News Digest

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

News Digest: July 15, 2015

The following press releases and media reports about Chinese companies were carried on July 15. To view a full article or story, click on the link next to the headline.
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  • Yum’s (NYSE: YUM) Sales Miss Projections After Slump Persists in China (English article)
  • Uber China to IPO – Source (English article)
  • Food Giant Mondelez (Nasdaq: MDLZ) Cuts China Sales Team in Major Shift (Chinese article)
  • Walmart’s (NYSE: WMT) Yihaodian Announces Resignation of 2 Co-founders (Chinese article)
  • LeTV (Shenzhen: 300104) CEO Jia Buys 19 Mln Shares Beijing Media (HKEx: 1000) (Chinese article)

News Digest: July 14, 2015

The following press releases and media reports about Chinese companies were carried on July 14. To view a full article or story, click on the link next to the headline.
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  • Chip Maker Tsinghua Unigroup Makes $23 Bln Bid for Micron (NYSE: MU) (English article)
  • Billionaire Wang Plans for Wanda to Expand Into Finance Industry (English article)
  • Xiaomi, Partners Planning to Open Privately Funded Bank? (Chinese article)
  • ZTE (HKEx: 763) Prepares 1 Bln Yuan Share Buyback Program (Chinese article)
  • Citic Securites (HKEx: 6030) Announces Preliminary H1 Financial Data (HKEx announcement)

News Digest: July 11-13, 2015

The following press releases and media reports about Chinese companies were carried on July 11. To view a full article or story, click on the link next to the headline.
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  • Jin Jiang (Shanghai: 600754) Prepares to Acquire Hotel Operator Plateno (Chinese article)
  • Great Wall Motor Seeks Up to $2.7 Billion for New-Energy Cars (English article)
  • Baidu (Nasdaq: BIDU) Take-Out Delivery Unit Gets $200 Mln Funding, Plans Spin-Off (Chinese article)
  • Partner of Alibaba (NYSE: BABA) Arm Said to Plan New Fundraising Round (English article)
  • Jiayuan (Nasdaq: DATE) Still Moving Ahead With Privatization – CEO Email (Chinese article)

News Digest: July 10, 2015

The following press releases and media reports about Chinese companies were carried on July 10. To view a full article or story, click on the link next to the headline.
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  • Alibaba (NYSE: BABA) Says Entertainment Unit Executive Taken Into Custody (English article)
  • Dangdang (NYSE: DANG) Receives Preliminary “Going Private” Proposal (PRNewswire)
  • Citic in the Lead to Buy Russell Investments: Sources (English article)
  • Online Classified Ad Site Baixing.com Gets Baidu (Nasdaq: BIDU) Investment (Chinese article)
  • LVMH Opens High-End Make-Up Store on Alibaba’s (NYSE: BABA) Tmall (Chinese article)

News Digest: July 9, 2015

The following press releases and media reports about Chinese companies were carried on July 9. To view a full article or story, click on the link next to the headline.
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  • Group Buying Site Meituan Prepares to Raise $1 Bln, Value Doubles in Half Year (Chinese article)
  • Alibaba (NYSE: BABA) Increases Investment in Singapore Post by $138 Mln (Chinese article)
  • LeTV (Shenzhen; 300104) Suspends Shares, Prepares for Smart Device Investment (Chinese article)
  • Ctrip (Nasdaq: CTRP) VP Jiang Hao Resigns, Become eLong (Nasdaq: LONG) CEO (Chinese article)
  • Weibo (Nasdaq: WB) in Strategic Tie-Up with Guinness World Records (Chinese article)

News Digest: July 8, 2015

The following press releases and media reports about Chinese companies were carried on July 8. To view a full article or story, click on the link next to the headline.
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  • China Stock Slump Spreads as Alibaba (NYSE: BABA) to JD.com Whipsaw Investors (English article)
  • Weibo (Nasdaq: WB) Enters E-commerce Business (Chinese article)
  • Wanda Cinema (Shenzhen: 002739) Line H1 Revenues Up 41 Pct to 3.48 Bln Yuan (English article)
  • Uber’s China Rival Didi Kuaidi Said to Raise Funds From Ping An, Capital Int’l (English article)
  • Alipay In 130,000 Offline Stores, as Ant Financial Gets $45 Bln Valuation (Chinese article)

