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Online Games Weekly - September 17, 2010

Fri, 17 Sep 2010 11:15:51 GMT

The China Report: Weekly Edition - Holiday Sales

Fri, 17 Sep 2010 11:08:35 GMT

Shanghai Jan-Aug Completed Res. GFA Down 31%YoY

Fri, 17 Sep 2010 09:37:35 GMT

Shanghai added a total of 6.23 million square meters of completed residential property in the first eight months of 2010, down 31.4% year-on-year, while residential property sales during the period shrank 46.7% year-on-year to 10.69 million square meters, according to data released by the Shanghai Statistics...

CPIC: Premiums by Aug Up 45.9% YoY

Fri, 17 Sep 2010 09:23:01 GMT

China Pacific Insurance (Group) (CPIC) (2601.HK, 601601.SH) recorded gross written premiums of RMB 99.8 billion in the first eight months of the year, representing an increase of 45.9% compared to the same period last year, caijing.com reported September 15. The accumulated gross premium income...

Vid Site Tudou.com Hires Deloitte, Morgan Stanley for IPO

Fri, 17 Sep 2010 09:20:44 GMT

Domestic online video site Tudou.com has recruited Deloitte to audit and Morgan Stanley (NYSE:MS) to underwrite its initial public offering (IPO) on an undisclosed stock market, Sina reported September 15 citing an unnamed investment industry source. Its IPO timetable is still unclear, with some...

Rumor: Developers Need Shanghai City Permission for Pre-Sales

Fri, 17 Sep 2010 09:15:54 GMT

Developers of Shanghai-based real estate projects have to seek permission to start presales from municipal-level housing authorities rather than district authorities for new projects priced at more than RMB 30,000 per square meter, Oriental Morning Post reported September 15 citing an unnamed employee...

Hang Seng Index Climbs with Broad Sector Rally

Fri, 17 Sep 2010 09:00:24 GMT

The Hang Seng Index climbed 1.29% to close at 21,970.86 on Friday, September 17, 2010, in main board trading turnover of HK$78.85 billion. The Hang Seng China Enterprises Index improved 1.41% to close at 12,171.19. Electronics and technology stocks led gains Friday, with BYD Company (1211.HK) hiking...

A-Shares Flat; Pharmas Rebound

Fri, 17 Sep 2010 09:00:23 GMT

The Shanghai Composite Index dipped 0.15% to close at 2,598.69, while the Shenzhen Composite Index edged up 0.05% to end at 1,157.12 on Friday, September 17. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 8.32 billion and 5.87 billion, respectively. Breweries and distillers closed...

CIP Subsidiaries Win Majority of West China PV Bids

Thu, 16 Sep 2010 10:18:40 GMT

Subsidiaries of China Power Investment Corporation (CPI) won seven of 13 photovoltaic project contracts in northern and western Chinese regions up for tender, with winning bids ranging from RMB 0.7288 per kilowatt hour (kWh) to RMB 0.9907/kWh, caijing.com.cn reported September 14. According to the report,...

Real Estate Weekly - September 16, 2010

Thu, 16 Sep 2010 10:16:35 GMT

PBoC Siphons RMB 38b from Money Markets

Thu, 16 Sep 2010 09:37:55 GMT

The People's Bank of China (PBoC) withdrew a net of RMB 38 billion from money markets in its regular open market operations this week, yicai.com reported September 16. The central bank sold three-month bills worth a total of RMB 14 billion at a rate of 1.5704% on Thursday, September 16, according...

NetDragon Releases "Eudemons" Version

Thu, 16 Sep 2010 09:11:58 GMT

Fuzhou-based online game company NetDragon (0777.HK) released a "BOSS" version of its 3D MMORPG Eudemons Online on September 15 featuring new maps, more powerful monsters and a new player leveling system, 17173.com reported on September 15. The company is offering virtual gift packages...

ConnGame's "Zhan Guo" to Launch in Q4

Thu, 16 Sep 2010 09:04:00 GMT

China Architectural Engineering (CAE) (Nasdaq:CAEI) announced that it will officially launch Zhan Guo Online, a MMORPG by its newly acquired game subsidiary Shanghai ConnGame Network, in the fourth quarter of 2010, Sina reported on September 15. The game has completed two rounds of alpha...

