WEEKLY REPORT

01.06-01.09.2002

Li Pin

A Study of Memestar

Memestar is a wireless service provider in its developing period. Company located in Guangzhou City (capital city of Guangdong province, it is beside Hong Kong and Shenzhen).

MeMeStar, also known as "Xunlong", is a leading independent mobile value-added service provider in China with two million monthly paying subscribers. The company has 160 employees with service coverage areas spanning over twenty provinces in China. MeMeStar has developed strong market presence in the prosperous Southern and Eastern provinces of Guangdong, Zhejiang and Jiansu, where the combined mobile user base exceeds 50% of the total China mobile user base. MeMeStar has consistently ranked in the top three mobile value-added service providers in terms of revenue and market share in these provinces.

Company website is; www.memestar.com and www.meme.com.cn. This company is a member of www.monternet.com. (The service website of China Mobile).

They have one Internet content product and six wireless content products.

One Internet content product is “Dating”, it is a community for the users to make friends, to date girls, to update your pictures, and also you can leave messages to BBS. You just need register, so you can use all the services. And you also can become the VIP, so you can use more special services, but you have to pay.

Wireless content product

Mobile Dating. The service is that you register by your mobile, and then the company service center will send you other users #, so you can date with others, it is similar as the Internet dating service. You pay memestar 5 yuan per month, and you pay China mobile 0.1 yuan per message sending.
Mobile pleasure ground. In this pleasure ground, those games include street fighting, lotto, auction, and play cards. You pay memestar 5 yuan per month.
Mobile millionaire. It is mobile games that just need you answer many kinds of history, politic questions, and every right answer; you can get your credit. And the best player can get cash prize. You pay China mobile 0.1 yuan per message sending, and you pay memestar 0.1 yuan per message receiving.
Mobile job hunting. You send your name,sex, age, education background and what job you want to memestar. Memestar will help you find the job you need in its database. You pay 0.3 yuan to memestar per message.
Mobile RPG game. In this game, you can choose single player or play with others. You pay memestar 8 yuan per month, and you pay China mobile 0.1 yuan per message sending.
Ringtone and Logo.

In its website said, there are already 3 million users had been used their services, and 600 million messages for their services.

Market News

China United Telecom Says CDMA Subscribers Exceed 7 Million

BEIJING -(Dow Jones)- State-owned telecom operator China United Telecommunications Co., the parent company of China Unicom Ltd. , said subscribers to its code division multiple access, or CDMA, network have topped 7 million.

China United Telecom President Wang Jianzhou said Thursday that its CDMA subscribers reached 7.01 million as of Wednesday, the official Xinhua News Agency reported.

http://biz.yahoo.com/djus/021226/0554000097_1.html

2. China Web portals surge to 2-year highs

HONG KONG, Dec 24 (Reuters) - Shares of three China-oriented web porrtals soared to highs not seen since the height of the Internet boom on Monday on the expectation they will report fourth-quarter profits -- the first time all three would have done so in the same quarter

http://biz.yahoo.com/rc/021223/tech_china_portals_2.html

3. SINA to Acquire Leading Independent Mobile Value-Added Service Provider in China

Acquisition will double SINA Wireless revenue, add two million paying subscribers, expands service offerings and triple nation-wide sales force

BEIJING & SAN MATEO, Calif.--(BUSINESS WIRE)--Jan. 6, 2003-- SINA Corporation (Nasdaq:SINA - News), a leading online media company and value-added information service provider for China and for global Chinese communities, announced today that it has entered into a definitive agreement to acquire MeMeStar, a leading independent mobile value-added service provider in China for a total purchase price of $20.8 million in cash and SINA shares. After the acquisition, SINA expects to double its wireless revenue, add two million paying subscribers, triple its nation-wide sales force for wireless business, and expand its overall service offerings.

http://biz.yahoo.com/bw/030106/60153_1.html

4. UPDATE - INTERVIEW-Sina.com to post first net profit

BEIJING, Jan 7 (Reuters) - Chinese Internet portal Sina.com (NasdaqNM:SINA - News) said on Tuesday it would achieve profitability for the first time ever, as it announced two new deals to expand high-growth mobile and online gaming services

Sina would join the ranks of Nasdaq-listed Chinese portals NetEase.com (NasdaqNM:NTES - News) and Sohu.com (NasdaqNM:SOHU - News), which have already posted profits in 2002 helped by expanded mobile services ranging from downloaded ring-tones and games to jokes and short messages

http://biz.yahoo.com/rc/030107/tech_china_sina_4.html

5. Jan 8,2003. Sina and Ncsoft announced their co-operation start work, and they start their first game “lineage” in China. This time they co-work, focus on Internet game. Ncsoft is a Korea Internet game company, and it is also the biggest Internet game company in the world. “lineage” is the most popular Internet game, it has 100 million register users in the world.

News from sina.com.cn: http://tech.sina.com.cn/focus/Lineage/

IQ test

This week, I mainly did two things in IQ test.

1. I finished the personalized report pages in simplified version.

2. I checked all the pages of simplified version from Suzanne. And I made a error report to her with other some my comments. And one error I report to you in my daily report.