Sohu may increase revenue from wireless value-added services Sohu, China's second-largest internet portal, may increase its revenue from wireless value-added services 15 to 20 per cent in the second quarter from the first quarter, the company said. It signalled a sector-wide recovery may be on the way, Morgan Stanley analyst Jenny Wu wrote in a note. PacificNet sells stake in service provider Guangzhou 3G Hong Kong-based PacificNet has agreed to sell its entire 51 per cent stake in value-added services internet firm Guangzhou 3G Information Technology to HeySpace International, a social networking and virtual community services provider on the mainland. The US$6 million deal was made last week as part of a divestment strategy as the company focuses on the gaming industry. Fujitsu introduces PalmSecure technology in HK schools Japanese information technology firm Fujitsu has introduced its advanced biometric authentication technology, PalmSecure, for Hong Kong primary and secondary schools in a trial at the Yaumati Catholic Primary School. The PalmSecure security system captures a unique palm vein pattern image of the user through the use of near-infrared rays. EPCglobal completes radio frequency identification pilot EPCglobal Hong Kong, the non-profit organisation driving the adoption of the Electronic Product Code standard for supply chains, has completed a radio frequency identification pilot programme based on the standard in partnership with handset manufacturer VTech Telecommunications. Public Security sets up subsidiary China Public Security Technology, a Shenzhen-based supplier of geographic information system services and integrated public-security information technologies, has set up a subsidiary - Public Security Technology (China) - in Hong Kong to oversee the company's mainland operations. Acorn shares soar in NYSE debut Shares of television direct sales company Acorn International rose 38.7 per cent to close at US$21.50 on their first day of trading on the New York Stock Exchange last Thursday. Acorn priced 7.7 million shares at US$15.50 to raise US$119 million through its initial public offering. The shares gained 19.5 per cent on Friday. Qiao Xing raises US$160m The subsidiary of Nasdaq-listed Chinese handset maker Qiao Xing Universal Telephone, Qiao Xing Mobile Communication, priced 13.3 million shares at US$12 per share in its initial public offering last Thursday on the New York Stock Exchange to raise US$160 million. Qiao Xing Mobile's shares ended the week down 13.3 per cent at US$10.40.
