Archive for: chinese

Google Attacks Definitely From China

chinese flag Two universities, funded by the Chinese military to train computer scientists for use in their forces, have had their computers used on the recent cyber attacks on major companies such as Google. This news comes as Google contemplates its withdrawal from China following disagreement with the Chinese government over censorship.

Interestingly enough, the universities are also part of a network which is operated by Baidu who stands to gain millions of users upon Google’s departure.

The Chinese government has denied any involvement of sanctioning of these cyber attacks upon US-based web companies and stressed it has been the victim of many cyber attacks itself.

“Computers at Shanghai Jiaotong University and the Lanxiang Vocational School in China reportedly played a role in the attacks, according to unnamed sources cited in The New York Times.” reported Information Week.

Cyber attacks are on the increase and are frequently becoming a method for governments to send diplomatic messages to one another. When the US asked Twitter to keep the service up (as apposed to taking it down temporarily for maintenance) during the Iran elections, it became clear that social networks and internet giants are the key targets in all of this. But how long will it be until utility companies and government databases are targeted on a big scale?

Chinese Social Network Earns Alot More Than Facebook — Only 13% from Advertising

It has been reported that Chinese social network QQ made $523 million in revenues last year, which actually is almost four times more than Facebook. Facebook only turned over a revenue of $150 million, and while they reported a $50 million loss in 2007, QQ reported a profit of $224 million.

However, the most surprising stat is that QQ earned only 13 percent from online ad revenue. The majority of their revenues come from virtual goods, games and even mobile services made them 21 percent of the total. Facebook, wake up, this is the way forward. Services will always make more money than advertising.