another level, the U.S. government is going to get involved,” said UBS analyst Brian Pitz. “This is a bigger thing than just Google right now.”

Still, a day after the announcement, no other company had joined Google’s cause.

While abiding by local laws is a must anywhere, China’s record on human rights, and its growing status as a political and economic superpower, means companies often submit to practices they consider distasteful.

Google is uniquely positioned to go it alone, given its global stature and small business footprint in the country.

China is a tiny market for Google, at an estimated $200 million to $600 million in annual revenue versus $22 billion worldwide.

The Chinese market is difficult to navigate for many U.S. companies. But the market opportunity in the country is so vast that companies ignore it at their peril, analysts say.

Google said at least 20 major corporations in sectors such as finance, technology, media, and chemical were hit by cyberattacks that originated in China. The company suggested the strikes were more than mere isolated hacker attacks.

Google said the attacks, along with fresh moves by China to limit free speech, prompted its decision.

“I don’t think anybody is going to ride in the wake of Google, I don’t think anybody else can afford to,” said Northeast Securities analyst Ashok Kumar. “If you decide to play in China, you play by their rules.”

Source : Konaxis

Industry observes Baidu was expected lose 7 million being hacked for 11 hours Industry observes Baidu was expected lose 7 million being hacked for 11 hours(0)

Last night around 6 pm, Baidu said in a statement that most countries and regions had been restored to normal access, the largest ever hacking incident since Baidu birth, which finally gradually came to peace in 11 hours.

About how great the “hacked” impact is on Baidu, some did calculations: the total third quarter revenues of Baidu was 1.2787 billion yuan, with an average daily revenue of up to 14.2 million yuan. Because the incident appeared online in the morning peak, this network would give Baidu at least half a day or more loss, of which the figure will be in the 7 million yuan. Impact on the company’s brand, as well as the future income is more far-reaching.

It was said that Google gave up negotiation with relevant government department It was said that Google gave up negotiation with relevant government department(0)

About 100 Andriod engineers will be left, and engineers can transfer job positions according to the nature of the project.

January 12, Google Vice President of Corporate Development and Chief Legal Counsel- David Drummond, said in his blog, Google Group has decided not to censor our search results on Google.cn, so if possible, the company in the coming weeks will discuss with relevant Chinese department of on what kind of basis an unfiltered search engine can be operated within a legal framework.

Drummond said in blog, Google admitted that it could mean the company will have to close Google.cn, as well as our China office.

Google China told media later yesterday that they were proud of the current achievements, reviewing the decision of the headquarter, hoping to find a solution.

It was known that Google China held a collective video conferencing for employees. Google’s founders Sergey – Brin said at the meeting, “We have not yet made a formal decision of withdrawal, which depends on the results of discussions with the Chinese government.”

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