KongZhon WN Flange g aims at online game market
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KongZhong aims at online game marketPublished: 16 Dec 2009 11:02:01 PST

By Chen Yang

KongZhong Corporation, a NASDAQ-listed Chinese mobile Internet company, announced Tuesday night that it will seek a share of the booming online games industry through a buyout of Chinese online game developer Shanghai Dacheng Network Technology.

KongZhong will pay Dacheng’s shareholders cash and stock worth up to $80 million, depending on Dacheng’s net profits after tax in 2010.

KongZhong will pay 37.58 percent with cash and 62.42 percent with its own shares. The transaction is expected to be closed in the first quarter of 2010, the announcement said.

Currently KongZhong’s business focuses on wireless value-added services, wireless Internet sites and mobile games.

The company reported a total revenue of $35.1 million in the third quarter of the year, including $8.2 million from mobile games, a 246 percent increase year-on-year.

Dacheng developed 3D online games including World of Kungfu and Loong, which have sold well in the global game market, including in the US, Japan, Singapore and Malaysia.

”By combining our leading mobile game business with Dacheng’s self-developed 3D game engine and game development skills, the post-acquisition company is poised to become a leading multi-platform digital entertainment and gaming company with a focus on China’s 3D and mobile game market,” KongZhong CFO Zhang Fuxing was quoted as saying in the press release.

”By joining forces with KongZhong, we believe we will be able

to more rapidly build up a robust portfolio of 3D MMORPGs (Massively Multi-player Online Role-playing Games) and to further extend KongZhong’s leadership in the Chinese mobile game sector,” Yang Zhen, CEO and founder of Dacheng, was quoted as saying in the press release.

KongZhong acquired Simlife International, a Xiamen-based mobile games developer, in June. ”After the acquisition of Dacheng, we will cooperate to develop multi-platform games, which can be played both on the Internet and mobile phones, and will release some products as soon as 2010,” said Zhang Yingnan, a KongZhong spokeswoman.

Zhang said KongZhong would also share the profits of Dacheng’s current business, including its cooperation with Shanda Games, one of China’s largest online games operators, which is also listed on the NASDAQ exchange.

”KongZhong will enter the online games business and become the first to integrate online games on multi-platforms, which will bring large profits to the company in the coming 3G era,” said Liu Liang, an analyst at iResearch.

China’s online games market will experience an annual 20 percent growth between 2010 and 2012, and the total revenue of the country’s online game market is expected to reach 68.6 billion yuan ($10 billion), according to an iResearch report released last month.

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City Int pneumatic cylinders roduction of Fujian, China: Sanming
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City Introduction of Fujian, China: SanmingPublished: 10 Apr 2009 15:18:11 PST

Major Economic Indicators (2007)

Land Area

22,930 km2

Population

2.6 million

GDP

RMB 55.1 billion (US$7.3 billion), 15.4% up

GDP Composition

Primary Industry (Agriculture)

22.7%

Secondary Industry

(Industry&Construction)

42.8%

Tertiary Industry(Service)

34.5%

GDP Per Capita

RMB 20,963 (US$2,787), 15.8% up

Unemployment Rate

4.3%

Fixed Asset Investment

RMB 36.3 billion (US$4.8 billion), 50.5% up

Utilized FDI

US$54 million, 5% up

Total Import&Export

US$871 million, 44.0%深圳写字楼装修 金 办公室装修 現金化 lithium batteries 有机玻璃 miniature bearings Shenzhen lawyer 除湿机

Hang Sen turbine flow meter g Index opens 153 points lower on Fri
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Hang Seng Index opens 153 points lower on FriPublished: 03 Dec 2009 18:55:11 PST

More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market

Dec. 4, 2009 (China Knowledge) – Hong Kong stocks fell on Friday morning, with the benchmark Hang Seng Index opening 153.38 points lower at 22,400.49.

The Hang Seng China Enterprise Index, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, opened 60.16 points lower at 13,398.9.

BYD Co Ltd<1211> dipped 0.07% from the previous closing to HK$74.5. Great Wall Motor Co Ltd<2333> fell 1.08% and opened at HK$9.2.

