U.S. to Attract Up to $400 Billion in China Investment by 2020 / Dangdang Q32012 Results: the marketplace effect / SINA reports Q32012 Results: the weibo monetization is beginning / eLong Q32012 Unaudited Financial Results: +24% in hotel revenues
U.S. to Attract Up to $400 Billion in China Investment by 2020
A new report published today by the Asia Society predicts that the U.S. will attract up to $400 billion new direct investment from China by 2020 and that the State of California in particular will benefit. California is the top target for Chinese investment in the U.S -- it has attracted more investment projects from China than any other U.S. state. Chinese investment in California is growing at triple-digit levels and could reach $60 billion by Before 2008, annual Chinese direct investment in the United States typically stood well below $1 billion. Since then, Chinese investment in the U.S. has exploded, reaching nearly $2 billion in 2009 and a record $5.8 billion in 2010. In the first three quarters of 2012, Chinese ﬁrms completed transactions worth $6.3 billion, setting the stage for a new record year for Chinese investment in the United States.
Dangdang Q32012 Results: the marketplace effect
E-Commerce China Dangdang, a BtoC e-commerce company in China, today announced its unaudited financial results for the third quarter ended September 30, 2012. Total net revenues were RMB 1,287 million, a 41.7% increase from the corresponding period in 2011. Media revenue was RMB 849.9 millions, an increase of 32.9%. General merchandise revenue was RMB 397.4 millions (+55.9%). The marketplace represents a significant part of Dangdang's business in 2012In terms of Gross Merchandise Value (GMV), the marketplace represent RMB 341.5 millions, an increase of 159% yoy. Net loss was RMB 100.1 millions, as compared with a net loss of RMB73.4 million in the corresponding period in 2011, primarily due to the increase in cost of revenues and the increase in fulfillment and technology expenses.
SINA reports Q32012 Results: the weibo monetization is beginning
Sina Corporation, a leading online media company serving China and the global Chinese communities, today announced its unaudited financial results for the third quarter ended September 30, 2012. Net revenues increased 17% year over year to $152.4 million. Advertising revenues grew 19% year over year to $120.6 million, within the Company's guidance between $120.0 million and $122.0 million. Non-advertising revenues increased 9% year over year to $31.8 million. Net income attributable to SINA was $9.9 million. With the Weibo monetization, advertising revenues doubled from the previous quarter. In 2013, Sina will launch Weibo advertising solutions geared toward the small and medium-sized enterprise market.
eLong Q32012 Unaudited Financial Results: +24% in hotel revenues
eLong, an online travel service provider in China, reported unaudited financial results for the third quarter ended September 30, 2012. Total revenue were RMB 211.9 millions, an increase of 21% yoy. Hotel room nights booked through eLong in Q3 increased 70% to 4.6 million room nights. Online hotel bookings comprised 76% of total hotel bookings, compared to 60% in the third quarter of Q32011. In hotel revenues were RMB 156.6 millions, a 24% increase yoy. Net revenues for the third quarter increased 20% to RMB 197.3 million, compared to RMB 164.3 million. Net loss was RMB33.1 million, compared to net income of RMB9.4 million during the prior year quarter. eLong currently expects net revenues for the fourth quarter of 2012 to increase by 15% to 25% compared to the fourth quarter of 2011.