China Media Monitor (Issue 5, 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 information and analysis on the global media industry.

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China Media Monitor (Issue 5, June 2009)

  1. 1. China Media Monitor | Fortnightly newsletter on the China Media industry | Issue No. 5, Published 15th June 2009 | Published by Heernet Ventures Ltd. (heernet.com) | News Ali Wang Wang launches online advertising services Youku.com and Taobao.com form strategic partnership China Telecom launches online shop on Taobao.com Next Media Ltd launches free online video news service Shanda Interactive Entertainment Inc to acquire 51% stake in Hurray Holding Co. The9 and Kingsoft agree to jointly operate online game Channel V launches mobile TV in Hong Kong China Mobile enters agreement with China Satellite Mobile Broadcasting Corp EchoStar and AsiaSat form joint venture Microsoft launches Bing, an online search engine Tenpay enters agreement with Ctrip.com Government Information Office plans to launch online newspaper title 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. 2. China Media Monitor News Ali Wang Wang launches advertising products Shanda Interactive Entertainment Inc to acquire Date 11 June, 2009 51% stake in Hurray Holding Co. Date 09 June, 2009 Ali Wang Wang, an instant messaging tool developed by Alisoft, has launched targeted online advertising services. Shanda Interactive Entertainment Inc. has entered into an Alisoft is a software subsidiary of Alibaba.com Ltd, a B2B agreement to acquire a 51% stake in Hurray Holding Co. for e-commerce company. US$46.2 million. Shanda Interactive Entertainment Inc. is an interactive entertainment media company that offers MMORPG and advanced casual online games. Hurray Youku.com and Taobao.com form strategic Holding Co. Ltd is a China-based company that operates in partnership artist development, music production, wireless music Date 11 June, 2009 distribution and other wireless value-added services Youku.com has entered into a strategic partnership with Taobao.com to promote video shopping in China’s e- The9 and Kingsoft agree to jointly operate online commerce sector. According to the agreement, the 2 game companies will jointly launch a video shopping service this Date 09 June 2009 month. The service will first be offered to Taobao.com’s The9 and Kingsoft have entered into an agreement to jointly customised online auction and e-commerce shops. operate JX3 Online, an online game developed by Kingsoft. The9 Ltd is an online game operator in China while China Telecom launches online shop on Kingsoft Corporation Ltd operates in software development, Taobao.com distribution and other related services. Date 10 June, 2009 China Telecom, a telecommunications operator, has Channel V launches mobile TV in Hong Kong launched an online shop on Taobao.com, an e-commerce Date 06 June, 2009 website operated by Alibaba.com. The website offers China Channel V Ltd has launched a mobile version of its Channel Telecom’s 3G terminal products such as 3G network V in Hong Kong. The service offers programmes through interface cards, mobile phones, netbooks and wireless video-on-demand and mobile TV services. Its services are packages, as well as wireless broadband and voice services. available to subscribers to PCCW Mobile, CSL, SmarTone- Vodafone and 3, mobile operators in Hong Kong. Users can access the service at a charge of HK$3 per clip or a Next Media launches free online video news service monthly price of HK$18-20 for unlimited access. Channel V is a lifestyle entertainment channel for young people. Date 10 June, 2009 Next Media has launched a free online video news service that can be accessed on its Apple Daily website. Next Huawei Technologies and Netcom launch mobile Media Ltd publishes newspapers, books and magazines, and broadband Internet connection sells advertising space in its publications and on its web Date 05 June, 2009 portals. It also offers printing and reprographic services. Huawei Technologies and Netcom have launched a mobile broadband Internet connection for a live commercial LTE network in Oslo. The connection offers high resolution photos, music, movies and mobile business applications at high speeds. The LTE network is operated by TeliaSonera Group, which offers telecommunication services in Nordic and Baltic countries. © Heernet Ventures Limited. All Rights Reserved
  3. 3. China Media Monitor Walt Disney Co launches VV8.com China Mobile enters agreement with China Satellite Date 04 June, 2009 Mobile Broadcasting Corp Date 02 June, 2009 Walt Disney Co’s Disney Channel has launched VV8.com in cooperation with NetMovie Co. VV8.com is an online China Mobile has entered into a cooperation agreement with channel that offers comedy series, cartoons, movies and China Satellite Mobile Broadcasting Corp (CSMB). other animated programmes. The Disney Channel is a cable According to the agreement, China Mobile’s TD-CMMB television provider of children’s content. NetMovie Co is a users will have access to TV and radio programmes from Beijing-based digital entertainment content provider. some of CSMB’s channels in 174 cities in China. CSMB will create and broadcast the TV programmes and construct and maintain CMMB networks. China Broadband to acquire 51% stake in Laketune Technologies Date 03 June, 2009 EchoStar and