Baidu (BIDU.NASDAQ) reported that profits doubled in the first quarter and increased its second-quarter forecasts based on strong advertising demand, Reuters reported. China’s leading search engine reported net income of US$163.5 million compared to US$70.4 million a year ago, beating analyst expectations. Total revenues reached US$372 million, up 88% year-on-year. The company also projected earnings […]
Category: Tech, Media & Telecom
Source: State Media
China unveiled plans for a new space station intended to rival the International Space Station currently in orbit, the UK Guardian reported, citing state media. The new station design is currently called the Tiangong-1, but the government is running contests encouraging citizens to suggest names and symbols for the craft. The announcement comes on the […]
Sohu has typically taken a quieter role in the gang of four that are China’s big internet portals; less flashy than upstart Tencent, and less cutting-edge than Sina and its much-hyped microblog, but bigger and more seasoned than NetEase, which despite its popular email service is basically the portal equivalent of a pimply adolescent. […]
China Mobile (CHL.NYSE, 0941.HK) posted a 5.4% profit increase in the first quarter, boosted by mobile games and internet music downloads, Bloomberg reported. The firm passed the 600 million subscriber mark in the first quarter after adding 3% more from the fourth quarter of last year, solidifying its position as the world’s largest carrier by subscriber […]