Solar Industry Weekly Update

Tue, 09 Feb 2010 11:36:52 GMT

Giant Nabs License for "Rage of Mages" MMO

Tue, 09 Feb 2010 10:25:17 GMT

Shanghai-based online game company Giant Interactive (NYSE:GA) has signed an agreement with Russian internet portal and online game publisher Mail.Ru Inc. to operate free-to-play MMORPG Allods Online in mainland China, Giant announced February 8. The game was developed with a budget...

Guodian Reveals Gansu, Shanxi Investment, Fires Up 300MW Project

Tue, 09 Feb 2010 10:25:05 GMT

State-owned power company China Guodian Corporation plans to invest RMB 80 billion over the next ten years in electric, thermal and coal power projects, new energy and recycling in Gansu province via a newly established subsidiary, hexun.com reports February 9 quoting a company announcement. Guodian...

Ningxia Links 40MW PV Power Stations to the Grid

Tue, 09 Feb 2010 10:20:04 GMT

Five photovoltaic power stations in China's Ningxia province with total installed capacity of 40MW and annual capacity of 720 million kWh have begun to supply power to the grid, reported solarbe.com February 1. The stations are respectively operated by China Energy Conservation Investment Corp., Ningxia...

Shanda's "AION" Trawls for New Gamers

Tue, 09 Feb 2010 10:19:46 GMT

Shanda (Nasdaq:SNDA) plans to extend a promotion for its western fantasy MMORPG AION from the end of January until February 23, according to an announcement on the game's official site on February 8. The promotion offers users who invite friends to the game a maximum of RMB 75 in their...

China Unveils Draft Stock Index Futures Reg

Tue, 09 Feb 2010 10:18:40 GMT

China Securities Regulatory Commission (CSRC) and China Financial Futures Exchange (CFFEX) released a draft stock index futures regulation on February 8. The regulations require investors to deposit a minimum of RMB 500,000 in a trading account and to have futures trading experience as well as to open...

ATA Q3 Net Income Up QoQ, Down YoY

Tue, 09 Feb 2010 10:18:38 GMT

Computer-based testing services provider ATA Inc. (Nasdaq:ATAI) booked net income of RMB 6.4 million ($0.9 million) in its fiscal third quarter of 2010, ended December 31, 2009, a 54% decrease from the year-ago period, the company said in its unaudited financial results on February 9. ATA

Greentown Sets Up Joint Project Co With RMB 5b

Tue, 09 Feb 2010 10:17:29 GMT

Hangzhou-based real estate developer Greentown China Holdings (3900.HK) has signed a framework agreement to set up a project development company with Shandong Expressway (600350.SH), Shandong Expressway announced February 9. The companies will invest RMB 5 billion in the joint venture,...

ICBC to Tighten Property Lending

Tue, 09 Feb 2010 10:12:37 GMT

The Industrial and Commercial Bank of China (ICBC) (1398.HK, 601398.SH) plans to reduce the amount of new loans it offers including to real estate projects, and pledged strictly to control loans to infrastructure projects financed by local governments, China Business News reported from the company's...

China Draws Plans to Speed Steel Industry Consolidation

Tue, 09 Feb 2010 10:11:21 GMT

The Ministry of Industry and Information Technology (MIIT) is drawing up suggestions to consolidate China's steel industry into three to five major companies to combat overcapacity, Evening News reported February 8 citing Vice Minister Miao Wei. MIIT's notice listed China's five largest steel companies...

China Sights on Gambling in Latest Online Crackdown

Tue, 09 Feb 2010 10:10:43 GMT

A number of government bodies, including the Ministry of Public Security (MPS), the People's Bank of China (PBoC) and the Ministry of Industry and Information Technology (MIIT) intend to crack down on online gambling sites between February and August this year, according to a statement on the MPS web...

Poly Starts 2010 Sales with 141% YoY Jump

Tue, 09 Feb 2010 10:10:33 GMT

Guangzhou-based Poly Real Estate Group (600048.SH) made revenues of RMB 3.34 billion in January from sales of 403, 600 square meters of property, up 141.67% and 119.67% year-on-year, respectively, the company announced February 9. The company also announced the same day it has purchased a 149,945...

Rumor: China Telecom Nears E-Reader Product

Tue, 09 Feb 2010 10:10:20 GMT

Unnamed China Telecom (NYSE:CHA, 0728.HK) employees say that the company plans to establish a mobile reading base in Zhejiang province this year and is currently in talks with Datang Telecom (600198.SH) to cooperate on an e-reader, reports cs.com.cn February 9. China Mobile (NYSE:CHL,...

Shanghai Shimao '09 Profits Leap 400% YoY

Tue, 09 Feb 2010 10:05:40 GMT
Shimao Property (0813.HK) subsidiary Shanghai Shimao (600823.SH) made RMB 206.01 million in net profit in 2009, up 394.28% on an annual basis, according to a February 9 company announcement. The company made contract sales of 210,000 square meters for RMB 3.3 billion in the year, generating...

