Tag: china

Tencent is No. 10

Chinese social network operator Tencent Holdings rose to the 10th place on the Stock Exchange of Hong Kong on Dec. 14.

The company, which runs China's no. 1 instant-messenger service, was hardly known just five years ago. It listed in Hong Kong in June 2004. Now, thanks to a rally over the past three months that has buoyed its market capitalization up to more than HK$290 billion ($37.42

Cash-rich Alibaba benefits from crisis, looks to expand

Cash-rich Alibaba benefits from crisis, looks to expand

By Don Gasper

China’s e-commerce giant Alibaba.com plans to increase its investments this year, fortified by a substantial war chest, a fast-expanding base of paying subscribers and a new pay-for-performance advertising product.

As revenue increased by 19 percent year-on-year in the first quarter of 2009, the company said in May that it felt it was actually benefitin

You liked Alibaba? Try Aladdin

China’s Internet entrepreneurs seem to have a predilection for exotic Middle Eastern names.

They chose “Alibaba” for the successful e-commerce platform of that name. Now Baidu has come up with another name from the Thousand and One Nights. It has launched “Project Aladdin,” an initiative aimed at making searches more comprehensive by uncovering useful pa

Tencent profit almost doubles

First-quarter profit of Chinese Internet portal Tencent Holdings nearly doubled to RMB1.04 billion ($1.5 billion U.S.) from RMB534 million for the same period last year.

However, the growth of online advertising was only sluggish at the firm, which operates the mainland’s leading instant-messaging service under the brand QQ as well as various online games.


Chinese recruiters face uphill challenge

Chinese recruiters face uphill challenge

China’s leading job board, 51job, says conditions for recruiters were tough in the last quarter, due to the economic downturn. Nevertheless, it believes it is in a strong position to cope with what it predicts will be a difficult year for human resources in 2009.

"As we expected, market demand for recruitment services in the first quarter was significantly impacted by the glob

CareerBuilder to help Chinese firms ‘go global’

CareerBuilder to help Chinese firms ‘go global’

By Don Gasper

As the economic crisis continues in North America and elsewhere, enterprising firms are turning to China, in hope of tapping into its continuing growth. CareerBuilder has taken an extra step in a joint venture that helps Chinese companies tap international talent.

On March 31, CareerBuilder and Shanghai-based Vansun Technology Industrial Co. establis

China online ad spend half of U.S., but growing fast

China may have the world’s largest number of Internet users, but you wouldn’t know that from the amount marketers in the country spend on online advertising - less than 5 percent of their ad budgets, half of what their counterparts in the U.S. spend. The data comes from Nielsen.

The flip side: online ad spending is growing

China’s online advertising still booming despite economy

By Don Gasper

Despite gloom and doom elsewhere, China’s major online advertising companies seem to be in good health and confident about future business. So far they show no sign of being affected by the financial tsunami that has hit most countries and which is also slowing China’s economic growth.

While advertising is being hit elsewhere, participants at the rec

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