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ChinaChina's Baidu Qualifies Partnership with Music Service QtraxAuthored by Mark Hefflinger on November 6, 2009 - 10:41am.
Los Angeles - Chinese search giant Baidu (NASD: BIDU) has issued a statement
indicating that it will not in fact be directing users searching for music on
the site to ad-supported downloads available from U.S.-based Qtrax -- as that company
announced earlier this week, IDG News Service reported. "The partnership
with Qtrax regards text-based information, such as singer backgrounds; it has
nothing to do with the music itself," a Baidu spokesperson told IDG. Qtrax
said in its announcement that Baidu would direct users to Qtrax "wherever
Qtrax has the queried...song in its catalogue."
Apple Sells 5,000 iPhones in China DebutAuthored by Mark Hefflinger on November 3, 2009 - 8:52am.
Hong Kong - Apple (NASD: AAPL) has sold just 5,000 iPhones in China since
its launch there last week with carrier partner China Unicom, Bloomberg
reported, citing comments from China Unicom president Lu Yimin.
Qtrax Legal Download Service Inks Deal with China's BaiduAuthored by Mark Hefflinger on November 2, 2009 - 8:52am.
Los Angeles - Qtrax, the provider of an ad-supported, legal
song download service, on Monday announced a deal with Baidu (NASD: BIDU), China's leading
search engine, that will see users searching for songs or artists on Baidu directed
to Qtrax.
Chinese Online Games Firm ChangYou Opens U.S. SubsidiaryAuthored by Mark Hefflinger on October 29, 2009 - 3:30pm.
Santa Clara, Calif. - ChangYou.com (NASD: CYOU), a Chinese online game developer
whose shares trade on the Nasdaq, said that it has launched a U.S. subsidiary in Santa
Clara, California, with plans to
launch its online games in Asia to American
gamers. The company said that its first U.S. release, "Dragon
Oath," will launch open beta Nov. 5. The title, which has run in Asia for over three years, has over 75 million registered
players and 910,000 concurrent users.
China Bans Foreign Investment in Online Game CompaniesAuthored by Mark Hefflinger on October 13, 2009 - 10:29am.
Shanghai - China
has enacted a ban on foreign investment in the country's burgeoning online
games industry, Reuters reports.
Apple Strikes New iPhone Deals with China Unicom, OrangeAuthored by Mark Hefflinger on September 28, 2009 - 9:23am.
Cupertino, Calif.
- Apple (NASD: AAPL) has struck new deals with China Unicom and Orange,
which will begin offering the iPhone in China
and the U.K.,
respectively. China Unicom, the country's second-largest mobile carrier, will
sell the iPhone from October with a price tag of about $732.50. Orange will join O2, which was Apple's exclusive iPhone
partner in the U.K.,
as an iPhone distributor in the fourth quarter.
Linktone to Distribute MLB Mobile Content in AsiaAuthored by Mark Hefflinger on September 21, 2009 - 12:28pm.
Beijing - Linktone (NASD: LTON), a
wireless entertainment distributor in China,
said on Monday that it has signed a multi-year deal making it the exclusive
distributor of certain mobile Major League Baseball content in China, South Korea,
Indonesia and the Philippines.
Linktone will manage officially-licensed MLB websites and wireless portals
offering live video streaming of games, on-demand videos, news and statistics.
WSJ: Apple Still in iPhone Distribution Talks with China MobileAuthored by Mark Hefflinger on September 14, 2009 - 11:59am.
Dalian, China - Shortly after signing a non-exclusive deal
with China Unicom to sell the iPhone in China, Apple (NASD: AAPL) remains in iPhone
distribution talks with China Mobile, The Wall Street Journal reported. The
talks were confirmed by China Mobile chairman Wang Jianzhou at the World
Economic Forum. China Mobile, which claims 141 million subscribers, operates on
a proprietary 3G CDMA network -- meaning Apple would have to modify the iPhone
to work for China Mobile subscribers on 3G.
Yahoo Selling Stake in China's Alibaba.com for $150 MillionAuthored by Mark Hefflinger on September 14, 2009 - 8:26am.
Sunnyvale,
Calif. - Yahoo (NASD: YHOO) is selling its 1.4%
stake in Chinese online retailer Alibaba.com for $150 million, The Wall Street
Journal reported.
Riot Games Raises $8 Million for Virtual Item-based TitlesAuthored by Mark Hefflinger on September 9, 2009 - 8:29am.
