Netease's total revenues for the first quarter of 2009 were RMB781.7 million (US$114.4 million), compared toRMB801.7 million (US$117.3 million) and RMB651.9 million (US$95.4 million) for the fourth and first quarters of 2008, respectively. 

AirMedia Group Inc. (Nasdaq: AMCN), anoperator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, reported financial results for the first quarter ended March 31, 2009.

Perfect World's (NASDAQ: PWRD) total revenues were RMB425.1 million (USD62.2 million), an increase of 1.8% from 4Q08 and 40.2% from 1Q08. Net income was RMB215.4 million (USD31.5 million), an increase of 72.6% from 4Q08 and 36.1% from 1Q08.

GigaMedia Limited (Nasdaq: GIGM) announced today that Board member Michael Ding has been appointed Chairman of the Board by the Directors of GigaMedia. Michael Ding became a member of GigaMedia's board in July 2003 and was appointed non-Executive Chairman of GigaMedia by the Board of Directors on May 14, 2009.

NetDragon's revenue rose 27.4% to 173.9 million RMB ($25.6 million) and profit rose 12.0% to 48.9 million RMB ($7.2 million) in Q1 2009.

Mr. Liu Dejian, Chairman and Executive Director of NetDragon, said, ''2009 marks the 10th anniversary of NetDragon's founding, and we are pleased with our strong operating results during the first quarter of this year. Finally, as we build our R&D 'power plant' for future growth, we will continue to invest in emerging technologies and new media opportunities, thereby laying the foundations for sustainable long-term growth."

Total revenues for the first quarter of 2009 increased 38% year-over-year and increased 11% quarter-over-quarter to $ 29.6 million, exceeding the company's first-quarter revenue guidance of $27.5  to $28.5 million. It said 1Q09 net income was $2.52 million, a significant increase compared with 4Q08 net income of $ 0.52 million.

Zynga a developer of social games, said it is now seeing more than 10 million daily active users (DAU) across its games. The company was launced in January 2008. Last month, Zynga became the top application developer on Facebook according to AllFacebook and AppData.

For the first quarter of 2009, Chinese travel site Ctrip reported total revenues of RMB429 million (US$63 million), representing a 17% increase from the same period in 2008 and a 1% increase from the previous quarter.

 Governments and software companies are making progress in slowing the illegal use of personal computer (PC) software products, but progress has stalled in the United States, posing serious challenges to the high tech sector and cyber security.

NCsoft (KSE: 036570.KS) today reported earnings results for 2009 Q1. On a consolidated basis, sales came to KRW 133.4 billion ($USD 107.7 million), operating profit KRW 42.5 billion ($USD 34.3 million), and net profit KRW 33.5 billion ($USD 27.0 million). Sales, operating profit, and net profit showed sharp escalations with an increase of 34%, 221% and 422% respectively quarter over quarter (QoQ).