Chinese digital media company Focus Media Holding Limited announced its unaudited financial results for the third quarter ended September 30, 2009, and stated that its revenue and profit both dropped during the quarter that saw much restructuring.

Chinese search engine company Baidu Inc. announced its unaudited financial results for the third quarter ended September 30, 2009, and stated though its revenue rose, it forecasts weakness in the Chinese Internet sector.

VisionChina Media, one of the largest outdoor digital mobile television advertising operator in China, has announced plans to acquire DMG, China's largest subway television advertising operator, for a total consideration of USD160 million.

According to a notice issued by Baidu.com to its clients, the company will gradually close its search engine advertising bid ranking system, which has been operating for eight years.

Alisoft, the software subsidiary of the Chinese B2B e-commerce group Alibaba, has announced that its instant messaging platform, Ali Wangwang, will formally enter China's Internet advertising market.

Zhangjiajie Scenic Spot's official website zhangwong.com has been launched, making it Zhangjiajie's only state-owned travel e-commerce platform.

Chinese digital media group Focus Media will soon announce its executive adjustment plan after the merger of some of its businesses with Sina.com.

With rivals Zhaopin.com and ChinaHR.com posting bad financial results for last year, Chinese online recruitment company 51job Inc. now reveals that its unaudited financial results for the fourth quarter of 2008 and for the fiscal year ended December 31, 2008, show the financial crisis is truly hurting job websites in China.

China's Focus Media (FMCN) is taking advantage of the low media exposure during this week's Lunar New Year holiday to announce a number of executive changes at the company that become effective immediately.

According to a report on Chinese search engine market in 2008 released by the Chinese market research firm Analysys International, Google (GOOG) China made CNY973 million revenue in the first three quarters of 2008.

The Internet Committee of the China Advertising Association has launched a trial version of the Recommended Usage Standard for China's Internet Advertising and the standard started its trial operation from January 1, 2009.

Chinese search engine Baidu.com is currently developing a new search advertising model named BrandLink.

In one of the biggest Chinese technology deals of 2008, Chinese Internet portal Sina.com (SINA) has entered into a definitive agreement worth about USD1 billion with Focus Media Holding Limited (FMCN) to acquire substantially all of the assets of Focus Media's digital out-of-home advertising networks, including LCD display network, poster frame network and in-store network.

Signaling that advertisers might shun Internet advertising in an economic downturn, and just weeks after it was hammered by investors for selling illegal medical advertisements, Chinese Internet search engine Baidu.com (BIDU) has rightfully adjusted its revenue expectation for the fourth quarter of 2008 to between CNY890 million and CNY900 million, decreasing CNY100 million compared with [...]

China's Focus Media (FMCN), China's largest digital media group, today provided an update on the expected charges resulting from the restructuring of its CGEN in-store advertising network and announced the termination of its remaining wireless advertising business.