Los Angeles
- Riot Games, an independent developer and publisher of online games, announced
on Wednesday that it has raised $8 million in new financing, from Benchmark
Capital, FirstMark Capital and Chinese online services firm Tencent.
tags: Games | Deals | VC | China | Benchmark Capital | Virtual Items | Riot Games | FirstMark Capital | Tencent |
China Imposes New Restrictions on Web Music Searches, SalesAuthored by Mark Hefflinger on September 8, 2009 - 9:22am.
Beijing
- The Chinese government has issued new regulations outlawing links on search
engines to unauthorized music files, and requiring that all sites offering
foreign music to submit songs they offer to censors, The Wall Street Journal
reported.
China's Shanda to Spin-off Games Unit in Nasdaq IPOAuthored by Mark Hefflinger on September 4, 2009 - 5:27am.
 Shanghai - China's
Shanda Interactive Entertainment (NASD: SNDA) this week announced plans to spin-off its
games unit with an initial public offering (IPO) on the Nasdaq. Reuters reports
that the company aims to raise as much as $800 million in the offering,
proceeds from which will be used to fund acquisitions and joint ventures, and
for capital expenditures.
Apple to Begin Selling iPhone in ChinaAuthored by Mark Hefflinger on August 28, 2009 - 8:09am.
 New York - Apple (NASD: AAPL) has struck
a deal with China Unicom to begin selling its iPhone in China later this year, The Wall
Street Journal reported. The non-exclusive, three-year deal will see Apple sell
iPhones -- stripped of their Wi-Fi capabilities to please government
authorities -- to China Unicom, which will then resell them to customers,
offering an unspecified subsidy to lower the device's cost.
China to Appeal WTO Ruling on Foreign Media ImportsAuthored by Mark Hefflinger on August 18, 2009 - 10:55am.
Beijing - China is
preparing an appeal of a recent World Trade Organization ruling that found the
country is unfairly restricting the import of foreign intellectual property
like books and movies, the Associated Press reported.
WTO: China Unfairly Limiting Foreign Entertainment ImportsAuthored by Mark Hefflinger on August 12, 2009 - 8:17pm.
Hong Kong - China
has been found in violation of international free trade rules by the World
Trade Organization (WTO), which said it was unfairly limiting imports of
foreign intellectual property like movies and books, The New York Times
reported.
The Orchard Lands Chinese Mobile Deal; Largest Video DealAuthored by Mark Hefflinger on August 12, 2009 - 7:52pm.
New York
- The Orchard (NASD: ORCD), a digital distributor of independent music and video, has signed
a marketing and licensing pact with ZTEMT, a Chinese provider of mobile
infrastructure and services. Under the deal, The Orchard will power the English-language
sections of China Telecom's new iMusic service, and provide its top 100,000
songs. Separately, the company announced its largest digital video distribution
deal to date, with action sports production company Video Actions Sports. The
Orchard will sell VAS videos to Web and mobile services like iTunes and Hulu.
Tom Group to Bring Spotify Music Service to ChinaAuthored by Mark Hefflinger on August 12, 2009 - 12:34pm.
Shanghai - China's
Tom Group announced on Wednesday that it has partnered with Spotfiy, and will bring
the European ad-supported streaming music service to China, Reuters reported. The
localized Chinese version will be available both online and via mobile. Spotify
is also expected to launch its service in the U.S. in the coming months.
Discovery, Baidu Team on Chinese WebsiteAuthored by Mark Hefflinger on July 28, 2009 - 11:36am.
Silver Spring, Md. - Discovery Communications (NASD: DISCA) said on Tuesday that it
has partnered with Chinese search leader Baidu (NASD: BIDU) to launch a joint standalone
content site in China.
Discovery.baidu.com will offer customized and translated Discovery content for
the Chinese marketplace. Baidu will run the site, which will be ad-supported
with both companies sharing revenue from third-party ad sales.
China to Ban Online Games Deemed to Promote GangsAuthored by Mark Hefflinger on July 28, 2009 - 10:24am.
Beijing - China has
banned online games that glamorize gangs, with the country's Culture Ministry
saying that they "encourage people to deceive, loot and kill, and glorify
gangsters' lives," Reuters reported.
iPhone Maker Foxconn Compensates Family After SuicideAuthored by Mark Hefflinger on July 27, 2009 - 8:41am.
Shenzhen,
China - Apple (NASD: AAPL)
and one of its Asian manufacturing partners, Foxconn Technology, have issued
statements expressing sorrow for the death of a Foxconn employee who apparently
jumped to his death after being accused of leaking a prototype model of the
next iPhone, The New York Times reported.
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