News Digest

Follow the last news about technology, media and telecoms companies in China.

China News Digest: May 28-30, 2016

The following press releases and news reports about China companies were carried on May 28-30. To view a full article or story, click on the link next to the headline.
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  • China’s Zoomlion (HKEx: 1157) Abandons Pursuit of Crane Maker Terex (NYSE: TEX) (English articlen
  • MIIT Releases List of 29 Malwares, Including 4 on Baidu’s (Nasdaq: BIDU) Mobile Assistant (Chinese article)
  • P2P Lender Lufax May Delay IPO to 2017 Due to Market Turmoil, Regulator Queries (Chinese article)
  • Tencent (HKEx: 700), Weiying Invest $85 Mln in South Korea’s YG Entertainment (PRNewswire)
  • Qualcomm (Nasdaq: QCOM) JV Developing Customized Mobile Chip for China (Chinese article)

China News Digest: May 27, 2016

The following press releases and news reports about China companies were carried on May 27. To view a full article or story, click on the link next to the headline.
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  • Wanda Commercial (HKEx: 3699) buyout offer delayed by regulator’s queries – sources
  • Lenovo (HKEx: 992) Announces Fiscal Q4, Full Fiscal Year Results (HKEx announcement)
  • Huawei Launches MateBook Notebook PC in China, Starting at 4,988 Yuan (Chinese article)
  • Baidu (Nasdaq: BIDU) Ruled Guilty of Unfair Competition, to Pay Dianping 3.23 Mln Yuan (Chinese article)
  • Telstra’s Autohome (NYSE: ATHM) Sale Faces Cayman Islands Court Action (English article)

China News Digest: May 26, 2016

The following press releases and news reports about China companies were carried on May 26. To view a full article or story, click on the link next to the headline.
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  • Alibaba (NYSE: BABA) Undergoing SEC Investigation Over Accounting Practices (English article)
  • Tencent’s (HKEx: 700) Ma Says Daily Mobile Payment Transaction Volume Over 500 Mln (Chinese article)
  • BOE (Shenzhen: 000725) Debuts Flexible LED Display at US Trade Show (Chinese article)
  • Baidu (Nasdaq: BIDU) Limits Number of Search Ads Per Page to 4 (English article)
  • Lenovo (HKEx: 992) Analysts Slash Outlook on Company’s ‘Mobile Crisis’ (English article)

China News Digest: May 25, 2016

The following press releases and news reports about China companies were carried on May 25. To view a full article or story, click on the link next to the headline.
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  • Tencent (HKEx: 700) in Talks to Buy Supercell Stake From SoftBank, WSJ Says (English article)
  • Huawei Sues Samsung (Seoul: 005930), Demands Royalties on Phone and Tablet Tech (English article)
  • Chinese Billionaire Chen’s Shanda Buys 11.7 Pct of LendingClub (NYSE: LC) (English article)
  • Tesla (Nasdaq: TSLA) May Push Back Plan for China Manufacturing (Chinese article)
  • Baidu-Affiliated (Nasdaq: BIDU) iQiyi Plans Backdoor A-Share Listing Next Year (Chinese article)

China News Digest: May 24, 2016

The following press releases and news reports about China companies were carried on May 24. To view a full article or story, click on the link next to the headline.
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  • SF Express Eyes Backdoor Listing Using Dingtai Rare Earth (Shenzhen: 002352) (Chinese article)
  • Tencent-Backed China Music Corp Launches Process for NY IPO (Chinese article)
  • Coolpad (HKEx: 2369) Denies Report of Plan to be Acquired by LeEco (Shenzhen: 300104) (Chinese article)
  • Wal-Mart (NYSE: WMT) China Sales Rise 5.1 Pct Y/Y in Q1 (English article)
  • ReneSola (NYSE: SOL) Announces Q1 Results (PRNewswire)

