China Media Monitor (Issue 6, June 2009)
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China Media Monitor (Issue 6, June 2009)

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A fortnightly newsletter covering developments in the Chinese media industry. The newsletter is free and is also available for download at G2Mi.com. G2Mi.com is a leading website providing......

A fortnightly newsletter covering developments in the Chinese media industry. The newsletter is free and is also available for download at G2Mi.com. G2Mi.com is a leading website providing information and analysis on the global media industry.

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  • 1. China Media Monitor Monitoring industry and company developments in the Chinese media industry | Fortnightly newsletter | Issue No. 6, Published 29th June 2009 | Published by Heernet Ventures Limited (heernet.com) | Subscribe at G2Mi.com | News China Youth Media enters into agreement with MOGO Network Walt Disney agrees HK Disneyland expansion deal with Hong Kong government VisionChina Media appoints CFO Star Publications acquires 20% stake in 701Sou Alibaba Group launches business social networking website Hotels.com launches Chinese website Sohu.com Inc. launches 3G channel China Unicom plans to invest CNY40 billion in Henan province Shanghai Telecom introduces mobile payment ordering services Madhouse enters into agreement with Best Tone Data Share Price Performance Deal Sheet Chinese media market coverage Heernet Ventures publishes this newsletter as part of its research coverage of the Chinese media industry. You can access more research on the Chinese media industry from our research website at G2Mi.com. If you are a media company or financial investor seeking growth opportunities in the Chinese media industry, we can assist you to ensure that you are successful in identifying and executing the best opportunities. With dedicated teams in both Europe and Asia, we are well placed to provide ‘on the ground’ assistance and support. We can help you understand the structure of the Chinese media industry and the key challenges that exist for foreign investors. We can also assist with deep analysis of key industry segments and assist you in both identifying and negotiating with suitable, local companies. For an initial discussion, contact Harjinder Singh-Heer on +44 (0) 208 180 7223 or by email on harjinder@heernet.com. © Heernet Ventures Limited. All Rights Reserved
  • 2. News Media Internet China Youth Media enters into agreement with Alibaba Group launches business social MOGO Network networking website 25 June, 2009 17 June, 2009 China-based youth marketing and media company China Alibaba Group, an online ecommerce website operator has Youth Media Inc. has announced that Youth Media (Beijing) launched Ren Mai Tong, an online community for business Ltd, a wholly owned subsidiary, has entered into a people that integrates e-commerce and social networking syndication agreement with MOGO, an online content functions. The website features online gaming, interactive company. China Youth Media will provide MOGO’s youth functions, business card production, a cardholder for friends’ content on its Koobee Campus Network. business cards and news. It also offers an online payment service through Alipay for online trading. Walt Disney agrees HK Disneyland expansion deal with Hong Kong government Hotels.com launches Chinese website 25 June, 2009 17 June, 2009 Walt Disney has agreed a deal with the Hong Kong The online hotel booking website, Hotels.com has launched government for the expansion of Hong Kong’s Disneyland a Chinese version of its website (Hotel.cn) in cooperation theme park. Disney will finance the expansion project while with eLong.com. eLong.com has offered its membership the government will convert its existing loans into equity. platform to Hotels.com users to access information about 7,000 hotels in 400 Chinese cities. eLong, Inc. is an online travel company in China that provides access to travel VisionChina Media appoints CFO reservation services through web-based distribution 23 June, 2009 technologies. VisionChina Media, a large out-of-home digital television network, has appointed Scott Chen as CFO. Before joining Sohu.com Inc. launches 3G channel VisionChina, Chen was an executive director in the investment banking division of Nomura in Hong Kong. 17 June, 2009 The online content and search engine company, Sohu.com has launched a 3G mobile offering. The mobile channel is Star Publications acquires 20% stake in 701Sou run in cooperation with Sohu’s entertainment channel and 19 June, 2009 offers 3G map and product trials. It is available through Star Publications has acquired a 20% stake in 701Sou Pte 3g.sohu.com. Ltd for S$5.0 million through an agreement with SPH Interactive International Pte Ltd, a wholly owned subsidiary of Singapore Press Holdings Ltd. 701Sou, launched in November 2008, provides online directory search services in China through its 701Sou.com website. Star Publications is a Malaysian consumer publishing company. © Heernet Ventures Limited. All Rights Reserved
