• Fri
  • Sep 19, 2014
  • Updated: 7:02am

In Brief

PUBLISHED : Tuesday, 27 November, 2007, 12:00am
UPDATED : Tuesday, 27 November, 2007, 12:00am

Giant Interactive earnings grow 153pc in third quarter

Giant Interactive Group, the mainland's third-largest online gaming company, reported 152.6 per cent growth in third-quarter earnings to 290.2 million yuan, with sales surging 164.2 per cent from a year earlier to 405.2 million yuan, in line with analysts' expectations. The company projected revenue of between 425 million and 430 million yuan for the fourth quarter.

ZT Online, the company's most popular game, recorded average and peak concurrent users of 481,000 and 888,000, respectively - a drop of 6.6 per cent and 17.2 per cent from the previous quarter. The company attributed the fall of concurrent users to change of game rules to discourage 'gold farming' activities in June. A gold farmer refers to an online game player who attempts to acquire items of value within a game, usually by exploiting repetitive elements of the game's mechanics, for example, killing a monster repeatedly to maximise gold coins collected. Sherman So

Lenovo handsets take fourth place on mainland

Lenovo Group was the fourth-largest brand in terms of mobile-telephone sales on the mainland, with a 6.1 per cent market share in the third quarter, according to the latest data from research firm Analysys International. Nokia, Motorola and Samsung Electronics continued to lead, with market shares of 35.1 per cent, 13.6 per cent and 11.6 per cent, respectively. Total third-quarter handset sales reached 37.43 million units, up 7.4 per cent year on year. Bien Perez

Bocom adopts performance management system from Oracle

Bank of Communications will adopt a new banking performance management system from Oracle, the world's largest enterprise software supplier, for its operations in Hong Kong. The project, the financial terms of which were not disclosed, will see the bank's Hong Kong branch use advanced applications to calculate cost of funds, interest margins, risk premiums and operational cost allocation. Bien Perez

AsiaInfo to set up bonus points system for China Mobile

AsiaInfo Holdings, a provider of telecommunications software, security products and services to the mainland communications sector, has won a contract to establish a new bonus points management platform for cellular operator China Mobile. The AsiaInfo platform will interface with China Mobile's business operation support system so subscribers can redeem bonus points online for merchandise and services. The contract's financial terms were not disclosed. Bien Perez

Diguang wins backlight supply contract from Samsung

Diguang International Development, a Shenzhen-based maker of cold cathode fluorescent lamps and light-emitting diodes, has won a landmark contract to supply up to 10 million mobile-telephone backlight units to Samsung Electronics. The company expects to start monthly shipments of about 500,000 units next year. The financial terms of the deal were not given. Bien Perez

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