A Shares Extend Losses; Banks Dive Further on Rumors

Thu, 16 Sep 2010 09:00:41 GMT

The Shanghai Composite Index slumped 1.89% to close at 2,583.34, while the Shenzhen Composite Index tumbled 2.18% to end at 1,156.51 on Thursday, September 16. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 11.90 billion and 7.76 billion, respectively. Institutional investors are...

HSI Weighed by Banks, Insurance

Thu, 16 Sep 2010 09:00:02 GMT

The Hang Seng Index fell 0.16% to close at 21,691.45 on September 16, 2010, in main board trading turnover of HK$69.39 billion. The Hang Seng China Enterprises Index fell 0.72% to close at 12,001.41. Mainland�based banks extended

Shanda Games Licenses "FF14"

Thu, 16 Sep 2010 08:48:02 GMT

Shanda Interactive (Nasdaq:SNDA) game subsidiary Shanda Games (Nasdaq:GAME) has licensed Final Fantasy XIV, the latest MMORPG in the Final Fantasy series developed by Japan's Square Enix (9684.TYO), for operation in mainland China, 163.com reported September 16. An...

Vid Site Ku6 to Offer Paid Videos

Thu, 16 Sep 2010 08:27:30 GMT

Online video site Ku6 Media (Nasdaq:KUTV) plans to charge for some video programs, mostly European and American films, starting late October or early November of this year, 163.com reported on September 14 citing company CEO Li Shanyou. The site will use the payment channels of its shareholder...

Vid Sites Youku and PPS Plan Respective IPOs

Thu, 16 Sep 2010 08:03:05 GMT

Domestic online video site Youku.com plans to submit filing for an initial public offering (IPO) on the Nasdaq and before the end of November 2010, Techweb.com.cn reported on September 15 citing an unnamed source familiar with venture capital. The site has hired JP Morgan and Goldman Sachs to underwrite...

Baidu Tests Real-Name SNS Product

Thu, 16 Sep 2010 07:59:56 GMT

Baidu (Nasdaq:BIDU) has started inviting users to test a social networking product named "Baidu Shuoba" at t.baidu.com, Ccidnet.com reported September 16. The product is similar to other domestic Twitter-like microblogging services in that users can follow and interact with friends through short...

CDC, Foshan District Form RMB 600m High-Tech Fund

Wed, 15 Sep 2010 09:41:24 GMT

CDC Corporation (Nasdaq:CHINA) has signed a memorandum of understanding with Nanhai District government in Foshan, Guangdong Province to set up a joint RMB 600 million fund targeting high-tech and new media enterprises, the company announced September 10. The fund will prioritize investment in...

NDRC Calls for Accelerated Stimulus Projects

Wed, 15 Sep 2010 09:18:40 GMT

China's National Development and Reform Commission (NDRC) has called on local governments to ensure central government investment projects aimed at stimulating domestic demand are carried out, highlighting 442 projects left unstarted, 21 Century Business Herald reported September 14. The unstarted projects...

Suning Signs RMB 36b in Procurement Contracts

Wed, 15 Sep 2010 09:12:15 GMT

Home appliance and electronics retailer Suning (002024.SZ) has signed procurement contracts worth a total of RMB 36 billion with over a hundred manufacturers, reported caijing.com.cn on September 13. Of the total orders, 30% are for bargain-priced products, while 25% are for products manufactured...

H-Shares Up, Big-caps Sluggish

Wed, 15 Sep 2010 09:00:37 GMT

The Hang Seng Index edged up 0.14% to close at 21,725.64 on Wednesday, September 15, 2010, in main board trading turnover of HK$65.55 billion. The Hang Seng China Enterprises Index declined 0.39% to close at 12,088.3. Mainland-based big-cap banks retreated today, with China Merchants Bank (3968.HK,...

A Shares Fall; Banks and Developers Weigh

Wed, 15 Sep 2010 09:00:29 GMT

The Shanghai Composite Index decreased 1.34% to close at 2,652.50, while the Shenzhen Composite Index tumbled 2.1% to end at 1,182.23 on Wednesday, September 15. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 12.20 billion and 8.09 billion, respectively. Real estate companies weighed....

