Sunday, April 17, 2005

Earnings ahead for China Nets - NetEase, Sina, Sohu

From MarketWatch: Earnings ahead for China Nets

"NetEase's (NTES) Fantasy Westward Journey game has been leaping up the charts, helping to give shares a solid run. According to Pacific Epoch numbers, it cruised past Shanda's World of Legend and Optisp's Legend of Mir III to be the most popular massive multi-player online role playing game in China in March. ... NetEase will report first quarter earnings on April 26."

"China's No.2 portal Sohu (SOHU) will report its first-quarter results on April 27. Last week it announced plans to pay $9.3 million in cash for Go2Map, an online mapping service that covers 14 of China's biggest cities. While Go2Map does not yet provide the satellite photo granularity of Google Maps, it shows Sohu is thinking along the same lines as U.S. giants Google and Yahoo.
While most of the market has been waiting for search engine Baidu's long touted IPO, Sohu has been busy working on its own search service, Sogou. Sohu is apparently using its traditional online advertising sales channels to push listings on Sogou, so search related ad revenue might surprise a few of Sohu's detractors, as of which there are many, when the company reports results."

" ... China's biggest portal Sina (SINA) will announce first quarter results on May 5, while most of China is still on holiday for the May Day week. As Sina stock continues to drift, management at the Chinese portal likely breathed a collective sigh of relief when Shanda CEO Chen Tianqiao told press he will not seek a board seat, despite controlling a 19.5% stake in Sina."

Read more


Post a Comment

<< Home