COLI January Sales Up 240% YoY

Tue, 09 Feb 2010 10:04:18 GMT
China Overseas Land & Investment (0688.HK) (COLI) made HK$4.1 billion from gross floor area (GFA) sales of 324,700 square meters in January 2010, up 241.4% and 103.7% year-on-year, respectively, the company announced February 9. During the month, COLI acquired seven new projects with a total GFA...

Dacheng Releases New "Loong" Content

Tue, 09 Feb 2010 10:03:22 GMT
Shanghai-based online game company Dacheng Network released a Chinese New Year version of its in-house developed 3D MMORPG Loong on February 9, 17173.com reports. The new version will add a character, tasks, and will allow gamers to buy experience points with game coins, the report said. Dacheng...

Ledian Tianwei JV Begins Trial Poly Production

Tue, 09 Feb 2010 10:02:52 GMT
A polysilicon project operated by Leshan Ledian Tianwei Silicon Science and Technology, a joint venture between Hebei-based power transformer and solar cell manufacturer Baoding Tianwei Baobian Electric Co. Ltd. (600550.SH) and Leshan Electric Power (600644.SH), began trial production on...

Greenland Buys RMB 1.2b Wuxi Plot

Tue, 09 Feb 2010 10:01:56 GMT
Shanghai real estate developer Shanghai Greenland Group has purchased a 258,900-square-meter mixed use land parcel for RMB 1.21 billion in Wuxi, Jiangsu province, according to an announcement by the Wuxi Municipal Land and Resources Bureau February 8.

A-Shares Flat, Heavy Industries Sinks on Debut

Tue, 09 Feb 2010 10:00:52 GMT
The Shanghai Composite Index inched up 0.47% to close at 2,948.84, while the Shenzhen Composite Index edged up 0.11% to end at 1,100.41 on February 9. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 68.11 billion and RMB 46.76 billion, respectively. Shares of machinery maker China...

H-Shares Rebound; Oil and Real Estate Lead

Tue, 09 Feb 2010 10:00:04 GMT
The Hang Seng Index increased 1.22% to close at 19,790.28 on Wednesday, February 9, in main board trading volume of HK$61.65 billion. Oil shares followed a rebound in oil futures prices, Sina reports. Shares of PetroChina (0857.HK, NYSE:PTR, 601857.SH) increased 2.42%, China National Offshore Oil...

Everbright Bank Raises Rates for First-Home Loans

Tue, 09 Feb 2010 09:59:01 GMT
China Everbright Bank (0165.HK) plans to raise interest rates on mortgages offered to prospective first-home buyers, guandian.cn reported February 9 citing unnamed media. Everbright will extend loans to first-home buyers who make a 40% down payment at an interest rate equivalent to 75% of the...

NetDragon Opens "Zero" Expansion

Tue, 09 Feb 2010 09:57:02 GMT
Fuzhou-based online game company NetDragon (0777.HK) released "Xingji Jiandui" (roughly " Interstellar Fleet"), an expansion for its in-house developed 2.5D MMORPG Zero Online, on February 7, 17173.com reported. The company will offer gamers virtual item gift packages, including packages...

DMEGC Magnetics Signs 400MW Silicon Project

Tue, 09 Feb 2010 09:55:23 GMT
Hengdian Group DMEGC Magnetics (002056.SZ) has signed an agreement with the government of Jixian, Henan Province, for an RMB 1.5 billion, 400MW monocrystalline silicon project, solarbe.com reported February 4. DMEGC Magnetics said

Forte Land Builds Up Jan Sales 600%

Tue, 09 Feb 2010 09:17:31 GMT
Shanghai Forte Land (02337.HK) recorded sales of RMB 369 million on an area of 41,228 square meters in January, a nearly 600% increase from sales of 6,991 square meters for RMB 53 million in the same period last year, the company announced February 8. The three projects generating the most sales...

Metals Update - February 8, 2010

Mon, 08 Feb 2010 16:38:22 GMT

NetEase Submits "WoW" to GAPP, Halts New Registration

Mon, 08 Feb 2010 10:39:58 GMT
NetEase (Nasdaq:NTES) will temporarily suspend new gamer registration for its licensed 3D MMORPG World of Warcraft (WoW) between February 8 and February 14, and will submit an application to the General Administration of Press and Publications (GAPP) soon for the game's first expansion,...

Ministry to Sponsor Massive PV Base in LDK Hometown

Mon, 08 Feb 2010 10:22:21 GMT
China's Ministry of Science and Technology recently announced that it plans to build up Xinyu, Jiangxi province, as a national demonstration city for new energy technology, China Energy News reported February 8. Over the next three years, Xinyu intends to construct the world's largest photovoltaic industry...

Rumor: CSRC Severs Real Estate From Stock Market Funds

Mon, 08 Feb 2010 10:20:27 GMT
Rumors say that the China Securities Regulatory Commission (CSRC) has suspended its approval of applications by real estate or real estate related companies to raise funds on the stock market, guandian.cn reported February 7 quoting unnamed media sources. No real estate companies are included among...

