7 Internet Companies Awarded Fortune China’s 2005 Coolest Companies

Written by Tangos on February 5, 2006
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Totally 16 companies from China made the Fortuna China Magazine’s 2005 Coolest Companies List, 7 among them are internet companies, their business range from online games and download tool to new online media like podcasing and e-magazine, from mobile search to WAP portal.

3G.net.cn is a Guangzhou-based free WAP(Wireless Application Protocol) portal for mobile users, to provide ringtone and image download, mobile game, news and information and other mobile-based services. By the end of 2005, its users amounted to 10 million. In early 2005, IDG invested 2 million USD in 3G.net.cn, and it is seeking second round financing.

Cgogo, established in 2003, provides wireless search service that enable mobile users to search internet information on their cellular phones. “Cgogo Search is an innovation of dynamic fuzz search for concept clustering.” It generates revenue by the similar way as Baidu does, that is auction-based paid list services for corporates.

ChinaCache, founded in 1998, is the most famous CDN (Content Distribution Network) provider in China, and currently renders services for Sohu, Netease, eBay China, XinhuaNet and many other main stream sites. ChinaCache made break-even in 2002 and become profitable since 2003. Its revenue of 2005 is expected to RMB 62 million Yuan (about 7.65 million USD).

Nineyou mainly provides online casual games One of its most important games is O2Jam, a multi online music play game developed by O2media from Korea. 9you got 20 million USD investment from Carlyle Group and other investors in 2004 and 2005. Its peak concurrent game users reached 600,000 by the end of 2005. Nineyou’s revenue of 2005Q4 amounted to RMB 50 million Yuan (about 6.2 million USD).

Toodou is the only company in the list that we have covered before, and I think our readers are very familiar with it. It seems Toodou has been a representative sites for web2.0 development in China, many main stream media will take Toodou as an example when reporting China’s web2.0. Congradulations, Gary!

Thunder, a IDG invested company, provides a broadband download tool using P2SP/P2P technology.

Xplus (Nu Channel) is a company to distribute online interactive magazines. Its Xplus software takes advantage of P2P service to effectively distribute e-magazines, and will also provide readers analysis for magazine publishers. In the year 2005, total magazine volumes exceed 28 million copies. In April 2005, investors led by Legend Capital and iD Tech Ventures Ltd. (Acer) invested 4.5 million USD into Xplus.

4 Responses to “7 Internet Companies Awarded Fortune China’s 2005 Coolest Companies”

  1. David Scott Lewis on February 13th, 2006 10:41 am

    The link to Fortune’s listing doesn’t work, but several significant players were not included among those companies listed above, including Worksoft Creative Software, Beyondsoft, Neusoft. Many, like Worksoft and Beyondsoft, are positioned to be the Infosys of China. I realize that IT outsourcing firms are not likely going to make the podium at a DEMO conference, but I believe that the Web2.0 definition needs to be expanded to include solution providers — especially those that may rattle the industry.

  2. Tangos on February 13th, 2006 3:01 pm

    The link works well for me, but it is in Chinese, not sure whether you can read it or not.

    I’m not sure you and me are talking the same list, since the companies you talked about are not in the list mentioned by the post.

  3. dustintheforest on February 15th, 2006 8:46 pm

    did a google and found beyondsoft is really a cool software company. actually when i first saw those strangers (except for the media-background-ed toodou and xplus) in the cool-chinese-comanpy lists the first wild guess was that all of them are outsourcing company: why not. as i know, all those outsourcing software companies in china are identically well-formed and well-managed. maybe when the contracts are over, guys who currently work for the outsourcing software company shall come back (mentally) and help improving the quality of current chinese software industry a huge bit.

    And yes. they (the outsourcing software companies) are cool is not only because they are well managed and well formed, but also because they are so usually low-key. salut to the solution providers!

    btw, why did cwrblog change the neat template back to this one? everytime it made me thought i came to the wrong site …

  4. Tangos on February 16th, 2006 12:48 am

    sorry for changing the template again. Because I just think the previous template is not ideal. This template will not change for a long time, though some small fine tune on CSS will be made. Sorry for it again.

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