News Digest

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

News Digest: February 2, 2016

The following press releases and media reports about Chinese companies were carried on February 2. To view a full article or story, click on the link next to the headline.
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  • Youku Tudou (NYSE: YOKU) VP Questioned by Police for Illegal Activity (Chinese article)
  • New Oriental Proposes China IPO for Xun Cheng, After Tencent Investment (PRNewswire)
  • Blackstone Shops China Software Firm Pactera to Potential Buyers (English article)
  • Sinovac (Nasdaq: SVA) Announces Receipt of Proposal to Buy the Company (PRNewswire)
  • OPPO, Vivo Snap at Apple’s (Nasdaq: AAPL) Heels in China Mobile Market (English article)

News Digest: January 30-February 1, 2016

The following press releases and media reports about Chinese companies were carried on January 30-February 1. To view a full article or story, click on the link next to the headline.
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  • Terex Sale Talks with Zoomlion (HKEx: 1157) Continue despite Worry US May Block
  • McDonald’s (NYSE: MCD) to Launch 150 Customized Burger Stores in China in 2016 (English article)
  • China FDA May Take Back Alibaba’s (NYSE: BABA) Drug-Selling Authorization (Chinese article)
  • ZTE (HKEx: 763) Speeds Up Wireless Equipment Charging Business (Chinese article)
  • Xiaomi Removes Air Purifiers from Flagship Store Amid More Doubts (Chinese article)

News Digest: January 29, 2016

The following press releases and media reports about Chinese companies were carried on January 29. To view a full article or story, click on the link next to the headline.
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  • Alibaba Group (NYSE: BABA) Announces December Quarter Results (Businesswire)
  • Baidu (Nasdaq: BIDU) to Spin Off and IPO Music, Literature, iQiyi, Other Units – Reports (English article)
  • JD.com (Nasdaq: JD) Tests Drones to Speed Rural Area Deliveries (Chinese article)
  • Western Digital (NYSE: WDC) Clock Reset Shows Hurdles for Tsinghua Unigroup Sale (English article)
  • Carrefour (Paris: CA) to Expand China E-Commerce Drive with App Roll Out (Chinese article)

News Digest: January 28, 2016

The following press releases and media reports about Chinese companies were carried on January 28. To view a full article or story, click on the link next to the headline.
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  • Greater China Still Biggest Contributing Region as iPhone Sales Top Out (Chinese article)
  • China Cinda Said to Study Joining Yingli’s (NYSE: YGE) Debt Restructuring (English article)
  • Ericsson (NYSE: ERIC) Q4 Results Beat Expectations on China Rebound (Chinese article)
  • Qihoo (NYSE: QIHU) CEO Pledges 10 Pct Stake to Encourage Staff Entrepreneurship (English article)
  • TAL Education (NYSE: XRS) Announces Financial Results for Its Fiscal Q3 (PRNewswire)

News Digest: January 27, 2016

The following press releases and media reports about Chinese companies were carried on January 27. To view a full article or story, click on the link next to the headline.
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  • Fox (Nasdaq: FOX) to Launch First Simpsons Stores Soon in China (English article)
  • Ctrip (Nasdaq: CTRP) Transaction Volume to Reach 1 Trillion Yuan by 2020 – CEO (Chinese article)
  • Tesla’s (Nasdaq: TSLA) Elon Musk Working to Find Chinese Production Partner (English article)
  • Family and Friends Lending App Jiedaibao Wins 2.5 Bln yuan Series B Funding (English article)
  • Merchants Bank (HKEx: 3968) Invests $200 Mln in Didi Kuaidi, Ties in Finance (Chinese article)

News Digest: January 26, 2016

The following press releases and media reports about Chinese companies were carried on January 26. To view a full article or story, click on the link next to the headline.
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  • China Bears Descend on Alibaba (NYSE: BABA) as Economy Woes Grow (English article)
  • Coolpad (HKEx: 2369) to Raise at Least HK$719 Through Rights Issues (HKEx announcement)
  • Shanda Group Ends Shanda Games Ties, To Transform As Global Investment Firm (PRNewswire)
  • UnionPay Network Processes Transactions Worth 53.9 Trillion Yuan in 2015 (press release)
  • China’s Mobile Subscribers Passes 1.3 Bln, Penetration Rate Hits 95.5 Pct (Chinese article)