Update: Ismole Completes $4m Series-A Funding

Wed, 15 Sep 2010 08:42:17 GMT

Beijing-based social networking game company Ismole Inc. has completed first round financing worth $4 million from US venture capital firm SIG, Sina reported September 13. Earlier reports said the company obtained millions of dollars in funding from SIG.

China Life 8Mth Premiums Top RMB 227.4 b

Wed, 15 Sep 2010 08:38:19 GMT

China Life Insurance (NYSE:LFC, 2628.HK, 601628.SH) recorded RMB 227.4 billion in aggregate premium income for the eight month period ending August 31, 2010, according to a company statement issued September 14. The company

Tencent Releases New-Look WebQQ

Wed, 15 Sep 2010 07:03:39 GMT

Tencent (0700.HK) started public testing of the latest version of its web-based instant messaging service QQ at web2.qq.com from September 13, following more than two months of internal testing, Sina reported September 14. The new version consolidates nearly all of Tencent's products and services...

Tencent to Launch Microblogging Open Platform

Wed, 15 Sep 2010 06:57:58 GMT

Tencent (0700.HK) plans to launch an open platform for its Twitter-like microblogging service this week, Techweb.com.cn reported on September 14 citing an unnamed source. The company is working on opening the Application Programming Interface (API) for the service, the report said citing early...

AirMedia, VisionChina Join CCTV Ad Promo

Wed, 15 Sep 2010 06:50:24 GMT

Out-of-home advertising network operator AirMedia Group (Nasdaq:AMCN) and China Central Television (CCTV) have agreed to conduct joint promotions during the annual CCTV Prime Time Advertising Auction (September 13-November 8) media advertising sales event, AirMedia announced September 13. CCTV...

Ping An 8Mth Premiums Up 31% YoY

Tue, 14 Sep 2010 09:08:00 GMT

Ping An Insurance (Group) (2318.HK, 601318.SH) recorded total premium income of RMB 155.75 billion in the first eight months of 2010, up 31.02% year-on-year, Aastock.com reported September 14. Ping An subsidiaries Ping An Life Insurance and Ping An Property & Casualty Insurance, recorded respective...

A-Shares Flat; Energy Cos Strengthen

Tue, 14 Sep 2010 09:00:11 GMT

The Shanghai Composite Index added 0.01% to close at 2,688.52, while the Shenzhen Composite Index increased 0.12% to end at 1,207.64 on Tuesday, September 14. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 12.07 billion and 8.35 billion, respectively. The yuan hit fresh highs of...

H-Shares: Banks, Property, Construction Strengthen

Tue, 14 Sep 2010 09:00:05 GMT

The Hang Seng Index edged up 0.17% to close at 21,696.04 on Tuesday, September 14, 2010, in main board trading turnover of HK$67.56 billion. The Hang Seng China Enterprises Index gained 0.39% to close at 12,135.51. Big-cap banks continued to lift the index, with ICBC (1398.HK, 601398.SH) surging...

Other Headlines

Mon, 13 Sep 2010 17:00:17 GMT

Kylin Game Records 620,000 PCU for "Genghis Khan 2" via qq.com (in Chinese) Perfect World to Release "Hot Dance Party II" New Expansion via 17173.com (in Chinese)...

The China Report: Macro Monthly

Mon, 13 Sep 2010 11:37:23 GMT

Baidu (BIDU) Data Weekly - September 13, 2010

Mon, 13 Sep 2010 09:56:40 GMT

Travelers Expected to Top 200m in Upcoming Holidays

Mon, 13 Sep 2010 09:35:26 GMT

The number of Chinese nationals expected be traveling internally is expected to reach more than 200 million during the upcoming Mid-Autumn Day (September 22-24) and National Day Holiday (October 1-7), up 13% compared to the same period last year, while outbound travelers are expected to reach 6 million,...

KongZhong Denies Rumor of Staff Cuts

Mon, 13 Sep 2010 09:17:51 GMT

Wireless value-added service provider KongZhong Corporation (Nasdaq:KONG) denied domestic media reports that it laid off a large number of employees, claiming that it has reduced the number of employee by 5% as part of normal business adjustments, Sohu reported September 10 citing a company statement...

China Aug New Loans Flat MoM, Deposits Soar

Mon, 13 Sep 2010 09:10:22 GMT

Chinese lenders issued an aggregate of RMB 545.2 billion in new RMB-denominated loans in August, an increase of RMB 134.8 billion compared with August last year, the People's Bank of China announced September 11. By the end of August, the country's balance of outstanding loans stood at RMB 45.68 trillion,...

