China quick review : Q32012 for RenRen - GiantInteractive - VIPshop, Agnitio sets up Asia HQ

By November 14, 2012
Neon

Renren's brand advertising business faces challenges / Giant Interactive Announces Third Quarter 2012 Results / Vipshop Q32012: active customers increased by 173.6% / Agnitio sets up Asia HQ in Shanghai to sell marketing and E-learning to the pharmaceutical industry

Renren's brand advertising business faces challenges

Renren a leading real-name social networking internet platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2012. Total net revenues were US$50.4 million, a 47.2% increase from the corresponding period in 2011. Online game revenues were US$24.2 million, a 120.2% increase from Q32011. Net loss attributable to Renren was US$15.4 million, compared to a net loss of US$1.2 million. Renren had approximately 172 million activated users as of September 30, 2012.The real-name user base represents 25% of total activated users. Monthly unique log-in users reached 48 million in the month of September, a 27% growth year-over-year. Brand advertising business continues to face challenges: intensifying competition and continued migration of Renren's traffic from PC to mobile. Online advertising revenues were US$17.0 million, representing a decrease of 13.7% Net loss attributable to Renren was US$15.4 million, compared to a net loss of US$1.2 million. Excluding results of operations attributable to Nuomi in both quarters, net loss in the third quarter of 2012 would be US$9.1 million.

Giant Interactive Announces Third Quarter 2012 Results

Giant Interactive Group, an online game developer and operator, announced today its unaudited financial results for the third fiscal quarter ended September 30, 2012. Net revenue was RMB543.2 million (US$86.4 million) up 18.6% YoY. Net income was RMB311.7 million, down 13.7% YoY. Active Paying Accounts for online games was 2,241,000, up 7.4% YoY. Average Revenue Per User for online games was RMB238, up 9.6% YoY. The company intends to launch webgames . It conducted engineering testing for both games in the third quarter 2012 and expects to commercially launch the games in the first quarter 2013.

 

Vipshop Q32012: active customers increased by 173.6%

Vipshop Holdings, an online discount retailer for brands, today announced its unaudited financial results for the quarter ended September 30, 2012. Net revenues increased by 197.0% over prior year period to US$155.9 million, primarily attributable to a 173.6% increase in the number of active customers to 1.7 million and a 157.6% increase in total orders to 5.4 million. Net loss decreased to US$1.5 million from US$17.5 million in the prior year period. The number of active customers for the third quarter of 2012 increased by 173.6% to 1.7 million from approximately 633,000 in the prior year period. The number of total orders for the third quarter of 2012 increased by 157.6% to 5.4 million from 2.1 million in the prior year period. This increase was primarily due to the Company's addition of several regional sub-sites in 2011. The Company has also expanded its regional warehouse into Shanghai, Chengdu and Beijing. Net loss decreased to US$1.5 million from US$17.5 million in the prior year period. For the fourth quarter of 2012, the Company expects its net revenues to be between US$235 million and US$240 million, representing a year-over-year growth rate of approximately 123% to 128%.As a result, for the full year of 2012, the Company expects its net revenues to be between US$627 million and US$632 million, representing a year-over-year growth rate of approximately 176% to 178%.

Agnitio sets up Asia HQ in Shanghai to sell marketing and E-learning to the pharmaceutical industry

Agnitio, a marketing technology supplier for the healthcare sector, continues to expand its global presence with the opening of regional headquarters in Shanghai and a partnership with mobile learning solutions company Actando. The partnership with Actando will harmonise e-Learning and closed loop marketing through Agnitio's platform for the iPad. During a discussion with the rep, a doctor will be able to actively choose the information they really want to receive and are specifically interested in. With their limited time, doctors no longer need to sit through a long, general presentation. Instead they have a personalised conversation with the rep, delivering greater value in a far shorter period. While the rep is talking to the doctor, their training needs and performance will now be simultaneously captured, thanks to the partnership with Actando, and transmitted to their managers. The solution will then suggest a tailored learning programme that will be downloaded to the reps' iPads for offline use, allowing their managers to monitor their improvement during subsequent calls.

 

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