PLATFORM OPERATORS LOOKING FOR PROFIT-MAKING FORMS

AsiaInfo Services
04-28-2011
Platform Operators Looking for Profit-making Forms

BEIJING, Apr 28, 2011 (SinoCast Daily Business Beat via COMTEX) -- At the Global Mobile Internet Conference (GMIC) 2011, Tencent Holdings Limited (SEHK: 0700) announces that will adopt open strategy for mobile operations such as games and browsers. A top executive of the company reveals that it will share more profits with excellent developers.

However, the proportion of profits shared by Tencent with developers is still low in contrast with that of Apple Inc. (Nasdaq: AAPL), although the Chinese company appropriated CNY 100 million for profit sharing with developers last year.

SINA Corporation (Nasdaq: SINA) currently still focuses on its microblog platform. Yesterday, its CEO Charles Chao announced the company's plan to foray into the LBS market.

By far, SINA microblog has formed cooperation with more than 15,000 Web sites. Over 10,000 corporate customers have used the company's microblog service. And third-party developers have applied for 36,000 applications on the microblog platform of SINA. However, the company is still looking for suitable profit-making forms for microblog service.

Source: www.yicai.com (April 28, 2011)

KEYWORD: BEIJING INDUSTRY KEYWORD: Internet & Online Services & Media SUBJECT CODE: Internet & Online Services
Wireless Internet/WAP/3G Services
SinoCast China Business Daily news
profit
developer
microblog
Charles Chao
LBS

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