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Tag: Wang Lei Lei

  • Tom Online Inc. buys wireless entertainment firm Infomax

    Tom Online Inc. buys wireless entertainment firm Infomax

    MUMBAI: China’s wireless internet company Tom Online Inc is acquiring a wireless entertainment company Infomax with the maximum valuation capped at approximately $75 million.

    Through the acquisition, Tom Online will gain access to Infomax’s extensive TV distribution network which reaches out to millions of Chinese households. This acquisition is expected to further strengthen Tom Online’s leadership in China’s wireless Internet market.

    Following the acquisition, significant synergies between Infomax and Tom Online are expected to be created in the coming years. Tom Online has proven and pioneered the integration of TV and wireless media as a new way to inform and entertain Chinese consumers with the purchase of Treasure Base in 2004. By combining Tom Online’s own industry leading service platform with Infomax’s strong TV operator relationships and experience, the company believes the acquisition of Infomax will produce yet more benefits in the areas of product diversification, operational efficiency and content sharing.

    Through its unique relationships with TV operators and other entertainment companies, Infomax has been providing wireless interactive products and services to China’s national TV audience since 2003. Tom Online management believes the purchase presents tremendous synergy potential for enhancing Infomax’s existing product portfolio given Tom Online’s leadership in SMS, WAP, MMS, CRBT and IVR services.

    Tom Online CEO Wang Lei Lei said, “The achievements accomplished by Tom Online in the wireless Internet market today are not only the results of our ability to continuously innovate, they are also the results of our solid working relationships with mobile operators such as China Mobile. With that as a foundation, we work hard to build the most comprehensive and multifaceted distribution network in the SP industry, and focus on formulating strategies to develop entertainment and sports-related products. In the TV media alone, we have accumulated a vast amount of content cooperation experiences through our partnerships with more than 200 TV stations. I believe, with the addition of Infomax, Tom Online will be able to further enhance its TV distribution network, which in turn will help promote the growth of our entertainment services.”

    Besides TV alliances, Tom Online’s extensive distribution platform also brings many media partners from print, radio and the Internet, as well as audio and visual distributors and handset manufacturers. Through its acquisition of service provider Treasure Base in August 2004, Tom Online became the exclusive wireless content partner of China’s most watched sports channel.

  • Tom Online and Titan Sports join forces on FIFA World Cup coverage

    Tom Online and Titan Sports join forces on FIFA World Cup coverage

    MUMBAI: China’s wireless internet company Tom Online Inc. has entered into an exclusive cooperation with sports newspaper Titan Sports Weekly, to provide joint coverage on this year’s FIFA World Cup. It also includes a range of other long-term initiatives, including the launch of a new sports channel, http://titan.tom.com , on its portal http://www.tom.com.

    In line with Tom Online’s strategy to form unique alliances with key media organisations to broaden its reach to Chinese consumers and share revenue with partners, the strategic cooperation with Titan Sports includes the integration of sports content, wireless Internet technologies and marketing resources to deliver a more compelling sports experience to Chinese consumers.

    Tom Online CEO and executive director Wang Lei Lei said, “I believe that this cooperation between Titan Sports and Tom Online’s forms an integral part of our long-term strategy to provide unparalleled sports content and applications to Chinese consumers, which can be delivered through both mobile devices and the PC, helping to differentiate our services from our competitors and fulfill the growing needs of sports fans in China.”

    Titan Sports president Qu Youyuan said, “I’m very excited about this closer relationship between the two companies. Titan Sports and Tom Online have a successful history of working together on major events such as the Athens Olympic Games and UEFA soccer matches. As an official media organisation in China for this year’s soccer World Cup, Titan Sports is committed to providing soccer fans with the most in-depth, extensive and up-to-date reports on the field, particularly through its online coverage with Tom Online on titan.tom.com.”

    Titan Sports is China’s largest sports newspaper with a weekly circulation of over four million. As a part of the exclusive cooperation arrangement, Titan Sports will provide first hand stories, pictures and audio-visual material to Tom Online for online and wireless Internet users.

    In addition to the alliance with Titan Sports, Tom Online is also an exclusive wireless Internet services partner with CCTV5, which holds exclusive rights to broadcast World Cup matches in China.