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Tag | investment

Ku6 Extends Loss From Chinese Online Video Biz After Dumping Wireless Services

30 August 2010

China's Ku6 Media Company Ltd., which boasts a new focus on Internet video services after dumping its poor wireless services offerings and its old name of Hurray, today announced its unaudited financial results for its second quarter ended June 30, 2010. On August 17, 2010, the company announced that it changed its name to Ku6 [...]

Shanda Completes Ku6 Deal

18 August 2010

Chinese online game firm Shanda Interactive Entertainment Limited announced that it has completed its business swap with Ku6 Media Company Limited. The companies entered into the transaction on June 1, 2010. Ku6 has now acquired 75% of an online audio business from Shanda in exchange for 415,384,615 newly issued ordinary shares of Ku6, and it [...]

MediaTek Forms 4G LTE Technology Alliance With Japanese Operator

09 August 2010

Taiwan-headquartered fabless semiconductor company MediaTek has announced that it has signed a licensing agreement with the Japanese communication giant NTT DoCoMo, regarding LTE-PF, a mobile terminal platform based on Long Term Evolution. Upon the completion of the LTE-PF licensing agreement, MediaTek plans to integrate this LTE technology with its 2G and 3G technologies to provide [...]

Chinese Firm Invests In American iPhone Game Developer

08 July 2010

Chinese online gaming firm The9 has made a strategic minority equity investment in Aurora Feint Inc., an American mobile game developer. Jun Zhu, The9's chairman and CEO, stated: "We are confident of the prospect for this mobile platform and believe it will play an important role in the future development of global mobile internet. The [...]

Taiwan's Chunghwa Telecom To Set Up Subsidiary On Chinese Mainland

15 June 2010

Shyue-Ching Lu, chairman of Chunghwa Telecom, has revealed that the company plans to set up a subsidiary on the Chinese mainland in the second half of 2010, with expected capital of TWD1 billion.
The company is reportedly undecided on the company name of the new subsidiary, but it will probably be Chunghwa Telecom China Ltd.
Due to [...]

Taiwan's HTC To Invest USD45 Million In Mainland's HTC Electronics

03 June 2010

According to reports in Taiwanese local media, the island's smartphone maker HTC has decided to inject additional capital of USD45 million in the Shanghai-based HTC Electronics for capacity expansion.
Meanwhile, HTC will invest USD19.5 million in another mainland subsidiary, HTC Communications, for sales channel expansion. This move is reportedly a preparation for the sales of China [...]

China's Ganji.com Gains USD20 Million Investment From Nokia, BlueRun

02 June 2010

Chinese lifestyle information and classifieds listings website Ganji.com has announced that it has gained joint investments of USD20 million from Nokia Growth Partners and BlueRun Ventures.
Yang Haoyong, founder and CEO of Ganji.com, told local media that the company will enhance the applications of its lifestyle information on the mobile Internet. No matter where the users [...]

China Mobile Sets Up Subsidiary In Taiwan

14 May 2010

Chinese telecom operator China Mobile has announced that its establishment of a subsidiary in Taiwan, Zong Co., has been approved and it plans to use the subsidiary to invest in the Taiwanese telecom operator, Far Eastone Telecommunications.
China Mobile reportedly applied for the establishment of this wholly-owned subsidiary in Taiwan via a special purpose company in [...]

Intel, Tencent Join Hands For New Mobile Internet Platform

14 April 2010

Intel has announced that it will cooperate with the Chinese Internet company Tencent to jointly develop the next-generation mobile Internet platform, MeeGo.
The cooperation is expected to bring a series of Tencent's featured applications to MeeGo. At the same time, the Chinese instant messaging and Internet value-added services provider will be able to expand its products [...]

Chinese Telecom Operators Come Together For World Expo Wireless Services

12 April 2010

The joint construction and sharing of Shanghai's telecom infrastructures has played an important role in the city's major projects, including the World Expo site, Hongqiao traffic hub, and Lingang new city, and the three major Chinese telecom operators claim to have realized full joint construction and sharing of mobile base stations for the 2010 Shanghai [...]

China Mobile, Far Eastone Team For TD-LTE Wireless Trials

08 April 2010

China Mobile and Taiwanese Far Eastone Telecommunications have reportedly signed a cooperation memorandum to jointly construct a TD-LTE trial network and promote the development of TD-LTE technologies.
According to reports in Taiwanese local media, executives from Far Eastone stated that the company will provide the telecom operating platform, equipment, and services to become a bridge between [...]

Hangzhou Zhongbo Sells Majority Stake To AsiaInfo

06 April 2010

AsiaInfo Holdings Inc.'s wholly-owned Chengdu subsidiary has inked a deal to buy a majority stake in a Chinese company that provides software services to the cable industry.
AsiaInfo Technologies (Chengdu) Inc. has signed a definitive agreement to acquire a majority ownership stake in Hangzhou Zhongbo Software Technology Company Limited for an undisclosed sum.
"We are excited to [...]

China's Linktone Resurrects Business With Singapore Acquisition

23 March 2010

Days after announcing a drop in mobile revenue for last year, Chinese wireless value-added services firm Linktone Ltd. has now announced a new acquisition of a Singapore company.
Linktone announced that it together with its major shareholder, PT Media Nusantara Citra Tbk, have completed the acquisition of 75% of the share capital of InnoForm Group. InnoForm [...]

China Mobile Confirms Acquisition Of 20% Stake In Shanghai Pudong Development Bank

12 March 2010

Chinese telecom operator China Mobile has finally published an official announcement, confirming that it will invest CNY39.8 billion to acquire a 20% stake in Shanghai Pudong Development Bank.
China Mobile Guangdong and SPD Bank have signed an agreement, under which China Mobile Guangdong will conditionally acquire the stake for cash consideration of CNY39.8 billion; while SPD [...]

Amoi Reports CNY697.62 Million Net Profit For 2009

03 March 2010

Xiamen-based mobile phone manufacturer Amoi Electronics Company has published its annual financial report for 2009, stating that its net profit attributable to shareholders for 2009 was CNY697.62 million.
The report stated Amoi's operating revenue was CNY306.85 million in 2009, decreased by 82% from CNY1.68 billion in 2008; while its earnings per share were CNY1.62.
The firm said [...]

China Telecom, Baosteel Group Sign Strategic Framework Agreement

01 March 2010

Chinese telecom operator China Telecom and the Shanghai-based steel manufacturer Baosteel Group have signed a strategic cooperation framework agreement for overall operation of a traditional communications business, 3G business, and the Internet of Things business.
This is reportedly the most important Internet of Things project ever for China Telecom.
China Telecom and Baosteel Group have maintained a [...]

Chinese Shanzhai Mobile Manufacturers Will Move Production To India

23 February 2010

China's "shanzhai" mobile phone manufacturers are planning to bring their production facilities to India to gain recognition of India's huge mobile phone market and obtain legal status for their products in India.
The word "shanzhai" or "shanzai", literally meaning "remote village" in Cantonese, has become a popular name for Chinese fakes and the slang now refers [...]

Sohu.com Shows Increased Total Revenue, Decreased Brand Advertising And Wireless Revenue In China

01 February 2010

Chinese online media company Sohu.com Inc.'s revenues rose 12% year-on-year in the last quarter, according [...]

New Chinese Mobile Content Rules Will Adversely Affect KongZhong's Revenue

27 January 2010

Chinese wireless value-added services firm KongZhong Corporation has issued an update on schemes within the [...]

China's 360 To Explore Mobile Phone Security Industry

22 January 2010

Chinese Internet security software provider 360 has announced plans to acquire Msafe.com.cn, a Chinese mobile [...]

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