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  1. Alibaba shuns gloom to pursue expansion

    Posted Nov 12th 2008, 12:00am by Sherman So

    ... and staff more available,' said chief executive David Wei. 'We are also looking at several merger and acquisition targets in the domestic and overseas markets.' The company, which ... is appropriate at this time and it demonstrates the directors' confidence in the fundamentals of our business,' said Mr Wei. The firm had 6.14 billion yuan in cash at the end of September. ...

  2. Alibaba.com opens import service as exports sag

    Posted Aug 05th 2008, 12:00am by Sherman So

    ... to Alibaba.com chief executive David Wei Zhe. The appreciation of the yuan, rising raw material and energy costs, the slowing global economy and tighter labour protection measures have hit the bottom ... around Chinese exporters. Some Alibaba customers, especially those heavily reliant on exports, were slowing subscriptions to the e-commerce site, said Mr Wei. Makers of low-value-added products ...

  3. Sina expects ad sales over Games to boost income

    Posted Aug 08th 2008, 12:00am by Sherman So

    ... to about 25 per cent next year, from the current level of over 50 per cent,' said Dick Wei, the investment bank's China internet analyst. With 253 million internet users, China has ... to US$25.2 million. 'Sina's results are a bit better than expected,' Mr Wei said. 'Most of the upside surprise came from the wireless sector.' Sina drew 27 per cent of its ...

  4. NetEase nails deal to market Blizzard titles on mainland

    Posted Aug 19th 2008, 12:00am by Sherman So

    ... formed globally,' said Dick Wei, JP Morgan's China internet analyst. 'This suggests a higher likelihood of further product licences and renewals.' NetEase, the mainland's second-largest online games company, started developing games in 2001. It produced two mega-hits, Westward Journey Online II in 2002 and Fantasy Westward Journey in 2004. Mr Wei said about 90 per cent ...

  5. Sohu expects to double sales as popularity of games grows

    Posted Oct 28th 2008, 12:00am by Sherman So

    ... from US$51.5 million a year earlier. This beat analysts' consensus estimate of US$116.5 million, said JP Morgan analyst Dick Wei. It is estimated that online games will account for US$57 ... of Mount Deer,' said Mr Wei. Both TLBB and The Duke of Mount Deer are based on the kung fu novels of celebrated writer Louis Cha. Sohu's online brand advertising, however, will slow from ...

  6. Pipeline of green energy and tech IPOs builds up

    Posted Jan 14th 2008, 12:00am by Sherman So

    ... Wei. Alternative energy is another mainland sector that is yielding hotly sought offerings, though the deals range from US$200 million to US$500 million, rather than in billions of dollars. ... recent management revamp was seen by analysts as a sign of possible new spin-offs, either as separate listings or asset injections into Alibaba.com, the Hong Kong-listed unit, said Mr Wei. The US ...

  7. Alibaba hedges bets as growth engine falters

    Posted Sep 08th 2008, 12:00am by Sherman So

    ... is temporary. The long-term gains from the [new] initiatives will more than offset any short-term losses,' chief executive David Wei said. Mr Wei said the company hoped to sell more than 800,000 ... 'China remains a major export country,' said Mr Wei. 'There are very few countries that can challenge its status as factory of the world.' ...

  8. New online services to thrive on mainland

    Posted Feb 05th 2008, 12:00am by Sherman So

    ... retail, gaming and advertising sectors. 'The mainland will soon overtake the United States as the biggest internet market in the world in terms of number of users,' said Dick Wei, China ... online, use of the network will increase, says Jacky Huang, the senior analyst for digital marketplace research at IDC China. Mr Wei said the internet population previously had been concentrated ...

  9. Taobao to get 5b yuan from parent Alibaba

    Posted Oct 09th 2008, 12:00am by Sherman So

    ... and others,' said Dick Wei, a China internet analyst at JP Morgan. Referring to Baidu's online auction site, Mr Wei said: 'Even if the service were free, Baidu can benefit from the increase ...

  10. Sohu.com spinning off games unit in US listing

    Posted Jul 29th 2008, 12:00am by Sherman So

    ... million, beating market estimates of US$96.5 million. 'Both online games and online advertising are doing extremely well,' said Dick Wei, a mainland internet analyst at JP Morgan. The new ... earnings, while online portals can fetch valuations of 30 times, Mr Wei said. Online games account for 47 per cent of Sohu's total revenue. Most of that comes from TLBB, a multi-player online ...




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