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UBS cuts shareholding in Guangzhou R&amp;F Property to 6.82%Published: 25 Jun 2009 01:04:45 PST<p class=”authorInfor”></p><!–begin CK content–><ul class=”narrow”>Top 5 News From ChinaKnowledge.comShanghai GM’s Buick sales hit 2 mlnChina’s GDP likely to grow nearly 8% in Q2BYD sells 144,741 vehicles in Jan-MayCPC in talks to buy LNG from Exxon MobilShanghai Electric receives order from SiemensJun. 25, 2009 (China Knowledge) – Swiss investment bank UBS AG has cut its shareholding in Guangzhou R&amp;F Property Co Ltd&lt;2777&gt; to 6.82% from the previous 7.54%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)&lt;0388&gt;.<br><br>Information from HKEx showed that UBS on Jun. 19 sold around 7.31 million shares of Guangzhou R&amp;F Property for HK$128 million. The average share price of the transaction was HK$17.456 per share. <br><br>The Chinese real estate developer said earlier that its contracted sales in May grew 29% year on year to RMB 2.4 billion. The company’s contracted sales in the first five months were RMB 10.61 billion in total, around 48% of its full-year sales target of RMB 22 billion.<br><br>Shares of Guangzhou R&amp;F Property gained 3.15% to close at HK$17.02 on Thursday.<br><br><br>Copyright &copy; 2009 http://www.chinaknowledge.com<a href=http://www.cashguide.jp/>�F����</a> <a href=http://www.zhongguofanyi.com>ͬ������</a> <a href=http://www.zszxgs.com/cfzx.htm>���ڳ���װ��</a> <a href=http://www.jsspring.com/zhongwen.asp>����</a> <a href=http://www.xiqingbanjia.com/>���ڰ���</a> <a href=http://www.seosenka.com/>��������</a> <a href=http://www.u-hikaku.com/>���쥸�åȥ��`�� �F���� �ڥ���</a> <a href=http://www.jbspring.cn>����</a> <a href=http://www.shgoto.com>������ѯ</a> <br>

China’s manual capsule filler car sales and output over 12 million in 11 months
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China’s car sales and output over 12 million in 11 monthsPublished: 07 Dec 2009 01:02:02 PST

China’s vehicle sales and output exceeded 12 million units from January to November this year, the China Association of Automobile Manufacturers (CAAM) announced Monday.

Sales reached more than 1.35 million units last month alone, according to preliminary statistics. The CAAM forecasts sales and output for 2009 would both exceed 13 million vehicles.

The sales of vehicles from Shanghai Automotive Industry Corporation (SAIC), the country’s largest auto maker, increased 54 percent from a year earlier during the first 11 months to 2.44 million units, while the joint venture between GM and SAIC, Shanghai GM, sold 627,495 vehicles, up 50.5 percent.

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JPMorgan car sun shades launches 4th China branch in Guangzhou
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JPMorgan launches 4th China branch in GuangzhouPublished: 04 May 2009 17:08:40 PST

Top 5 News From ChinaKnowledge.comJPMorgan launches 4th China branch in GuangzhouHong Kong Disneyland expansion deal to be closed soonChina’s imported car volume down 37% in Q1China to inject US$38.4 bln in regional forex reserve poolChina Eastern to sell 2 A340s for RMB 590 mln

May 5, 2009 (China Knowledge) – U.S.-based financial holding company JPMorgan Chase & Co has launched a branch in Guangzhou, the capital city of Guangdong Province, to offer services to local and multinational clients in the southern Chinese city, Reuters reported on Monday.

The Guangzhou branch, the fourth one in China, officially opened on Monday and offers cash-management services, trade finance, liquidity management, foreign exchange and investment banking, JPMorgan Chase Bank (China) said in a statement.

JP Morgan Chase, incorporated in China in 2007, has three other China branches in Beijing, Shanghai and Tianjin.

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Privatel Camisetas de fútbol y-run Juneyao Airlines eyes RMB 2-bln IPO
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Privately-run Juneyao Airlines eyes RMB 2-bln IPOPublished: 08 Nov 2009 20:25:36 PST

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Nov. 9, 2009 (China Knowledge) – Juneyao Airlines Co Ltd, a privately-run airline based in Shanghai, aims to raise as much as RMB 2 billion via an initial public offering later this year, the China Daily reported, citing Juneyao Group President Wang Junhao as saying.

The carrier has not decided on the venue of the listing, said Wang, adding that the company plans to bring in strategic investors, preferably overseas carriers with extensive international routes.

No specific names of potential partners were revealed so far.

