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Archive for the ‘Virtual Money’ Category

Have you already planned your online funerals? Recently thousands of online tombs have been established in China. Online burial sites are convenient way to pay respect to the dead. Online tombs are also relatively cheap, 10 yuan (1 euro). After selecting a graveyard user can offer flowers and candles to the dead. “The Web page [...]

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Newspaper industry is looking for a new way to get revenue. Google wants to be a part of newspaper industry’s future; Google ‘wants to save newspapers’ with a micropayment engine. “Micropayments are just part of Google’s overall plan to help newspapers make money from online content. Google’s proposal — its “vision of a premium content [...]

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Chinese media is controlled by the government but it doesn’t remove the fact that China has the largest media audience in the world. The rise of digital media, the Internet and mobile devices are changing China. “There’s a move to innovative business models and that’s particularly true in the digital industries,” said Martin Bloom, co-founder [...]

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$5+ billion business worldwide and rapidly growing. “Analysts estimate that virtual goods could bring in a billion dollars in the United States and around $5 billion worldwide this year — all for things that, aside from perhaps a few hours of work by an artist and a programmer, cost nothing to produce.” (NY Times) From [...]

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Profit from virtual money: “Asians spend an estimated $5 billion a year on virtual purchases via websites such as Qzone, Cyworld in South Korea and mobile-phone based network Gree in Japan, according to Plus Eight Star. That’s about 80 percent of the global market for virtual products, it says.” (China Daily) Status-orientated: “East Asian societies [...]

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