Report

Hangzhou-based webgame company Joyport recorded revenues of RMB 250 million from its webgame Kingory (“Rexue Sanguo”) in 2009, 163.com reported May 29 citing an interview with company Vice President Chang Sheng. Chang said Kingory is unlikely to repeat the explosive growth in earnings this year and expects Joyport’s business revenues this year will come...
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Kingsoft (3888.HK) generated net income of RMB 89.74 million in the first quarter of 2009, down 26% quarter-on-quarter and 11% year-on-year, the company reported May 25. Revenues for the quarter decreased 18% sequentially and increased 4% annually to RMB 245.70 million, of which entertainment software business revenues declined 19 % sequentially and 1% annually...
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China’s telecommunications industry recorded operating revenues of RMB 284.55 billion in the first four months of 2010, up 5.7% year-on-year, the country’s Ministry of Industry and Information Technology (MIIT) Telecom Development announced on its site on May 25. Mobile communications generated revenues of RMB 193.88 billion, or 68.14% of the total revenues in the...
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NetEase (Nasdaq:NTES) recorded net income of RMB 452.26 million the first quarter of 2010, down from RMB 571.77 million in the prior quarter and up against RMB 416.72 million in the first quarter of 2009, the company reported May 19. Diluted earnings per American depository share (ADS) came to RMB 3.47. During the period,...
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Shanghai-based online game company Giant Interactive (NYSE:GA) recorded first quarter net income of RMB 185.52 million ($27.1 million), or RMB 0.79 ($0.12) per diluted share, down 20.1% year-on-year and 6.3% sequentially, the company reported May 18. Giant’s net revenues for the quarter came to RMB 304.4 million, with online game revenue accounting for 302.1...
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Internet, wireless and online game company Tencent (0700.HK) made net income of RMB 1.78 billion in the first quarter of 2009, up 72.2% over the same period in 2009 and an increase of 18.3% from the fourth quarter of 2009, the company reported May 12. Revenues increased by 14.6% sequentially and to RMB 4.23...
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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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Shenzhen-based download software provider Xunlei released an updated online game ranking based on client-end downloads from Xunlei’s site gougou.com on April 26. The top ten online games for the week ending April 25 were: 1. QQ Speed (Tencent (0700.HK)) 2. San Guo Zheng Ba (7FGame) 3. Jue Zhan (Wizgate) 4. Genghis Khan (Kylin Game)...
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Online game developer and operator Changyou.com Ltd. (Nasdaq:CYOU) saw net income increase 2% quarter-on-quarter and 19% year-on-year to $39.7 million, or $0.75 per fully diluted ADS, in the first quarter of 2010, according to its financial report released April 26. The company generated total revenues of $72.1 million, up 2% sequentially and 17% on...
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Sohu (Nasdaq:SOHU) posted net income of $41.3 million in the first quarter of 2010, including net income from the company’s non-controlling interest in online game developer and operator Changyou (Nasdaq:CYOU), Sohu announced April 26. Sohu’s net income was down 3% quarter-on-quarter and 7% year-on-year in the first quarter. Total revenues fell 5% sequentially but...
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