August CPI Climbs to 3.5%; PPI Growth Eases

Mon, 13 Sep 2010 09:09:12 GMT

China's consumer price index (CPI) rose 3.5% year-on-year in August 2010, with food prices over the month up 7.5% compared with in August last year, according to data released September 11 by the National Bureau of Statistics (NBS). The country's producer price index (PPI) for August climbed 4.3%...

Source: CBRC Plans New Capital Reqs for 2011

Mon, 13 Sep 2010 09:03:59 GMT

China Banking Regulatory Commission (CBRC) plans to set new minimum levels for key banking measures and introduce new performance measures in 2011, China Business News reported on September 13 citing an unnamed source close to the regulator. Banks will have to ensure capital adequacy ratio (CAR) of 10%...

A-Shares Expand; Pharma, Homebuilders, Agri Lead Rally

Mon, 13 Sep 2010 09:00:51 GMT

The Shanghai Composite Index added 0.94% to close at 2, 688.32, while the Shenzhen Composite Index hiked 1.58% to end at 1,206.21 on Monday, September 11. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 11.79 billion and 8.09 billion, respectively. Guangzhou Pharmaceutical Company...

Finance, Energy Drive Hang Seng Index Higher

Mon, 13 Sep 2010 09:00:29 GMT

The Hang Seng Index climbed 1.89% to close at 21,658.35 on Monday, September 13, 2010, in main board trading turnover of HK$80.05 billion. The Hang Seng China Enterprises Index surged 2.13% to close at 12,088.51. Banking and financial stocks gained, with China Merchants Bank (3968.HK, 600036.SH),...

Xunlei Weekly Game Download Ranking � 9/12

Mon, 13 Sep 2010 03:23:25 GMT

Shenzhen-based download software provider Xunlei released an updated online game ranking based on client-end downloads from Xunlei's site gougou.com on September 13. The top ten online games for the week ending September 12 were: 1. QQ Dance (Horizon 3D, Tencent (0700.HK)) 2. QQ Speed (Tencent) 3....

The China Report: Weekly Edition - Steel Policy and Auto Capacity

Fri, 10 Sep 2010 14:51:36 GMT

Online Games Weekly - September 10, 2010

Fri, 10 Sep 2010 11:29:49 GMT

CIRC: Insurers' Capital Hits RMB 800b in H1

Fri, 10 Sep 2010 09:47:37 GMT

In the first half of 2010, Chinese insurers had available capital of RMB 800 billion, up 33.6% compared with the same period of last year, China Securities Journal reported September 10 quoting China Insurance Regulatory Commission Vice Chairman Wei Yingning. China's insurers will expand into other financial...

China August Trade Surplus Drops 30.4% MoM

Fri, 10 Sep 2010 09:16:42 GMT

China recorded a trade surplus of $20.03 billion in August, down 30.4% from July, as exports rose 34.4% year-on-year to $139.3 billion and imports expanded 35.2% year-on-year to $119.27 billion, according to data released September 10 by the General Administration of Customs. The combined value of China's...

CBRC Sets New Net Capital Requirements for Trusts

Fri, 10 Sep 2010 09:06:57 GMT

China Banking Regulatory Commission (CBRC) has issued stipulations that trust companies must hold net capital at least equal to the total value of the company's capital-at-risk and no lower than 40% of its total net assets, with a minimum absolute net capital balance of RMB 200 million, according to...

A-Shares Edge Up, Pharma, Chemical Cos Strong

Fri, 10 Sep 2010 09:00:52 GMT

The Shanghai Composite Index edged up 0.26% to close at 2, 663.21, while the Shenzhen Composite Index improved 0.71% to end at 1, 187.44 on Friday, September 10. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 11.3 billion and 8.18 billion, respectively. Pharmaceutical and healthcare...

HSI Climbs on Positive Pharma Stocks

Fri, 10 Sep 2010 09:00:42 GMT

The Hang Seng Index increased 0.43% to close at 21,257.39 on September 10, 2010, in main board trading turnover of HK$65.95 billion. The Hang Seng China Enterprises Index rose 0.05% to close at 11,835.93. Pharmaceutical companies expanded, with Dawnrays Pharmaceuticals (2348.HK), Jiwa Bio-Pharm Holdings...

