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| Tencent Establishes Tsinghua University Scholarships |
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May 09 2008 [EXPENDITURE] - Tencent (0700.HK) and Tsinghua University held the signing ceremony for Tencent's first university scholarship fund on May 9, reports qq.com. Under the agreement, Tencent will award Tsinghua students with a total of RMB 90,000 in scholarships each year. The scholarships will be divided into five RMB 6,000 awards for two doctoral and graduate students and 15 RMB 4,000 awards for 10 doctoral or graduate and five undergraduate candidates, said the report...
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| LCD Advertising: Focus Media (FMCN) April Update |
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JLM uses a proprietary method to track advertiser growth for Focus Media's (FMCN) outdoor LCD business. We monitor LCD screens for A and B channels and in-store/hypermarket channel, for tier 1, 2, and 3 cities. According to our research, March ad volume increased over a seasonally slow February, especially in the second-tier and third-tier cities. This report also looks at FMCN's acquisitions since its IPO and follows other trends and events in the sector. |
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| Paid Search: Baidu (BIDU) April Update |
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China’s online search engine industry is growing rapidly. The pace of both the packaging of information and the development of technology used to do so – as well as to consume that information – are accelerating. Baidu’s (BIDU) strategy for diversification and its strong sales model will help it continue to dominate the market. JLM looks closely at Baidu and examines its advantages and weaknesses in this ultra-competitive industry. |
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| WVAS: Industry Survey |
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JLM analysts have conducted a survey of key executives regarding the current market, developing trends and industry regulation in China's Wireless Value Added Services (WVAS) sector. On the whole, industry confidence is down, but the recent purge of illegal operators could create opportunities for operators in the space that have good relationships with the mobile carriers. |
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CCTV And Microsoft Open Joint Lab

ALLIANCES
Microsoft (Nasdaq: MSFT) research arm Microsoft Research Asia partnered with China Central TV's CCTV.com to establish a digital media lab in Beijing on Friday, reports hexun.com. Through the partnership,...
May 09 2008
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Rumors Raise Ping An, As Banks Bring Down A-Shares

STATISTICS
The Shanghai Composite Index dropped 1.19 percent to close at 3,613.494, while the Shenzhen Composite Index fell 0.46 percent to close at 1,097.42 on Friday. Trading volume on the Shanghai and Shenzhen...
May 09 2008
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VanceInfo Q1 Revenue Up 96% YoY

EARNINGS
Chinese offshore software developer VanceInfo Technologies Inc. (NYSE: VIT) booked net revenue of $20.5 million, up 96.5 percent year-on-year, and net income of $3.1 million, up 138.3 percent year-on-year,...
May 09 2008
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Google And Kingsoft Announce PowerWord Release 

ALLIANCES
Chinese software and online game company Kingsoft Corporation Ltd. (3888.HK) and
Google (Nasdaq: GOOG) China announced the release of free translation software "Google Kingsoft PowerWord" (Ciba) on May...
May 08 2008
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China Mobile Exceeds 12M Users Of New Pakistan Product 

STATISTICS
China Mobile (NYSE: CHL, 941.HK) parent China Mobile Communication Corporation has added 12 million users of its new Pakistan brand "ZONG", reports cnstock.com quoting company chairman and CEO Wang Jianzhou....
May 08 2008
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Google China: Our Maps Are Official 

REGULATION
Google (Nasdaq: GOOG) China receives basic geographic data from official mapping companies, and is in frequent contact with government officials regarding online mapping regulations, reports New Express...
May 08 2008
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AirMedia Q1 Income Up 288% YoY

EARNINGS
Beijing-based airport and in-flight digital screen advertiser AirMedia Group Inc. (Nasdaq: AMCN) reported first quarter results after market close on Wednesday. Total revenues increased 162.4 percent year-on-year...
May 08 2008
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ZTE To Spend RMB 100M On Handset Brand Promotion

STRATEGY
Chinese telecom equipment provider ZTE (000063.SZ, 0763.HK) plans to invest over RMB 100 million promoting its handset brand in 2008, reports China Business News. All Chinese airlines are currently carrying...
May 08 2008
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