China's Top Web Portals Ride Wireless Wave To Profits

Chinese web portals were struggling to make money as the government was closing down cybercafes and consumers showed little interest in online shopping. But now they are starting to show profits thanks to revenue sharing arrangement with mobile operators. Sina.com alone expects mobile services to bring in $3 million per quarter. And what are people paying for? World Cup soccer updates were a big hit along downloadable ringtones and graphics.

Filed Under: mcommerce