The Digital Source For China's Tech Innovation Since 2000

Search
Close

Letv.com Says Chinese Internet Video Business Is Hot

January 29, 2014
Internet | Telecom & Wireless

In the face of massive competition from state-owned businesses, stalwarts like Youku Tudou, and mobile-only start-ups, Chinese Internet video website Letv.com says it's profits are bursting.

Letv.com published its unaudited annual performance pre-announcement for 2013, stating that the company expects to see net profit between CNY250 million and CNY270 million, a year-on-year increase of 30% to 40%.

Letv.com said during the entire year of 2013, the company's net profit attributable to shareholders reached between CNY252.452 million and CNY271.872 million. This marked an increase of 30% to 40% from the CNY194.194 million in the same period of the previous year.

The company pointed out the compared with 2012, the Chinese online video industry still maintained high-speed growth in 2013 and the scale of the industry continued to enlarge. Letv.com says it still achieved obvious synergy and the company's various main businesses realized stable growth.

In 2013, Letv.com's advertising business on video platforms increased by over 100% year-on-year. Meanwhile, the launch of its TV products had positive effect on the overall revenue of the company.

Tags: Internet advertising | Internet video | Letv.com | online advertising | online video | Smart TV | social media | television | Tudou | TV | Youku

Other Related News:

AOC To Build LCD TV Plant In Foshan

September 19, 2008

The world was troubled by this new 'game' of China in the wake of Corona, America gave a strong answer

January 22, 2022

(Mail Online) Trump warns China may take control of Bagram Air Base, slams Biden for 'surrendering' in Afghanistan

November 8, 2021

China's censors scrub viral Shanghai lockdown video from online platforms

April 24, 2022

Sky bri? Photos and videos leaked onlyfans on twitter and reddit

July 3, 2022

China restricts kids online video game access to 3 hours per week

August 31, 2021

Susquehanna International Group Ltd. Buys New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Mayfield Recorder

February 19, 2022

What Chilling Effect Would Alibaba's Investment Have On Free Media?

November 16, 2015

New Macau Gaming Bill Triggers Casino Stock Relief Rally Las Vegas Sands (LVS) Benzinga

January 15, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....