The company said in a news conference on the same day that WOWtv site (http://cn.wowtv.com) was specifically tailored for the Chinese market. Through this site, Baidu search engine user will be able to enjoy many free of charge and legally provided M2B movies, TV series, as well as video on demand programs. All the programs on this site will have Chinese subtitles.

Binnie, M2B World Asia-Pacific CEO and President said that despite the current economic recession, they still see the opportunity to use the fast-growing online advertising market to expand its broadband services. As a result of marketing budgetary constraints, now a growing number of advertisers started to targeted online advertising.

M2B is subsidiary of AMARU which is a listed company. M2B successfully planned Singapore’s first broadband TV services in July 2006.

There are indications that Google and Microsoft are competing for the provision of advertising services transactions to Twitter. In the first quarter analyst conference call of Google, Schmidt did not disclose the details of the negotiations, but praised highly of Twitter, and expressed its wishes to reach advertising co-operation transactions with Twitter or its competitors, “Twitter proves that the innovation in Silicon Valley did not stop.”

Schmidt pointed out that the problem is how to make use of innovation for income-generating. There are many start-up companies like Twitter, they can be used to release product information, marketing information and other real-time information, and release the text ads or video ads, “I do not know about their strategies, but I think they can use this strategy. We are willing to have co-operations with Twitter and all other similar kind of companies. “

Schmidt said, Twitter’s success is: It indicates that people are willing to communicate, communication can be in many different ways.

Where: expenses on TV media was RMB 35.53 billion, RMB 25.6 billion on newspapers, 2.49 billion and 3.89 billion respectively on magazines and broadcast; 3.13 billion from Internet advertising and the rest parts were outdoor and other advertising (building video advertising) revenues. As the overall China economy is going strong constantly, China advertising market has owned a prodigious market size.

Learn more about online photo Album market in China please read iResearch China Wireless Advertising Market Research Report 2006.

Breakdown of China Advertising Market by Media Type 1987-2005
(unit: RMB 100 million)