Ctrip.com International Ltd, a top company providing travel service in China, stated on Aug. 15 that its second season net profit rose 33% year on year, reporting total revenues of 508 million yuan, respectively with hotel reservation revenues up to 227 million yuan. This represents a 16 percent increase year-on-year, and a 21 percent increase season to season. Air-ticketing revenues were 222 million yuan, a 32 percent year-on-year growth, and a 20 percent increase quarter to quarter; packaged-tour revenues were 36 million Read more…

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China, company, economy, profit, season, travel

ICBC ranked first on the list of global banks last year with a profit of $21.3 billion, stated new industry rankings the other day.

China and Spain have enjoyed the five banks with the best performance. China Construction Bank just followed ICBC earning $17.5 billion. The third, fourth and fifth was Santander ($15.8 billion), Bank of China ($12.6 billion) and BBVA ($9.6 billion) successively, listed The Banker magazine. Read more…

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bank, China, economy, ICBC, industry, profit

The Ministry of Financial showed on its website on February 16 that the revenues the government had received was 613.16 billion yuan in January, 17.1 percent lower than a year earlier, within which the central government covered 296.48 billion yuan while the local government occupied 316.68 billion yuan, down 28.4 percent and 2.7 percent from a year earlier respectively.

It’s analyzed last month by the ministry that the rapid drop in the revenue mainly resulted from the financial crisis. It hurt the companies and led to lower profits. There was a drop of about Read more…

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China, drop, economy, government, profit, revenue

It has been demonstrated that for business innovation, setting economy-wide targets for boosting the share of renewables as a share of total energy source is a vital platform. Chinese companies are ranking tops in solar power, rechargeable batteries for mobile phones and electric cars in the global market.

Today’s new frontier is energy efficiency. Chinese business, encouraged by the government’s aim of raising the energy efficiency of the economy overall by 20 percent Read more…

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business, China, energy, innovation, productivity, profit

The huge number of Chinese Internet users may be “nothing” to prompt cynics, but such growing Internet population holds a gold mine for budding entrepreneurs like Han Ruotong of Beijing. The 30-year-old former advertising executive quit her well-paying job several years ago and started her online shop selling pets. In stead of dogs and cats, her shop specialized in exotic species, like Angora rabbits and chinchillas.

Although sharing a tight 14 sq m office with a dozen of animals in cages, Han never regrets. She just wants to run her own business.

Many other people from all walks of life share the same ambition with Han. Because there is no limitation to be a Read more…

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cynics, entrepreneur, profit, prompt, virtual

In recently years, Sohu.com Inc, the Chinese Web portal, has initiated its Olympic marketing strategy and became the official internet content sponsor for the Beijing Olympics in 2005. To avid fluctuations on the market, it has also been endeavoring to make revenue outside the online advertising sector.

Recently Sohu posted a nearly fivefold profit growth in its quarterly result, which is attributed to its sponsorship of the upcoming Olympics in Beijing and the success of an online role-playing game that it introduced last May.

Sohu’s revenue in the first quarter ended last month grew 156% to $84.8 million, while profit surged 383% to $21.6 million. Revenue from brand advertising reached $33.2 million, up 41% on a yearly basis while online game revenue increased 24 times to $41 million, boosting the company’s non-advertising revenue by 570% to $50.1 million.

A new report by Goldman Sachs indicates that the Beijng Olympics is expected to create an additional $65 million in terms of online advertising revenue for Chinese Internet companies, mainly from Olympic global partners like Samsung and Adidas that have been vigorously exploring the Chinese market.

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China, online advertising, profit, Sohu

To see part 1

Shi Xiaohong, chief technician with 360.cn, a leading online safety company in China, expressed his opinion of the matter as follows.

Hackers usually do not change or cancel the information, but resell it to other people to make profits. In this way, they fall outside the ambit of the current law. To put Trojans, most of which are used to steal information or remotely control the computers, on a certain web page is the most common way to steal information from a personal computer. Read more…

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China, economy, gainer, hacker, law, profit