MOFCOM Plans Expanded "Old-for-New" Coverage

Mon, 08 Feb 2010 10:18:13 GMT
China's State Council has ordered the "old-for-new" subsidy program to be expanded from nine trial cities to include selected provinces this year, ccidnet.com reported February 8 citing Vice Minister of Commerce Jiang Zengwei.

Listed Gaming Cos Set Up Parental Supervision System

Mon, 08 Feb 2010 10:16:46 GMT
An unnamed official from the Ministry of Culture says that six of China's listed online game companies have initiated a parental supervision system that allows parents or guardians to impose restrictions on or suspend children's game accounts, reported Beijing News quoting unnamed Ministry of Culture...

Samsung: 2010 China Procurement to Top $35b

Mon, 08 Feb 2010 10:15:53 GMT
Samsung Electronics (5930.SEO) has plans to spend $35.1 billion in procurement in China in 2010, Sohu reported February 8 citing a company announcement. Samsung purchased $27.1 billion in products from a total of 4,314 suppliers in China last year, according to the report.

Rumor: Sina Considering Kylin Game Investment

Mon, 08 Feb 2010 10:14:15 GMT
Kylin Game is in talks to receive an investment from Sina (Nasdaq:SINA), Kylin Game CEO Shang Jin said at an annual executive meeting last week, qq.com reported February 6 quoting an unnamed Kylin Game employee. The unnamed employee said that Beijing-based Kylin Game is in talks with other...

Vanke Announces January Sales

Mon, 08 Feb 2010 10:13:55 GMT
Shenzhen-based real estate developer Vanke (000002.SZ, 200002.SZ) posted revenues of RMB 6.26 billion in January, up 185.9% year-on-year, from the sale of 523,000 square meters of property, a 83.3% year-on-year increase, the company announced on February 5. Vanke recorded revenue of RMB 63.42...

Ctrip Target Wing On Reports '09 Earnings

Mon, 08 Feb 2010 10:13:16 GMT
Wing On Travel (1189.HK), a Hong Kong-based travel services company recently acquired by Ctrip.com International (Nasdaq:CTRP), reported a loss attributable to owners of the company of HK$357.8 million in 2009, or HK$0.73 loss per share, compared to a loss of HK$688.9 million or HK$2.32...

Tencent Readies "QQ Speed" New Year Expansion

Mon, 08 Feb 2010 10:12:46 GMT
Tencent (0700.HK) plans to release a new expansion, "True Hero vs. Enemy of the Nation," for its in-house developed Q-style 3D online car racing game QQ Speed in the second week of February, 17173.com reported February 7. The company will add new play modes, circuits, cars, pets and music in the...

China Mobile Targets 180,000 TD Base Stations in 2010

Mon, 08 Feb 2010 10:11:48 GMT
China Mobile (NYSE:CHL, 0941.HK) plans to build over 80,000 TD-SCDMA base stations in 2010, to cover all Chinese regions and developed eastern China counties, report c114.net citing China Mobile Vice President Li Yue. China Mobile currently has 100,000 base stations, Li said. China Mobile...

Kingsoft Talks R&D Workshops, 2010 Releases

Mon, 08 Feb 2010 10:11:20 GMT
Kingsoft (3888.HK) has at least nine online game R&D workshops, seven of which are wholly owned, and has invested in a workshop in Shanghai and one in Beijing, reported Sina February 8. Kingsoft plans to release webgame Shen Dao Xing Ba Ke and another 3D martial arts MMORPG in 2010, said...

Baidu Releases New Version of "Baidu Palm"

Mon, 08 Feb 2010 10:09:00 GMT
Baidu (Nasdaq:BIDU) launched a new version of its mobile software "Baidu Palm" (Zhang Shang Baidu), qq.com reported February 8. The new version will add news and search ranking functions to the product, as well as tying in Baidu's internet directory service "hao123," the report said. Baidu...

"Happy Taobao" Begins Recruiting Sellers

Mon, 08 Feb 2010 10:04:57 GMT
Alibaba's consumer-focused e-commerce site Taobao.com and Golden Eagle Broadcasting subsidiary Hunan Satellite TV have begun to recruit sellers for "Happy Taobao," a subchannel on the Taobao site, Taobao.com announced February 8. Taobao and Hunan Satellite TV

Rumor: BoC, CITIC Bank Plan RMB 49b Sub Bond Sale

Mon, 08 Feb 2010 10:03:05 GMT
An unnamed source said Bank of China (BoC) (3988.HK, 601988.SH) may issue RMB 24 billion in 15-year subordinated bonds by the end of February, Shanghai Morning Post reported February 8 citing Xinhua Finance. According to the report, China CITIC Bank (0998.HK, 601998.SH) may also raise RMB...

Current Account Balance Declines 35% in '09

Mon, 08 Feb 2010 10:01:35 GMT
China's current account balance declined 35% year-on-year to a total of $284.1 billion in 2009, according to figures released by the State Administration of Foreign Exchange. China recorded a goods trade surplus of $249.3 billion in 2009 and a deficit of $28.7 billion on the trade in services, according...

