10.21-10.25.2002
For this week, mainly there are four things I did, first is daily news, second is translation with Suzanne, next is weekly meeting and upload my training site.
For another thing we did together is the English letter, we discuss the English letter together, and she gave me her comments, and we changed some words, and after that, we show it to Rose, and Rose also gave us her comments, and Suzanne and I discuss the Rose’s comments again, and we thought Rose’s letter is ok, and we are ready to translate it into Chinese, just wait for your confirmation. And we also share the training site information, because now I know we both search the Chinese market information, so we share some information on Wednesday afternoon especially some data and the URL.
The first news is about the portal
website SOHU.
SOHU.COM Achieves US GAAP Profitability In Q3, 2002
Wednesday October 23, 11:29 am ET
Revenues up by 111%; Gross Margins
Reach 55%; first Time US GAAP Net Profit
BEIJING, Oct. 21
/PRNewswire-FirstCall/ -- SOHU.COM (Nasdaq: SOHU - News), China's leading online media,
communications, commerce and wireless services company, today reported results
for the third quarter ended September 30, 2002.
Business Highlights * US GAAP profitability of US$112,000 achieved well ahead of schedule * Positive cash flow from operations for the first nine months of 2002 * Revenues rise 111% year-on-year to US$7.5 million beating company guidance of US$6.7 million * 9 consecutive quarters of double-digit quarterly sequential revenue growth * Non-advertising and advertising revenue contribute to a balanced,diversified 51%-49% revenue mix ahead of schedule * Advertising revenues grow by 52% year-on-year to US$3.7 million, reflecting widening domestic client base * Non-advertising revenues soar 237% year-on-year to US$3.8 million through sustained conversion of SOHU's user base into consumers * Gross margins reach record high of 55% * Q4 2002 and full year 2003 US GAAP profitability guidance maintained
http://biz.yahoo.com/prnews/021023/hkm007b_2.html
BEIJING,
Oct 22 (Reuters) - Chinese online portal Sohu.com (NasdaqNM:SOHU - News) posted unexpected
third-quarter profits on Tuesday as revenues from advertising and fee-based
mobile services pushed the firm into the black a quarter ahead of schedule.
The Beijing-based company turned a net profit of
$112,000, or nil cents per share, compared with a loss of $3.1 million, or two
cents per share, in the third quarter of 2001. The year-ago period was weighed
down by acquisition-related writedowns.
Sohu, which literally means "search fox",
said it expected to be profitable for the fourth quarter of 2002 and was on
track to become profitable for the entire 2003 fiscal year.
http://biz.yahoo.com/rc/021022/tech_china_sohu_2.html
The second news is about China Unicom gave a big bill
order for its CDMA development.
China Unicom's Parent
Spends CNY9.8 Billion On New Network Equip
HONG KONG -(Dow Jones)- China United
Telecommunications Corp., the parent company of Hong Kong-listed China Unicom
Ltd. , will be spending CNY9.828 billion to buy network equipment from Motorola
Inc. (NYSE:MOT - News) , Nortel Networks , L.M.
Ericsson Telephone Co. and Lucent Technologies Inc. (NYSE:LU - News) .
China Unicom said late Monday the Motorola contract
was worth CNY2.9 billion, the Lucent one CNY3.54 billion, the Nortel one CNY2.1
billion and Ericsson's was valued at CNY1.288 billion
China Unicom's parent is buying CDMA
telecommunications equipment through joint-venture companies or cooperative
companies of these international telecommunication equipment suppliers for the
second phase of its CDMA project.
http://biz.yahoo.com/djus/021021/2041000916_1.html
Third is about China Telecom
China Telecom today start sell H share in Hong Kong.
Today China telecom starts
sell its H share in Hong Kong. This time, China telecom plan sell 16.8 billion
H share, and among them, 0.84 billion will sell in Hong Kong. And IT will enter
NYSE and Hong Kong stock on Nov 6th and 7th. And ministry
of information industry already said, in the coming three years, the China
mainland landline fee will not change.
http://it.sohu.com/38/56/article17175638.shtml
The fourth is about mobile
payment in China.
China Unicom and China
mobile already realized that mobile payment is important, so for the
competition, they both plan develop this payment system fast. For China Mobile,
they plan at the end of this year; they can finish the small bill mobile
payment. And China Unicom already sign a contract with bank union to develop
mobile payment, and China Unicom said, they will start mobile payment from next
year beginning, and In Beijing first. But there is a research from Chinese
mobile users, they want to mobile payment and very interesting, but they
haven’t confidence of this kind of payment is safety. Just 30% people believe
it is safety.
http://it.sohu.com/56/56/article17175656.shtml
The last news is about
Chinese telephone users.
There is a news from
ministry of information industry, they said, now, every month in China, the
increasing population of mobile users is over 5 million. By the end of Sep, the
landline users are 207 million, and mobile users are 190 million.
http://it.sohu.com/39/08/it_article17170839.shtml.
3.
About
the stocks, my SINA this week is:
Oct 24, volume 62,700 price 2.40
Oct 23 48,000 2.40
Oct 22 93,900 2.41
Oct 21 156,700 2.41
For this week Chinese
internet stock seems stable and have few increasing, I thought because SOHU
have its first profit, that news gave many people confidence to believe website
company still can earn money.
4.
For
this week, I also feel have a nice time in the weekly meeting, because we had a
new member join our marketing team, and this meeting, we share many things, and
also we learned many things. Like rose gave us a mice presentation make us know
more about ANXA and our team is marketing team. And we also learned from the
paper about IPE training. Now I have more confidence of our team.
5.
This week, I also find the time to develop my
training site. Mainly I did is first I know what is the news page form, so I
know the rule already about the news page, and I also upload the partner page
and product pages. And before many information I did not put the reference, so
for this week, I searched many information again, and add most URL already. So
from now I will often share my training site information with Suzanne,
6.
For
next week mainly task, next week, I will:
First. Partner letter in
Chinese.
Second. Search the
assignment you give me about more information on value added service for
mobile.
Third. I will prepare a
studing paper to our team member about CDMA studing.
Fourth. I will prepare the
files about the China Mobile and China telecom.
Fifth, I will continue
search about if there is a payment like zingy in China.