Exhibit 10.48**Agreement on Technical Service**     This Agreement is made and entered into this day of January 1, 2005 by and between**Sina.com Technology (China) Co. Ltd.**(“Party A”) with its principle address at Ideal Plaza, 20F, 58North 4th Ring Road West, Haidian District, Beijing, PRC and **Beijing SINA Infinity Advertising Co.,Ltd.**(“Party B”) with its principle address at Ideal Plaza, 18F, 58 North 4th Ring Road West,Haidian District, Beijing, PRC .     Whereas:(1) Party A is a limited company incorporated in the People’s Republic of China (“PRC”). Itposses resources and technologies for website software development.(2) Party B is an online advertising limited company registered in PRC, and is engaged in thebusiness of online advertising service;(3) Party A agrees to provide Party B with the corresponding online advertising softwareapplication services according to and subject to the provisions of this Agreement, including,but not limited to, technical support, technical training and technical consultation. Party Bagrees to accept the above services provided by Party A.     NOW, THEREFORE, in consideration of covenants and agreement herein contained through friendlyconsultation, the parties hereby agree as follows:**1.** **Technical services**1.1 Party A shall according to the terms in this agreement provide any technical services(including, but not limited to, technical support, technical training and technicalconsultation as well as those services listed in appendix I) for online advertising and otherrelated business operated by Party B.1.2 Party B shall provide Party A with any and all necessary assistance including, but notlimited to: 1.2.1 Urge its employees to take proper, reasonable due diligence when using andoperating the system and the equipment;  1.2.2 Inform Party A without any delay of any circumstance that may affect thebusiness operation of Party B;  1.2.3 Allow Party A and its authorized persons to access any site owned or rented byParty B that stores any system or equipment relating to its business operation at anyreasonable time;  1.2.4 Provide any other necessary assistance.1.3 Both parties agreed, if necessary, the parties will meet under the framework of theprovisions of this Agreement, the technical services for the content, services modalities,
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  technical personnel and other specific terms or adjusted accordingly.**2.** **Technical Service Fees and Payment**2.1 For technical services rendered by Party A, both parties agree hereby that the technicalservice fee shall be based on the following formula:Technical services fee = 1,000 Yuan per person per hour * number of days * number of hours**3.** **Intellectual property**3.1 Party A shall enjoy monopoly and exclusive rights to all intellectual property rights,including but not limited to its advertising design and development of any software copyright,arising from the implementation of this agreement.**4.** **Confidentiality**4.1 Either party shall keep any confidential material or information (hereinafter referred to as“confidential information”) of the other party acquired or accessed in signing or performingthis agreement highly confidential and shall not disclose, give or transfer such confidentialinformation to any third party, unless written approval has been obtained from the otherparty.4.2 Either party shall return, destroy or dispose any document, data or software carryingconfidential information of the other party to such party in any desirable way upon requestand shall not use such confidential information thereafterwards.4.3 Both parties agree that regardless of changes, cancellation or termination to the agreement,the provisions will remain in effect.**5.** **Declaration and guarantee**5.1 Party A declares and guarantees 5.1.1 Party A is a company legally incorporated and existing underthe laws of PRC;  5.1.2 Party A signs and performs the obligation prescribed in this agreement under itsauthority and business scope, and has carried out proper authorization within thecompany; which do not constitute any breach of any restriction of legal documentsbinding upon such party  5.1.3 This Agreement shall become effective, legally binding and enforceable on thedate of its being signed.
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5.2 Party B declares and guarantees: 5.2.1 Party B is a company legally incorporated and existing underthe laws of PRC;  5.2.2 Party B signs and performs the obligation prescribed in this agreement under itsauthority and business scope, and has carried out proper authorization within thecompany; which do not constitute any breach of any restriction of legal documentsbinding upon such party  5.2.3 This Agreement shall become effective, legally binding and enforceable on thedate of its being signed.  5.2.4 Party B’s advertisements do not violate any use of laws, regulations orgovernmental policies**6.** **Force Majeure**6.1 When the implementation of this agreement was delayed or hampered, due to any “ForceMajeure”, the affected party shall not be liable under this agreement to the event caused by“Force Majeure “. “Force Majeure event” means event that cannot be avoided, when a party hadexercised reasonable control and the affected party had already exercised reasonableattention, including but not limited to, acts of government, natural forces, fire, explosion,geographical changes, storms, floods, earthquakes, tidal, lightning or war. However, financialinformation, insufficient funds or financing should not be considered as event that beyond oneparty’s reasonable control. Party affected by the “force majeure events” shall notify theother party the “force majeure events” and inform the other party of the procedures necessaryto implement the responsibilities under this agreement so as to seek a waiver from thisagreement or a waiver from any responsibility under any provision of this agreement.6.2 The affected party of the “Force Majeure event” is not liable under this Agreement only whenthe affected party has made reasonable efforts to implement feasible responsibility of thisagreement. A waiver of liability is limited to the portion of delay or hamper caused by the“Force Majeure event”. Once such exoneration reasons rectified or remedied, both partiesagreed to resume the best efforts to make the agreement fulfilled.**7.** **Effectiveness and Early Termination**7.1 This Agreement shall become effective when signed on the date stated at the beginningparagraph of this agreement. Other than early terminated according to this agreement, thisagreement is valid for one year from January 1, 2005 to December 31, 2005. Prior to theexpiration of the initial term, this agreement can be renewed upon written confirmation byboth parties.
