News Digest

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

China News Digest: Tuesday, August 2, 2016

The following press releases and news reports about China companies were carried on August 2. To view a full article or story, click on the link next to the headline.
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  • Didi Chuxing Acquires Uber China Operation, Uber Founder to Enter Didi Board (Chinese article)
  • Fantasia (HKEx: 177) to Buy Wanda Commercial Property Management Arm for 2 Bln Yuan (Chinese article)
  • Oppo Signs 3G/4G Chip Licensing Deal with Qualcomm (Nasdaq: QCOM) (Chinese article)
  • Sohu.com (Nasdaq: SOHU) Reports Q2 Unaudited Financial Results (PRNewswire)
  • Fosun (HKEx: 656) to Buy up to 30 Pct of Portugal’s Biggest Listed Bank (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: July 30-August 1, 2016

The following press releases and news reports about China companies were carried on July 30-August 1. To view a full article or story, click on the link next to the headline.
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  • Giant Interactive, Alibaba’s (NYSE: BABA) Jack Ma to Pay $4.4 Bln for Game Firm Playtika (Chinese article)
  • China Postal Bank’s $10 Bln IPO Stirs Foreign Interest, But Valuation a Worry (English article)
  • Besttone Holdings to Pay 6.9 Bln Yuan for China Telecom (HKEx: 728) Online Video Assets (Chinese article)
  • Meituan-Dianping Roll Out New Food and Beverage Platform (Chinese article)
  • Fosun (HKEx: 656) to Buy Brazilian Real Estate Management Fund Rio Bravo (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: July 29, 2016

The following press releases and news reports about China 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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  • Baidu (Nasdaq: BIDU) Announces Q2 2016 Results (PRNewswire)
  • China Formally Legalizes Online Car Booking Services (English article)
  • Fosun (HKEx: 656) Pays $1.26 Bln for 86 Pct of India’s Gland Pharma (Chinese article)
  • New Oriental Announces Xun Cheng’s Listing Application for China’s NEEQ (PRNewswire)
  • Baozun (Nasdaq: BZUN) to Establish E-Commerce JV with Korea’s CJ O Shopping (GlobeNewswire)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: July 28, 2016

The following press releases and news reports about China 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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  • Greater China Loses Status as Apple’s (Nasdaq: AAPL) Second Largest Region (Chinese article)
  • Wanda Buys Movie Portal Mtime for $280 Mln (Chinese article)
  • Sale of Yum Brands (NYSE: YUM) China Franchise at a Standstill (English article)
  • Alibaba (NYSE: BABA) Bids for East Europe’s Top Online Auction Site Allegro (Chinese article)
  • Xiaomi Launches Notebook Computer With Starting Price of 3499 Yuan (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: July 27, 2016

The following press releases and news reports about China companies were carried on July 27. To view a full article or story, click on the link next to the headline.
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  • LeEco (Shenzhen: 300104) to Buy US TV Maker Vizio for $2 Bln (English article)
  • South China Morning Post CEO Resigns, Takes Position at Temasek (Chinese article)
  • Huawei Says Sold 60.56 Mln Smartphones in H1, Consolidates World No. 3 Position (Chinese article)
  • Gome (HKEx: 493) in Online Alliance with China Resources’ Feiniu.com (Chinese article)
  • China’s 4G Subscriber Base Surpasses 600 Mln in June – MIIT (English article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: July 26, 2016

The following press releases and news reports about China companies were carried on July 26. To view a full article or story, click on the link next to the headline.
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  • Baidu (Nasdaq: BIDU) Says Group Withdraws Offer to Acquire iQiyi (PRNewswire)
  • Wanda’s AMC (NYSE: AMC) Raises Bid for Carmike (Nasdaq: CKEC) to $1.2 Bln (Chinese article)
  • Chinese Dealmaker Sonny Wu Said to Lead Takeover of AC Milan (English article)
  • Huawei H1 Revenue Rises 40 Pct, Profit Margin Falls to 12 Pct (Chinese article)
  • Geely (HKEx: 175) Sells 2 EV Joint Ventures to Parent for 1.35 Bln Yuan (HKEx announcement)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: July 23-25, 2016

The following press releases and news reports about China companies were carried on July 23-25. To view a full article or story, click on the link next to the headline.
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  • MasterCard (NYSE: MA) May Apply for China Payment License This Year (English article)
  • Baidu (Nasdaq: BIDU) Maps Enters 13 South American Countries as Olympics Nears (Chinese article)
  • Samsung (Seoul: 005930) Countersues Huawei in Lawsuit Tug-of-War (Chinese article)
  • Giant Interactive Said to Lead Group Bidding for Caesars Online Game Unit (English article)
  • Private Car Service Provider UCar Lists on China OTC, Valued at 40 Bln Yuan (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: July 22, 2016

The following press releases and news reports about China 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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  • Uber, Didi Chuxing Want to End Rivalry, Discuss Possible Merger – Source (Chinese article)
  • Citic Securities (HKEx: 6030) Announces Preliminary H1 Results (HKEx announcement)
  • Baidu (Nasdaq: BIDU) Releases Indexes Spanning Labor to Apple’s China Sales (English article)
  • China Launches New Alert System to Tame Wind Power Investments (English article)
  • BYD (HKEx: 1211) Says to Raise 14.4 Bln Yuan Through Additional A-Shares Issue (HKEx announcement)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: July 21, 2016

The following press releases and news reports about China 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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  • Strong Demand From China Buoys Qualcomm (Nasdaq: QCOM) Forecast (English article)
  • Midea (Shenzhen: 000333) Takes 85.69 Pct of Kuka After Tender Offer (Chinese article)
  • China Second, Behind US, on 2016 Fortune 500 List of Biggest Global Companies (English article)
  • China Box Office Growth Slows to 21 Pct in H1, Unlikely to Reach 60 Bln Yuan Target (Chinese article)
  • China Film Plans Nation’s Largest Entertainment-Industry IPO (English article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: July 20, 2016

The following press releases and news reports about China companies were carried on July 20. To view a full article or story, click on the link next to the headline.
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  • Baidu (Nasdaq: BIDU) Criticized Over Proposed Valuation for iQiyi Sale (English article)
  • China Revenue From iOS Games Passes US for First Time (Chinese article)
  • Babytree Completes 3 Bln Yuan Funding, Casts off VIE Structure (Chinese article)
  • Chinese Venture Fundraising at Three-Year Low as Startups Hurt (English article)
  • Ballard (Nasdaq: BLDP) Surges on Deal to Build Fuel Cell Factory in China (English article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: July 19, 2016

The following press releases and news reports about China companies were carried on July 19. To view a full article or story, click on the link next to the headline.
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  • Chinese $1.2 Bln Takeover of Norway’s Opera Fails, Pursues Alternative Deal (English article)
  • Didi Chuxing Raises Prices in Multiple Markets to Slow Cash Burning (Chinese article)
  • Hot Pot Chain Haidilao Makes IPO for Yihai International (HKEx: 1579) Unit (Chinese article)
  • ZestFinance Gets Baidu (Nasdaq: BIDU) Funds To Develop Underwriting Technology (company announcement)
  • Baofeng (Shenzhen: 300431) to Establish Film and TV Drama Production Subsidiary (English article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)