Sohu.com's financial results for the first quarter of 2004, which ended March 31, were reported today. The Chinese web portal downplayed gains earned from mobile value-added services and instead showed a 146% increase on advertising revenue.

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During a financial quarter that saw the company slapped with a Wells Notice from the SEC and greater competition from portal rivals in China, Netease.com managed to scrape together a 66.8% increase in revenue year-over-year and 15.5% quarter-over-quarter to RMB186.8 million (US$22.6 million).

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Sina.com grew net revenues this last quarter by 128.5% year-over-year to a record $41.4 million. Non-advertising revenues for the quarter grew by 161.4% year-over-year and accounted for 68.3% of total revenues. The company made the announcement yesterday for the first quarter ending March 31, 2004.

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Tom Online Inc. today announced its financial results for the first quarter ended March 31, 2004.

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Guangdong Province Information Industry Department has signed a cooperative agreement with IBM and Shenzhen Zhongxing Communications Co., Ltd to work on the construction of a Linux Public Service Technology Support Center, the first of its kind in China.

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It is being reported in the Chinese media that the HVD Alliance, also called the High-clearness Video Disk Industry Alliance, was formally established in Shanghai on April 28 by 19 enterprises from the industry, including Skyworth, Changhong and TCL, for the purpose of seizing a larger market share in the new round of DVD market competition.

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China's supercomputer, which is operated out of the Computer Network Information Center, Chinese Academy of Sciences (CNIC, CAS), is expected to play an important role in the weather forecast during Beijing Olympic Games in 2008.

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Ericsson has signed two mobile network expansion deals in Sichuan Province, Southwest China, valued at over US$120 million.

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On2 Technologies, Inc., said today that it will file multiple breach of contract claims to be arbitrated in the London Court of International Arbitration as is specified in the agreements between On2 Technologies, Inc. and Beijing E-world dated June 21, 2003.

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Cirmaker Technology Corp., which manufactures set top boxes for digital TV signal reception, CPU coolers for computers and electronic components, today announced that it has signed an agreement with the Shaanxi Ruyi Electric Co. relating to the purchase of a 66% stake in Shaanxi Ruyi Electric's subsidiary, Shaanxi New Century Electronics Co., which will manufacture set-top boxes (also known as digital receivers) that receive signals from satellites and do not require cable connections for the mainland China television market.

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Vyyo Inc., a supplier of wireless broadband end-to-end solutions for telephony and high-speed data connections, commented on China's Ministry of Information Industry's (MII) completion of a tender to bid on 3.5 GHz spectrum license grants.

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AsiaInfo Holdings, Inc., a provider of software and solutions in China, today announced that it has signed a BOSS System Maintenance Contract with Zhejiang Mobile, one of the provincial subsidiaries of China Mobile.

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By Perry Wu
Linktone, the Shanghai-based provider of wireless entertainment in China, recently did its IPO on NASDAQ. With much fanfare, its listing was accompanied by a party at the NASDAQ market site in New York's Times Square. Linktone's share price gained 24% on its first day of trading.

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Details regarding China Mobile (Hong Kong)'s purchase most recent purchase from its parent company were publicized yesterday.

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Qualcomm Incorporated recently announced its participation in a $14 million round of venture capital financing in Techfaith Wireless Communication Technology Limited (Techfaith Wireless), an independent handset design house and one of China's mobile terminal design groups.

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