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Focus Media Implements Allyes MBO As Digital Advertising Revenue Plummets In China
March 17, 2010Chinese digital media group Focus Media has announced that the company and its subsidiary Allyes will implement a management buyout, acquiring a 38% stake in Allyes for USD13.3 million.
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Financial Report Shows Sina.com Struggled In China Last Year
March 4, 2010Chinese online and mobile media company Sina Corporation announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009.
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Sohu.com Shows Increased Total Revenue, Decreased Brand Advertising And Wireless Revenue In China
February 1, 2010Chinese online media company Sohu.com Inc.'s revenues rose 12% year-on-year in the last quarter, according to its newly-reported unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009.
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Focus Media Appoints Former Goldman Sachs Exec As Chief Financial Officer
January 11, 2010Chinese digital media and advertising company Focus Media Holding Limited has announced a couple of key executive appointments.
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China's Xinhua News Agency, Alibaba Team To Develop Yahoo News Center
December 4, 2009China's official news agency Xinhua News Agency and the Chinese B2B e-commerce group Alibaba have formed a strategic alliance in Hangzhou to jointly develop online information services.
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Shanda, Hunan TV Organize Joint Venture
November 16, 2009Shanda Interactive Entertainment has announced that it has reached a strategic cooperation with Hunan Broadcasting, Film and TV Group to invest CNY600 million to set up a joint venture for movies and television series projects.
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Global Sources Stumbles In China As It Announces Revenue Drop
November 12, 2009Business-to-business media group Global Sources Ltd. says both its revenue and profit have dropped in China as it reported financial results for the third quarter ended September 30, 2009.
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Beijing Will Adopt Real Name Registration For Online Media
June 18, 2009Beijing's technology industry oversight agencies will ask website publishers, editors and webmasters of websites that are registered in the city to register their real names in an effort to prevent unhealthy online content from being published.
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CCTV.com Plans Chinese Nationwide Internet TV Station
February 19, 2009According to China's State Administration of Radio Film and Television, the official website of China Central Television CCTV.com will soon open a nationwide Internet TV station.
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Chinese Internet Advertising Company Submits IPO Application
September 22, 2008China's Focus Media (FMCN) announced that its wholly owned subsidiary Allyes Online Media Holding Ltd. is preparing to be listed in the United States.
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SARFT Calls On Online Video Service Providers To Join Self-discipline Alliance
June 16, 2008China's State Administration of Radio, Film and Television has released an announcement on its official website, welcoming online audio and video service providers from both home and abroad to join China's Internet Audio & Video Program Service Alliance.
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