Juneyao Airways has a fleet of 14 A320 planes and has yet to take delivery of several previously ordered planes. No new aircraft order is on the agenda now.

In July, Yuneyao Airlines said it would launch flights on international routes this year, becoming the first private domestic airline to do so, China Knowledge reported earlier.

Established in June 2005, JuneYao Airlines is a subsidiary of JuneYao Group. The carrier’s profit in 2009 is expected to reach between RMB 50 million and RMB 60 million, sharply up from roughly RMB 10 million in 2008, said Wang.

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T. Rowe Manual stacker Price cuts stake in Guangshen Railway to 7.97%
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T. Rowe Price cuts stake in Guangshen Railway to 7.97%Published: 14 Jul 2009 23:10:29 PST

Top 5 News From ChinaKnowledge.comAcer to launch Android/XP netbook in Aug: reportChina’s fiscal revenue rose 19.6% in JuneHang Seng Index opens 157 points higher on WedHuayi Electric to set up wind turbine manufacturing baseQFII funds outperform domestic funds in H1

Jul. 15, 2009 (China Knowledge) – T. Rowe Price Associates Group, Inc, a U.S.-based financial services holding company, recently cut its H-share holding in Guangshen Railway Co Ltd<601333><0525><GSH> to 7.97% from the previous 8.02%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

Information from HKEx showed that T. Rowe Price sold 800,000 H shares of Guangshen Railway on Jul. 9. for HK$2.74 million. The average share price of the transaction was HK$3.427 each.

H shares of Guangshen Railway rose 1.50% to end at HK$3.38 on Tuesday.

Guangshen Railway is mainly engaged in the passenger and freight transportation businesses on the Shenzhen-Guangzhou-Pingshi Railway, which is 481.2 kilometers long and runs through Guangdong Province. The Guangzhou-Pingshi Railway is the southern part of the Beijing-Guangzhou Railway, which connects the northern and southern railways of China.

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HKTDC to 外匯買賣 offer more help to HK firms in mainland China
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HKTDC to offer more help to HK firms in mainland ChinaPublished: 16 Feb 2009 18:23:43 PST

Feb. 16, 2009 (China Knowledge) – Hong Kong Trade Development Council (HKTDC) will set aside more resources to support local enterprises’ development in the Chinese mainland market this year, Shanghai Daily reported, citing Benjamin Chau, assistant executive director of HKTDC, as saying.

HKTDC, the statutory organization promoting the city’s external trade, plans to expand the amount of the resources by 25% from a year earlier. The council will focus on helping Hong Kong firms in Dongguan, Guangdong Province, to better weather the global financial crisis.

Hong Kong companies in Guangdong are currently under great pressure and will face more challenges to survive amid the deepening economic recession, said Chau, adding Hong Kong’s traditional export markets, including the U.S., Europe and Japan, will probably continue to decline this year.

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Sales of Volkswagen in China continue to rise Published: 24 Aug 2009 23:02:01 PST

In July the Volkswagen Group sold 556,900 units, up by 6.7 percent year-on-year. Sales in China have surpassed those in Germany again to reach a record increase of 68.4 percent.

Chinese customers purchased 127,900 Volkswagen vehicles last month, 14,200 more units than German buyers. Domestic sales of the Volkswagen Group reached 113,700, an increase of 26.9 percent.

The main passenger vehicle brand Volkswagen had the best performance in China, selling 104,300 units in July, up by 67.5 percent. Other high-end vehicles, such as Audi A3, Q5 and A6, all had a favorable sales increase in the country.

China has become the Volkswagen Group’s biggest market in the first half of 2009.

Agencies and Wang Lei contributed to this story

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Vanke to Learn to Speak Mandarin Chinese invest RMB 3 bln in Changchun
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Vanke to invest RMB 3 bln in ChangchunPublished: 11 May 2009 19:10:57 PST

Top 5 News From ChinaKnowledge.comFAW, Volkswagen set up JV plant in ChengduGreentown China sees sales revenue exceed RMB 10 blnFMR buys more ZTE H-sharesChinese stocks open 0.67% lower on TueMicrosoft’s IE8 to integrate Taobao search

May 12, 2009 (China Knowledge) – China Vanke Co Ltd<000002><200002> on May 8 signed a strategic agreement with Changchun government to inject RMB 3 billion into property development and urban construction in Changchun, the capital of Jilin Province, sources reported.

