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SINA.com
Sina Corporation (, "new wave") is a Chinese technology company. Sina operates four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sinanet. Sina has over 100 million registered users worldwide. Sina was recognized by '' Southern Weekend'' as the "China's Media of the Year" in 2003. Sina owns Sina Weibo, a Twitter-like microblog social network, which has 56.5 percent of the Chinese microblogging market based on active users and 86.6 percent based on browsing time over Chinese competitors such as Tencent and Baidu. The social networking service has more than 500 million users and millions of posts per day, making it the largest Chinese-language mobile portal. The company was founded in Beijing in 1998, and its global financial headquarters have been based in Shanghai since October 1, 2001. Sina App Engine (SAE) is the earliest and largest PaaS platform for cloud computing in China. It is run by SAE Department, which was founded in 2009. SAE is dedicated i ...
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Wang Yan (entrepreneur)
Wang Yan (; born 1972) is a Chinese entrepreneur who co-founded the Chinese technology company Sina Corp. He formerly served as CEO and Chairman of the company, and currently serves on the company's board of directors. Early life and education Wang was born in Beijing, China, in 1972. His father, Wang Hua (汪华), was a diplomat, investment banker and businessman in France. His grandfather, Wang Dezhao, was a prominent physicist and academician of the Chinese Academy of Sciences. Wang graduated from Affiliated High School of Peking University in Beijing. He attended Panthéon-Assas University (University of Paris II) in Paris where he later got his law degree. Career As a law student in Paris in 1996, Wang, along with two high school classmates, created a web portal called SRSNet. This became the prototype for Sina.com, which was put online in 1998 after a merger of SRSNet and SinaNet, a Chinese language web site in the US. As the General Manager of China Operations, Wa ...
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Tencent
Tencent Holdings Ltd. () is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world’s largest company in the video game industry based on its investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games. Founded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology. Its twin-skyscraper headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District of Shenzhen. Tencent is the world's largest video game vendor, as well as one of the most financially valuable companies. It is among the largest social media, venture capital, and investment corporations. Its services include social net ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ...
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Compete
Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc. The rivalry can be over attainment of any exclusive goal, including recognition: Competition occurs in nature, between living organisms which co-exist in the same environment. Animals compete over water supplies, food, mates, and other biological resources. Humans usually compete for food and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, power, prestige, and fame when in a static, repetitive, or unchanging environment. Competition is a major tenet of market economies and business, often associated with business competition as companies are in competition with at least one other firm over the same group of customers. Competition inside a company is us ...
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2000 Summer Olympics
The 2000 Summer Olympics, officially the Games of the XXVII Olympiad and also known as Sydney 2000 ( Dharug: ''Gadigal 2000''), the Millennium Olympic Games or the Games of the New Millennium, was an international multi-sport event held from 15 September to 1 October 2000 in Sydney, New South Wales, Australia. It marked the second time the Summer Olympics were held in Australia, and in the Southern Hemisphere, the first being in Melbourne, in 1956. Sydney was selected as the host city for the 2000 Games in 1993. Teams from 199 countries participated in the 2000 Games, which were the first to feature at least 300 events in its official sports programme. The Games' cost was estimated to be A$6.6 billion. These were the final Olympic Games under the IOC presidency of Juan Antonio Samaranch before the arrival of his successor Jacques Rogge. The 2000 Games were the last of the two consecutive Summer Olympics to be held in a predominantly English-speaking countr ...
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Netease
NetEase, Inc. () is a Chinese Internet technology company providing online services centered on content, community, communications, and commerce. The company was founded in 1997 by Ding Lei. NetEase develops and operates online PC and mobile games, advertising services, email services, and e-commerce platforms in China. It is one of the largest Internet and video game companies in the world. NetEase has an on-demand music-streaming service ( NetEase Music). The company also owns several pig farms. NetEase video games include, the '' Westward Journey'' series, ''Tianxia III'', ''Heroes of Tang Dynasty Zero'', ''Ghost II'', Nostos and Onmyoji. NetEase also partnered with Blizzard to operate Chinese versions of their games, such as ''World of Warcraft'', '' StarCraft II'', and ''Overwatch'' from 2008 to 2023. History The company was founded in June 1997 by Chinese entrepreneur Ding Lei, and grew rapidly due in part to its investment in search engine technology. In 2012 the com ...
