Blog - Web2Asia - China E-Commerce, Tmall Partner & Digital Marketing Agency
20. April 2009
Robin Lee, CEO of leading Chinese search engine Baidu, is currently attending the Boao Forum for Asia. He there announced that his company is planning to heavily expand its international business, hoping to generate 70% of its revenues from foreign markets by 2025 at the latest. Key markets will be the US and Japan, said Lee. The Boao Forum is an annual conference for Asia's most influential leaders in government, business & academia.
16. April 2009
The9, a Shanghai-based online game operator, is about to lose its exclusive license to operate and distribute World of Warcraft (WoW). This was indicated by a internal memo to employees by The9's President Xiaowei Chen, reports newsportal Sina. WoW, which soon became mainland China's largest online game after its launch in June 2005, will in the future be managed by Chinese portal and gaming company NetEase. The announcement led to an immediate 25% drop of The9's share price on NASDAQ. WoW...
14. April 2009
Netease reported today that China's popular SNS Kaixin001.com hopes to receive 20 Million US$ in additional funding from its second round of investment. Apart from initial investor Northern Light Venture Capital, rumor has it that Shanghai-based Qiming Ventures will join in for this round. This news is quite startling as local media expected Beijing-based Ceyuan Ventures to close the deal. Netease reports Qiming's Managing Director's reaction on the matter to be: 'No Comment'. Link to original...
13. April 2009
Kaiser Kuo over at Youku Buzz recently shared some interesting stats from an "average day" at Chinese video hoster Youku. On Saturday the 4th of April Youku had 146,803,100 video views which was up by 4.15% from the previous Saturday. Total view time amounted to 1,253,850,000 minutes — no, you’re not reading that wrong, that’s really 1.25 billion minutes. Which is almost 21 million hours, or 870 thousand days, or 2,385 years. Each video view lasted an average of 8.54 minutes, which is...
09. April 2009
We are very happy to announce the 5th edition of the CHINICT conference and Web2Asia's role as marketing partner to help promote this first class event again this year. During the high tech week in Beijing, under the patronage of the Beijing Municipality, CHINICT - the largest networking, communication and brand-positioning event in China for the world fastest-growing & leading IT corporations – will take place again in Beijing on May 21st & 22nd 2009. Attendees get a unique outlook...
07. April 2009
The following is a reprint of our recent guest post on Techcrunch. A big thank you goes out to David Li and Richard Yu, who wrote on this article together with Web2Asia's George Godula. Additionally we would like to thank Season Xu, Keso, Herock and Web2Asia's Michael Hohenwarter who also contributed to this article. Despite China's massively growing internet market, international giants like Google and Facebook are having trouble making gains with the 300 million Chinese online users. China's...
31. March 2009
Google yesterday launched a new online music service in China at http://music.google.cn. The service is free for users from Mainland China but is currently not accessible from any other country. Users can search, download or stream free licensed music and choose from a pool of over 1.1 million songs. The main revenue model is based on banner advertising and expected to grow to a business with 100 million yuan ($14.6 million) in annual revenue within the next few years. Among the 140 label...
26. March 2009
Daily Economic News today revealed that the Chinese video hosting service Pomoho silently relocated its HQ from Beijing to Hangzhou. There the company apparently will receive around 6 Million RMB (900.000 US$) in funding through a newly set up "Government Venture Capital Fund" from the Hangzhou city government. Additionally, Pomoho is expecting to raise another 10 to 20 Million US$ in foreign investments, mainly from their previous investor, an undisclosed Singaporean Venture Capital Company....
20. March 2009
Tencent, who among other services operates QQ, the most popular instant messenger in China, or Qzone China's (or maybe even the world's) largest SNS, yesterday accounced that it will soon open up for third-party applications (original Chinese news report by Sohu here). This announcement came after several other Chinese Internet companies recently opened their respective platforms. Tencents CEO Pony Ma stressed two points for applications to be allowed: innovative products and high security...