China Media Monitor (Issue 7, July 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. 7, Published 14th July 2009 | Published by Heernet Ventures Limited (heernet.com) | Subscribe at G2Mi.com | News Conde Nast enters agreement with China News Service to publish men’s magazine GQ QJY acquires Triangle marketing services agency Xinhua News Agency launches international TV news service Fosun International Ltd increases its stake in Focus Media Holding Ltd to 30% Shanghai Media Group enters into agreement with Softbank Corporation Fortune Venture Capital announces plan to invest CNY100 million in 315.com.cn China Telecom announces a reduction in mobile Internet charges Beijing Telecom launches daily data service package for handset users China Unicom enters into agreement with China Merchants Bank and China Eastern Airlines 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 2009
  • 2. CHINA MEDIA MONITOR News Media of-home advertising network of audiovisual television displays in China. Fosun International Ltd operates in pharmaceuticals, property development, steel, mining, retail, Conde Nast enters agreement with China News services and strategic investments. Service to publish men’s magazine GQ 08 July, 2009 Conde Nast has agreed with China News Service to publish Shanghai Media Group enters into agreement with Softbank Corporation its GQ men’s magazine in China. Conde Nast is a US magazine publisher which publishes 130 magazine titles in 30 June, 2009 23 countries (including 3 in China). GQ is currently Shanghai Media Group has entered into an agreement with published in 16 countries and the Chinese version will be Softbank Cooperation whereby the companies will jointly launched in October 2009. China News Service is a operate in content development, overseas marketing, digital journalistic agency in China. media copyright trading, research and media marketing. The companies will also jointly market their games, cartoons, movies and TV plays in Japan and China. QJY acquires Triangle marketing services agency Shanghai Media Group is a government-owned company 07 July, 2009 and operates in television broadcasting, digital media and content publishing. Softbank Cooperation is the third largest Qin Jia Yuan Media Services Company Ltd. has acquired a wireless network operator in Japan. 90% stake in Triangle Marketing for HK$6.2 million. Triangle is a marketing services agency based in Hong Kong. Qin Jia Yuan Media Services Company Ltd operates Internet in the concept development, production and distribution of programmes for prime time broadcasting. It offers advertising services such as design, market planning, public Fortune Venture Capital announces plan to invest relations, and sales and marketing consultancy. CNY100 million in 315.com.cn 03 July, 2009 Xinhua News Agency launches international TV Fortune Venture Capital, a venture capital firm based in news service Shenzhen, has announced its plan to invest CNY100 million in 315.com.cn, a B2B e-commerce web portal for the trading 02 July, 2009 of large-scale products such as chemicals, fuel oil, plastic, Xinhua News Agency has launched a trial version of an steel and rubber. The investment will be used for mergers international television news service in China. The service with and acquisitions of other industry websites. is available in English and offers news from China and 110 countries distributed via satellite to televisions, websites, outdoor screens and mobile users. The service will be Telecoms officially launched in December 2009. China Telecom announces reduction in mobile Fosun International Ltd increases stake in Focus Internet charges Media Holding Ltd to 30% 08 July, 2009 01 July, 2009 China Telecom Ltd. has announced a reduction in its mobile Internet charges for its 3G service users by up to 75% (from Fosun International Ltd has announced the acquisition of a 2 fen per KB to 0.5 fen per KB). It has also launched a new 3.9% stake in Focus Media Holding Ltd, increasing its total holdings to 30%. Focus Media Holding Ltd operates an out- © Heernet Ventures Limited. All Rights Reserved