The China Report: Export Survey

Fri, 10 Sep 2010 08:42:10 GMT

The China Report: Agricultural Commodities September Update

Thu, 09 Sep 2010 11:22:56 GMT

Shanda Q2 Profits Decline to RMB 213.4m

Thu, 09 Sep 2010 09:22:57 GMT

Shanda Interactive Entertainment (Nasdaq:SNDA) reported net income attributable to shareholders of RMB 168.8 million in the second quarter of 2010, compared with RMB 229.6 million in the previous quarter and RMB 426.9 million in the same period of last year, the company announced on September...

Focus Media Chairman Sells Stake

Thu, 09 Sep 2010 09:19:17 GMT

Focus Media (Nasdaq:FMCN) Chairman and CEO Jason Jiang is selling 8.1 million American depository shares (ADS) in the out-of-home advertiser through his wholly owned company JJ Media, according to a Focus Media announcement on September 7. The company reported in an SEC filing that it had...

Vid Site Youku to Show English Soccer Games

Thu, 09 Sep 2010 09:09:42 GMT

Domestic online video site Youku.com has secured the rights to offer live broadcasts of all 2010-2011 soccer matches in the English Premier League, the company announced September 9. Youku has launched a Premier League homepage (http://sports.youku.com/2010yingchao) for the season, featuring live feeds...

A-Shares Dive; Steel Cos Retreat

Thu, 09 Sep 2010 09:00:54 GMT

The Shanghai Composite Index decreased 1.44% to close at 2,656.35, while the Shenzhen Composite Index lost 1.37% to end at 1,179.13 on Thursday, September 9. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 13.3 billion and 9.53 billion, respectively. City commercial banks and joint-stock...

HSI Climbs with Buoyant Airlines; Banks Mixed

Thu, 09 Sep 2010 09:00:04 GMT

The Hang Seng Index climbed 0.37% to close at 21,167.27, on Thursday, September 9, 2010, in main board trading turnover of HK$61.86 billion. The Hang Seng China Enterprises Index added 0.46%. Airliners gained today with Cathay Pacific (0293.HK) gaining 3.69%, Air China (0753.HK, 601111.SH) increasing...

Real Estate Weekly - September 9, 2010

Thu, 09 Sep 2010 08:59:55 GMT

China Media Express Expands Hunan, Jiangxi Ops

Thu, 09 Sep 2010 08:47:39 GMT

Television advertising operator China MediaExpress Holdings (Nasdaq:CCME) announced that it has signed a five-year exclusive contract to operate television screens on express bus routes originating from Hunan provincial capital Changsha's Huanhua International Airport, the company announced on...

Comtec to Ship 650MW Wafers in 2011

Thu, 09 Sep 2010 08:18:21 GMT

Comtec Solar (0712.HK) has signed 200MW in new wafer supply agreements for 2011, bringing its expected shipments next year to 650MW, the company reported September 9. Comtec has agreed on consignments of 50MW of monocrystalline wafers to each of GinTech Energy Corporation (3514.TW), Jetion...

Tencent Slates New "Punch Master" Alpha for 9/9

Wed, 08 Sep 2010 10:47:42 GMT

Tencent (0700.HK) plans to start a new round of alpha testing of its licensed 3D side-scrolling casual game Punch Monster ("QQ Xian Jing") on September 9, by making the Korean open beta version available for play in China, qq.com reported September 8. The latest testing version will include...

NetEase Puts Face to "Tian Xia II", Slates Next Expansion for 9/28

Wed, 08 Sep 2010 10:41:50 GMT

NetEase (Nasdaq:NTES) has signed celebrity Han Geng to endorse its in-house developed 3D MMORPG Tian Xia II and plans to release "Huan Long Jue," the third expansion this year for the game, on September 28, according to a posting on the game's official site on September 8. The expansion...

Dongxiang Merges Distributor JVs

Wed, 08 Sep 2010 10:23:28 GMT

Beijing-based sports brand China Dongxiang (3818.HK) and a number of its distribution joint venture partners have agreed to merge their respective JVs into a single distribution union to be named Han Bo Jia Ye, Dongxiang announced September 8. Dongxiang, which owns a 30% stake in each of the Hangzhou,...

