It’s about time to review the performance of China ’s top Internet companies in 2008 following their announcements of their year-ended results.  

 

Tencent

Shanda

Baidu

Alibaba

Netease

Sohu

Sina

2008 Annual Revenue:

RMB 7.1545 Billion

RBM 3.569 billion ( USD 522 million)

RMB 3.1983 billion

RMB 3.001 billion

RMB 3 billion

USD 429.1 million

USD 369.6 million

2008 Annual Profit:

RMB 3.246 Billion

RMB 1.442 billion (USD 211 million)

RMB 1.0967 billion

RMB 1.205 billion

RMB 1.6 billion

Profit: USD  169.3 million

USD 88.8 million

 

TG put the table together by getting references from webprochina.com. The above figures indicate that the instant messaging busines owned by Tencent has a very good year last year despite the economic downturn. Shanda (盛大), which is an interactive entertainment media company in China offering a variety of internet based entertainment services such as, online role playing games and advanced social games, chess and board, told us the fact that Chinese are still fond of online games.  Baidu (百度) and Alibaba, which concentrate their business on search and B2B, respectively have done well.  

Pity enough, Tootoo.com will terminate its operation very soon as the economic tsunami is increasingly taking a heavy toll of the China economy. According to China Sourcing News

Tootoo.com was originally developed as a B2B search and service provider for suppliers and buyers engaged in international trade and was not fully commercialized as of the end of 2008. Ninetowns, its parent holding company,  expects to begin winding down all services and support for Tootoo.com within approximately 60 days and plans to eventually discontinue Tootoo.com’s B2B service offering. Ninetowns intends to re-assign existing Tootoo.com personnel consisting of approximately 50 employees to other functions within Ninetowns. 

Tootoo.com

 

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