  • 3. Telecom Madhouse enters into agreement with Best Tone China Unicom plans to invest CNY40 billion in 17 June, 2009 Henan province China Mobile’s Madhouse advertising network has entered 20 June, 2009 into an agreement with Best Tone Information Service, a China Unicom has announced that China United Network wholly owned subsidiary of China Telecom. Best Tone Communications Group, a subsidiary, will invest CNY40 provides local search services in China. Madhouse will use billion in Henan province over the next 5 years to build a 3G Best Tone's mobile advertising business and serve as Best mobile network and fixed-line broadband network. Tone's preferred mobile advertising platform partner. Shanghai Telecom introduces mobile payment ordering services 12 June, 2009 Shanghai Telecom, a subsidiary of China Telecom, has introduced an e-surfing mobile payment service in China. The service enables mobile payments and comes with integrated mobile ordering functionality. © Heernet Ventures Limited. All Rights Reserved
  • 4. Information and analysis on the Chinese media industry We publish a wide range of reports and market data on the global media industry. Details on the publications can be viewed at our online research shop (shop.g2mi.com). In addition to our publications, we can undertake bespoke research and consulting assignments for clients. Our client base includes leading media companies, private equity firms and investment banks. Contact details: Tel: +44 (0) 208 180 7223 | Email: service@g2mi.com | Offices in London and Gurgaon (India) © Heernet Ventures Limited. All Rights Reserved
  • 5. Share Price Performance Company name Reuters Bloomberg Currency Current % Change Code Code price 1 mth 6 mth 12 mth Diversified Media Sing Tao News Corporation Limited 1105.HK 1105:HK HK$ 0.4 0.0 9.6 -62.6 TOM Group 2383.HK 2383:HK HK$ 0.4 -1.1 33.3 -6.4 Broadcasting Phoenix Satellite Television Holdings 2008.HK 2008:HKG HK$ 1.1 -9.3 55.1 -3.6 Shaanxi Broadcast & TV Network 600831.SS 600831:SHH CNY 8.0 2.0 40.7 12.0 Publishing Ming Pao Enterprise Corp Ltd 0685.HK 685:HK HK$ 1.1 -5.2 -8.3 -45.0 Next Media Limited 0282.HK 282:HKG HK$ 1.1 -9.4 19.1 -65.4 Internet Baidu BIDU.O BIDU:US US$ 293.2 22.2 137.0 -11.7 Alibaba 1688.HK 1688:HK HK$ 14.1 -27.6 158.4 34.6 i-Cable Communications 1097.HK 1097:HK HK$ 0.7 -4.0 35.2 -38.1 Shanda Interactive Entertainment Ltd SNDA.O SNDA:US US$ 58.5 6.4 93.5 140.7 Sina Corporation SINA.O SINA:US US$ 31.8 11.4 38.3 -27.7 Sohu.com Inc. SOHU.O SOHU:US US$ 65.6 21.0 54.0 -10.2 Tencent Holdings Limited 0700.HK 700:HK HK$ 92.8 18.5 86.1 47.9 Online Gaming China Mass Media IC Corporation CMM.P CMM:US US$ 5.8 83.5 215.2 -71.0 Giant Interactive group Inc GA.N GA:US US$ 8.6 3.6 43.9 -33.0 Kingsoft Corporation Limited 3888.HK 3888:HK HK$ 5.4 -4.8 123.8 36.6 NetDragon Websoft Inc. 0777.HK 777:HK HK$ 5.0 -8.3 75.4 -51.5 Outdoor Advertising Clear Media 0100.HK 100:HK HK$ 3.1 2.7 167.5 -52.8 VisionChina Media VISN.O VISN:US US$ 5.8 9.6 14.5 -66.6 © Heernet Ventures Limited. All Rights Reserved
  • 6. Deal Sheet A summary of key deals and joint ventures. Sub Sector Investor Investee Terms Details June-09 Publishing Star Publications 701Sou Pte Ltd S$5.0million Star Publications, a Malaysian company, publishes, prints and distributes newspapers and magazines. 701Sou, launched in November 2008, provides online directory search services in China through its 701Sou.com website. May-09 Online Media Ctrip.com International, Home Inns & Hotels HK$50 million Ctrip.com International Ltd provides online travel services Ltd (China) Management Inc. (additional 9.52% for accommodation, airline tickets and package tours in (China) stake) China. Home Inns & Hotels Management Inc. develops and manages economy hotels in China under the Home Inn brand. April-09 Telecommunications China Mobile (China) Far EasTone HK$4.1 billion China Mobile is a telecommunications operator that offers Telecommunications (12% stake) fixed, wireless and broadband services in China. Far EasTone Telecommunications is a Taiwanese telecom operator. April-09 Publishing Pearson PLC (United Wall Street English US$145 million Pearson PLC is an international media company engaged in Kingdom) (China) (100% stake) education, business and consumer publishing in the UK. Wall Street English is a Chinese subsidiary of Wall Street Institute and operates 39 English language training centres in 7 Chinese cities. April-09 Broadband China Broadband, Inc. AdNet Media n.d China Broadband Ltd. provides cable broadband services Technologies Co. and publishes digital and analogue programme guides in Ltd. the Shangdong province of China. AdNet Media Technologies Co. Ltd. is a Beijing-based provider of advertising content to Internet cafes. © Heernet Ventures Limited. All Rights Reserved
  • 7. Published by: Heernet ventures limited London UK Tel: +44 (0) 208 180 7223 Fax: +44 (0) 870 762 3014 Web: heernet.com, G2Mi.com © Heernet ventures limited 2009. All Rights Reserved. All corporate logos, images and brands are copyright of the respective companies. TERMS & CONDITIONS OF USE Every attempt has been made to ensure that the information in this publication is correct at the time of publication. Heernet ventures limited and its directors do not accept any liability for any errors or omissions within this publication. Unless specified, the views expressed in this publication are purely those of the author. The content of this publication does not in anyway constitute investment advice or investment recommendations. Heernet Ventures limited does not provide investment advice or investment advisory services and is not regulated by the Financial Services Authority (FSA) in the UK or any other financial services regulator in any other country. The content of this publication can not be reproduced without the written permission of the author. © Heernet Ventures Limited. All Rights Reserved