Agile August Sales Grew 25% MoM

Wed, 08 Sep 2010 10:15:19 GMT

Guangdong-based Agile Property Holdings (3383.HK) made contract sales in August of roughly RMB 2 billion, up 25% month-on-month, guandian.cn reports September 7. Agile's sales under contract for the first eight months of 2010 came to RMB 14.1 billion, or 1.41 million square meters, up 33% and...

Report: CBRC to Raise Bad Loan Coverage Req

Wed, 08 Sep 2010 10:03:20 GMT

The China Banking Regulatory Commission (CBRC) is considering amending loan loss provision requirements for commercial banks, China Securities reported September 7 citing a source from an unspecified joint-stock bank. The regulator aims to set the minimum required level of loan loss provisions at 2.5%...

Rural Appliances Sales Top RMB 100b by Aug

Wed, 08 Sep 2010 09:30:17 GMT

China's "appliances to the countryside" program, which offers rural consumers subsidies for purchases of home appliances, generated revenues RMB 100.09 billion from the sale of 46.36 million household appliances in the first eight months of this year, according to statistics released by the Ministry...

Yum! to Open 1st Pizza Hut in Lanzhou, Gansu

Wed, 08 Sep 2010 09:24:09 GMT

Yum! Brands (NYSE:YUM) signed an agreement with the Lanzhou Bureau of Commerce in western China's Gansu Province to open the first Pizza Hut in the city, Lanzhou Morning Post reported September 8. Yum! plans to invest RMB 50 million in Lanzhou and open 5 to 6 KFC restaurants in the city over...

Intime Online Mall Wins RMB100m 1st Round Financing

Wed, 08 Sep 2010 09:22:43 GMT

Hangzhou-based Intime Department Store (1833.HK) has received over RMB 100 million in first-round financing for its B2C online shopping mall at yintai.com, Sohu reported citing yintai.com CEO Liao Bin on September 7. The site's sales are expected to reach RMB 1 billion in 2011 and exceed RMB 3...

Tencent Slates New "Punch Master" Alpha for 9/9

Wed, 08 Sep 2010 09:10:39 GMT

Gome Holiday Season Procurement Bill Hits RMB 30b

Wed, 08 Sep 2010 09:02:07 GMT

Home appliances and electronics retailer Gome (0493.HK) has put in orders with home appliances manufacturers for RMB 30 billion worth of goods in preparation for the Mid-Autumn Festival (at the end of September this year) and the early October National Day holidays, qq.com reports. Gome

Mainland Markets Mixed; Potash, Natural Gas Up, Banks Slump

Wed, 08 Sep 2010 09:00:46 GMT

The Shanghai Composite Index lost 0.11% to close at 2,695.29, while the Shenzhen Composite Index climbed 0.75% to end at 1,195.48 on Wednesday, September 8. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 11.35 billion and 8.00 billion, respectively. Domestic potash producers extended...

H-Shares Slump in Heavy Trade

Wed, 08 Sep 2010 09:00:21 GMT

The Hang Seng Index declined 1.46% to close at 21,088.86 on Wednesday, September 8, in main board trading turnover of HK$118.81 billion. The Hang Seng China Enterprises Index lost 1.5% to close at 11.776.72. Industrial and Commercial Bank of China (1398.HK, 601398.SH) fell 1.2%, Bank of China (3988.HK,...

Vid Site Ku6 Licenses Warner Bros Programs

Wed, 08 Sep 2010 08:50:52 GMT

Online video site Ku6 Media (Nasdaq:KUTV) has secured the Chinese online broadcasting rights for a number of European and American movies and TV programs in a copyright agreement with TimeWarner (NYSE:TWX) subsidiary Warner Bros. International Branded Services, qq.com reported September...

Suning Signs With Property Co for Store Expansion

Wed, 08 Sep 2010 08:34:40 GMT

Home appliance and electronics retailer Suning (002024.SZ) has signed an agreement with real estate developer Mingfa Group (0846.HK) under which Suning will lease stores in each commercial project developed by Mingfa Group, Aastock.cn reports. Suning acquired a commercial-use land parcel...

