Pacific Epoch - China News Headlines

Google Ad Manager Nears Official Chinese Version

Google (Nasdaq: GOOG) plans to release the official Chinese version of Google Ad Manager soon, reports 163.com. Three hundred thousand Chinese websites have joined Google AdSense since it was released in China three years ago. The ad alliance members record more than 2 billion aggregate page views per...

China Telecom To Issue New Mobile Numbers

China Telecom (NYSE: CHA, 728.HK) plans to release mobile numbers starting with 189- in November and complete the acquisition of China Unicom's (NYSE: CHU, 762.HK, 600050.SH) 42 million CDMA users within three months, reports cctime.com. The company plans to operate the new numbers under its "Tian Yi"...

Rumor: Former MySpace China CEO Joins Telecom Operator

MySpace China CEO Luo Chuan joined China Mobile's (NYSE: CHL, 941.HK) mobile Internet company as vice president in charge of social networking service business in early October, reports Sina quoting a source close to Luo. Luo may be promoted to company president after three months, said the insider....

Rumor: Oak Pacific's Xiaonei Building Taiwanese Home

"Xiaonei Taiwan" is currently under construction at xiaonei.com.tw. Oak Pacific Interactive's social networking service site Xiaonei.com had 53,145 users in Taiwan, Hong Kong and Macau by February 21, up by 10,000 from November, 2007. Xiaonei.com plans to integrate its virtual currency, "bean coins,"...

Kingsoft To Recruit Talent Via Development Competition

Beijing-based software and online game company Kingsoft Corporation Ltd (3888.HK) has partnered with the Internet Society of China (ISC) to jointly launch a software development competition on Wednesday, reports Sohu. Kingsoft plans to spend RMB 10 million recruiting software development talents, including...

Media Provider PPStream Reveals Users Stats, Olympic Revenue

Shanghai-based peer-to-peer streaming media provider PPStream currently has 100 million monthly active users, reports Ccw.com. PPStream took in revenue of $1 million during the Olympics while spending over $5 million, said the report quoting company president Xu Weifeng. PPStream recorded 20 million...

Google-Invested Comsenz Plugs Webgames Into BBS Software

Beijing-based online forum and community software and service provider Comsenz Inc. has integrated a game plug-in into its 700,000-user bulletin board system software Discuz!. The plug-in currently offers one game, Shanghai Chenlu Information Technology's (9way.cn) in-house developed webgame "Wu Lin...

A-Shares Boosted By Banks, Airlines

The Shanghai Composite Index rose 3.65% to close at 2,073.568, while the Shenzhen Composite Index gained 1.86% to close at 541.32 on Monday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 41.943 billion and RMB 15.69 billion, respectively. Bank shares saw the largest increases...

Print Ads See Olympic Spike In H1

Domestic revenue for advertising in periodicals rose to RMB 5 billion in first half of 2008 due to the Olympic Games, reports a.com.cn quoting China Periodicals Association president Shi Feng on October 10. Periodical advertising for the full year 2007 totaled RMB 3 billion, said Shi.

Gome Planning New Commercial Plaza

Chinese home appliance and electronics retailer Gome (493.HK) plans to open a commercial plaza in Beijing in 2009, reports Beijing Evening News quoting a related company chief. The plaza is expected to cover 560,000 square meters and include a shopping mall, restaurants and entertainment center, said...

Best Buy To Launch First Beijing Store

Best Buy (NYSE: BBY) plans to open its first Beijing store in the Scitech Plaza in November, reports Beijing Morning Post quoting a Plaza advertisement. The 480-square-meter store will be co-operated with Scitech, said a related individual. Best Buy opened its second domestic flagship near Shanghai's...

Baidu's Chief Scientist Rumored To Resign, C2C Site Goes Online

Baidu (Nasdaq: BIDU) chief scientist Dr. William I. Chang is planning to resign in protest of the company's new chief technology officer, reports baiduer.com.cn citing inside sources. Robin Li, Baidu's CEO, asked Chang to take over more technology and human resources duties before introducing Yinan Li,...

Shanghai Media Group To Shift Advertising In-House

Shanghai Media Group (SMG) plans to decrease advertising agent revenue to less than 10% of total revenue in 2009, reports China Business News quoting SMG advertising center director Jin Zhongbo. SMG is projecting 2008 ad revenue of RMB 4 billion, RMB 1.6 billion coming from agents, said the report. SMG...

Taobao Makes Executive Changes, Alisoft Seeks Distributor

Alibaba Group's consumer-focused e-commerce site Taobao.com confirmed on Friday that it has promoted chief financial officer Zhang Yong to chief operating officer, Taobao's first COO in company history, reports Sina. Zhang will retain CFO duties until a new financial officer is appointed. Zhang left...

Oak Pacific Buys New Domain

Oak Pacific Interactive has purchased domain name Kaixin.com, reports qq.com citing confirmation from an executive at Oak Pacific social networking site Xiaonei.com. The site is currently under construction, but no content information has been disclosed. Kaixin.com, meaning "happy" in Chinese, was previously...

MIIT Establishes TD-LTE Work Team

The Ministry of Industry and Information Technology has established a TD-LTE work team with China Mobile (NYSE: CHL, 941.HK) taking a secondary leadership role to realize TD-LTE deployment in 2010, reports cctime.com quoting Dr. Yang Guang from China Mobile's Institute of Research. The Ministry of Science...

Comsenz To Sell E-Commerce Software Business

Beijing-based online forum and community software and service provider Comsenz Inc. announced on Friday that it has agreed to sell its "ECShop" software business to Shanghai's e-commerce solutions provider ShopEx, reports 163.com. All of Comsenz's ECShop employees will move to ShopEx after the take over,...

SNS Site 51.com Provides Game Platform Update

Shanghai-based social networking service site 51.com plans to mobilize 60,000 to 70,000 gamers to begin external testing of its non-MMORPG game platform in mid-October, reports ChinaByte. Activation codes are scheduled for release in a few days. 51.com CEO Pang Shengdong said in August that online...

A-Shares: CSRC Rumored To Suspend IPO Applications

The Shanghai Composite Index fell 3.57% to close at 2,000.572, while the Shenzhen Composite Index sank 5.54% to close at 531.43 on Friday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 38.454 billion and RMB 15.628 billion, respectively. Shares of China United Travel (600358.SH),...

IPO Tracker: China's Beer Industry