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IT: Ads, game boost Tencent earnings
Updated: 2006-03-23 15:12
Tencent, China's leading Internet value-added services provider, yesterday
reported an increase of 10 per cent year-on-year in its net profit to 485.4
million yuan. Tencent's revenue from on-line advertising soared 105.9 per cent
to 112.8 million yuan compared with 54.8 million yuan from one year ago. The
company's Internet value-added service, or IVAS, also surged by 79.2 per cent to
786.7 million yuan. (HK Edition)
Netcom chairman Zhang Chunjiang said the company may get a 3G license this
year. Zuo Xunsheng, vice chairman of China Netcom, said: "Holding a 3G license,
China Netcom will be able to provide more services, which will increase revenue.
The license also promises a lower investment risk." (Shanghai Daily)
China Telecom Corp Ltd, the mainland's biggest fixed-line phone company, beat
forecasts yesterday with little-changed second-half earnings as its core
business matures and it pursues new growth drivers. Growth is slowing as the
mainland's telecom market matures and fixed-line operators are losing share as
more people go wireless. (HK Edition)
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