News Digest: January 23-25, 2016

The following press releases and media reports about Chinese companies were carried on January 23-25. To view a full article or story, click on the link next to the headline.
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  • ZTE (HKEx: 763) Eye) 70 Mln Smartphone Sales in 2016, Up 25 Pct, Cautious On China (Chinese article)
  • Wal-Mart (NYSE: WMT) to Open First China Shopping Center, Eyes Cross-Border E-Commerce (Chinese article)
  • Used Car Auction Website Uxin Raises $400 Mln Series D Funding – Source (English article)
  • Sohu (Nasdaq: SOHU) Workers Punished, 2 Fired for Related Party Transactions (Chinese article)
  • Apple (Nasdaq: AAPL) Pay to Launch in China in February – Bank Document (Chinese article)

News Digest: January 21, 2016

The following press releases and media reports about Chinese companies were carried on January 21. To view a full article or story, click on the link next to the headline.
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  • Weibo (Nasdaq: WB) Drops 140-Character Message Limit to Boost Usage (Chinese article)
  • Apple (Nasdaq: AAPL) Accelerates China Expansion with 5 New Stores in January (Chinese article)
  • Ground-Breaking Held for First Six Flags (NYSE: SIX) Branded Theme Park in China (Businesswire)
  • Alibaba (NYSE: BABA) Teams With Nvidia in $1 Bln Bet on Cloud Computing (English article)
  • ZTE (HKEx: 763), Suning Alliance Targets 10 Mln Nubia Smartphone Sales in 3 Years (Chinese article)

News Digest: January 20, 2016

The following press releases and media reports about Chinese companies were carried on January 20. To view a full article or story, click on the link next to the headline.
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  • Meituan-Dianping Completes $3.3 Bln Funding, Values Company at $18 Bln (Chinese article)
  • ZTE (HKEx: 763) Announces Preliminary 2016 Results, Profit Up 43.5 Pct (HKEx announcement)
  • Uber Covers All of Sichuan Province (Chinese article)
  • Toys R Us to Boost China Store Count 30 Pct to 130 Stores This Year (Chinese article)
  • Zhaopin (NYSE: ZPIN) Announces Receipt of Preliminary Buyout Proposal (PRNewswire)

News Digest: January 19, 2016

The following press releases and media reports about Chinese companies were carried on January 19. To view a full article or story, click on the link next to the headline.
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  • Lufax Completes Fundraising, Valuing Company at $18.5 Bln (English article)
  • Qualcomm (Nasdaq: QCOM) Unveils $280 Mln Joint Venture with Chinese Province (English article)
  • Fosun’s Guo Guangchang in Sports Tie-Up With European “Super Broker” (Chinese article)
  • Synutra (Nasdaq: SYUT) Announces Receipt of “Going Private” Proposal (PRNewswire)
  • Huawei Sets 2016 Sales Target of $81.8 Bln (Chinese article)

News Digest: January 16-18, 2016

The following press releases and media reports about Chinese companies were carried on January 16-18. To view a full article or story, click on the link next to the headline.
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  • China’s Haier to Buy GE’s (NYSE: GE) Appliance Unit for $5.4 Bln (English article)
  • Huawei Says to Launch Notebook PCs in February with Intel (Nasdaq: INTC) (Chinese article)
  • Regulator Orders Removal of False Claims Posts on Baidu (Nasdaq: BIDU) Tieba Service (Chinese article)
  • Xiaomi Misses Smartphone Sales Target by 10 Pct on China Slowdown (English article)
  • JD.com (Nasdaq: JD) Finance Arm Raises 6.65 Bln Yuan, Valued at 46.7 Bln Yuan