News Digest

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

News Digest: July 30, 2015

The following press releases and media reports about Chinese companies were carried on July 30. To view a full article or story, click on the link next to the headline.
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  • Alibaba (NYSE: BABA) Cloud Unit Sets Sights on Amazon in $1 Bln Global Push (English article)
  • Giant Interactive Seeks 100 Bln Yuan Valuation in China Re-Listing Plan (Chinese article)
  • ICBC (HKEx: 1398) VP Zheng Wanchun May Become New Minsheng Bank Chief (Chinese article)
  • Departing China Mobile (HKEx: 941) Workers Complain of No Raises in 10 Years (Chinese article)
  • China’s Great Short Seller Suddenly Turns Bullish (English article)

News Digest: July 29, 2015

The following press releases and media reports about Chinese companies were carried on July 29. To view a full article or story, click on the link next to the headline.
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  • Chinese ADRs Drop 3rd Day Amid Mainland Rout, Baidu (Nasdaq: BIDU) Plunges (English article)
  • WeChat Italy, ChatSim In Deal to Jointly Promote Instant Messaging in Europe (company announcement)
  • Air China (HKEx: 753) to Raise $1.9 Bln in Share Sale to Buy Planes (English article)
  • Phoenix Satellite (HKEx: 2008) Warns of Substantial Profit Decline in H1 (HKEx announcement)
  • Perfect World (Nasdaq: PWRD) Announces Completion of Merger (PRNewswire)

News Digest: July 28, 2015

he following press releases and media reports about Chinese companies were carried on July 28. To view a full article or story, click on the link next to the headline.
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  • China Minsheng Investment to Acquire Sirius Int’l Insurance for $2.2 Bln (English article)
  • Baidu (Nasdaq: BIDU) Announces Q2 2015 Results (PRNewswire)
  • Delta Air Lines to Buy China Eastern (HKEx: 670) Stake for $450 Mln (English article)
  • Shanghai Traffic Regulator Gives Clear Road to Legality for Private Car Services (Chinese article)
  • US-Listed China Stocks in Monday Sell-Off, Changyou (Nasdaq: CYOU) Dips 11 Pct (Chinese article)

News Digest: July 25-27, 2015

he following press releases and media reports about Chinese companies were carried on July 25-27. To view a full article or story, click on the link next to the headline.
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  • China Brands Take 3 of Top 5 Spots For Q2 Global Smartphone Shipments – IDC (Chinese article)
  • Fosun (HKEx: 565) Offers to Buy BHF Kleinwort Benson for $545.5 Mln (English article)
  • 58.com (NYSE: WUBA) to Spend 100 Mln Yuan to Revamp ChinaHR in 2 Years (Chinese article)
  • Alibaba’s (NYSE: BABA) Tmall Promotes Same-Day Grocery Delivery in China (Businesswire)
  • Xunlei (Nasdaq: XNET) Announces Strategic Partnership With iQiyi on Project Crystal (GlobeNewswire)

News Digest: July 24, 2015

The following press releases and media reports about Chinese companies were carried on July 24. To view a full article or story, click on the link next to the headline.
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  • Walmart (NYSE: WMT) Takes Full Ownership of Yihaodian Business in China (Businesswire)
  • China’s H1 2015 Mobile Internet User Base Hits 594 Mln (English article)
  • Tsinghua Holdings Chief Says Still in Micron (Nasdaq: MU) Talks, Hopeful on Deal (English article)
  • China Postal Savings Bank Seeks Strategic Investors in Run-Up to IPO (Chinese article)
  • Uber Partners With Xiaomi for Smartphone Sales in Singapore (English article)

