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Thursday, 14 August 2008 12:51 |
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Sina.com, China's largest web portal, is reporting a dramatic increase in profits; it achieved a net income growth of 74 percent in the second quarter of this year, 2008.
The reason to the outstanding record gain and earnings is attribute to the increase in online advertising business in China.
Sina Corp. was founded in 1997, and since then became a leading player in the field of internet properties established in China.
The company supplies a diversity of services including search and directory, region-focused online portals, interest-based and community-building channels etc.
In addition, the company provides a free and high-standard email, online games, blog services and electronic commerce.
The company expects the ad business will continue to flourish next year, as a result of the terrific brand value and the exceptional sales staff. 
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Wednesday, 30 July 2008 06:49 |
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The source of the new round of financing raised by O.D. Kobo, CEO of the Chinese Internet investment firm, Koolanoo Group is rumored to be from the Gulf region. Koolanoo Group raised a sum of $80 million dollars earlier this month from a single source in the Middle East; at the same time, some websites have been hinting that O.D. Kobo has strong ties with influential groups in the Gulf and Russia.. Although there has been no confirmation from Koolanoo behind their new backing.
Koolanoo Group, whose current Internet holdings and operations in China have recently been valued at $500 million, has already invested $27 million in China’s booming Internet industry this year alone. How Koolanoo will use the $80 million just raised is open to speculation. One theory is that the new funds will be used to expand Koolanoo’s highly successful brand, ‘360’, which has seen the recent launch of a Smart Browser, IQ, 360Mail and 360TV. Further speculation is that Koolanoo may use the funds for developing a newly acquired web games company, which it intends to re-launch later this year as ‘360games’. Koolanoo has also linked up with a leading Chinese online sales company; the Internet industry in China can expect to see some interesting developments over the coming months as stated by O.D. Kobo. 
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Sunday, 03 August 2008 11:06 |
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In a recent round of financing, Shanghai-based 51.com, one of China’s leading social networking sites, raised USD $51 million from Chinese online gaming company, Giant Interactive. The $51 million, buys Nasdaq listed Giant Interactive, a 25% stake in Five One Network Development Company Ltd, which operates 51.com. According to some reports on the Internet, Jack Ma, founder and CEO of Alibaba.com, was also involved in talks to buy into 51.com, but apparently, Giant Interactive offered a higher figure.
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Sunday, 27 July 2008 14:08 |
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Compared with figures from the same time last year, online spending in China has risen by 47.3% according to findings of a recent report compiled by the DCCI, The report states that internet users in China spent $37.5 billion in the first half of 2008. The growth in expenditure is attributed to the rise in the number of Chinese with access to the internet. The internet population, or netizens, has grown at an incredible speed. There are currently around 221 million internet users in China and figures are expected to reach 263 million by the end of the year; this will represent an increase of 25%.
Calculations for online spending that factor in exceptional spurts in growth - besides the projected growth in the number of Chinese online, have not been published. One such boost to online spending in the coming few months could be the live, online coverage of the Beijing Olympic Games. Online advertisers will be busy attracting custom throughout the Games and beyond, as there will be video on demand facilities for all events – attracting viewers back to the sites covering the games well beyond the end the August 2008. Estimates for online spending until the end of 2008 currently stand at 587 billion Yuan, but this may prove to be conservative. 
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