TOP HEADLINES Nov 21, 2009

Suntech Q3 Revs Up 50%, Plans 2010 Expansion

Posted by: Ana Swanson on Nov 20 2009

Photovoltaic (PV) module manufacturer Suntech Power Holdings (NYSE:STP) booked net income of $29.8 million in the third quarter of 2009, or $0.16 per diluted ADS, up from $10 million in the prior quarter, the company announced August 20...

   

Update: 7 Days Inn IPO Raises $111m

Posted by: Kiki.yang on Nov 20 2009

Economy hotel chain 7 Days Group Holdings (NYSE:SVN) set its initial public offering (IPO) price per American depository share (ADS) at $11 to raise a total of $111 million, TechWeb reported November 20...

   

Shanda MMO Calendar: OBs, CBs and Alphas

Posted by: Sophia Fu on Nov 20 2009

Shanda (Nasdaq:SNDA) plans to start open beta testing of its licensed 2D turn-based MMORPG TS Online 2 on November 25, the company announced on its official site on November 20. Shanda will give away RMB 688 in gift packages and virtual items to gamers in six promotions during the testing, according to the report...

   

Changyou Confirms MMO Licensing Fee

Posted by: Cherry Zhang on Nov 20 2009

Sohu's (Nasdaq:SOHU) online gaming subsidiary Changyou.com (Nasdaq:CYOU) has confirmed rumors that it paid RMB 100 million to license 3D martial arts MMORPG Zhonghua Yingxiong from Taiwanese developer Chinese Gamer International Corporation (3083.TW), reports 17173.com...

   

NetEase: "TX2" Expansion on Dec. 11

Posted by: Cherry Zhang on Nov 20 2009

NetEase (Nasdaq:NTES) plans to release a new expansion "Feilong Zaitian" ("Flying Dragon in the Sky") for its in-house developed 3D MMORPG TianXia II (TX2) on December 11. The expansion will add 3D scenes, new riding animals, monsters and battlefields to the game.

   

Tencent Starts "Fantasy World" Alpha

Posted by: Sophia Fu on Nov 20 2009

Tencent (0700.HK) began first-round technology testing of its in-house developed 2D Chinese fantasy MMORPG Fantasy World (Huan Xiang Shi Jie), the sister game of QQ Fantasy, on November 19, according to a company announcement...

   

Retailer Wumart Inks RMB 4b Credit Line

Posted by: Cherry Zhang on Nov 20 2009

Beijing-based retail group Wumart Stores (8277.HK) signed a contract on November 18 to extend RMB 4 billion in credit from the Beijing Agriculture and Commercial Bank over the next three years, reports 21st Century Business Herald...

   

Giant Interactive Launches SNS Site Qule

Posted by: Sophia Fu on Nov 20 2009

Giant Interactive (NYSE:GA) has quietly released a social networking service site at Qule.com, reports 163.com. Users can register for the site after receiving an invitation from existing users, said the report...

   

CDC Gets Go-Ahead for "LOTRO" Launch

Posted by: Tom Telford on Nov 20 2009

CDC Corporation's (Nasdaq:CHINA) online games subsidiary CDC Games has received final government approvals for its licensed MMORPG The Lord of the Rings Online ("LOTRO"), and plans to begin commercial play next week, the company announced November 18...

   

China Mobile, Telecom Report October User Stats

Posted by: Cherry Zhang on Nov 20 2009

China Mobile (NYSE:CHL, 0941.HK) added 5.1 million new subscribers in October, bringing its total customers to 513.47 million, the company announced November 20. The company reported that 2.31 million G3 subscribers used its 3G network services in October, up from [url=http://www.jlmpacificepoch.com/newsstories?id=157821_0_5_0_M]1.66 million in September.

China Telecom (NYSE:CHA, 0728.HK) reported a total of 192.93 million fixed-line subscribers by the end of October, after losing 1.46 million during the month, while the carrier's broadband subscriber base grew by 700,000 to 52.15 million at the end of October...

   

Tencent's QQ Mail Starts Micro-Blogging

Posted by: Kiki.yang on Nov 20 2009

Tencent (0700.HK) released a Twitter-like micro-blogging function "Guangbo" (literally, "Broadcast") as part of its QQ Mailbox service, Sohu reported November 19. The company released its "Taotao" micro-blogging service in 2007, but halted service in June this year, the report said...

   

Kingsoft to Release "First Myth 2" Expansion

Posted by: Kiki.yang on Nov 20 2009

Chinese software and online game company Kingsoft Corporation (3888.HK) plans to release a new expansion, "Dongtian Fudi," of its in-house developed 2D MMORPG The First Myth 2 on November 27, 17173.com reported November 20...

   

Giant's "Dragon Soul" to Enter 3rd Alpha

Posted by: Cherry Zhang on Nov 20 2009

Shanghai-based online game company Giant Interactive (NYSE:GA) will start final-round alpha testing of its in-house developed 3D MMORPG Dragon Soul ("Long Hun") on November 26. The company plans to launch eight promotional activities, with giveaways including five free Disney MP3 players for five new gamers on November 26, virtual pets for gamers at or above level 30, packages for new gamers and additional virtual items, weapons and currency...

   

A-Shares Mixed, Power Cos Warm to Price Hike News

Posted by: Sijia Xie on Nov 20 2009

The Shanghai Composite Index dropped 0.37% to close at 3,308.34, while the Shenzhen Composite Index ended 0.51% higher at 1,208.82 on November 20. Trading volume on the Shanghai and Shenzhen Stock Exchanges dropped from the previous day to RMB 200.56 billion and RMB 125.10 billion, respectively...

   

H-Shares Retreat for Fourth Day

Posted by: Kiki.yang on Nov 20 2009

The Hang Seng Index dropped 0.83% to close at 22,455.84 on November 20, in main board trading volume of HK60.50 billion.

Shares in electronics companies finished the day upbeat, as Goldin Properties (0283.HK) posted a gain of 9.65%, Regent Manner International Holdings (1997.HK) increased 5.13% and BYD (1211.HK) rose 4.94%...

   
 

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Online Games: Weekly Update Nov 20 2009

In our weekly report on China's online gaming sector, Pacific Epoch analysts aggregate and analyze the important events and statistics for key companies and games in the industry.

The China Report: Weekly Edition - November 20, 2009 Nov 20 2009

In this week's report, Bill McCahill looks at whether China's property prices are unsustainably high, and whether urbanization is almost complete. Plus, we evaluate the likelihood of RMB appreciation.

JLM Pacific Epoch in the News

Alibaba News
"China Mobile eager to list on the mainland market"
November 18, 2009

CNBC
"Obama Visits China"
Ian McGuinn
November 16, 2009


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