A report titled with “This Year, Next Year: China Media Forecasts 2008″ was released by GroupM, a global media investment management operation, in 21 July 2008. There are some conclusions drawn by the report below:

Growth in 2007 was relatively restrained, as many marketers are conserving funds for the anticipated Olympic bonanza in Q3 this year. [...]

From Yahoo,
BEIJING, China–(BUSINESS WIRE)–Oak Pacific Interactive (OPI), the leading provider of Web 2.0 communities in China, announced today that SOFTBANK Corp. has agreed to lead an investment totaling $430 million for approximately 35% of the company. The investment will be used to augment the market leadership of Oak Pacific’s Xiaonei.com, China’s largest social-networking site. SBI [...]