Vanke, the largest publicly traded residential property developer in China, entered the Changchun real estate market in 2001.

Real estate insiders say Vanke will probably focus on expansion in second and third-tier cities.

In April, Vanke recorded sales revenue of RMB 5.27 billion, a year-on-year increase of 22%. Sales area totaled 595,000 square meters, swelling 23.7% year on year.

Poly Real Estate Group Co Ltd<600048> announced on Mar. 29 that it intends to invest RMB 3.5 billion in Changchun for mixed-use property development in the city’s southern area, China Knowledge reported earlier.

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Beijing brautjungfernkleider Capital Land’s H1 contracted sales revenue skyrockets
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Beijing Capital Land’s H1 contracted sales revenue skyrocketsPublished: 26 Jul 2009 17:31:26 PST

Top 5 News From ChinaKnowledge.comPBOC to issue RMB 45 bln in 1-year bills to BOCBYD to raise RMB 2.85 bln via A share placementBeijing Capital Land’s H1 contracted sales revenue skyrocketsCarrefour reopens Urumqi storeBarclays Bank raises stake in Sinopec to 6.02%

Jul. 27, 2009 (China Knowledge) – Beijing Capital Land Ltd<2868>, which is engaged in real estate development and hotel operation, on Jul. 22 announced that its contracted sales revenue reached RMB 5 billion in the first half of this year, reflecting a year-on-year jump of 187% and accounting for 83% of the annual goal, sources reported.

In the period from January to June, the Hong Kong-listed company recorded contracted sales area of 520,000 square meters, a sharp year-on-year increase of 301%.

In June, the Hong Kong-listed company sold properties totaling 100,000 sq m for RMB 1.1 billion.

Reportedly, on Jul. 11 and Jul. 12, Beijing Capital Land held an exhibition in Hong Kong for two high-end residential property projects located in Beijing. One is located in the Chaoyang District and has a floor area between 110 sq m and 400 sq m per unit. The other is located in Haidian District and comprises three 22-story residential buildings that have a floor area between 300 sq m and 500 sq m per unit.

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Lockup p stereo microscope eriod ends for Minsheng Banking’s restricted shares
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Lockup period ends for Minsheng Banking’s restricted shares Published: 24 Aug 2009 17:02:02 PST

By Wang Xinyuan

Now that the lockup period has ended yesterday for 928 million China Minsheng Banking Corp shares, analysts have expressed worries about a potential stock sell-off by China Life Insurance.

China Life currently holds 4.93 percent of Minsheng equities, according to Minsheng’s statement filed August 15 at Shanghai Stock Exchange where it is listed.

In addition to China Life, six other institutional investors holding 2.16 billion worth of Minsheng shares had their lockup period ended in June and July last year.

Ping An Insurance, the second largest insurance company in China after China Life, used to have the same amount of equities in Minsheng as China Life, but later reduced its holdings to 24 million shares in the second quarter, preferring Shenzhen Development Bank as its strategic partnership.

”It’s unlikely that China Life will sell off Minsheng’s shares since it’s a strategic investment,” said Deng Ting, a banking industry analyst at Guodu Securities.

”China Life even has a board member at Minsheng. Insurance companies hope to hold the equities of a bank to conduct bank assurance business, a process through which banks sell insurance,” Guo Min, an analyst at Shanghai Securities, told the Global Times.

China Life might sell off its Minsheng shares as it did with CITIC Securities shares earlier this year, reported Guangzhou Daily yesterday.

China Life sold 45.26 million shares it held in CITIC Securities in the first quarter, and recorded sales of 332 million shares earlier in March.

However it won’t sell off the holding in Minsheng as both the equity ratio and holding cost are low. It’s possible, however, that China Life will buy Minsheng’s stocks on a secondary market and sell later, said Guo.

Compared with the 126 percent return from selling off CITIC securities in the first quarter, China Life’s return from Minsheng’s shares would be much lower.

Minsheng’s stock opened at 7.37 yuan ($1.08) but slid to 7.25 yuan yesterday, down 1.49 percent from previous trading day.

With an average buying cost of about 5.87 yuan ($0.86) per share, China Life will only have a 23.5 percent gain from selling Minsheng’s shares based on the 7.25 yuan closing price yesterday.

Minsheng reported net earnings of 7.37 billion yuan ($1.08 billion) in the first half, up 22 percent year-on-year.

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