Interfax China - Telecom Media & Technology

Enlight to invest $31.26 mln in TV programming development

Fri, 30 Sep 2011 07:53:51 GMT

Beijing. September 30. INTERFAX-CHINA - Chinese media producer and distributor Enlight Media Co. Ltd. plans to invest RMB 200 million ($31.26 million) expanding its TV programming development division, the company announced Sept 29.

Electronics and IT products trade hits $112 bln in first 8 months

Thu, 29 Sep 2011 09:21:47 GMT

Beijing. September 29. INTERFAX-CHINA - China's trade in electronics and information technology (IT) products totaled $112 billion in the first eight months of 2011, a year-on-year increase of 14.20 percent, the Ministry of Industry and Information Technology (MIIT) announced Sept 28.

Haier net profit tops $90 mln over H1

Thu, 29 Sep 2011 05:47:17 GMT

Beijing. September 29. INTERFAX-CHINA - Leading Chinese consumer electronics manufacturer Haier Electronics Group Co. Ltd. saw net profit surge 79 percent over the first half (H1) of the year, climbing to RMB 586 million ($91.59 million), the company announced via the Hong Kong Stock Exchange Sept. 29.

Jewel e-commerce company Zocai secures $31.26 mln

Wed, 28 Sep 2011 05:30:04 GMT

Beijng. September 28. INTERFAX-CHINA - Chinese jewel and diamond e-commerce website Zocai.com secured RMB 200 million ($31.26 million) in its Series A round of funding, the company announced Sept 27.

Laibao plans $359 mln industrial park in Chongqing

RL — Wed, 28 Sep 2011 04:54:22 GMT

Beijing. September 28. INTERFAX-CHINA - Shenzhen Stock Enchange-listed Laibao Hi-Tech Co. Ltd., a leading manufacturer of ITO conductive glass, plans to invest RMB 2.3 billion ($359 million) building an industrial park in Chongqing Municipality, the company announced via the Shenzhen bourse Sept 27.

China adds 10.24 mln mobile subscribers in August - MIIT

Tue, 27 Sep 2011 05:13:39 GMT

Beijing. September 27. INTERFAX-CHINA - China added 10.24 million mobile phone subscribers in August this year, bringing the total number of users to 940 million, according to figures released Sept. 26 by the Ministry of Industry and Information Technology (MIIT).

Software industry revenue hits $174 bln over first 8 months

Tue, 27 Sep 2011 03:56:50 GMT

Beijing. September 27. INTERFAX-CHINA - Net revenues for China's software industry reached RMB 1.11 trillion ($174 billion) over the first eight months of the year, up 30.50 percent on an annual basis, the Ministry of Industry and Information Technology (MIIT) announced Sept. 26.

TCL net profit growth expected to top 300 pct over first nine months

Mon, 26 Sep 2011 07:34:30 GMT

Beijing. September 26. INTERFAX-CHINA - Chinese electronics manufacturer TCL Corp. expects net profit over the first three quarters of the year to be up by as much as 335 percent over the previous year, the company announced via the Shenzhen Stock Exchange Sept. 26, ahead of the release of its third quarter (Q3) financial report.

Zowee Technology to raise $169 mln for expansion

Mon, 26 Sep 2011 05:19:24 GMT

Beijing. September 26. INTERFAX-CHINA - Shenzhen Stock Exchange-listed Shenzhen Zowee Technology Co. Ltd., a telecommunications equipment manufacturer, plans to raise as much as RMB 1.08 billion ($169 million) through a private placement of a maximum 50 million shares, the company announced via the Shenzhen bourse Sept. 24.

Sportswear manufacturer Dongxiang to invest $100 mln in Alibaba

Fri, 23 Sep 2011 05:50:52 GMT

Beijing. September 23. INTERFAX-CHINA - Hong Kong Stock Exchange-listed China Dongxiang (Group) Co. Ltd., a Beijing-based sports manufacturer, is set to invest $100 million in China's e-commerce giant Alibaba Group Holdings Ltd. (Alibaba), Dongxiang announced Sept 23.

Ultrapower to spend $5.55 mln on Hong Kong subsidiary

Fri, 23 Sep 2011 04:03:56 GMT

Beijing. September 23. INTERFAX-CHINA - Beijing Ultrapower Software Co. Ltd. (Ultrapower), an information technology (IT) service provider and software developer, will invest RMB 35.50 million ($5.55 million) setting up their first overseas subsidiary in Hong Kong, the company announced Sept 23.

Appliance maker Gree eyes $510 mln listing

RL — Thu, 22 Sep 2011 05:50:37 GMT

Beijing. September 22. INTERFAX-CHINA - Leading Chinese electronics producer Gree Electric Appliances Inc. plans to raise RMB 3.26 billion ($510 million) to build manufacturing facilities nationwide, the company announced via the Shenzhen Stock Exchange Sept 22.

Beijing Gehua secures $54 mln STB subsidy

Thu, 22 Sep 2011 03:29:33 GMT

Beijing. September 22. INTERFAX-CHINA - Beijing Gehua CATV Network Co. Ltd. (Beijing Gehua), the capital's exclusive cable television provider, has received a RMB 346 million ($54.25 million) subsidy from the Finance Bureau of Beijing (FBB), the company announced Sept. 21.