CIECC Forms Criteria for Group Shopping Sites

Wed, 08 Sep 2010 06:51:29 GMT

China's Ministry of Commerce affiliated China International Electronic Commerce Center (CIECC) has formulated the country's first certification and rating criteria for group shopping sites in order to regulate the sector, Beijing Business Today reported on September 8. CIECC will grant a "Tuan Xing Tong"...

Solar Monthly - September 7, 2010

Tue, 07 Sep 2010 11:25:02 GMT

MOFCOM Outlines Import-Boosting Plans

Tue, 07 Sep 2010 09:48:39 GMT

China will introduce eight measures to promote greater volumes and better quality of imports in future, Chong Quan, Deputy International Trade Representative for the Ministry of Commerce (MOFCOM), said at the China 2010 Imports and Exports Forum on September 6, Sina reports. The agency aims to increase...

Longfor August Sales Climb 34% MoM

Tue, 07 Sep 2010 09:48:21 GMT

Chongqing-based real estate developer Longfor Properties (0960.HK) recorded contract sales of RMB 2.6 billion in August, up 34% from the July, guandian.cn reported September 7. Longfor secured contract sales worth RMB 15.03 billion in the eight months ending August 31, representing a year-on-year...

Poly August Sales Hit RMB 6.84b

Tue, 07 Sep 2010 09:48:13 GMT

Guangzhou-based Poly Real Estate Group (600048.SH) recorded contract sales of 833,100 square meters of property for RMB 6.84 billion in August 2010, the company announced September 7. For the first eight months of the year, Poly's contracted sales area rose 16.42% year-on-year to 3.95 million...

Wangfujing Department Store to Release Sub-brand "hQ"

Tue, 07 Sep 2010 09:47:06 GMT

Beijing Wangfujing Department Store (Group) (600859.SH) is launching a sub-brand "hQ" with a 45,000 square-meter store in Beijing on September 16, reports Beijing Morning Post on September 7. The company targets consumers ages 18 to 35 with hQ, according to the report. Wangfujin has opened...

VODone Buys 70% Stake in 2 Mobile Cos

Tue, 07 Sep 2010 09:14:54 GMT

Online video and advertising company VODone (0082.HK) will invest RMB 78.4 million for a 70% stake in a joint venture comprising all assets held by mobile communications companies Shenzhen Tastech Electronics and Hong Kong-based Brightway Technology, VODone announced on September 6. VODone...

A-Share Indices Edge Up; Cement, Agri Cos Soar

Tue, 07 Sep 2010 09:00:44 GMT

The Shanghai Composite Index increased 0.08% to close at 2,698.36, while the Shenzhen Composite Index climbed 0.69% to end at 1,186.52 on Tuesday, September 7. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 11.22 billion and 7.62 billion, respectively. Jiangxi Wannianqing Cement...

Hang Seng Flat as Financials Weigh on Property Advance

Tue, 07 Sep 2010 09:00:24 GMT

The Hang Seng Index gained 0.22% to close at 21,401.79 on Tuesday, September 7, in main board trading turnover of HK$58.21 billion. The Hang Seng China Enterprises Index dipped 0.04% to 11,956.23. Resources stocks provided upside strength, with Maanshan Iron (0323.HK, 600808.SH) hiking 5.69%, Angang...

Giant to Test New Game

Tue, 07 Sep 2010 08:22:22 GMT

Giant Interactive (NYSE:GA) plans to start first-round technical testing of a new game referred to as "JR01 Project" on September 10, qq.com reported September 6. The company has started issuing activation codes and allowing client-end downloading, the report said.

PPTV Raises Final-round Financing Before IPO

Tue, 07 Sep 2010 08:15:01 GMT

Shanghai-based peer-to-peer streaming media provider PPLive's online TV platform PPTV is raising a final round of financing, expected to reach $10 million, before the platform makes an initial public offering (IPO), qq.com reported September 6 citing company CEO Vincent Tao. The platform, which has...

Intime Founder Sells 5% Stake in Hangzhou Baida Group

Mon, 06 Sep 2010 10:13:52 GMT

Intime (1833.HK) founder Shen Guojun sold a 5% stake in Hangzhou Baida Group (600865.SH) for around RMB 200 million, reported China Securities Journal on September 15. Following the completion of the transaction, Shen's stake in the Group will be 10%, said the report. Shen has sold 14.66%...

