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Breaking news China (mainland) Financial results
Sohu.com Reports First Quarter 2013 Unaudited Financial Results

BEIJING, CHINA, April 29, 2013 – Sohu.com Inc. (NASDAQ: SOHU), China’s leading online media, search, gaming, community and mobile service group, today reported unaudited financial results for the first quarter ended March 31, 2013. First Quarter Highlights Total revenues were US$308 million, up 36% year-over-year and 3% quarter-over-quarter. Brand advertising revenues were US$80 million, up 32% year-over-year and down 2% quarter-over-quarter. Sogou[1] revenues were US$39 million, up 73% year-over-year and down 4% quarter-over-quarter. Online game revenues were US$167 million, up 33% year-over-year [...]
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Breaking news China (mainland) Internet Partnerships
SINA Forms Strategic Alliance with Alibaba to Enable Social Commerce

SHANGHAI, China—April 29, 2013—SINA Corporation (NASDAQ GS: SINA) (“SINA” or the “Company”), a leading online media company serving China and the global Chinese communities, announced today that it has reached an agreement on a strategic alliance between several entities affiliated with SINA, including PRC subsidiaries of Weibo Corporation (“Weibo”), and several entities affiliated with Alibaba Group (“Alibaba”), including Taobao (China) Software Co., Ltd. and Zhejiang Tmall.com Technology Co., Ltd., to jointly explore social commerce and develop innovative marketing solutions to [...]
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Breaking news China (mainland) Company announcement Finance
Focus Media Holding Limited Shareholders Vote To Approve Going Private Transaction

SHANGHAI, April 29, 2013 — Focus Media Holding Limited (the “Company” or “Focus Media”) (Nasdaq: FMCN) announced that, at an extraordinary general meeting held today, the Company’s shareholders voted in favor of the proposal to authorize and approve the previously announced definitive agreement and plan of merger, dated as of December 19, 2012 (the “merger agreement”), by and among the Company, Giovanna Parent Limited (“Parent”) and Giovanna Acquisition Limited (“Merger Sub”), pursuant to which Merger Sub will be merged with [...]
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Breaking news China (mainland) Financial results
Baidu Announces First Quarter 2013 Results

BEIJING, April 25, 2013 — Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the first quarter ended March 31, 2013[1]. First Quarter 2013 Highlights Total revenues in the first quarter of 2013 were RMB5.969 billion ($961.0 million), a 40.0% increase from the corresponding period in 2012. Operating profit in the first quarter of 2013 was RMB2.210 billion ($355.9 million), a 5.7% increase from the corresponding period in 2012. Net income [...]
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Breaking news Taiwan
GigaMedia Appoints New COO to Drive Expansion of Online Game Operations

TAIPEI, Taiwan, April 24, 2013 – GigaMedia Limited (NASDAQ: GIGM) today announced the appointment of Ronald Ho as chief operating officer of its FunTown online games business; Ronald joins the team as part of the company’s new strategic repositioning/growth initiatives focused on extending FunTown’s online game platform with self-developed casual browser/mobile games. Mr. Ho’s proven leadership and know-how bring to GigaMedia the necessary expertise to advance the company’s growth across Greater China. “Ronald is a trusted leader with a wealth [...]
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Breaking news China (mainland) Financial results Non classé
The9 Limited Reports Third and Fourth Quarter 2012 Unaudited Financial Results

Shanghai, China – April 17, 2013.The9 Limited (NASDAQ: NCTY) (“The9”), an online game developer and operator, announced its unaudited financial results for the third quarter ended September 30, 2012 and the fourth quarter ended December 31, 2012 today. Financial Highlights: - Net revenues in the second half of 2012 amounted to RMB51.0 million (US$8.2 million), representing a decrease of 51% from RMB103.4 million (US$16.6 million) in the first half of 2012 and a decrease of 7% from RMB55.1 million (US$8.8 [...]
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Breaking news China (mainland) Organization
Giant Interactive Group Inc. Announces Resignation Of Yuzhu Shi As Ceo

SHANGHAI, PRC — April 9, 2013 — Giant Interactive Group Inc. (“Giant” or “the Company”), one of China’s leading online game developers and operators,announced today that Mr. Yuzhu Shi has resigned from his office as Chief Executive Officer of the Company effective April 19, 2013. Mr. Shi will continue to serve as the Chairman of the Board of Directors of the Company and the Board will appoint a new CEO, accompanied with a formal announcement to be made on April [...]
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Breaking news Europe France Partnerships Taiwan
GigaMedia Teams Up with Atos to Strengthen Cloud Business and Accelerate Growth

TAIPEI, Taiwan, April 3, 2013 – GigaMedia Limited (NASDAQ: GIGM) announced today a strategic cooperation with global technology consultant Atos to strengthen and further develop GigaCloud, GigaMedia’s platform of cloud solutions for small-to-medium-enterprises (SMEs). Under the agreement, Atos will provide customer service solutions and back-end systems integration to GigaCloud. The two companies will also work to co-develop new services for SMEs. Based in Taipei, GigaCloud is a provider of integrated cloud solutions and services designed to help SMEs improve [...]
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