WAN-IFRA

Shaping the Future of the Newspaper

Date

Sun - 21.12.2014


China

The Chinese Communist party newspaper People’s Daily has raised 1.4 billion yuan ($219 - $222 million) after filing an Initial Public Offering (IPO) for its website www.people.com.cn. As The Financial Times reported on Friday, this figure is almost three times the paper’s initial target of 527m yuan. The FT writes that people.com.cn now has a market capitalisation of $876m – rivalling that of The New York Times, which is valued at $943m.

The FT suggests that the Chinese authorities are hoping that the IPO will help state media expand their global influence. The financial paper points out that although state Chinese media have been commercially successful, tehy is vastly overshadowed by private Chinese digital companies like Sina and Tecent. Now, however, the Chinese state media seem to be looking to compete more aggressively. The FT quotes People’s Daily, which states, “we need to increase our popularity, expand the range of products and services we offer, reach a wider audience and increase page hits per visitor.” With the apparent aim of expanding its editorial impact, Chinese state television is also constructing a broadcasting centre in Washington, notes The FT.

Author

Hannah Vinter's picture

Hannah Vinter

Date

2012-04-23 13:25

A weekly version of the China Daily, the largest English-language newspaper in China, will hit UK newsstands tomorrow, Media Week reported on Thursday.

"While there is an element of breaking news, the majority of the paper seeks to provide a more in-depth review of headlines of the week - a useful guide to help readers understand the emerging opportunities that exist between China and Europe," explained General Manager of the weekly Renzhong Zhi in an article published by the China Daily.

Under the name China Daily European Weekly, the newspaper will have an initial circulation of 35,000 copies and it will be mostly sold in London as well as in Brussels, Belgium. The European version follows the launch of editions in the U.S. and Hong Kong, Media Week reminded.

Although the Chinese publication is owned by the State, the new ventures have independent editorial boards. According to its website, the China Daily has a global circulation of 400,000.

Author

Clara Mart

Date

2010-12-02 21:14

Alibaba Group, a notable e-commerce company in China, has partnered with Microsoft Corp. to create a new search site, a move that could challenge Baidu and Google in the Chinese search market, the Wall Street Journal reported.

Last Saturday, Alibaba Group launched a beta version of a web site called Etao, which is aimed to drive traffic to Alibaba's retail website, Taobao.com.

Search results first show up Taobao listings, including images and product prices, followed by links to related online forums and informational web sites, as well as search results provided by Microsoft's Bing.

Both companies confirmed that Etao is in public, or beta, testing, but refused to do any further comments.

Baidu's dominance in the Chinese search market has increased since Google decided not to cooperate with Beijing's censorship regulations and moved its site to Hong Kong, where the regulations don't apply. Google is still accessible in China, but sometimes interrupted by the government's firewall technology. Baidu and Google did not comment on Etao, WSJ reported.

Author

Erina Lin

Date

2010-10-13 17:07

Microblogging has become very popular in China, where 73.5 of Internet users rely on microblogs, such as Twitter, to quickly receive news and information updates, according to a recent survey conducted by the China Youth Daily, Efe reported yesterday.

There is a general trust in the news delivered through these sites, as 56.5 percent of Chinese believe in the information provided by microblogs. However, 20.3 percent considered them to be "unreliable" while 23.2 percent remain uncertain about their credibility, Xinhua News Agency revealed.

Photo Source: Switched.com

"Microblogs can only serve as a supplement to traditional media," Kuan Wenbo, a professor of Journalism at the Renmin University of China, said to the China Youth Daily. For him, the problem with these sites is that is difficult to judge the veracity of the information because anyone can publish information, Xinhua quoted.

The survey had 3,282 respondents from 30 Chinese provinces. According to Efe, China has more Web users than any other country, estimated at 420 million. However, is it also one of the countries that applies some of the strongest Internet censorship.

Author

Clara Mart

Date

2010-08-25 18:04

Newspaper sales returned to some of the Beijing subway stations Wednesday, after vendors were banned due to health and safety concerns four months ago, The Beijing Subway Company announced, according to Xinhua News Agency.

Newspaper and magazine sales were banned in January, as Beijing transport police said that "selling newspapers in crowded subway stations was a potential hazard." The action quickly faced harsh criticisms and complaints, People Daily reported.

