The Official Launch of Tenpay American Express Virtual Pay for Chinese consumers / Taomee Q32012 Financial Results / Phoenix New Media Q32012 Financial Results / Jiayuan Q32012 financial results / Baidu announces pricing of US$1,500,000,000 notes offering
The Official Launch of Tenpay American Express Virtual Pay
Tenpay, the third-party online payment platform based in Beijing and owned by Tencent, announced the launch of "Tenpay American Express Virtual Pay". This virtual pay product has security features supported by the American Express network. The goal is to secure overseas online shopping. Tenpay American Express Virtual Pay comes with a "one time password" security function which automatically generates a different password for each online transaction made by Tenpay customers. The service also enables Tenpay customers to shop at overseas online merchants accepting American Express (Bloomingdales, Beautyexpert.co.uk., Apple AppStore). They can also shop at international airlines and hotels websites. Shopping at online merchants that require U.S. shipping addresses won't be a problem: with globaleshop from American Express -- a transshipment service for Tenpay American Express Virtual Pay customers, customers would be designated a U.S. address to complete their purchases, and have the goods forwarded to their home address in China. To encourage Tenpay customers to use this new service, Tenpay is offering multi-promotional offers including Tenpay Points and Q coins for customers who activate their Tenpay American Express Virtual Pay.
Taomee Reports Third Quarter of 2012 Financial Results : hoping from the mobile world
Taomee Holdings Limited, a children's entertainment and media company in China, today reported its unaudited financial results for the third quarter ended September 30, 2012. Total net revenues were US$11.8 million, a decrease of 6.7% from US$12.7 million in the third quarter of 2011. Net income attributable to the holders of ordinary shares was US$1.8 million, compared to US$4.4 million in the third quarter of 2011. The company hopes that its offline expansion will provides an opportunity to monetize its online virtual worlds, representing a long-term growth opportunity. Active paying accounts for the Company's virtual worlds under operation in mainland China slightly decreased to 1.7 million from 2.1 million in the third quarter of 2011. The number of downloads for the mobile applications was approximately 4.3 million, compared to 4.0 million in the second quarter of 2012.
Phoenix New Media Reports Third Quarter 2012 Financial Results
Phoenix New Media Limited, a media company today announced its unaudited financial results for the third quarter ended September 30, 2012. Phonenix Media provides premium content on an integrated platform across Internet, mobile and TV channels in China. Total revenues increased by 5.8% year-over-year to RMB286.4 million (US$45.6 million), driven by an 11.4% increase in net advertising revenues. Net income attributable to Phoenix New Media was RMB11.5 million (US$1.8 million), as compared to RMB56.8 million in the third quarter of 2011.
Net advertising revenues, calculated net of advertising agency service fees, for the third quarter of 2012 increased by 11.4% to RMB140.5 million (US$22.4 million) from RMB126.2 million in the third quarter of 2011. Paid service revenues for the third quarter of 2012 increased by 0.9% to RMB145.8 million from RMB144.6 million in Q32011. Mobile Internet and value-added services revenues decreased by 7.0% to RMB125.5 million due to the expected decrease in sales from 2G text message based pay-per-view services. Video value-added services revenues increased by 109.9% to RMB20.4 million primarily due to an expansion in video VAS user base across the three major telecom operators in China.
Jiayuan Third Quarter 2012 Financial Results : mobile and verticals strategy
Jiayuan.com International, operator of the online dating platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2012. Net revenues for the third quarter 2012 were RMB113.5 million (US$18.1 million), a year-over-year increase of 24.8%. Net income for the third quarter 2012 was RMB15.9 million , (- 35.9%). The service provider is working for popularising Jiayuan.com to mobile phones. Jiayuan has also a segmentation strategy by catering to the specific needs of key vertical markets through offerings like izhenxin.com website. Online services contributed RMB101.1 million (US$16.1 million), or 89.1% of net revenues for the third quarter of 2012, representing a year-over-year increase of 33.1% from RMB76.0 million. Events and VIP services contributed RMB12.1 million (US$1.9 million), or 10.6% of net revenues for the third quarter of 2012, representing a year-over-year decrease of 11.6% from RMB13.7 million.,
Baidu Announces Pricing of US$1,500,000,000 Notes Offering
The Chinese language Internet search provider, today announced the pricing of its public offering of US$1,500,000,000 aggregate principal amount of its notes. The public offering consists of US$750,000,000 of 2.250% notes due 2017 and US$750,000,000 of 3.500% notes due 2022. The Company expects to receive net proceeds from the offering of approximately US$1,491.6 million, and intends to use a portion of the net proceeds from the offering to retire certain existing debt and the remainder for general corporate purposes.