The9 Limited has now filed a Form 12b-25 with the United States Securities and Exchange Commission for the late filing of its annual report on Form 20-F for the year ended December 31, 2008. This is just another black mark with investors and the Market in general.
As reported by China Tech News, The9 announced on [...]
UPDATE: Focus Media (Nasdaq:FMCN) spokesman Ji Hairong said today that the merger between Focus Media and Sina (Nasdaq:SINA) is not as “optimistic” as expected
In an interesting rumor circulating about the Sina/Focus deal comes from a post by JLM Pacific Epoch. On their blog this morning they quote a story out of Sina.com about an investment [...]
Beleagued Focus Media (Nasdaq:FMCN) has reported a net loss in the first quarter of 2009 of $5.69 million, compared to a loss of $804.74 million in the final quarter of 2008 and a loss of $53.61 million in the year-ago period. Net loss from continuing operations was $17.7 million, while net income from discontinued operations [...]
In news being reported in many countries and over the Chinese blogosphere today is reports that China is stepping up its war on Internet censorship by accusing Google China for allowing pornographic content to seep into the search results of Google China. China’s state-run television network CCTV critized Google’s Chinese portal for inadvertently providing pornographic [...]
There is a new cooperation between Hotels.com, one of the world’s top professional hotel chain websites and China’s eLong.com.
In a report on China Tech News, it was said that a new site will be launched and Chinese users can now visit Hotels.cn to make hotel reservations.
Hotel.cn is the joint effort of Hotels.com global and eLong.com. [...]
In what almost seems a weekly event is the launch of another social networking site. According to China Tech News, Chinese B2B e-commerce group Alibaba has announced plans to launch a newly-developed product “Ren Mai Tong” today, integrating e-commerce and the social networking service functions to provide an online community for business people.
It was reported [...]
As expected in a maturing market, a number of similar firms would merge to become a greater joint force. Now news being reported is that Chinese Internet travel company Et-china, a Guangzhou-based online travel company, announced that it has acquired the Beijing-based Yoee.com, a leading online seller of air tickets in China, for an undisclosed [...]
Just last week I posted a story about P&G opening a store on Taobao.com and this week another large Brand has moved online. China Telecom (Beijing) has announced that they too will open a store on the Internet e-commerce website Taobao.com, providing 3G terminal products such as 3G network interface cards, 3G mobile phones, and [...]
It is interesting to see how some in the Chinese Internet industry, some companies are growing revenues and others are being hit harder with the downturn in advertising. Today, Chinese Internet company Sina Corporation released their numbers for the first quarter of 2009. They stated that they have dropped 31%, forced down by a 10% [...]
In news circulation the blogosphere in China is that we have a major Global brand moving to Chinese Internet shopping website Taobao.com. The brand is none other than the world’s leading consumer products company Procter & Gamble.
For those that don’t know their history, P&G was founded in 1837 and is one the largest consumer products [...]
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