News Digest: July 7, 2015

The following press releases and media reports about Chinese companies were carried on July 7. To view a full article or story, click on the link next to the headline.
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  • China ADRs Plunge Most Since 2011 as Support Fails to Stem Rout (English article)
  • Apple (Nasdaq: AAPL) Steals 60 Yuan Monthly Data Usage From iPhone Users – CCTV (Chinese article)
  • VNO Subscribers Reach 7.5 Mln, New Users Account for 41 Pct – MIIT (Chinese article)
  • Huayi Bros (Shenzhen: 300027) Plans to Spin Off, List Internet Entertainment Unit (Chinese article)
  • Meizu, Huawei, Coolpad (HKEx: 2369) Make Big Price Cuts to Take On Xiaomi (Chinese article)

News Digest: July 4-6, 2015

The following press releases and media reports about Chinese companies were carried on July 4-6. To view a full article or story, click on the link next to the headline.
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  • Ant Financial Raises 13 Bln Yuan in First Funding, Valued at 180 Bln Yuan (Chinese article)
  • Alibaba-backed (NYSE: BABA) Meizu Sells 8.9 Mln Smartphones in H1, Up 540 Pct (Chinese article)
  • Wanda Commercial Plans 12 Bln Yuan IPO as Stocks Tumble (English article)
  • STMicro (NYSE: STM) Signs $500 Mln Supply Deal With China’s Huawei (English article)
  • China Internet Elder Lee Kai-fu Suffers Cancer Relapse (Chinese article)

News Digest: July 3, 2015

The following press releases and media reports about Chinese companies were carried on July 3. To view a full article or story, click on the link next to the headline.
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  • iQiyi, Ant Financial Picked to Make First IPOs on New Strategic Industries Board (Chinese article)
  • Alibaba (NYSE: BABA) Said in Talks for More Seattle-Area Office Space (English article)
  • Xiaomi Sold 34.7 Mln Smartphones In H1 2015, Up 33 Pct Year-On-Year (English article)
  • China Unicom (HKEx: 763) Makes 4G Service Available to MVNOs (Chinese article)
  • Qunar (Nasdaq: QUNR) Receives Final Judgment in Its Dispute With eLong (GlobeNewswire)

News Digest: July 2, 2015

The following press releases and media reports about Chinese companies were carried on July 2. To view a full article or story, click on the link next to the headline.
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  • Didi Kuaidi Gets Set to Enter US, Challenge Uber – Source (Chinese article)
  • Former DST China Partner Shou Zi Chew Joins Xiaomi as CFO (English article)
  • China’s Gamers Aren’t Buying Many Consoles (English article)
  • TCL (Shenzhen: 000100) Prepares 795 Mln Yuan Share Buy-Back Program (Chinese article)
  • Qihoo (NYSE: QIHU) 360 Security Surpasses 200 Mln Int’l Users Milestone (PRNewswire)

News Digest: July 1, 2015

The following press releases and media reports about Chinese companies were carried on July 1. To view a full article or story, click on the link next to the headline.
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  • Alibaba (NYSE: BABA) Eyes $600 Mln Investment in India Online Payment Firm Paytm (Chinese article)
  • Baidu (Nasdaq: BIDU0 to Invest 20 Bln Yuan in Nuomi.com Over Next 3 Years (English article)
  • KFC (NYSE: YUM) Forms Alliance With Alipay (Chinese article)
  • Yingli (NYSE: YGE) Seeks Public Solar Investment With Internet Financing Platform (PRNewswire)
  • Amazon (Nasdaq: AMZN) to Offer Loans to Sellers in China, 7 Other Countries (English article)