China's Telecom Revenue Rises 10% in 2011
Revenue from China's telecommunications industry rose 10% to ¥988 billion and telecommunications fees dropped 4.8% on average in 2011, the Ministry of Industry and Information Technology said. The nation had 513 million netizens, including 360 million who used cellphone to access the internet, as of the end of last year.
China's Online Gaming Revenue Tops ¥10b in Q4 2011
Revenue from China's online gaming market grew 8.3% quarter on quarter and 28.5% year on year to ¥10.29 billion in Q4 2011, with Tencent Holdings Ltd (HKG: 0700) snatching the lion's share of 31%, followed by NetEase.com Inc's (NASDAQ: NTES) 17.8% and Shanda Interactive Entertainment Ltd's (NASDAQ: SNDA) 16.7%, Analysys International said.
China's Power Use Capped at 640m KWh by 2015
China's annual electricity consumption should not exceed 640 million kW hours by the end of 2015, the National Development and Reform Commission said.
$1 = ¥6.31