China Tech Roundup - January 17, 2007

China Internet and Technology Roundup provided by Chinamemes.com:

China Worries about 2 Million Teen Webheads
Of China's 18,3 million teen Internet users, more than two million were addicts, with "good kids who impress their parents and teachers" the most vulnerable to the affliction, the China Daily said, citing a study by the Communist Youth League.

Lenovo, Hai'er, Huawei Top China's Information Technology Firms in Revenue
Lenovo Group, Hai'er Group and Huawei Technologies Co, have topped China's information technology firms in revenue in the first 11 months of 2006, Sina.com reported today, citing the latest data released by the Ministry of Information Industry.

Chinese Xbox 360 Coming Soon
Microsoft is planning the Chinese launch of their Xbox 360 console.

China's Virtual e-Commerce Currency
The volume of virtual currency has reached several hundred million USD a year in China. China’s major internet portals are battling with each for command of the market. Aside from Tencent, SINA (SINA) has U coins, Netease (NTES) has POPO coins, and Baidu (BIDU) also has its own currency. Right now the Q coin is the most widely used form of virtual currency in China.

Baidu Launches Online Music Streaming Service with EMI Music
EMI Group Plc., which lost a copyright infringement lawsuit against Baidu.com Inc., will drop its appeal and work with the Chinese Internet search site to win advertising by offering free online samples of its music.

Internet: Both Bust and Boom
Shanghai based journalist Fons Tuinstra analyzes the latest "Internet Users Spending" numbers.

The problem with Made in China
The Economist describes the reasons why many big manufacturing companies chose to avoid China's thundering economy in order to put their factories elsewhere in Asia.

2006 IT Awards in China
The top 10 IT firms in China: Alibaba, Google China, Gome, Lenovo, Hasee, Shanda, Tencent, Tom.com, Xunlei, and Intel China. (according to the Sina.com “2006 IT Awards”)

Times Coverstory - China Takes on the World
The Times Magazine's coverstory on China. "Already a commercial giant, China is aiming to be the world's next great power. Will that lead to a confrontation with the U.S.?"

Summary of VC Investment in Chinese Video Sites
ChinaVenture report on vc investment in video sites in China.

Chinamemes.com - Oberserving China's Digital Revolution