China Markets Mixed in Light Trade

Mon, 08 Feb 2010 10:00:08 GMT
The Shanghai Composite Index inched down 0.14% to close at 2,935.17, while the Shenzhen Composite Index edged up 0.19% to end at 1,099.15 on February 8. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 73.16 billion and RMB 53.14 billion, respectively. Real estate stocks performed...

H-Shares Down, Dragged by Materials Losses

Mon, 08 Feb 2010 10:00:06 GMT
The Hang Seng Index declined 0.58% to close at 19,550.89 on Wednesday, February 8, in main board trading volume of HK$59.63 billion. Shares of oil and raw materials stocks fell on Monday. PetroChina (0857.HK, NYSE:PTR, 601857.SH) dropped 1.79%, China Petroleum & Chemical Corporation (Sinopec) (600028.SH....

Update: Hanwang Sets IPO Price

Mon, 08 Feb 2010 09:54:42 GMT
Beijing-based office electronics and e-book manufacturer Hanwang Technology has set a price per share of RMB 41.9 for its planned domestic initial public offering on February 9, and expects to make net proceeds from the issue of RMB 1.07 billion, the company announced February 8. Hanwang Technology...

Rumor: Tianya Club, Giant in "Golden Land" Co-Ops

Mon, 08 Feb 2010 09:53:11 GMT
Unnamed source revealed that virtual community site Tianya Club and Shanghai-based online game company Giant Interactive (NYSE:GA) will co-operate Giant's first webgame, The Golden Land by the end of February, DoNews reported February 5. According to the report, Tianya Club will be the...

Baidu Union Releases Floating Window Ads

Mon, 08 Feb 2010 09:45:33 GMT
Baidu's (Nasdaq:BIDU) advertising alliance Baidu Union released a new "floating window" advertising mode on February 8, reported qq.com. Baidu Union partners can customize the window's format and position, the report said. Baidu Map is offering a Spring Festival "travel toolbar" that displays...

Baidu (BIDU) Weekly - February 8, 2010

Mon, 08 Feb 2010 09:34:08 GMT

Huatai Securities Aims for RMB 17b IPO

Mon, 08 Feb 2010 09:19:07 GMT
Huatai Securities announced plans to issue up to 784.56 million shares at a price of between RMB 20 to RMB 22 per share in an initial public offering on the Shanghai Stock Exchange, the company announced February 8. Huatai Securities will open online subscriptions for 549.19 million shares on February...

Rumor: Vancl to List Abroad by Year-End

Mon, 08 Feb 2010 09:12:25 GMT
Online clothing retailer Vancl has begun preparations for an overseas initial public offering by the end of this year, and may target the Nasdaq bourse, DoNews reported February 5 citing unnamed investment industry sources. Vancl co-founder Lei Jun declined to comment on the rumor, according to the report. Vancl...

Report: CCTV New Year Gala Ad Rev to Top RMB 650m

Mon, 08 Feb 2010 08:04:14 GMT
China Central Television (CCTV) may generate more than RMB 650 million in advertising revenues during its 2010 Spring Festival Gala, gzdaily.dayoo.com reported February 8 citing calculations based on a CCTV rate card. CCTV's rates for commercials before and after the Gala program have risen 30% year-on-year,...

Tianxi Network Licenses New Korean RPG

Mon, 08 Feb 2010 06:00:41 GMT
Tianxi Network, a joint venture between Shanghai's T2CN and Korea's CJ Internet, plans to license a new 2.8D Q-style role playing game Go Nostale Online from Korean company Entwell, reported 17173.com February 8. Tianxi Network began open beta testing of its licensed fantasy MMORPG Ys Online...

The China Report: Weekly Edition - February 5, 2010

Fri, 05 Feb 2010 12:10:00 GMT

The China Report: Agricultural Commodities Update - February 5, 2010

Fri, 05 Feb 2010 11:42:07 GMT

Amid Pricing Talks, Rio Tinto Names China Director

Fri, 05 Feb 2010 11:10:13 GMT
Australian steel giant Rio Tinto (NYSE:RTP, LON:RIO) has appointed Ian Bauert to the newly created position of China managing director, effective immediately, the company announced February 5. Bauert will be based in Shanghai and lead a team of 160 employees in Beijing, Shanghai and Guangzhou,...

Trina Signs Another 40MW to Germany

Fri, 05 Feb 2010 11:02:50 GMT
Trina Solar (NYSE:TSL) has signed an agreement to deliver 40MW of photovoltaic modules to Germany's AE Photonics in 2010, Trina announced February 4. Under the terms of the agreement, Trina will deliver 20MW in the first half of 2010 with agreed prices for the first quarter, and initial shipments...

Tencent to Release Kid Community in Q2

Fri, 05 Feb 2010 10:30:48 GMT
Tencent (0700.HK) is currently developing a kid-focused webgame community that is scheduled for release in the second quarter of 2010, reports Sina quoting Tencent Game Business President Ren Yuxin on February 5. Ren did not comment on whether the community would be similar to other products on...

