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New CFO Takes Helm At China's Hurray
April 20, 2009Chinese wireless value-added services firm Hurray Holding Company Ltd. has promoted Xiaoqing Guo to the job chief financial officer, effective immediately.
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Focus Media Generates Disappointing Quarterly Loss In China
March 24, 2009Just months after restructuring its in-store advertising network and selling its out-of-home digital networks to Sina.com, Chinese digital media group Focus Media Holding Limited has announced its unaudited financial results for the fourth quarter and full year ended December 31, 2008.
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China's Midea Net Profit Down 14.78% In 2008
March 11, 2009Chinese home appliances maker Midea has published its financial report for 2008, which states that its revenue increased by 28.77% year-on-year to CNY45.3 billion while its net profit decreased by 14.78% year-on-year to CNY1.03 billion.
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Internet Ads And Online Games: Quarterly Revenue Drop But Annual Increase For NetEase In China
February 26, 2009Chinese Internet company NetEase.com has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2008.
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Chinese Internet Travel Disappoints As eLong Posts Net Loss
February 26, 2009The Beijing Olympics were expected to create great wealth for tourism companies last year, but Chinese Internet travel company eLong.com has failed to deliver as it posted worrisome financial results for the fourth quarter and full year ended December 31, 2008.
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ChinaHR.com Made CNY175 Million Loss In 2008
February 23, 2009According to the latest financial report of the U.S. recruitment website Monster.com, ChinaHR.com made losses of CNY175 million in 2008.
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China's Mobile Aspirations Disappoint As KongZhong Posts Annual Results, Gains Nokia Investment
February 19, 2009Chinese wireless value-added service firm KongZhong Corporation reported its unaudited fourth quarter 2008 financial results and showed a negligible quarterly profit and overall net loss for 2008.
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Asus Reported USD82.24 Million Net Losses In Q4 2008
February 16, 2009Taiwan-based PC maker Asus has published its financial report for the fourth quarter of 2008, stating it made losses of NTD2.798 billion — the first loss since the founding of the company 19 years ago.
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Financial Crisis Hits China's Lenovo As Company Cuts Worldwide Staff
January 8, 2009The global financial crisis has hit Chinese PC maker Lenovo (LNVGY) as it today announced cutting approximately 11% of its total global workforce, and the company expects to report a loss for the fiscal quarter that ended December 31, 2008.
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Linktone Reports Weak Wireless Revenue, Widening Operating Loss In China
August 29, 2008Chinese wireless value-added services company Linktone (LTON) is fighting the tide of sinking wireless fortune as its unaudited financial results for the second quarter ended June 30, 2008 show it only recorded revenues of USD19.1 million, compared with USD20.5 million in the first quarter of 2008, and an operating loss was 58% of net revenues, [...]
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eLong Posts Expanding Net Loss, Expects No Growth In Third Quarter
August 27, 2008Chinese Internet travel provider eLong.com (LONG) has just reported its unaudited financial results for the second quarter ended June 30, 2008 and says while total gross revenues slightly increased, its operating loss and net loss both expanded.
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Wireless Financial Results Plummet For China's Hurray
August 22, 2008Chinese wireless value-added services company Hurray (HRAY) just announced its unaudited financial results for the second quarter ended June 30, 2008 and said unsurprisingly that total revenues were only USD12.8 million, a decline of 3.7% quarter-over-quarter and 12.4% year-over-year.
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Acorn Blames Sichuan Earthquake For 25% Net Revenue Drop
August 20, 2008Chinese TV shopping company Acorn International (ATV) says quarterly net revenues were USD47.2 million, a decrease of 25.4% compared to USD63.3 million in the second quarter of 2007, as it announced its second quarter financial results for the three months ended June 30, 2008.
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Loss Narrows For UTStarcom
August 7, 2008UTStarcom (UTSI) reported its unaudited financial results for the second quarter of 2008 and said net sales for the second quarter of 2008 were USD633 million as compared to USD538 million in the second quarter of 2007, representing an 18% increase.
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Focus Media Loses Steam, Internet Advertising Drops
June 6, 2008Chinese digital media firm Focus Media (FMCN) announced its unaudited financial results for the first quarter ended March 31, 2008 and said net loss was USD53.8 million, which includes a non-recurring loss of USD79.3 million resulting from the restructuring of its lackluster mobile handset advertising business.
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