Chinese wireless value-added services firm Hurray Holding Company Ltd. has promoted Xiaoqing Guo to the job chief financial officer, effective immediately.

Just 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.

Chinese 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.

Chinese Internet company NetEase.com has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2008.

The 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.

According to the latest financial report of the U.S. recruitment website Monster.com, ChinaHR.com made losses of CNY175 million in 2008.

Chinese 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.

Taiwan-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.

The 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.

Chinese 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, [...]

Chinese 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.

Chinese 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.

Chinese 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.

UTStarcom (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.

Chinese 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.