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.