March 7, 2004
Chinese dotcoms look to multimedia messaging services for profit growth
China's top dotcoms believe multimedia messaging services (MMS) will become a gold mine sustaining their profit growth, and have earmarked large sums for aggressive development, according to channelnewsasia.com.
"The peak season for short text messages is over," Sohu's CEO Charles Zhang said according to Xinhua news agency. "MMS based on (2.5-generation) technology will herald explosive growth in 2004."
At the end of last year, eight million Chinese residents subscribed to MMS, and experts believe MMS for mobile subscribers will expand to an industry worth 22 billion dollars by 2008, according to Xinhua".
"The rising MMS business ushers in a new wireless Internet era," said an industry expert." It doesn't simply mean a reordering of Internet portals. It will redefine themarket."
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