China News Digest: May 21-23, 2016

The following press releases and news reports about China companies were carried on May 21-23. To view a full article or story, click on the link next to the headline.
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  • CIC Ends Talks With Yum Brands (NYSE: YUM) Over China Business – Sources (English article)
  • Mystery Canadian Hotel Buyer Said Potentially Tied to Anbang (English article)
  • Samsung (Seoul: 005930) Integrates Alipay Mobile Pay Function Into Smartphones (Chinese article)
  • Chinese Buyers Circle Soccer “Super” Agent Stellar Group (English article)
  • TCL (HKEx: 1070) Sets Up TV Joint Venture Factory in Egypt (Chinese article)

China News Digest: May 20, 2016

The following press releases and news reports about China companies were carried on May 20. To view a full article or story, click on the link next to the headline.
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  • Temasek, CIC-KKR Advance to 2nd Round of Yum (NYSE: YUM) China Stake Sale (English article)
  • BT (London: BT) Applies for Telecoms Value Added Service License In Shanghai FTZ (Chinese aticle)
  • Sohu’s (Nasdaq: SOHU) Sogou Integrates Bing’s English Search Results (English article)
  • One Year After Trading Suspension, What Has Happened to Hanergy (HKEx: 566)? (Chinese article)
  • Bank of China (HKEx: 3988) Plans 1st Bad Loan Securitization Since 2008 (English article)

China News Digest: May 19, 2016

The following press releases and news reports about China companies were carried on May 19. To view a full article or story, click on the link next to the headline.
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  • Alibaba’s (NYSE: BABA) Ma Cancels Speech After Row With Anti-Counterfeiting Group (English article)
  • Tencent (HKEx: 700) Announces Q1 Results (HKEx announcement)
  • China’s 2015 Mobile Internet User Base Reaches 780 Mln (English article)
  • Xiaomi CEO Lei Jun Takes Charge of R&D, Supply Chain at Company – Memo (Chinese article)
  • Fitbit (NYSE: FIT) Announces Availability of Fitbit Blaze and Fitbit Alta in China (Businesswire)

China News Digest: May 18, 2016

The following press releases and news reports about China companies were carried on May 18. To view a full article or story, click on the link next to the headline.
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  • Midea (Shenzhen: 000333) Said to Plan Takeover Offer for Germany’s Kuka (English article)
  • Dangdang (NYSE: DANG) Receives Revised Proposal to Acquire Company at $6.50 per ADS (PRNewswire)
  • SAIC Motor (Shanghai: 600104) Unit Said to Pick Banks for at Least $500 Mln IPO (English article)
  • Alibaba (NYSE: BABA) Reiterates Commitment to Anti-Counterfeiting Partnership (company announcement)
  • Vipshop (NYSE: VIPS) Reports Unaudited Q1 Financial Results (PRNewswire)

China News Digest: May 17, 2016

The following press releases and news reports about China companies were carried on May 17. To view a full article or story, click on the link next to the headline.
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  • Chinese Ride-Hailing Giant Didi Plans US IPO in 2018: Source (English article)
  • Apple (Nasdaq: AAPL) CEO Cook in China, Engages in Banter at Developer Meeting (Chinese article)
  • BOC Aviation IPO Raises $500 Mln from Cornerstone Investors, Set for June Debut (English article)
  • Terex (NYSE: TEX) Sells off Assets to Pave Way for Purchase by Zoomlion (HKEx: 1157) (Chinese article)
  • iDreamSky (Nasdaq: DSKY) Shareholders Approve Going Private Transaction (GlobeNewswire)

China News Digest: May 14-16, 2016

The following press releases and news reports about China companies were carried on May 14-16. To view a full article or story, click on the link next to the headline.
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  • Anti-Counterfeiting Group Suspends Alibaba (NYSE: BABA) After Member Outcry (English article)
  • Apple (Nasdaq: AAPL) Invests $1 Bln in Chinese Ride-Hailing Service Didi Chuxing (English article)
  • Stock Exchange Queries LeEco (Shenzhen: 300104) Over Film Unit’s High Value (Chinese article)
  • Qihoo (NYSE: QIHU) Says Going Private Transaction Progressing as Expected (PRNewswire)
  • Fosun (HKEx: 656) Among Bidders for Singapore-Based Reinsurer ACR: Sources (English article)