Question-and-Answer Session
Operator
(Operator Instructions) The first question is coming from Chris Fox from [I.N. Fox Capital]. Go ahead, please.
Chris Fox - I.N. Fox Capital
Hello and thank you for taking my questions. What I was wondering about is on a longer term basis, what is the plan for China Finance in light of the likelihood of further development in Internet companies such as Baidu, potentially offering the services you charge for for free.
In the United States, subscription services are limited. Companies like thestreet.com don’t have great revenues and profits and it seems to be because brokerage firms offer these services for free and so do companies like Yahoo! and Google. So in the context of the Chinese market, I would be curious how you plan to address that.
Jeff Wang
Thank you, Chris. Actually, I will answer your question first and our CEO may add some other points.
Basically, the information we offer on our website is free. Our website is similar, offers free content similar to Yahoo.com or Baidu.com, or similar to thestreet.com. But our subscription based services, our premier service that we have premier content and most of these subscription services are not Internet based. They are downloadable software installed on computers and some of the low ticket products are installed on cell phones.
To support these subscription services, we acquired -- actually, our in-house proprietary database provider Genius last year and as we announced earlier this quarter, Genius also -- we also struck a strategic alliance with Tsinghua University, one of the top universities in China, to co-develop, to improve the quality of our data and also our content.
This can well-serve the growth of our business in the future.
Chris Fox - I.N. Fox Capital
Thank you.
Operator
(Operator Instructions) The next question is coming from Alex Xu from Brean Murray. Go ahead, please.
Alex Xu - Brean Murray Carret & Co.
Thank you. I have a quick question; I joined the call a little bit late so I don’t know whether you already mentioned this or not -- can you comment a little bit regarding the overall macro environment in China, particularly the Chinese stock market and the Hong Kong stock market, for that matter, how that impacts or not impacts your business and what’s your outlook -- for example, what’s your guidance for 2008 factor into what kind of a macro environment in your guidance, basically? Can you comment a little bit on that? Thanks.
If you have any additional questions about our online transcripts, please contact us at: transcripts@seekingalpha.com. Thank you!- To read the full transcript on Seeking Alpha, click here »