  • 3. CHINA MEDIA MONITOR traffic plan for low spending users at a cost of CNY0.5 per day for up to 3 MB of Internet usage. China Unicom enters into agreement with China Merchants Bank and China Eastern Airlines 7 July, 2009 Beijing Telecom launches daily data service package for handset users China Unicom Ltd has entered into a strategic agreement 07 July, 2009 with China Merchants Bank Co., Ltd and China Eastern Airlines Corporation Ltd. According to the agreement, the 3 Beijing Telecom, a subsidiary of China Telecom Ltd, has companies will cooperate in products, services, distribution, launched a data service package for handset users for a daily technology and commercial operations. China Eastern charge of CNY0.5 (US$0.073) for Internet usage of up to 3 Airlines Corporation Ltd. is China’s third largest carrier. MB. The package is offered to both pre-paid and post-paid subscribers. © Heernet Ventures Limited. All Rights Reserved
  • 4. CHINA MEDIA MONITOR Share Price Data Company name Reuters Bloomberg Currency Current % Change Code Code price 1 mth 6 mth 12 mth Diversified Media Sing Tao News Corporation Limited 1105.HK 1105:HK HK$ 0.4 -16.7 3.9 -61.54 TOM Group 2383.HK 2383:HK HK$ 0.4 -1.1 33.8 2.25 Broadcasting Phoenix Satellite Television Holdings 2008.HK 2008:HKG HK$ 1.0 -10.3 42.5 -5.4 Shaanxi Broadcast & TV Network 600831.SS 600831:SHH CNY 8.2 4.2 29.8 -4.9 Publishing Ming Pao Enterprise Corp Ltd 0685.HK 685:HK HK$ 1.0 -16.7 -13.8 -49.5 Next Media Limited 0282.HK 282:HKG HK$ 1.0 -14.4 6.3 -66.3 Internet Baidu BIDU.O BIDU:US US$ 281.7 -8.9 126.0 -15.4 Alibaba 1688.HK 1688:HK HK$ 13.5 -3.3 133.4 48.1 i-Cable Communications 1097.HK 1097:HK HK$ 0.7 -6.2 22.9 -34.2 Shanda Interactive Entertainment Ltd SNDA.O SNDA:US US$ 52.1 -18.2 79.0 118.5 Sina Corporation SINA.O SINA:US US$ 28.6 -13.1 27.5 -31.3 Sohu.com Inc. SOHU.O SOHU:US US$ 59.3 -13.9 29.0 -17.3 Tencent Holdings Limited 0700.HK 700:HK HK$ 90.3 4.8 97.2 38.9 Online Gaming China Mass Media International Advertising Corporation CMM.P CMM:US US$ 5.2 -6.8 82.1 -74.1 Giant Interactive group Inc GA.N GA:US US$ 7.6 -16.8 20.0 -33.3 Kingsoft Corporation Limited 3888.HK 3888:HK HK$ 5.6 1.3 102.2 50.3 NetDragon Websoft Inc. 0777.HK 777:HK HK$ 5.7 10.2 94.9 -42.0 Outdoor Advertising Clear Media 0100.HK 100:HK HK$ 2.9 -12.9 79.4 -46.2 VisionChina Media VISN.O VISN:US US$ 5.4 -17.3 -22.7 -65.1 © Heernet Ventures Limited. All Rights Reserved
  • 5. CHINA MEDIA MONITOR Deal Sheet A summary of key deals and joint ventures. Date Sub Sector Investor Investee Terms Details July-09 Outdoor Advertising Fosun International Ltd Focus Media n.d Fosun International Ltd, a Chinese conglomerate, increased Holding Ltd its stake in Focus Media Holding Ltd from 26.14% to 30%. Focus Media Holding Ltd operates in outdoor advertising in China. Fosun International Ltd operates in pharmaceuticals, property development, steel, mining, retail, services and strategic investments. July-09 Television Qin Jia Yuan Media Triangle Marketing HK$6.2 million Qin Jia Yuan Media Services Company Ltd. acquired a 90% Broadcasting Services Company Ltd. stake in Triangle Marketing. Qin Jia Yuan Media Services Company Ltd operates in the concept development, production and distribution of programmes for prime-time broadcasting. Triangle is a marketing services agency based in Hong Kong. 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
  • 6. China Media Monitor 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