News Digest: July 23, 2015

The following press releases and media reports about Chinese companies were carried on July 23. To view a full article or story, click on the link next to the headline.
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  • Huawei Consumer Device Sales Up 69 Pct in H1, Raises Full-Year Target to $20 Bln (Chinese article)
  • China Mobile (HKEx: 941) Announces Salary Reduction Plan, Cuts Up to 50 Pct (Chinese article)
  • Former Bright Dairy (Shanghai: 600597) President Guo Benheng Probed for Corruption (Chinese article)
  • Mecox Lane (Nasdaq: MCOX) Receives “Going Private” Proposal at $4 Per ADS (GlobeNewswire)
  • Samsung (Seoul: 005930) China Smartphone OEM Closes 1 Month Amid Falling Orders (Chinese article)

News Digest: July 22, 2015

The following press releases and media reports about Chinese companies were carried on July 22. To view a full article or story, click on the link next to the headline.
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  • Apple (Nasdaq: AAPL) CFO Says ‘Very Confident’ in China After Market Turmoil (English article)
  • ZTE (HKEx: 763) Announces Preliminary H1 Results (HKEx announcement)
  • New Oriental (NYSE: EDU) Announces Quarterly Results, Declares Special Cash Dividend (PRNewswire)
  • Coolpad-Qihoo (NYSE: QIHU) JV to Release Low-end Dazen Note 3 Smartphone (English article)
  • Uber China Launches New Funding Round, Values Self at More Than $7 Bln (Chinese article)

News Digest: July 21, 2015

The following press releases and media reports about Chinese companies were carried on July 21. To view a full article or story, click on the link next to the headline.
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  • Micron (Nasdaq: MU) Does Not Believe Deal With Tsinghua Is Possible – Sources (English article)
  • Huawei’s H1 Revenue Up 30 Pct Year-on-Year at $28 Bln (English article)
  • Travel Site Tongcheng Launches 100 Bln Yuan Promotion, Links With Wanda (Chinese article)
  • Uniqlo Leaves JD.com (Nasdaq: JD) After 3-Month Trial (English article)
  • No Money Makers Among China’s New VNOs (Chinese article)

News Digest: July 18-20, 2015

The following press releases and media reports about Chinese companies were carried on July 18-20. To view a full article or story, click on the link next to the headline.
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  • AAFA Calls For New, Transparent Anti-Counterfeit Moves from Alibaba (NYSE: BABA) (press release)
  • Investors Prepare to Sue Dangdang (NYSE: DANG) Over Low Buyout Offer Price (Chinese article)
  • China’s MIIT Announces H1 2015 Telecom Statistics (English article)
  • Ctrip (Nasdaq: CTRP) Sets Up Overseas Acquisition Fund in Shanghai FTZ (Chinese article)
  • Xiaomi to Launch 2S Smart TV on July 28, to Retail for 2,999 Yuan (Chinese article)

News Digest: July 17, 2015

The following press releases and media reports about Chinese companies were carried on July 17. To view a full article or story, click on the link next to the headline.
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  • Tesla (Nasdaq: TSLA) Unveils New Model X, to Go on Sale in China Next Year (Chinese article)
  • ICBC (HKEx: 1398) Announces Tender Offer for Remaining Tekstilbank Shares (HKEx announcement)
  • Tencent’s (HKEx: 700) WeChat Blocks Keyword Searches on Uber (Chinese article)
  • China-Based Jupai (NYSE: JP) Jumps in Debut After Reduced US IPO (English article)
  • Tmall Drugstore H1 2015 Gross Merchandises Value Reaches 2.2 Bln Yuan (English article)

News Digest: July 16, 2015

The following press releases and media reports about Chinese companies were carried on July 16. To view a full article or story, click on the link next to the headline.
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  • McCain raises concerns about possible China bid for Micron Tech (Nasdaq: MU) (English article)
  • Huawei Gets Permission to Manufacture Cellphones in India (Chinese article)
  • China’s Tsinghua Gives $100 Mln to Android Challenger (English article)
  • Meituan to Acquire Chinese Travel Search Engine Kuxun – Source (English article)
  • HK Securities Regulator Orders Halt to Trading in Hanergy (HKEx: 566) (Chinese article)