MoF: Fiscal Spending Exceeds Revs by RMB 740b

Fri, 05 Feb 2010 10:20:20 GMT
China recorded fiscal revenue of RMB 6.85 trillion in 2009, according to initial estimates, an increase of RMB 714.7 billion or 11.7% year-on-year, said statistics released by the Ministry of Finance on February 5. Tax revenue made up RMB 5.95 trillion of the 2009 total, up 9.8% year-on-year, while non-tax...

Bank of Beijing to Take ING Capital Stake

Fri, 05 Feb 2010 10:18:56 GMT
Bank of Beijing (601169.SH) has received approval from the China Banking Regulatory Commission and the China Insurance Regulatory Commission to acquire 50% stake, or 450 million shares, in Dalian-based ING Capital Life Insurance for RMB 681.8 billion from Capital Group. Bank of Beijing said...

Online Games Weekly - February 5, 2010

Fri, 05 Feb 2010 10:12:34 GMT

Vanke Gains Fuzhou Parcel for RMB 1.66b

Fri, 05 Feb 2010 10:10:45 GMT
Shenzhen-based real estate developer Vanke (000002.SZ, 200002.SZ) bought a 93,359-square-meter land parcel in Fuzhou, Fujian province on February 4 for RMB 1.67 billion, an average floor price of RMB 8,665 per square meter, reports Guandian. The land started bidding at RMB 1.61 billion, with a...

Angang Steel: '09 Net Profit at RMB 3.1b

Fri, 05 Feb 2010 10:10:39 GMT
Angang Steel Company Limited (0347.HK, 000898.SZ) recorded revenue of RMB 80 billion and net profit of RMB 3.1 billion in 2009, China Business News reported February 4. Angang produced 20 million metric tons (MT) each of iron and steel in 2009, with pig iron output of 19 million MT in the same...

Rumor: Shanda to Enter E-Book Market

Fri, 05 Feb 2010 10:05:19 GMT
Shanda (Nasdaq:SNDA) has established a new subsidiary, Guoke (meaning "fruit peel") Electronics, and plans to enter the e-book market soon with the release of a "Bambook" product, reports Sina citing an unnamed blog. Shanda declined to comment on the rumor, the report said. Shanda plans to...

E-Book Maker Hanwang Approved for Shenzhen IPO

Fri, 05 Feb 2010 10:04:15 GMT
Beijing-based office electronics and e-book manufacturer Hanwang Technology has obtained approval from the China Securities Regulatory Commission to issue 27 million shares in an initial public offering on the Shenzhen Stock Exchange, the company announced February 5. Hanwang will begin online and offline...

Hong Kong's Hang Seng Tumbles Below 20,000

Fri, 05 Feb 2010 10:00:15 GMT
The Hang Seng Index declined 3.33% to close at 19,665.08 on Friday, February 5, as main board trading volume ratcheted up to HK$77.47 billion. Oil shares fell heavily with declining international prices, with PetroChina (0857.HK, NYSE:PTR, 601857.SH) dropping 5.83%, Shanghai Petrochemical (0338.HK,...

Foreign Markets Weigh A-Shares to Week's Biggest Drop

Fri, 05 Feb 2010 10:00:10 GMT
The Shanghai Composite Index fell 1.87% to close at 2,939.40 on Friday, February 5, while the Shenzhen Composite Index gave up 2.02% to close at 1,097.12. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 110.8 billion and RMB 82.48 billion, respectively. Falling overseas markets...

Greentown's Jan Sales Revenue Jumps 7-Fold

Fri, 05 Feb 2010 09:46:27 GMT
Hangzhou-based real estate developer Greentown China Holdings (3900.HK) recorded contract sales of approximately RMB 2.41 billion on the sale of 138,000 square meters, up 745% and 334% year-on-year, respectively, in January 2010, according to a company announcement. Greentown purchased a 34,923...

China Expands Rural Appliances Subsidy Program

Fri, 05 Feb 2010 09:22:49 GMT
China approved 178 companies on February 4 to participate in its "appliances to the countryside" subsidy program, in addition to the existing 353 participants, Beijing Morning Post reported citing bidding results. Products from the 178 companies will begin hitting shelves this month, said the report....

Xunlei to Release Paid Service for Copyright Content

Fri, 05 Feb 2010 07:14:49 GMT
Shenzhen-based download software provider Xunlei plans to release a paid downloading service for high-definition copyrighted video around the end of February, and will stop allowing users to upload videos at the same time, qq.com reported February 5 quoting Xunlei COO Luo Weimin. Xunlei plans to...

Petrochemical Output Projected to Grow 15% in 2010

Fri, 05 Feb 2010 05:28:26 GMT
The total output of China's petroleum and petrochemical industry is expected to grow by 13-15% year-on-year in 2010, while the industry's added value may increase by around 12%, according to estimates announced by the China Petrol and Chemical Industry Association (CPCIA) at a January 28 news conference....

