CIO

China Mobile (NYSE:CHL, 0941.HK) recorded 5.33 million new subscribers in April, down from 5.97 million new subscribers in March, to bring its total number of customers to 544.21 million, the company reported May 20. Its 3G network users reached 8.4 million by April 30, compared with 7.69 million by the end of March. China...
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US-based social gaming company Zynga announced its entrance into Asia on May 20 with the acquisition of XPD Media, a Beijing-based social gaming company. Zynga did not disclose the terms of the acquisition. Zynga operates social games including FarmVille and Mafia Wars on Facebook, MySpace, the Apple (Nasdaq:AAPL) iPhone and other platforms, and has...
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Tencent’s (0700.HK) online portal QQ.com has obtained video broadcasting rights in mainland China to the 2010 FIFA World Cup in South Africa from China Central Television’s (CCTV) nationwide Internet TV station CNTV, qq.com reported May 6 quoting quoting CCTV General Manager Wang Wenbin. The portal will invest an equal amount in World Cup coverage...
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Baidu (Nasdaq:BIDU) revenue climbed 59.6% year-on-year in the first quarter of 2010 to $189.6 million, outpacing Street consensus and the company’s previously given estimate of 48-52% annual growth. First quarter revenue reached a new record despite the negative seasonality associated with Chinese New Year, said Baidu CEO and Chairman Robin Li. First quarter net...
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Sina (Nasdaq:SINA) has formed an independent department for the development and operation of its microblogging products, TechWeb.com.cn reported April 2, citing an internal Sina announcement. The department, to be headed by Sina Products Division General Manager Peng Shaobing, will amalgamate the company’s operations department and products department’s respective microblogging teams, the report said. Reports...
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Anonymous sources say online video site Tudou.com’s chief software architect, Zhao Liang, has joined Shanda (Nasdaq:SNDA), Sina reported April 2. Zhao is likely to head up the technical department at Shanda’s online video site Ku6.com, the report said. Previous reports said Zhao resigned from Tudou.com in March.
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SinoMedia Holding (0623.HK) has terminated its advertising agency contract with China Central Television ‘s(CCTV) online division, CCTV.com, after a year’s partnership, sohu.com reported April 1. The two companies will continue to seek new bases for cooperation, the report said. SinaMedia and CCTV.com entered into a five-year ad contract in January 2009.
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Vietnam Post and Telecommunications Group has said it will increase broadband capacity to over 100Gpbs by the end of 2010 to consolidate its position as the leading Internet service provider  in Vietnam. VDC’s network currently has a capacity of 45Gpbs, which accounts for over 70 percent of the country’s total. From 2006 to 2009,...
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The Chinese Ministry of Finance (MoF) said it expects to see fiscal revenue, the sum of the country’s locally and centrally levied taxes, administrative fees and income from state-owned assets, grow 6% year-on-year to RMB 3.81 trillion in 2010, chinanews.com.cn reported March 25. The country’s value-added tax revenue may reach RMB 1.54 trillion, up...
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Sina (Nasdaq:SINA) has already developed its own search engine that could replace Google (Nasdaq:GOOG) search on the Sina homepage, cctime.com reported Friday quoting a Sina public relations chief. Virtual community site Tianya Club is implementing a new plan to continue operating without Google’s help, the report said quoting Tianya CEO Xing Ming. Tianya Club...
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