Sina Corp said it will scrap its proposed $1.66 billion purchase of the advertising assets of Focus Media Holding Ltd.
A group of investors led by Sina's chief executive will invest $180 million for about a 10% equity stake in Sina, which owns China's largest Internet portal. The company said it will use the new funds to finance future acquisitions and for general corporate purposes.
via WSJ.com
Reuters said, Alibaba.com to buy stake in Chinese e-commerce firm For $63.75 Million:
HiChina provides domain name.com says it will use HiChina to bolster its offerings to small businesses that want to open online stores. The company has taken other steps lately to up what it can offer that segment: Just last month, it took control of the business management software division of Alibaba Group-subsidiary Alisoft, which sells customer relationship management and marketing software. although it recently sold its direct holdings in Alibaba.
The first phase will see Alibaba acquire 85 percent of HiChina for a cash consideration of 435.67 percent retained by the founders of HiChina could be sold to Alibaba for an additional 104.56 million yuan dependent upon HiChina reaching certain performance targets. is devoted to providing comprehensive Internet infrastructure services to enterprises. "Both sides thought the price of the deal was within a rational range.
TechCrunch has a short post reporting Dr. Kaifu Lee’s next career move. The post made fun of Google Chinese translation. Well, I decided to take 20 minutes off my busy schedule, and translated his letter in English.
Farewell to Google
Kaifu Lee
Time flies and it’s been another four years. In retrospect and looking back at the four years I spent at Google, all the happiness, successes and challenges kept on flashing in my mind like a movie. In this touching farewell moment, my heart is filled with gratitude. In the past four years, Google China has steadily grown into a stable, mature and well-managed company.
During the whole four years, I’ve strived to bring to China the sprit of Google – equality, innovation, fun, and audacity. This process has not been easy, but we adhered to our beliefs and values steadfastly with intensive perseverance.
We have focused on perfecting Chinese search, and have suppressed the temptation to develop more cool and ostensible products. Today, the quality of Google Chinese search is the most accurate, most comprehensive, and most real-time among the peers. We have also developed several dozens of new products, expanding the territory of Google China. Among those, Google Maps, Google mobile search, Google mobile maps, Google translations are the best in China. In addition, we introduce the music search, which allows users to enjoy the copyrighted but free music for the first time, creating a new model for free music download in the whole world.
I am particularly impressed with the conducts of our employees, who developed timely products to help China combat devastating snows, earthquakes, and hurricanes, confirming my believe and that Google China employees love not only Google, but also China, and that they possess not only creativity, but also loving hearts.
I always smile heartily when I walk into some café shops, and see young people using Google integrated search, or looking up the real time traffic maps, or listening to copyrighted Google music, or selecting an iGoogle ‘skin’.
Google is both a great and lovely company, and I’m very grateful for this life-time opportunity to build Google China from scratch. I’ve learned a lot in the process – Internet technology, innovation models or values.
I have no regret on what has been achieved at Google. However, there is still one regret in my life and I want to tackle it. In the past 20 years, I have had the privilege to experience Apple and Microsoft in the PC era, to experience Google in the Internet era, and to see all three world-class companies growing and become successful. I have had the privilege to do the most creative work when both the silicon valley and Zhongguancun were ascending. My knowledge in the tech arena and my insights learned are my most valuable assets. I deeply hope to pass these assets on to young people in China.
My next step is to, together with young Chinese entrepreneurs, create new technological marvels. I want to take initiative to do some overall planning. I have reached this stage in my life that my heart tells me that it would be too late if I procrastinate.
So, although Mountain View, CA offered me an olive branch and hoped me to stay for another four years, I have made up my mind. Deep inside my heart, I want to help young people fulfill their dreams, and in the process, fulfill my own entrepreneurial dreams.
This past weekend, I was finally relieved from business strategies, career transitions, and knowledge transfer. I will comb my thoughts over this weekend, and soon will share with you my next plans.
Whenever I think about this step, I think of Steve Jobs famous saying:
“have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”
via Kaifu Lee’s farewell letter
Western internet companies have struggled to make in-roads in China, with the world's biggest online population, 340m users.
Ebay, the online auction website, was trumped by local rival Taobao; Yahoo has became somewhat obsolete in the Chinese search market, and Google is struggling to gain even half the market share of Baidu, its domestic competitor.
The story is no different with social networking. the likes of Facebook and Twitter never really got a foot in the door. Instead, Chinese 'netizens' share content on domestic sites such as Kaixin and Renren , and they micro-blog on Fanfou or Zuosa . During Beijing's recent tightening of internet censorship, Fanfou was blocked, just like Twitter.
Their success can rather be put down to what they offer and how they are used." says Yu Yi, social media expert at Analysys, a Beijing-based research firm. Conversely, users of foreign sites "mainly focus on social networking". Mr Yu argues Facebook or Twitter could have competed if, they had adjusted their interface and offering for the Chinese market.
By Kathrin Hille in Beijing, For more, go to FT.
Without Kaifu Lee, Google China now, same as Yahoo China likely, lost whole market, please do remember, the team who operating Yahoo China, is the Dream Team that Jack Ma Leaded.
Kaifu Lee is really remarkable.
Four years ago, when I played in the Netbar, I felt profoundly, Google China will be a ghost, the best result is to be a research & develop base mostly.
Now, Kaifu Lee kept the market, and have some market that Yahoo China had. It is so hard.
How is the Google China after Kaifu Lee, who knows?
Although Google China Looks stable, after Kaifu Lee left, something will be probabilistic, and Google China may lost.
Perhaps, Google INC should leave Google China to be a solo company, then on the market in the future, give Kaifu Lee enough stock, is the right way.
Anyway, let Kaifu Lee go, is equal to put Google China on the gambling table. In the china, Google INC is not banker, Google China is not banker too.
Robin Li is the banker behind Baidu now.
Without Kaifulee, who can settle Robin Li?
Interrogation!
Lee did the hard work for a long time in Google China, the letter disclose Kaifu Lee will start his own businesses implicitly.
I think, Kaifu Lee did a good job really, without Lee, Google should already disappear in China market.
via xihuji
Today morning, when I come Xianguo, China RSS online RSS reader, found the words:
Opps, the system on the maintenance.
Then introduced a flash game.
I guess, Xianguo take the self censorship now.
via xianguo trends
Nine Cities has issued Q1 report and unaudited Q2 report, it lost 6.85 million USD at Q1 and 11.6 million USD at Q2.
It is not so terrible, at 2008 Q4, it lost 23.17 million USD.
The problem is Q2 Net Revenues is only 42.15 million USD, Q1 is 62.4 million USD, it seams Nine Cities does not have future.
via QQ Tech
CCTV Midnight News said, someone spread the obscene informations via WAP mobile site, P2P which name the green porn channel.
This channel is very smooth and very subtle: when users use WAP, will see a pornographic websites, the same site, when using a computer, nothing.
It is because using PC to check WAP. These pornographic websites, using an extremely simple technical.
via DoNews.com
Sina, a China famous site, setup a Twitter like service who named "Sina Micro Blog", Compared with Twitter and Zuosa, Sina looks much neat and fresh. Design is not so cool, but detailed.
And more:
Anyway, Sina Micro Blog is a good product, is special, looks perfect.
via sina micro blog probably The Sound of Dombura Apple for US
