Baidu (NSDQ: BIDU), the search-portal provider and “Google (NSDQ: GOOG) of China,” has made a key move into the world of mobile today: it is launching its own app store, to be called “Baidu Yi,” which will be available on Google’s Android OS. The move comes after months of speculation…

Sina (NSDQ: SINA) may have taken the crown in the Twitter-style, homegrown microblogging race in China, but its leadership has come at a price. The Chinese internet and mobile company today reported that Q2 profit was down by more than 60 percent compared to the same period a year ago—caused…

Last month’s rumour that Sina (NSDQ: SINA) Weibo, a Chinese equivalent to Twitter, will launch internationally is gaining credence. To start, it is driving up its service in Japan by striking a partnership with data company Find Japan that, from today, will verify the Weibo accounts of celebrities, businesses and…

A rare large media deal, this time in the Chinese market: SINA, one of the big online portal companies in China, has acquired the out-of-home ad assets to local company Focus Media (NSDQ: FMCN), in stock. It will acquire Focus’ LCD display network, poster frame network and in-store network; in…

Another bang-up quarter from a major Chinese internet name… Sina.com reported Q2 revenue of $91.3 million, up 53 percent year-over-year, and ahead of company estimates of $88-$90 million. Adjusted net income grew 62 percent to $26.2 million ($.43 per share) ahead of the $.40 per share analyst had been expecting.…

Some good news for Chinese office workers without a TV during the Olympics… Three top web portals, Netease (NSDQ: NTES), Sina (NSDQ: SINA) and Tencent announced together that they have obtained rights to rebroadcast live footage from state network CCTV. These three companies started teaming up last year to go…

The Chinese internet stocks have all killed it this quarter: Sina (NSDQ: SINA) reported Q1 revenue of $71.3 million, up 39 percent year-over-year, and comfortably ahead of a previous forecast of $66-$68 million. Net income was up 87 percent to $16.1 million ($.27 per share) from $8.6 million ($.16 per…

An interesting spin-off from within Chinese portal Sina (NSDQ: SINA) and keen to see if this becomes a trend of some sort with other portals: it is spinning off its real estate section into a separate company and will form a new venture with online real estate agency E-House Holdings,…

Chinese online media company Sina.com announced Q4 revenue of $70.7 million, up 25 percent from $56.4 million in last year’s equivalent period. Net income grew 49 percent to $17.5 million ($.29 per share) from $11.7 million ($.20 per share). The company benefited from 40 percent year-over-year advertising growth. Non-advertising growth,…

Chinese internet portal Sina (NSDQ: SINA) reported Q3 revenue of $64.3 million, up 15 percent from last year’s $56.05 million. Net income grew 60 percent to $17.2 million from $10.7 million. Excluding certain adjustments in both quarters, growth would have been 30.9 percent. Total ad revenue at the company grew…

With China’s continued economic growth and the preparation for the 2008 Olympics in the background, two of the country’s primary internet companies have been working on ways to expand their advertising take. —Seeking to cement its dominance over western rivals Yahoo (NSDQ: YHOO) and Google (NSDQ: GOOG), Chinese search engine…