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Variable Interest Entity
Variable interest entity (VIE) is a term used by the Financial Accounting Standards Board (FASB) to refer to a legal entity with certain characteristics such that a public company with a financial interest in the entity is subject to certain financial reporting requirements. VIEs rose to prominence after the Enron scandal. Some Chinese companies, such as Alibaba, use VIEs to get access to foreign capital that would otherwise not be available due to Chinese government regulations. The use of VIEs by Chinese businesses has received criticism for its lack of transparency. Background The FASB's Accounting Standards Codification (ASC) 810, ''Consolidation'', provides accounting guidance on when a reporting entity (e.g., a public company) should consolidate a legal entity as a subsidiary in the reporting entity's financial statements. If consolidated, the reporting entity will account for the subsidiary's assets, liabilities and any non-controlling interests of that legal entity in ...
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Nasdaq
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic tr ...
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NATO Bombing Of The Chinese Embassy In Belgrade
On May 7, 1999, during the NATO bombing of Yugoslavia (Operation Allied Force), five U.S. Joint Direct Attack Munition guided bombs hit the People's Republic of China embassy in the Belgrade district of New Belgrade, killing three Chinese state media journalists and outraging the Chinese public. According to the U.S. government, the intention had been to bomb the nearby Yugoslav Federal Directorate for Supply and Procurement (FDSP). President Bill Clinton apologized for the bombing, stating it was an accident. Central Intelligence Agency (CIA) Director George Tenet testified before a congressional committee that the bombing was the only one in the campaign organized and directed by his agency, and that the CIA had identified the wrong coordinates for a Yugoslav military target on the same street. The Chinese government issued a statement on the day of the bombing, stating that it was a "barbarian act". In October 1999, five months after the bombing, ''The Observer''Note that the ...
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NetEase
NetEase, Inc. () is a Chinese Internet technology company providing online services centered on content, community, communications, and commerce. The company was founded in 1997 by Ding Lei. NetEase develops and operates online PC and mobile games, advertising services, email services, and e-commerce platforms in China. It is one of the largest Internet and video game companies in the world. NetEase has an on-demand music-streaming service ( NetEase Music). The company also owns several pig farms. NetEase video games include, the '' Westward Journey'' series, ''Tianxia III'', ''Heroes of Tang Dynasty Zero'', ''Ghost II'', Nostos and Onmyoji. NetEase also partnered with Blizzard to operate Chinese versions of their games, such as ''World of Warcraft'', '' StarCraft II'', and ''Overwatch'' from 2008 to 2023. History The company was founded in June 1997 by Chinese entrepreneur Ding Lei, and grew rapidly due in part to its investment in search engine technology. In 2012 the com ...
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Sohu
Sohu, Inc. () is a Chinese Internet company headquartered in the Sohu Internet Plaza in Haidian District, Beijing. Sohu and its subsidiaries offer advertising, a search engine (Sogou.com), on-line multiplayer gaming (ChangYou.com) and other services. History Sohu was founded as Internet Technologies China (ITC) in 1996 by Charles Zhang after he completed his PhD from the Massachusetts Institute of Technology and received venture capital funding from colleagues he met there. The following year, Zhang changed the name of ITC to Sohoo in homage to Yahoo! after meeting its cofounder, Jerry Yang; the name was soon after changed to Sohu to differentiate it from the American company. Sohu has been listed on NASDAQ since 2000 through a variable interest entity (VIE) based in Delaware. Sohu's Sogou.com search engine was in talks to be sold in July 2013 to Qihoo for around $1.4 billion. On September 17, 2013, it was announced that Tencent has invested $448 million for a minority sha ...
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Mainland China
"Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. By convention, the territories that fall outside of the Chinese mainland include: * Hong Kong, a quasi-dependent territory under PRC rule that is officially designated a " Special Administrative Region of the PRC" (formerly a British colony) * Macau, a quasi-dependent territory under PRC rule that is officially designated a "Special Administrative Region of the PRC" (formerly a Portuguese colony) * Territories ruled by the Republic of China (ROC, commonly referred to as Taiwan), including the island of Taiwan, the Penghu (Pescadores) islands in the Taiwan Strait, and the islands Kinmen, Matsu, and Wuqiu (Kinmen) offshore of Fujian. Overseas Chinese, especially Malaysian Chinese and Chinese Singaporeans, use this term to describe people ...
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