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Baidu Found Guilty of Offering Free Mobile Games A Chinese court has ordered Baidu Inc (Nasdaq: BIDU), the dominantsearch engine in China, to pay Dalian Alioth Technology ConsultingCo ¥7,000 over a copyright dispute. More than 20 Chinese mobilegame developers represented by the Content Provider Union, theindustry association, sued Baidu late last year, accusing it ofillegally providing free downloads of titles developed by CPUmembers. The plaintiff said they would appeal the ruling as theyconsidered ¥80,000 to ¥100,000 to be a fair amount ofcompensation. Competition Sends Jiayuan Q1 Earnings Plunge Jiayuan.com International Ltd (Nasdaq: DATE), a leading Chinesematchmaking site, posted $13.9 million in revenues and $831,000 innet profits for Q1 2012, up 27.8% and down 57% respectively fromthe same quarter a year ago. Stiffer competition was blamed for thedecline in earnings. It had 62.6 million registered users as of theend of March, including 6.7 million that came in during Q1 2012. China Telecom Launches Services in Britain China Telecom Corp's (NYSE: CHA, HKG: 0728) European unit haslaunched the CTExcelbiz service in Britain to serve local Chinese,becoming the first Chinese wireless carrier to offer serviceoverseas. Joining forces with Everything Everywhere Ltd, a Britishmobile network operator, China Telecom will provide bilingualmobile services to the Chinese living, studying, traveling anddoing business in Britain. China Auto Rental Aborts Nasdaq Float China Auto Rental Holdings Inc, which calls itself the nation'sfirst and largest car rental provider, decided to withdraw itsNasdaq listing application, without revealing reasons. It lastmonth postponed the initial stock sale after struggling to attractinvestors. It is argued that the company called off the IPO becauseit did not want its shares to be undervalued and feared sharesfalling below issue price would undermine its future fundraisingplans. Insufficient subscription to its shares was believed to beanother reason. Shenhua to Buy Coal Firms from Parent China Shenhua Energy Co (SHA: 601088, HKG: 1088), the nation'sbiggest coal producer, said it plans to acquire stakes or assets ofChina Shenhua Coal Liquefaction and Chemical Co and Shaanxi ShenyanCoal Co from its parent. Shenhua said it just started the work onthe acquisitions and declined to disclose financial details.Shenhua will use the money raised from its IPO to for the deals. Lenovo Net Profit Jumps 73% in 2011/12 Lenovo Group Ltd (HKG: 0992), China's biggest personal computermaker, posted $29.6 billion in revenues and $473 million in netprofits for 2011/12, up 37% and 73% respectively from its previousfiscal year. China contributed 42% of its total revenue, and thedeveloped world's share has for the first time exceeded 10%. Lenovosaid its performance in emerging markets as a whole improved butstill has not turned around from losses. State Construction Seals ¥37b Deals China State Construction Engineering Corp (SHA: 601668) said itrecently signed ¥36.72 billion worth contracts. The amount isequivalent to 7.6% of its revenue in 2011. $1 = ¥6.34. I am an expert from normalsimadapter.com, while we provides the quality product, such as China 3FF SIM Adapter , Micro SIM Card Adaptor Manufacturer, Micro To Normal SIM Adapter,and more.
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