News Digest

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

News Digest: August 15-17, 2015

The following press releases and media reports about Chinese companies were carried on August 15-17. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

  • Soros Cuts Stakes in Internet Giants Alibaba (NYSE: BABA), Baidu (Nasdaq: BIDU) (English article)
  • App for Tencent’s (HKEx: 700) Private WeBank Goes Online (Chinese article)
  • PepsiCo (NYSE: PEP) Launches Oats-Based Dairy Drinks in China (English article)
  • TCL (Shenzhen: 000100) to Set Up Financial Holding Company (Chinese article)
  • China Eastern (HKEx: 670) to Buy 15 Airbus Jets for $3.6 Bln (English article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

News Digest: August 14, 2015

The following press releases and media reports about Chinese companies were carried on August 14. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

  • Lenovo (HKEx: 992) faces Motorola Hangover, Cuts 3,200 Jobs as Sales Slide (English article)
  • Xiaomi Announces New Products, Including MIUI 7 Operating System (Chinese article)
  • Amazon (Nasdaq: AMZN) China to Accelerate Local Investment – President (Chinese article)
  • Xunlei (Nasdaq: XNET) Announces Q2 Results, Profit Slides 74 Pct (Chinese article)
  • Startling Pink Buns Embrace KFC (NYSE: YUM) China’s New Chicken Burger (English article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

News Digest: August 13, 2015

The following press releases and media reports about Chinese companies were carried on August 13. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

News Digest: August 12, 2015

The following press releases and media reports about Chinese companies were carried on August 12. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

  • Xiaomi Kicks Off India Production for Strengthened Redmi 2 Edition (Chinese article)
  • China Jails Former Bright Food Chief For 18 years For Embezzling $30 Mln (English article)
  • Tencent (HKEx: 700) Reports 360 (NYSE: QIHU) Cloud Service for Pornography (Chinese article)
  • ChemChina, Camfin to Launch Tender Offer for Rest of Pirelli (Milan: PECI) (English article)
  • Phoenix New Media (NYSE: FENG) Reports Q2 Unaudited Financial Results (PRNewswire)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

News Digest: August 11, 2015

The following press releases and media reports about Chinese companies were carried on August 11. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

  • Alibaba (NYSE: BABA) to Invest $4.6 Bln in Retailer Suning (Shenzhen: 002024) (English article)
  • Bank of Communications (HKEx: 3328) Said to Let HSBC Name Vice Chmn (English article)
  • Vipshop (NYSE: VIPS) Reports Unaudited Q2 Financial Results (PRNewswire)
  • Bright Food Prepares for 4 More Acquisitions in Europe (Chinese article)
  • Insight Investment Raises 5.5 Bln Yuan for Xueda (NYSE: XUE) Buyout (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

News Digest: August 8-10, 2015

The following press releases and media reports about Chinese companies were carried on August 8-10. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

  • Jin Jiang (HKEx: 2006) in Talks To Buy China-based Vienna Hotels Group (Chinese article)
  • JD.com (Nasdaq: JD) to Buy 10 Pct of Yonghui Superstores for 4.3 Bln Yuan (Chinese article)
  • Gome’s (HKEx: 493) E-commerce Unit Appoints New Management in Drive to IPO (English article)
  • Anbang Insurance to Make Over $1 Bln Bid for Japan’s Simplex: Sources (English article)
  • Youku Tudou (NYSE: YOKU) Changes Name, to Spend 10 Bln Yuan on Content Development (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

News Digest: August 6, 2015

The following press releases and media reports about Chinese companies were carried on August 6. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

  • Ctrip (Nasdaq: CTRP) Says Working with Tencent on eLong Buyout Is a Win-Win (Chinese article)
  • Fashion E-Commerce Site Moonbasa Launches US Brand Mall (Businesswire)
  • Massive Leak Tips Google’s (Nasdaq: GOOG) LG Nexus 5, Huawei Nexus 6 Specs (English article)
  • ReneSola (NYSE: SOL), Pristine Sun in JV to Accelerate US Project Development (PRNewswire)
  • Autohome (NYSE: ATHM) Announces Unaudited Q2 Results (PRNewswire)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

News Digest: August 5, 2015

The following press releases and media reports about Chinese companies were carried on August 5. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

  • eLong (Nasdaq: LONG) Receives “Going Private” Proposal from Tencent (PRNewswire)
  • Alibaba Group (NYSE: BABA) Appoints Michael Evans as President (Businesswire)
  • Qunar (Nasdaq: QUNR) Achieves Record Daily Hotel Room Nights Stayed (GlobeNewswire)
  • Toyota (Tokyo: 7203) Says Not Optimistic on China Profitability (English article)
  • PetroChina (HKEx: 857) Wins Dismissal of Securities Lawsuit in US (English article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

News Digest: August 4, 2015

The following press releases and media reports about Chinese companies were carried on August 4. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

  • China E-Commerce Transactions Topped 1.6 Trillion Yuan Last Year – Stats Ministry (Chinese article)
  • India’s Snapdeal Said to Draw $500 Mln From Alibaba (NYSE: BABA), Foxconn (English article)
  • China’s Airbnb Valued at More Than $1 Bln After Funding (English article)
  • Car Inc (HKEx: 699) Announces Plan to Issue US Dollar Denominated Notes (HKEx announcement)
  • JinkoSolar (NYSE: JKS) Receives $70 Mln in China Ex-Im Loans for Factory (English article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

News Digest: August 1-3, 2015

The following press releases and media reports about Chinese companies were carried on August 1-3. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

  • Hisense (Shanghai: 600060) Pays $23.7 Mln for Sharp Corp Mexico Operations (Chinese article)
  • Renren (NYSE: RENN) Acting CFO Resigns, Interim CFO Appointed (PRNewswire)
  • Suning (Shenzhen: 002024) Puts 1 Bln Yuan into PPTV, Challenges LeTV, Xiaomi (Chinese article)
  • Tencent, Evergrande Invest in Internet Community Service Site Mascotte (HK: 136) (Chinese article)
  • Ajisen Ramen in $60 Mln Ride on Baidu (Nasdaq: BIDU) Take-Out Dining Service (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

News Digest: July 31, 2015

The following press releases and media reports about Chinese companies were carried on July 31. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

  • Baidu (Nasdaq: BIDU) Announces $1 Bln Share Repurchase Program (PRNewswire)
  • Focus Media May Drop Backdoor Listing, Eyes New Strategic Industries Board (Chinese article)
  • Wine E-tailer Jiuxian Lands 500 Mln Yuan Series G Funding (English article)
  • China Renaissance Earmarks Half of 5 Bln Yuan Fund Raising for VIE Buyouts (Chinese article)
  • China Box Office Posts Monthly Record with 5 Bln Yuan in July (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)