Citigroup Continues Expansion From East Coast

Fri, 05 Feb 2010 03:24:51 GMT
Citigroup (NYSE:C) has received regulatory approval for a new branch in Guiyang, Guizhou province, expanding its growing network in China to 10 cities, Chief Executive Vikram Pandit stated to China Daily on February 4. The branch follows the establishment of two lending companies in Hubei and...

Actions Semi Misses on Revs, Deeper in the Red in Q4

Fri, 05 Feb 2010 02:38:38 GMT
Fabless semiconductor company Actions Semiconductor (Nasdaq:ACTS) reported net loss attributable to shareholders of $1.1 million, or ($0.02) per ADS, in the fourth quarter of 2009, the company announced February 3. Actions Semiconductors reported a net loss of $0.6 million in the previous quarter...

Retail: Q4 09 Department Store Update - February 4, 2010

Thu, 04 Feb 2010 13:20:15 GMT

Real Estate: A Note on Vacancy Rates - February 4, 2010

Thu, 04 Feb 2010 11:42:12 GMT

Real Estate Weekly Data Update - February 4, 2010

Thu, 04 Feb 2010 11:37:51 GMT

Shanda Announces New "Mir 2" Version

Thu, 04 Feb 2010 11:00:20 GMT
Shanda (Nasdaq:SNDA) plans to start initial testing of "Chuanqi Xuzhang" (roughly, "Mir's Next Chapter"), an updated version of its licensed MMORPG Legend of Mir 2 on February 12, in one server farm that Shanda will open that day, said the game's official site. The version will update...

Rumor: Ministry May Increase BoCom Stake

Thu, 04 Feb 2010 10:59:59 GMT
An unnamed source says that China's Ministry of Finance (MoF) is considering injecting capital into the Bank of Communications (BoCom) (3328.HK, 601328.SH), probably using directional share placements, China Business News reported February 4. The sum of the injection has not been decided yet,...

Changyou Unveils "TLBB 2" Expansion

Thu, 04 Feb 2010 10:50:34 GMT
Sohu's (Nasdaq:SOHU) online gaming subsidiary Changyou.com (Nasdaq:CYOU) plans to release "Tian Long Ba Bu 2," an expansion pack for its in-house developed 2.5D martial arts MMORPG Tian Long Ba Bu, in 2010, 17173.com reports citing a February 4 company announcement. Changyou is...

Steel Cos Push for Long-Term Contracts

Thu, 04 Feb 2010 10:40:10 GMT
The Chinese steel industry is aiming to maintain long-term pricing arrangements in its talks with Australia's BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RTP, LON:RIO) and Brazil's Vale (NYSE:VALE), but will not rule out the possibility of signing six-month contracts given...

Lenovo Widens Profit to $80m in Fiscal Q3

Thu, 04 Feb 2010 10:31:35 GMT
Lenovo (0992.HK) recorded net profit of $79.52 million in the three-month period ended December 31, 2009, compared with a loss of $96.72 million in the same period one year ago, the company announced February 4. Lenovo generated sales of $4.78 billion in the quarter, up from $3.59 billion a year...

The9 CEO Confirms $100m Offer to Acquire FireRain

Thu, 04 Feb 2010 10:30:53 GMT
The9 (Nasdaq:NCTY) CEO Zhu Jun said February 3 that The9 has made an offer of $100 million to buy Hangzhou-based online game research and development company FireRain and is still waiting for a final answer, 21cbh.com reports February 4. FireRain is in final talks with The9 and Perfect World...

Poly Real Estate: 60% Increase in '09 Profit

Thu, 04 Feb 2010 10:20:39 GMT
Guangzhou-based Poly Real Estate Group (600048.SH) booked net profit of RMB 3.52 billion and revenue of RMB 22.99 billion in 2009, up 57.19% and 48.11% year-on-year, respectively, the company announced February 4. By the end of 2009, the company had 12.23 million square meters under construction...

MIIT: 2009 Software Industry Revenues at RMB 950b

Thu, 04 Feb 2010 10:15:21 GMT
China's software industry revenues grew 25.6% year-on-year to RMB 951.3 billion in 2009, according to statistics released by the Ministry of Industry and Information Technology (MIIT) on February 3. In the month of December, the industry brought in RMB 81.2 billion in revenue, up 50% year-on-year. Sales...

Former Perfect World Exec Sets Up Game Co

Thu, 04 Feb 2010 10:02:54 GMT
Zeng Ge, the former CEO of Perfect World (Nasdaq: PWRD) literature site subsidiary Zongheng.com and head of Perfect World's 3D MMORPG Zhu Xian project, submitted a letter of resignation to Perfect World Chairman and CEO Michael Chi in late 2009 that was approved in early January, reports...

Five Minutes Releases Sequel for "Happy Farm" Hit

Thu, 04 Feb 2010 10:01:36 GMT
An unnamed industry source says that Shanghai-based social game developer and operator Five Minutes released a new version, "Kaixin Nongchang 2," of its social game "Kaixin Nongchang" ("Happy Farm"), on Facebook on February 3, 163.com reported. Five Minutes Chief Operating Officer Xu Cheng previously...