AsiaSat form joint venture China Broadband has entered into an agreement to acquire a Date 02 June, 2009 51% stake in Laketune Technologies. China Broadband EchoStar Corporation and Asia Satellite operates in cable broadband services and publishes digital Telecommunications Company have entered into a joint and analogue programme guides in the Shandong province. venture to provide a DTH service in Taiwan and other parts Laketune Technologies, a subsidiary of DVN Holdings, of Asia. The satellite TV service will be broadcast from develops interactive cable TV technology and services. AsiaSat 4. EchoStar Corporation sells equipment and offers digital broadcast and satellite services worldwide. Asia Satellite Telecommunications Company Ltd is a wholly China Unicom reduces 3G service rates by 50% owned subsidiary of Asia Satellite Telecommunications Date 03 June, 2009 Holdings Ltd. China Unicom, a telecommunications operator, has announced a 50% reduction in its 3G service rates. The company has waived roaming, national call and incoming Tenpay enters agreement with Ctrip.com call charges and now offers 3G packages for between Date 01 June 2009 CNY186 and CNY1,686. Tenpay, an online payment tool operated by Tencent Ltd, has announced a cooperation agreement with Ctrip.com. According to the agreement, the users of Tenpay can access PME Group acquires stake in digital sports Ctrip.com through their Tencent QQ instant messaging television channel accounts for ticket queries, airline searches, hotel searches Date 03 June, 2009 and booking reservations. Ctrip.com is a provider of online PME Group has acquired a 49% stake in Giant Billion Ltd travel services in China. for HK$200 million through Smart Genius, a subsidiary. Giant Billion Ltd holds a 51% stake in-Beijing based Zhongtijiang Cultural Broadcast Co., Ltd, which has an Government Information Office plans to launch online newspaper title agreement with China DTV Production Co., Ltd for the operation and marketing of a digital sports television Date 30 May 2009 channel. China DTV Production Co., Ltd is a subsidiary of The Government Information Office has announced that it China Central Television (CCTV) and operates in the launch plans to launch an online version of Taiwan Today, an and programming of CCTV’s digital pay-TV channels. English language weekly newspaper title in Taiwan. Taiwantoday.tw will offer news from Chinese-language newspapers in English. © Heernet Ventures Limited. All Rights Reserved
  4. 4. China Media Monitor Share Price data Company name Reuters Bloomberg Currency Current % Change Code Code price 1 mth 6 mth 12 mth Diversified Media Sing Tao News Corporation Limited 1105.HK 1105:HK HK$ 0.46 22.67 33.33 -56.60 TOM Group 2383.HK 2383:HK HK$ 0.46 8.14 40.91 1.09 Broadcasting Hunan TV & Broadcast Intermediary 000917.SZ 000917:CH CNY Phoenix Satellite Television Holdings 2008.HK 2008:HKG HK$ 1.15 11.65 69.12 -1.71 Shaanxi Broadcast & TV Network 600831.SS 600831:SHH CNY 8.04 8.20 47.21 10.96 Publishing Ming Pao Enterprise Corp Ltd 0685.HK 685:HK HK$ 1.15 -8.00 -5.74 -43.07 Next Media Limited 0282.HK 282:HKG HK$ 1.18 1.72 38.82 -64.24 Internet Baidu BIDU.O BIDU:US US$ 300.69 25.52 170.16 -5.73 Alibaba 1688.HK 1688:HK HK$ 13.86 19.90 144.44 -2.39 i-Cable Communications 1097.HK 1097:HK HK$ 0.79 27.42 31.67 -32.48 Shanda Interactive Entertainment Ltd SNDA.O SNDA:US US$ 60.85 23.23 113.81 116.24 Sina Corporation SINA.O SINA:US US$ 30.01 9.09 13.46 -34.66 Sohu.com Inc. SOHU.O SOHU:US US$ 67.64 22.27 55.28 -13.40 Tencent Holdings Limited 0700.HK 700:HK HK$ 89.80 25.07 92.09 45.19 Online Gaming China Mass Media International Advertising Corporation CMM.P CMM:US US$ 5.51 79.48 171.43 -72.45 Giant Interactive group Inc GA.N GA:US US$ 8.73 5.95 46.23 -32.33 Kingsoft Corporation Limited 3888.HK 3888:HK HK$ 5.34 28.67 98.51 43.94 NetDragon Websoft Inc. 0777.HK 777:HK HK$ 5.12 -6.06 74.74 -43.11 Outdoor Advertising Clear Media 0100.HK 100:HK HK$ 3.70 48.00 198.39 -45.59 VisionChina Media VISN.O VISN:US US$ 6.27 16.98 19.43 -60.59 © Heernet Ventures Limited. All Rights Reserved
  5. 5. China Media Monitor Deal Sheet A summary of key deals and joint ventures over the last 2 months. Date Sub Sector Investor Investee Terms Details June-09 Online gaming Shanda Interactive Hurray Holding Co. 51% stake Hurray Holding Co. Ltd is a China-based company that Entertainment operates in artist development, music production, wireless music distribution and other wireless value-added services. May-09 Internet services China Broadband Laketune 51% stake China Broadband operates in cable broadband services and Technologies publishes digital and analogue programme guides in the Shandong province. Laketune Technologies, a subsidiary of DVN Holdings, develops interactive cable TV technology and services. 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% offering 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 Telecoms China Mobile (China) Far EasTone HK$4.1 billion China Mobile is a telecommunications operator that offers Telecoms (12% stake) fixed, wireless and broadband services in China. Far EasTone Telecommunications is a Taiwan-based 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 United Kingdom. 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. 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

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