News Digest

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

News Digest: June 30, 2015

The following press releases and media reports about Chinese companies were carried on June 30. To view a full article or story, click on the link next to the headline.
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  • Wanda Cinema (Shenzhen: 002739) to Raise 2.2 Bln Yuan for 16 Purchases (Chinese article)
  • Legend Holdings (HKEx: 3396) Edges up in HK Debut After $1.96 Bln IPO (English article)
  • Didi Kuaidi Operator to Invest in Southeast Asian Taxi App ‘GrabTaxi’ – Source (English article)
  • KongZhong (Nasdaq: KZ) Receives Proposal to Acquire the Company (PRNewswire)
  • Putian Hospital Association Restarts Ad Buying on Baidu (Nasdaq: BIDU)

News Digest: June 27-29, 2015

The following press releases and media reports about Chinese companies were carried on June 27-29. To view a full article or story, click on the link next to the headline.
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  • Guotai Junan (Shanghai: 601211) Soars in Debut As China’s Biggest IPO Since 2010 (English article)
  • Didi Kuaidi Sets $2 Bln Target for Latest Fund-Raising Round (Chinese article)
  • JD.com (Nasdaq: JD) ZestFinance in JV to Expand Consumer Credit in China (GlobeNewswire)
  • Legend Holdings Sets IPO Price at HK$42.98, 45 Times Oversubscribed (Chinese article)
  • Xunlei (Nasdsaq: XNET), Xiaomi Ally to Release CDN Service Brand ‘Xingyu’ (English article)

News Digest: June 26, 2015

The following press releases and media reports about Chinese companies were carried on June 26. To view a full article or story, click on the link next to the headline.
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  • China Reinsurance Group Said to Pick Sponsors for $2 Bln HK IPO (English article)
  • Wanda Plans to Invest in Travel Site Tongcheng (Chinese article)
  • Ctrip.com (Nasdaq: CTRP) Completes Offering of $1.1 Bln Convertible Senior Notes (PRNewswire)
  • Coalition, Alibaba (NYSE: BAB) Affirm Cooperation in Fight Against Online Counterfeits (PRNewswire)
  • Coolpad (HKEx: 2369) Resumes Trading As Big Stakeholder Discusses Share Sale (Chinese article)

News Digest: June 25, 2015

The following press releases and media reports about Chinese companies were carried on June 25. To view a full article or story, click on the link next to the headline.
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  • Uber Lands Big Chinese Backer in Hillhouse (English article)
  • Suning’s (Shenzhen: 002024) Laox to Invest 3 Bln Yuan to Open 26 Stores in Japan (English article)
  • Hired Car Services Specialist Yidao Makes Big Layoffs (Chinese article)
  • Baidu (Nasdaq: BIDU) Announces Pricing of $1.25 Bln Notes Offering (PRNewswire)
  • JD.com (Nasdaq: JD) Fined 500,000 Yuan for Price Fraud, 200th Time in 3 Years (Chinese article)

News Digest: June 24, 2015

The following press releases and media reports about Chinese companies were carried on June 25. To view a full article or story, click on the link next to the headline.
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  • Alibaba (NYSE: BABA) Revives Koubei to Take Fight With Tencent to Food (English article)
  • LeTV (Shenzhen: 300104) in Spotlight Over Sales Figures (English article)
  • Momo (Nasdaq: MOMO) Announces Receipt of “Going Private” Proposal (GlobeNewswire)
  • KKR Bets on China Professional Education With Tarena (NYSE: TEDU) Investment (English article)
  • Hongda (Shenzhen: 002211) Chairman Quits Amid Probe, 165 Mln Shares Frozen (Chinese article)

