Question-and-Answer Session
Operator
(Operator Instructions) The first question is coming from Alex Xu from Brean Murray.
Alex Xu - Brean Murray Carret & Co.
A quick question first of all -- I probably missed the first part of the conference call. Did you guys announce the cash revenue number for the quarter, number one? And number two, also what is the -- what was the ASP or average selling price per user during the December quarter?
Jeff Wang
First actually, we disclosed cash inflows from retail subscription business in our earnings release. Let me -- our cash inflow from retail subscription business totaled $13.73 million compared to $11 million last quarter, up 24%. And talking about the average subscription fees for our subscribers in Q3, it’s about $48 per month.
Alex Xu - Brean Murray Carret & Co.
Forty-eight dollars per month, so it’s roughly say close to $600 per year, basically.
Jeff Wang
Yes.
Alex Xu - Brean Murray Carret & Co.
Right, okay. And then on the general kind of a question -- you guys mentioned that Daily Growth, the brokerage in Hong Kong, as well as the China Telecom partnership, in the same time you’ve since talking about the -- you know, you made the discussion with additional partners. Can you just guide us through in terms of what kind of partners or what’s in general the direction you are looking at to form this kind of partners?
Jeff Wang
Well, I would suggest our CEO may be in a better position to answer this question about the strategic partnerships.
Zhiwei Zhao (Translation)
As I mentioned in my previous speech, we have been actively looking for those complementary sources which could contribute to the increase of paying subscribers, and also to utilize our current market user base.
At the end of 2007, we have over -- we have 9 million registered users from our two leading financial websites, jrj.com and stockstar.com. As those registered users do have increasing demands on our products [outside of] our current financial information services. As I mentioned in November 2007, we acquired Daily Growth, the Hong Kong brokerage firm, a Hong Kong securities brokerage firm. This actually is our first try to provide more new services to our current customers.
We have two criteria to choosing our partners. The first one is we aim to increase the number of our registered users and paying subscribers. The second one is we try to look for those complementary sources to provide these new value-added services to our current customers. We have been working very hard in this direction. Thank you.
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