Hisense Kelon net profits fall 18.18 pct. y-o-y

Wed, 21 Sep 2011 09:44:25 GMT

Shanghai. September 21. INTERFAX-CHINA - Hong Kong Stock Exchange-listed Hisense Kelon Electrical Holdings Co. Ltd. (Hisense Kelon), a leading household appliance manufacturer in China, recorded net profits of RMB 284.67 million ($44.62 million) in the first half (H1) of 2011, down 18.18 percent year-on-year, according to the company's unaudited financial results released Sept. 20.

A8 acquires major stake in internet music software supplier

Wed, 21 Sep 2011 06:38:37 GMT

Beijing. September 21. INTERFAX-CHINA - Hong Kong Stock Exchange-listed A8 Digital Music Holdings Ltd., China's leading digital music supplier, is to acquire a 42.69 percent stake in mobile Internet music sharing software provider Duomi Music Holding (Cayman) Co. Ltd., A8 announced via the Hong Kong bourse Sept. 20.

WRI restructures telecommunications assets

Tue, 20 Sep 2011 10:51:44 GMT

Beijing. September 20. INTERFAX-CHINA - Wuhan Research Institute of Post & Telecommunications (WRI), a state-operated telecommunications research institute, will merge its optical component making subsidiary Accelink Technologies Co. Ltd. with fellow fiber optic unit FiberHome Communication Technology Co. Ltd., Accelink announced Sept. 20.

China Unicom 3G users hit 28 mln in August

Tue, 20 Sep 2011 06:37:09 GMT

Shanghai. September 20. INTERFAX-CHINA - China United Network Communications Group Co. Ltd. (China Unicom) announced Sept. 20 that its third generation (3G) user base grew by 2.04 million in August to 27.86 million subscribers.

China's ZTE to help Belarus develop logistics monitoring system

Tue, 20 Sep 2011 05:30:52 GMT

Minsk. September 20. INTERFAX-CHINA - ZTE Corp., a leading telecommunications equipment provider in China, and the Belarusian State Science and Technology Committee (BSTC) signed a memorandum of understanding Sept. 19 on setting up a logistics monitoring system in the eastern European country, Interfax reports from the signing ceremony in Minsk.

ASE plans $1.25 bln Shanghai semiconductor plant

RL — Mon, 19 Sep 2011 10:39:37 GMT

Beijing. September 19. INTERFAX-CHINA - Taiwan's Advanced Semiconductor Engineering Inc. (ASE), the world's largest semiconductor manufacturer, is set to spend RMB 8 billion ($1.25 billion) to build a semiconductor assembly plant in Shanghai Municipality, the China Semiconductor Industry Association (CSIA) reported Sept. 19.

Coship signs supply deal with Shenzhen Topway

Mon, 19 Sep 2011 10:25:50 GMT

Shanghai. September 19. INTERFAX-CHINA - Leading Chinese set-top box (STB) producer Coship Electronics Co. Ltd. has agreed to supply Shenzhen Topway Video Communication Co. Ltd. with STBs for its interactive high-definition (HD) digital TV network, a Coship employee told Interfax Sept. 19.

Phoenix New Media begins beta testing blogging service

Fri, 16 Sep 2011 09:06:14 GMT

Shanghai. September 16. INTERFAX-CHINA - Phoenix New Media Ltd., a subsidiary of Hong Kong-based broadcaster Phoenix Satellite Television Holdings Co. Ltd., began beta testing a new blogging service Fenghuang Kuaibo on Sept. 15, a company representative confirmed to Interfax Sept. 16.

Wanxin Media eyes new media market via Xinhuanet stake

Fri, 16 Sep 2011 05:10:53 GMT

Beijing. September 16. INTERFAX-CHINA - Shanghai Stock Exchange-listed Anhui Xinhua Media Co. Ltd. (Wanxin Media) plans to purchase a one percent stake in Xinhua news agency's online portal Xinhuanet.com for RMB 18.82 million ($2.94 million) in a bid to break into the new media market, Wanxin Media said Sept 16.

Software firm 35.com plans $15 mln Tianjin unit

Thu, 15 Sep 2011 10:35:54 GMT

Beijing. September 15. INTERFAX-CHINA - Xiamen 35.com Technology Co. Ltd. (35.com), a network applications provider, plans to invest RMB 100 million ($15.65 million) in a new unit in Tianjin Municipality as a base for its north China operations, the company said Sept. 15.

Tongfang to gain control of air-con JV

Thu, 15 Sep 2011 09:57:28 GMT

Shanghai. September 15. INTERFAX-CHINA - Shanghai Stock Exchange-listed Tongfang Co. Ltd. will enlarge its holding in the Tsinghua Tongfang Artificial Environment Co. Ltd. (Tsinghua Tongfang) joint venture (JV) to a controlling 91.96 percent stake, its partner Tellhow Sci-Tech Co. Ltd. announced Sept. 15.

Electronics manufacturing net profits down 1.5 percent over first 7 months - MIIT

Wed, 14 Sep 2011 09:08:11 GMT

Beijing. September 14. INTERFAX-CHINA - China's electronics manufacturing industry generated RMB 102.60 billion ($16.04 billion) in net profits over the first seven months of the year, down 1.5 percent from the same period a year ago, the Ministry of Industry and Information Technology (MIIT) announced Sept. 13.