NDRC Calls for Checks on Auto Industry Expansion

Mon, 06 Sep 2010 10:05:02 GMT

The rapid expansion of domestic automobile industry propelled by local governments risks overcapacity and must be checked, said Chen Bin, director of the National Development and Reform Commission's Industry Coordination Department during the 2010 China Automobile Industry Development Forum, Shanghai...

State Council OKs 10 Cities' Urban Development Plans

Mon, 06 Sep 2010 09:54:01 GMT

The State Council has approved land use and development plans drawn up by local governments in 10 cities, including Zhejiang provincial capital Hangzhou, Hubei provincial seat Wuhan and Henan capital Zhengzhou, according to a posting on the government's official site. To date, the government has received...

Baidu (BIDU) Data Weekly - September 6, 2010

Mon, 06 Sep 2010 09:19:19 GMT

CIRC Eases Insurer Property, Equity Investment Regs

Mon, 06 Sep 2010 09:15:37 GMT

China Insurance Regulatory Commission (CIRC) will allow insurance companies to invest up to 10% of their total assets in commercial-use property development projects under temporary rules published on the regulator's website on September 5. In a separate announcement on the same date, CIRC issued a notice...

HSI Gains; Banks, Logistics and Mining Up

Mon, 06 Sep 2010 09:00:38 GMT

The Hang Seng Index gained 1.83% to close at 21,355.77 on Monday, September 6, in main board trading turnover of HK$72.65 billion. The Hang Seng China Enterprises Index increased 1.64% to end at 11,960.57. Bank of China Hong Kong (2388.HK) gained 3.47%, Bank of China (3988.HK, 601988.SH) gained 2.27%...

Shanghai Market Up on Steelmakers, Miners

Mon, 06 Sep 2010 09:00:06 GMT

The Shanghai Composite Index jumped 1.54% to close at 2,696.25, while the Shenzhen Composite Index climbed 0.01% to end at 1,178.35 on Monday, September 6. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 14.42 billion and 9.32 billion, respectively. Lingyuan Iron & Steel (600231.SH)...

Tencent's QQ Game Requests Real-name Registration

Mon, 06 Sep 2010 08:26:54 GMT

Tencent's (0700.HK) instant messaging service QQ has started using popup real-name registration windows for players of its games from the beginning of September, offering virtual gifts to players who register with authentic identity card numbers, Orient Morning Post reported September 6. Players...

Perfect World "Forsaken World" Limited OB to Start 9/16

Mon, 06 Sep 2010 08:10:23 GMT

Perfect World (Nasdaq:PWRD) plans to start a limited round of open beta testing of its in-house developed 3D fantasy MMORPG Forsaken World on September 16, e-mailing invitations to closed beta testing participants within the game, according to a posting on the game's official site on September...

The9's Red 5 Studios Unveils New Game

Mon, 06 Sep 2010 07:13:58 GMT

The9 (Nasdaq:NCTY) controlled US-based online game developer Red 5 Studios unveiled its first product Firefall during the Penny Arcade Expo on September 3, saying that it expects the multiplayer action shooter to start testing at the beginning of 2011, Sohu reported September 6.

Sina Exec Says Microblog Spin-Off Simply "Rumor"

Mon, 06 Sep 2010 06:55:40 GMT

An unnamed Sina (Nasdaq:SINA) senior executive has denied media reports that the company is planning to spin off its Twitter-like microblogging service for independent operation, Techweb.com.cn reported September 3. Reports...

Xunlei Weekly Game Download Ranking � 9/5

Mon, 06 Sep 2010 06:17:14 GMT

Shenzhen-based download software provider Xunlei released an updated online game ranking based on client-end downloads from Xunlei's site gougou.com on September 6. The top ten online games for the week ending September 5 were: 1. QQ Dance (Horizon 3D, Tencent (0700.HK)) 2. QQ Speed (Tencent) 3. CrossFire...

The9 to Release "WoF" Expansion

Sun, 05 Sep 2010 09:48:59 GMT

The9 (Nasdaq:NCTY) plans to release "Ji Xie Zhi Cheng," a new expansion pack of its in-house developed 2D Three Kingdoms-themed fighting casual game World of Fight, on September 16, according to a posting on the game's official site on September 14. The expansion features new tasks, new...

The China Report: Weekly Edition - Real Estate

Fri, 03 Sep 2010 12:29:45 GMT