A-Shares Mixed, Banks and Petroleum Weigh

Thu, 04 Feb 2010 10:00:23 GMT
The Shanghai Composite Index declined 0.28% to close at 2,995.31, while the Shenzhen Composite Index increased 0.28% to close at 1,119.77 on February 4. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 114.6 billion and RMB 80.9 billion, respectively. Large-cap bank stocks declined...

Hong Kong Ends 3-Day Run, Index Down 1.8%

Thu, 04 Feb 2010 10:00:05 GMT
The Hang Seng Index declined 1.84% to close at 20,341.64 on Thursday, February 4, in main board trading volume of HK$60.99 billion. Beijing Capital International Airport (0694.HK) announced Wednesday that it had issued bonds valued at RMB 4.9 billion, and intends to use the capital to repay debts...

MIIT: 70% of China Phone Users Are Mobile

Thu, 04 Feb 2010 09:50:38 GMT
Mobile phone users account for 70.4% of all of China's telephone users in 2009, and the comprehensive price index for the telecom industry dropped by 9% year-on-year, according to data released by the Ministry of Industry and Information Technology (MIIT) on February 3. Telecom industry revenue grew...

Alibaba.com (1688.HK) Monthly Update - February 4, 2010

Thu, 04 Feb 2010 09:39:53 GMT

Microsoft's China Outsourcing Totals $142m

Thu, 04 Feb 2010 09:39:32 GMT
Microsoft's (Nasdaq:MSFT) outsourcing projects in China totaled $142 million in fiscal 2009, DoNews reported February 3 citing Microsoft Greater China CEO and President Liang Nianjian. Liang reiterated the company's previously announced plan to spend $ 1 billion on research and development in...

BoC, Other Banks Tighten Property Loans

Wed, 03 Feb 2010 11:11:08 GMT
Some commercial banks are suspending loans to real estate developers, due to excess lending in 2009 and greater regulatory focus on real estate risk, China Business News reports February 3 quoting an unnamed commercial bank employee. Bank of China (BoC) (3988.HK, 601988.SH) stated last week...

Ctrip Beats on Q4 Revs, Guides Q1 at $77m

Wed, 03 Feb 2010 10:57:45 GMT
Online travel services provider Ctrip.com International (Nasdaq:CTRP) saw fourth quarter net income attributable to shareholders rise 57% year-on-year and 1% sequentially to RMB 190 million ($28 million) in the fourth quarter, while gross margin was consistent on an annual basis at 77%, the company...

Tencent Slates New "QQ Dancer" Version

Wed, 03 Feb 2010 10:20:57 GMT
Tencent (0700.HK) plans to release a new version, "Quancheng Relian," ("Hot Summer Days") of its 3D casual game QQ Dancer on February 4, according to the game's official site. The version will add a new garden system, pets and functions. QQ Dancer released its latest version,...

Youku, Tudou Share Video Copyrights

Wed, 03 Feb 2010 10:20:52 GMT
Online video sites Tudou.com and Youku.com have partnered to share copyrights and jointly broadcast video content, reports DoNews quoting a February 3 announcement. The companies announced an online video "joint broadcasting mode" the same day. The sites plan to exchange exclusively copyrighted content...

Ping An '09 Banking Assets Over RMB 200b

Wed, 03 Feb 2010 10:18:47 GMT
Ping An Insurance (Group)'s (2318.HK, 601318.SH) banking business recorded total assets of over RMB 200 billion and issued a total of 3 million credit cards in 2009, reports Caijing.com.cn February 3. Circulation of new debit cards in the second half of 2009 increased 58% from the first...

Baidu Post Bar Reaches 20m Daily Users

Wed, 03 Feb 2010 10:17:20 GMT
Baidu's (Nasdaq:BIDU) online forum channel, "Baidu Post Bar," has reached 250 million daily page views and more than 20 million daily active users, 163.com reported February 3 citing Baidu data from January 3. Baidu has recorded more than 18 million registered users for its personal information...

H1N1 Weekly Update: Cases Continue to Fall

Wed, 03 Feb 2010 10:02:55 GMT
China reported 620 cases of H1N1 swine flu during the week ending January 31, with 13 fatalities between January 25 and January 31, according to the weekly update posted on the Ministry of Health's (MoH) website. The ratio of H1N1 swine flu to normal flu cases in the week fell to 19.9% from 26.8% the...

A-Shares Snap Back, Shanghai Tops 3,000

Wed, 03 Feb 2010 10:00:59 GMT
The Shanghai Composite Index rebounded 2.36% to close at 3,003.84, while the Shenzhen Composite Index increased 1.85% to close at 1,116.60 on February 3. Trading volume on the Shanghai and Shenzhen Stock Exchanges picked up to RMB 119.04 billion and RMB 79.66 billion, respectively. Banks rebounded...

CNOOC: Higher Production, Exploration in '10

Wed, 03 Feb 2010 10:00:15 GMT
China National Offshore Oil Corp. (CNOOC) (NYSE:CEO, 0883.HK) targets total net production in 2010 of 275 million to 290 million barrels of oil equivalent (BOE) (based on an estimated West Texas Intermediate crude price of US$75.0/barrel), on top of 2009 net production estimates of 226...