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7.2 Without cause harm to the rights or subsidy of the party which initiate the terminationaccording the laws, this agreements or other documents, either party shall have the right toterminate this Agreement immediately by giving written notice to the other party in the event thatthe other party commits any breach of any of the provisions of this Agreement and, in the case of abreach capable of remedy, fails to remedy the same within 30 days after receipt of a written noticegiving full particulars of the breach and requiring it to be remedied.**8.** **Settlement of Disputes and Governing Laws**8.1 The Parties shall settle with good faith all disputes regarding to interpretation andenforcement of any provisions of this Agreement by consultation. The disputes that are failedto be resolved by consultation shall be referred to China International Economic and TradeArbitration Committee for arbitration according to its existing arbitration rules. The placeof arbitration shall be in Beijing; and the language used in arbitration shall be Chinese. Thedecision of arbitration shall be final and binding upon both parties hereto.8.2 Laws and regulations of PRC shall be applied for conclusion, execution, interpretation andsettlement of disputes concerning this agreement.**9.** **Miscellaneous**9.1 Both parties may make amendments and supplements to this Agreement in written form, whichshall be part of this Agreement with equal legal force.9.2 If any provision of this Agreement is entirely or partially invalid or unenforceable for thereason of violating laws or government regulations or other reasons, the affected part of suchprovision shall be deemed as deleted. But deleting the affected part of such provision shallnot impose any effect upon the legal effect of other part of such provision and otherprovisions of this Agreement. The Parties shall negotiate and conclude new provision toreplace such invalid or unenforceable provision.9.3 Without written consent from the other party, each party shall not transfer its rights andobligations under this agreement to any third party.   **Sina.com Technology (China) Co. Ltd.** **Beijing SINA Infinity Advertising Co., Ltd.**   * * * *Authorized Representative Authorized Representative
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**Appendix 1:Contents of Technical Service**Both parties agree hereby that the contents of the technical service specified by thisagreement shall include, but not limited to, the following:**1** **Technical Support for Web Advertising** 1.1 Party A agrees hereby to provide technical service in connection with web advertising to partyB, including, but not limited to the following: 1.1.1. Development, update and upgrade of software for releasing network advertisement; 1.1.2. Installation and debugging of software for releasing network advertisement; 1.1.3. Technical maintenance of software for releasing network advertisement; 1.1.4 .Designing and making of network advertisement; **2** **Technical Training** 2.1. Party A agrees hereby to provide the following training service to party B and its staffs: 2.1.1. Skill training for Installation and operation of the equipment and facilities; 2.1.2. Training Service for customers service and technology or others; 2.1.3. Training for application of online editing software. **3** **Technical Consultation** 3.1. Provide consultation service for the purchase of equipment and softwareand hardware system needed for network operation developed by party B,including, but not limited to technical advice for selection,systematic installation and debugging of tool software, internetapplications and technical platform as well as purchase, type andperformance of suitable hardware facilities and equipment. 3.2. In relation to technology project specified by party B, Party A agreesto provide technical consultation service including technical argument,technical forecast, technical Investigation for specific subject,report of analysis and assessment to party B 3.3. Provide technical consultation for application of network software,hardware, equipment and online editing software of the system set or tobe set by party B. 3.4. Provide the following information to party B: domestic, oversea andparty B’s network service including investigation, analysis andassessment report of trend, technology, cost and income of specialnetwork service. 3.5. Party B may make problem inquiry or function consultation on specifictechnical problems through Email, telephone, fax and the engineers ofparty A shall assist Party B to settle such problems for clients. 3.6. In case of any emergency out of Party B’ control, the engineers ofParty A may log into the websites via telnet to inspection and systemand then solve the problems after obtaining consent from Party A. 3.7. Party A may meet the requirements of other technical consultationsproposed by party B within its compass.[Text ends]
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