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China's 58.com Made Net Profit Of CNY1.1 Million In April
May 27, 2009Chinese lifestyle website 58.com has announced that its advertising revenue in April 2009 was over CNY3 million and its net profit was CNY1.1 million, a year-on-year increase of 50% and an increase of 37% compared with the previous month.
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Perfect World Buys Back Shares
December 30, 2008Chinese online game developer Perfect World (PWRD) will repurchase 18,750,000 shares of its Class A ordinary shares for approximately USD56.6 million from SB Asia Investment Fund II, L.P., and an affiliate of SAIF.
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Alibaba Launches Financing Platform For Online Businesses
May 26, 2008Chinese e-commerce provider Alibaba has announced an initiative to launch an online platform to help small and medium enterprises in China solve their difficulties in receiving financing.
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