Sinofile | Daily News from China

Chinese home appliances and electronics retailer Suning has published its financial report for the first quarter of 2010, stating that the company made total operating revenue of CNY16.712 billion during the period, a year-on-year increase of 32.02% and its net profit increased by 86.08% year-on-year to CNY884 million.
Suning said because the company was promoting the [...]
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China’s Ministry of Industry and Information Technology has stated on its website that during the first quarter of 2010, China’s software industry maintained stable development, with significant increase of revenue from the service sector.
In the first three months of 2010, China’s software industry achieved revenue of CNY257.3 billion, a year-on-year increase of 25.7% and the [...]
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Nokia Siemens Networks’ new TD-LTE open lab has been set up in its research and development base in Hangzhou.
Its nationwide road show in China was launched at the same time last month to lay a foundation for the large-scale commercial use of its technology.
Nokia Siemens Networks’ open lab will provide an end-to-end testing environment for [...]
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To enhance its leading position of its PC and mobile Internet terminals in the Chinese consumer market, the Chinese PC maker Lenovo has signed a full-service expansion strategic cooperation with the IT and electronic products retailer Hisap.
Starting from 2010, the cooperation between the two parties will not be limited to the direct supply and exclusive [...]
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According to reports in local media, the Chinese Internet portal NetEase.com is in contact with MSN China and intends to take a 50% stake in MSN China from Shanghai Alliance Investment.
Shanghai Alliance Investment is the shareholder of Shanghai MSN Network Communications Technology, which is responsible for the operation of MSN China. On the completion of [...]
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Three months after Baidu’s announcement of its plan to set up a joint venture with the Japanese e-commerce operator Rakuten, the JV was formally founded in Beijing’s Tongzhou district last week.
Ren Xuyang, vice president for Baidu’s business expansion, told local media that the reason for choosing Tongzhou to locate its joint venture is because of [...]
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According to Wang Donghui, chief financial officer of Kingsoft, the company plans to enter the European and the North American game markets with two online games in 2011, and the company predicted its revenue from the overseas markets will account for 20% of its total revenue in the next two years.
Kingsoft’s annual financial report for [...]
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Chinese online tourism website Ctrip.com has reportedly acquired Sozhen.com, a website focusing on ancient Chinese town travel.
According to reports in local media, the terms of the deal have not been disclosed. Employees of Sozhen.com are quoted as saying the website will show some difference in the future, but it will not sell hotel rooms like [...]
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