Photo: Xinhua Photo

Vendors were back to a total of 19 stations on Lines 4, 5 and 10, where passengers can get free copies of Beijing Star Daily and purchase other papers and publications.

All these 19 stations have large halls and allow for easy escape in case of emergencies. The Beijing Subway Company stated that they will reopen more stations under the guidance of experts, according to CRI online.

Author

Erina Lin

Date

2010-05-13 23:40

Google's plan to review its operations in China has caused a decline in online advertising orders this month, Bloomberg reported.

An unidentified external sales agent for Google said new orders from advertisers have dropped about 50 percent after Google released the possible exit plan, as customers are concerned about the uncertainty of the Internet company's operations in China.

According to an anonymous official at Google, the company's operations in China are normal. However, he refused to give any further informaiton, according to China Business News.

"We are operating as usual and are working hard to provide the best service to our partners," said Jessica Powell, a Tokyo- based spokeswoman at Google. She didn't disclose any revenue figures for China.

Author

Erina Lin

Date

2010-01-29 22:56

A Google knock-off site, Goojje, has surfaced in China, two days after the Internet search giant announced it will exit from the country, according to a Reuters article posted by PC Mag.

The name of Goojje is a play on words in Chinese. The final syllable "jje" sounds like "older sister," while the "gle" syllable of "Google" sounds like "older brother."

The new site has been online since January 14, vying with Google while also pleading for its stay in the country, according to the Henan Business Daily.

"Sister was very happy when brother gave up the thought of leaving and stayed for sister," the Web site says, asking Google to keep services in China.

Goojje is a search engine and provides social networking services. Its home page layout is similar to Google, while its logo looks like a combination of its "older brother's" and the no. 1 search engine in the country, Baidu Inc.

Author

Erina Lin

Date

2010-01-27 22:33

Following Google's announcement last week that it may leave China, the Chinese government has fired back, calling Google's action a "corporate maneuver," paidContent reported.

According to a statement by Foreign Ministry spokesman Ma Zhaoxu, "there is no exception for Google" in observing China's laws and shouldering its social responsibilities, China Daily, a state-run publication, reported. "Foreign companies in China should respect the laws and regulations, respect the public interest of Chinese people and China's culture and customs and shoulder due social responsibilities."

However, Google calls China's laws "attempts ... to further limit free speech on the web," David Drummond, senior vice president of corporate development and chief legal officer of Google, stated in a Google blog post last week.

Ma stated that China's Internet is open, and will keep on creating a favourable investment environment for foreign businesses, including Internet companies, and to protect their legitimate rights.

Author

Erina Lin

Date

2010-01-19 21:09

Google announced on Tuesday it is rethinking how it does business in China, following the breach of Gmail accounts belonging to Chinese human rights activists. The "highly sophisticated" cyber attacks originated from within China.

"These attacks and the surveillance they have uncovered - combined with the attempts over the past year to further limit free speech on the web - have led us to conclude that we should review the feasibility of our business operations in China. We have decided we are no longer willing to continue censoring our results on Google.cn, and so over the next few weeks we will be discussing with the Chinese government the basis on which we could operate an unfiltered search engine within the law, if at all. We recognize that this may well mean having to shut down Google.cn, and potentially our offices in China," David Drummond, senior vice president of corporate development and chief legal officer of Google stated in a Google blog post.

China has responded to the announcement saying it welcomes Internet companies as long as they obey laws by censoring their content, Bloomberg reported today.

Author

Leah McBride Mensching

Date

2010-01-14 19:59

VisionChina Media Inc. is expected to buy Digital Media Group, based in Shanghai, for US$160 million, Dow Jones reported today. Both boards have approved the acquisition.

Should the sale go through ownership of DMG would give VisionChina Media, an out-of-home digital TV advertising network, would have better access to the digital TV networks in China's mass transportation systems, according to the report.

As of June, Beijing-based VisionChina Media owned more than 82,000 digital TV screens throughout the transit systems in 18 cities in China.

Following the acquisition, VisionChina Media will be the exclusive provider of subway advertising networks in eight cities, including Beijing, Guangzhou, Shanghai and Shenzhen, according to The Associated Press.

Author

Leah McBride Mensching

Date

2009-10-17 00:47

Syndicate content

© 2014 WAN-IFRA - World Association of Newspapers and News Publishers

Footer Navigation