In a move to end the old search engine ranking at Baidu (which is now 8 years old) the company has started to issue notices to their clients about an impending closure of this old system.
In reports on China Tech News, a notice was issued by Baidu.com to its clients, the company will gradually close [...]
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 hitting the newswire, China’s Tencent Holdings Limited is announcing their unaudited consolidated results for the first quarter of 2009 ended March 31, 2009, and stated total revenues were CNY2.50 billion, an increase of 19.4% over the fourth quarter of 2008 and an increase of 74.8% over the first quarter of 2008.
Internet value-added [...]
In news released by PRNewswire, the Chinese Internet job recruitment website company 51job Inc. has reported its unaudited financial results for the first quarter of 2009 ended March 31, 2009, and stated total revenues decreased 24.6% year-on-year to CNY178.3 million, with both print and Internet advertising showing great declines. I am not surprised by these [...]
In what seems a stark contrast to the news yesterday from the Data Center of the Chinese Internet, we see some great results from Chinese Internet portal Sohu.com. They reported its unaudited financial results for the first quarter ended March 31, 2009, showing total revenues of USD115.7 million, up 36% year-on-year.
Dr. Charles Zhang, chairman and [...]
In what is being touted as some great news is the fact Chinese search engine Baidu.com says its Internet advertising revenue increased and the future looks bright after it announced its unaudited financial results for the first quarter ended March 31, 2009.
As noted on the Yahoo Finance site (Read Here) Baidu’s total revenues in the [...]
I was having lunch today with some folks also working in the Chinese digital marketing space and as you do we started to speculate on the winners and losers in China regards digital marketing. We debated this for some time and then moved onto the Chinese Company, Focus Media (Nasdaq: FMCN). This started with a [...]
And the Internet usage continues to grow in China. Reports out today by China Tech News state that Xi Guohua, vice minister of the Ministry of Industry and Information Technology of China, said the number of Chinese netizens increased by 16.2 million in the first quarter of 2009, reaching a total number of 316 million. [...]
Another Chinese Internet company has come out and warned about the depressed online ad market. This time, Hong Kong-listed Chinese instant messaging and mobile firm Tencent Holdings Limited warns that online advertising will take a hit as advertisers decrease their budgets in the worsening economic environment.
Tencent announced their unaudited consolidated results for the fourth quarter [...]
Chinese website operator Sina Corporation (sina.com) just announced its preliminary, unaudited financial results for the fourth quarter and fiscal year ended December 31, 2008.
It was reported in China Tech News that Charles Chao, CEO of Sina, stated: “The spillover of the global financial crisis into post-Olympic China has had a negative impact on the Chinese [...]
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