H-Shares Up 2%, CNOOC Gain Near 10% on '10 Outlook

Wed, 03 Feb 2010 10:00:08 GMT
The Hang Seng Index rose 2.22% to close at 20,722.08 on Wednesday, February 3, in main board trading volume of HK$68.64 billion. Shares of China National Offshore Oil Corp. (CNOOC) (0883.HK, NYSE:CEO) soared 9.41% on Wednesday, after the company announced plans for

JLM Pacific Epoch

Solar Industry Weekly Update

Giant Nabs License for "Rage of Mages" MMO

Guodian Reveals Gansu, Shanxi Investment, Fires Up 300MW Project

Ningxia Links 40MW PV Power Stations to the Grid

Shanda's "AION" Trawls for New Gamers

China Unveils Draft Stock Index Futures Reg

ATA Q3 Net Income Up QoQ, Down YoY

Greentown Sets Up Joint Project Co With RMB 5b

ICBC to Tighten Property Lending

China Draws Plans to Speed Steel Industry Consolidation

China Sights on Gambling in Latest Online Crackdown

Poly Starts 2010 Sales with 141% YoY Jump

Rumor: China Telecom Nears E-Reader Product

Shanghai Shimao '09 Profits Leap 400% YoY

COLI January Sales Up 240% YoY

Dacheng Releases New "Loong" Content

Ledian Tianwei JV Begins Trial Poly Production

Greenland Buys RMB 1.2b Wuxi Plot

A-Shares Flat, Heavy Industries Sinks on Debut

H-Shares Rebound; Oil and Real Estate Lead

Everbright Bank Raises Rates for First-Home Loans

NetDragon Opens "Zero" Expansion

DMEGC Magnetics Signs 400MW Silicon Project

Forte Land Builds Up Jan Sales 600%

Metals Update - February 8, 2010

NetEase Submits "WoW" to GAPP, Halts New Registration

Ministry to Sponsor Massive PV Base in LDK Hometown

Rumor: CSRC Severs Real Estate From Stock Market Funds

MOFCOM Plans Expanded "Old-for-New" Coverage

Listed Gaming Cos Set Up Parental Supervision System

Samsung: 2010 China Procurement to Top $35b

Rumor: Sina Considering Kylin Game Investment

Vanke Announces January Sales

Ctrip Target Wing On Reports '09 Earnings

Tencent Readies "QQ Speed" New Year Expansion

China Mobile Targets 180,000 TD Base Stations in 2010

Kingsoft Talks R&D Workshops, 2010 Releases

Baidu Releases New Version of "Baidu Palm"

"Happy Taobao" Begins Recruiting Sellers

Rumor: BoC, CITIC Bank Plan RMB 49b Sub Bond Sale

Current Account Balance Declines 35% in '09

China Markets Mixed in Light Trade

H-Shares Down, Dragged by Materials Losses

Update: Hanwang Sets IPO Price

Rumor: Tianya Club, Giant in "Golden Land" Co-Ops

Baidu Union Releases Floating Window Ads

Baidu (BIDU) Weekly - February 8, 2010

Huatai Securities Aims for RMB 17b IPO

Rumor: Vancl to List Abroad by Year-End

Report: CCTV New Year Gala Ad Rev to Top RMB 650m

Tianxi Network Licenses New Korean RPG

The China Report: Weekly Edition - February 5, 2010

The China Report: Agricultural Commodities Update - February 5, 2010

Amid Pricing Talks, Rio Tinto Names China Director

Trina Signs Another 40MW to Germany

Tencent to Release Kid Community in Q2

MoF: Fiscal Spending Exceeds Revs by RMB 740b

Bank of Beijing to Take ING Capital Stake

Online Games Weekly - February 5, 2010

Vanke Gains Fuzhou Parcel for RMB 1.66b

Angang Steel: '09 Net Profit at RMB 3.1b

Rumor: Shanda to Enter E-Book Market

E-Book Maker Hanwang Approved for Shenzhen IPO

Hong Kong's Hang Seng Tumbles Below 20,000

Foreign Markets Weigh A-Shares to Week's Biggest Drop

Greentown's Jan Sales Revenue Jumps 7-Fold

China Expands Rural Appliances Subsidy Program

Xunlei to Release Paid Service for Copyright Content

Petrochemical Output Projected to Grow 15% in 2010

Citigroup Continues Expansion From East Coast

Actions Semi Misses on Revs, Deeper in the Red in Q4

Retail: Q4 09 Department Store Update - February 4, 2010

Real Estate: A Note on Vacancy Rates - February 4, 2010

Real Estate Weekly Data Update - February 4, 2010

Shanda Announces New "Mir 2" Version

Rumor: Ministry May Increase BoCom Stake

Changyou Unveils "TLBB 2" Expansion

Steel Cos Push for Long-Term Contracts

Lenovo Widens Profit to $80m in Fiscal Q3