Get Our Weekly Email Newsletter
I.T. Skills In Your China Business!IPS works with institutions and corporate clients to deliver computer skills training and ICT solutions, as well as internal assessments and benchmarking. More Info Here...
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
Vietnam Mobile & Broadband International Summit 2010 @ Hanoi - 2010/03/25
China Mobile Internet Summit 2010 @ Beijing - 2010/04/07
Green Fuels & Vehicles China 2010 @ Shanghai - 2010/04/08
TETRA World Congress @ Singapore - 2010/05/25
Global Mobile Internet Conference 2010 @ Beijing - 2010/05/27
NGMN Industry Conference 2010 @ Shanghai - 2010/06/02
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
China's Shanda To Buy Ku6.com
November 27, 2009 |
Print
| 
Email
| 
Comments | Category: Business, Internet
Citing unnamed sources, various Chinese media are reporting that Chinese online game operator Shanda Interactive Entertainment Limited will announce the acquisition of video website Ku6.com this weekend during the company's tenth anniversary.
The news has reportedly been confirmed by the two parties. A medium-level executive from Ku6.com told local media that Li Shanyou, founder and CEO of Ku6.com, said during an internal meeting that the company will have a larger budget in 2010.
As one of the largest video websites in China, Ku6.com, with its good user experience and unique video marketing ideas, gained some of the most advertising income among Chinese video websites for three consecutive years.
Founded in November 1999, Shanda Interactive Entertainment Limited entered the Chinese online game market in September 2001 and now is one of the largest online game operators in China. Shanda's financial report for the second quarter of 2009 ended June 30 showed that its net revenue increased by 11.8% quarter-over-quarter; and its operating profit increased by 12.7% quarter-over-quarter. In addition, during the first half of 2009, Shanda's net revenue increased by 44.9% year-on-year to CNY2.344 billion; and its operating profit increased by 49.6% year-on-year to CNY969 million. The company will publish its third quarter financial report on December 2, 2009.
Recommend this page: 
Loading ...Leave A Comment:
-
Business
- Hong Kong Government Increases IT Budget For New Projects
- Ctrip.com Invests In Two Chinese Hotel Companies
- China Mobile Confirms Acquisition Of 20% Stake In Shanghai Pudong Development Bank
- Alibaba's Wholesale Website Welcomes 6.39 Million Traders On First Day
- SemiLEDs' New LED Chip Plant Unveiled In Foshan
-
Commentary
-
Computing
-
Gadgets & Electronics
- Founder To Promote Copyright Pricing Standards For E-books In China
- Motorola Android Phones Go For Microsoft's Bing Search Engine In China
- NGMN Alliance Announces NGMN Industry Conference & Exhibition 2010 in Shanghai, China
- China Unicom Unveils Its First Android Wi-Fi Customized Smartphone
- Chinese Consumers Complain About HP's Products
-
Internet
- Ctrip.com Promises To Compensate Online Consumers For Price Differences
- 365anfang.com Allies With Taobao, Alipay To Ensure Online Shopping Safety
- China's Renren.com Launches Internet Recruitment Platform
- Motorola Android Phones Go For Microsoft's Bing Search Engine In China
- Taobao.com Launches E-commerce Rights Protection Platform
-
Law & Policy
-
Security
-
Software
-
Telecom & Wireless
- Founder To Promote Copyright Pricing Standards For E-books In China
- Huawei Gains GPON FTTH Contract From Hong Kong's Wharf T&T
- China Mobile Confirms Acquisition Of 20% Stake In Shanghai Pudong Development Bank
- Motorola Android Phones Go For Microsoft's Bing Search Engine In China
- China Unicom Unveils Its First Android Wi-Fi Customized Smartphone
Copyright 1999-2010 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts for personal non-business use where you will not gain in any monetary way, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaTechNews.com. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 