News Digest: June 20-23, 2015

The following press releases and media reports about Chinese companies were carried on June 20-23. To view a full article or story, click on the link next to the headline.
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  • SMG’s Oriental Pearl (Shanghai: 600637) Enters Internet TV After Reorganization (Chinese article)
  • Sina (Nasdaq: SINA) Joins Consortium in E-House (NYSE: EJ) Privatization Plan (PRNewswire)
  • Hershey (NYSE: HSY) Cuts Annual Profit Forecast After China Growth Slows (English article)
  • JD.com (Nasdaq: JD) Responds to Short Seller Attack, Calls Report Misleading (Chinese article)
  • AirMedia (Nasdaq: AMCN) Announces Receipt of  “Going Private” Proposal (PRNewswire)

News Digest: June 19, 2015

The following press releases and media reports about Chinese companies were carried on June 19. To view a full article or story, click on the link next to the headline.
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  • Alibaba’s (NYSE: BABA) Ant Financial Valued at $45 Bln After New Funding: Source (English article)
  • Huawei to Make Nexus Smartphones for Google (Nasdaq: GOOG) – Employee (Chinese article)
  • Ctrip (Nasdaq: CTRP) Prices Offering of $1.1 Bln Convertible Senior Notes (PRNewswire)
  • Panda Financial (Shanghai: 600599) Raises 2.7 Bln Yuan to Develop Financial Services (English article)
  • Travel Site Tujia Raises $250 Mln, Values Company at $1 Bln (Chinese article)

News Digest: June 18, 2015

The following press releases and media reports about Chinese companies were carried on June 18. To view a full article or story, click on the link next to the headline.
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  • Citic Securities (HKEx: 6030) Seeks $4.7 Bln in Share Sale; Temasek Among Buyers (English article)
  • Qihoo 360 (NYSE: QIHU) Announces Receipt of Proposal to Acquire the Company (PRNewswire)
  • Alibaba (NYSE: BABA), Foxconn in Talks to Invest $500 Mln in India’s Snapdeal (English article)
  • Trina Solar (NYSE: TSL) Plans $500 Mln India Plant Amid Ban (English article)
  • Imax (NYSE: IMAX) Sets China Unit IPO Goal at $300 Mln (English article)

News Digest: June 17, 2015

The following press releases and media reports about Chinese companies were carried on June 17. To view a full article or story, click on the link next to the headline.
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  • Guotai Junan Seeks $4.8 Bln in Biggest China IPO Since 2010 (English article)
  • JD.com (Nasdaq: JD) to Start Russian Shopping Site in Expansion Beyond China (English article)
  • Crowdsourcing Site Zhubajie Lands 2.6 Bln Yuan Series C Funding (English article)
  • Tencent’s (HKEx: 700) WeChat Probed in Taiwan for Potential Illegal Investment (Chinese article)
  • China’s HNA Group Buys 15 Pct of Red Lion Hotels (English article)

News Digest: June 16, 2015

The following press releases and media reports about Chinese companies were carried on June 16. To view a full article or story, click on the link next to the headline.
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  • Didi Kuaidi Seeks $1.5 Bln in Funding to Fend Off Uber – Source (Chinese article)
  • Alibaba (NYSE: BABA) Plans to Roll Out Paid Video Service (Chinese article)
  • Lawson Plans To Triple China Convenience Store Count to 1,000 in 2-3 Years (Chinese article)
  • iDreamSky (Nasdaq: DSKY) Receives Proposal to Acquire the Company (GlobeNewswire)
  • Cisco (Nasdaq: CSCO) Plans to Lay Offs Several High-Level China Executives (Chinese article)

News Digest: June 13-15, 2015

The following press releases and media reports about Chinese companies were carried on June 13-15. To view a full article or story, click on the link next to the headline.
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  • Bullish Uber Plans to Invest $1 Bln in China in 2015 (English article)
  • Prada (HKEx: 1913) Profit Tumbles as Luxury Company Struggles in China (English article)
  • Shoemaker Aokang Acquires 26 Pct Stake in LightInTheBox (NYSE: LITB) (PRNewswire)
  • Bona Film (Nasdaq: BONA) Announces Receipt of “Going Private” Proposal (GlobeNewswire)
  • Staples (Nasdaq: SPLS) Receives Approval from China to Acquire Office Depot (Businesswire)