Posts Tagged ‘Longtop’

China’s Tudou.com Reinvigorates IPO Plans As CEO Settles Marital Dispute

Amid a thunderous drop in Chinese companies’ market capitalization in recent weeks, Tudou.com has filed an amendment to its filing for an initial public offering in the United States to raise money for its online video operations in China. In filings issued hours ago, Tudou Holdings Limited says a lawsuit between Chairman and CEO Gary […]


China Information Technology’s CFO Abruptly Leaves Company

Nasdaq shares of China Information Technology Inc. plummeted more than 20% last Friday after the company announced the abrupt departure of its chief financial officer. The Shenzhen-based geographic information systems provider said Friday that Jackie You Kazmerzak would resign from her post as chief financial officer effective today to pursue another career opportunity. The company […]


Longtop’s CFO Quits As Chinese Software Company’s Auditor Resigns

In the middle of flak concerning alleged securities fraud, Chinese financial services software firm Longtop Financial Technologies Limited announced that its chief financial officer, Derek Palaschuk, who was previously CFO at Chinese Internet firms Sohu.com and eLong.com, has resigned. Palaschuk, a Canadian working for the southern Chinese software company since around the time of its […]


Renren.com’s Pre-IPO Problems May Not Move China Investors To Run Run

In China all media is social, so Chinese Internet social media and social networking website Renren.com’s initial public offering planned in a few hours should be smooth sailing. However, the departure of a company director over the weekend and recent inconsistencies in its statistics have caused concern for investors. Derek Palaschuk, chief financial officer of […]


Longtop Posts Decent Revenue Increase In China

Longtop Financial Technologies (LFT) just announced its unaudited financial results for the fiscal fourth quarter and fiscal year ended March 31, 2008.


Data Integration Solutions To Assist China’s Largest Asset Management Firm

Chinese financial software firm Longtop (LFT) has signed an agreement to provide data integration solutions to Chinese asset management company China AMC.


Longtop Completes Software Installation With CDB

Longtop (LFT), a software developer targeting the financial services industry in China, announced the completion of its implementation of the SWIFT Messaging Process Systems for China Development Bank.


Longtop To Develop Anti Money-Laundering System In China

Chinese financial software services developer Longtop (LFT) has signed an agreement with China Minsheng Bank to develop software and solutions for the bank’s anti money-laundering system.