News Digest

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

China News Digest: July 16-18, 2016

The following press releases and news reports about China companies were carried on July 16-18. To view a full article or story, click on the link next to the headline.
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  • Baidu (Nasdaq: BIDU) Aims to Buy AC Milan Soccer Club for $437 Mln – CCTV (Chinese article)
  • WeChat International Team Leader Defects to Facebook (Nasdaq: FB) (Chinese article)
  • Samsung Seeks Stake in China Electric Carmaker BYD (HKEx: 1211) (English article)
  • China Telecom (HKEx: 728) to End Domestic Roaming Fees, Focus on Internet of Things (Chinese article)
  • LeEco (Shenzhen: 300104) Denies Plans to Acquire Low-Cost TV Maker Vizio (Chinese article)

China News Digest: July 15, 2016

The following press releases and news reports about China 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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  • Xiaomi in Major New Campaign to Go Upscale (Chinese article)
  • Car Inc’s (HKEx: 699) Hired Car Services Unit Approved to List on New Third Board (Chinese article)
  • Qihoo 360 (NYSE: QIHU) to De-List Before July 18 Market Opening (Chinese article)
  • Tencent (HKEx: 700) Buys Controlling Stake in Online Music Firm China Music Corp (English article)
  • Tencent (HKEx: 700) WeChat Blocks Yidao Private Car Services App (Chinese article)

China News Digest: July 14, 2016

The following press releases and news reports about China 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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  • Singapore’s GIC Buys 5 Pct of China Telecom’s (HKEx: 728) H-Shares (HKEx announcement)
  • Inspur, Ericsson (Stockholm: ERICb) Form Tie-Up in Cloud, Internet of Things (Chinese article)
  • Yum (NYSE: YUM) Shares Rise After CEO Signals China Momentum (English article)
  • Wanda to Bring First International Soccer Tournament to China (company announcement)
  • Tishman Teams With Lenovo (HKEx: 992) on South China Real Estate Development (English article)

China News Digest: July 14, 2016

The following press releases and news reports about China 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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  • China’s Wanda Buys Britain’s Odeon Cinema Group for $1.2 Bln (English article)
  • BYD (HKEx: 1211) Loses Bulk of $270 Mln Electric Bus Order in China (English article)
  • Huawei, Midea (Shenzhen: 000333) Team Up in Smart Home Devices (Chinese article)
  • Ku6 Media (Nasdaq: KUTV) Announces Completion of Merger (PRNewswire)
  • Aluminum Distributor Fubang Jingye to Buy Mobile Game Firms Crimoon, Skymoons (English article)

China News Digest: July 12, 2016

The following press releases and news reports about China companies were carried on July 12. To view a full article or story, click on the link next to the headline.
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  • Baidu (Nasdaq: BIDU), Alibaba (NYSE: BABA) Face Profit Hit From New Search Ad Rules (English article)
  • AirAsia Eyes HK Kisting as It Expands in North Asia (English article)
  • Google (Nasdaq: GOOG) Opens Experience Center in Shenzhen, China Homecoming Signal? (Chinese article)
  • China Has Too Many Mediocre Electric Carmakers, Researcher Says (English article)
  • Canadian Solar (Nasdaq: CSIQ) Secures 6.2 Bln Yen Green Solar Financing in Japan (PRNewswire)

China News Digest: July 9-11, 2016

The following press releases and news reports about China companies were carried on July 9-11. To view a full article or story, click on the link next to the headline.
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  • Installment Plan E-tailer Qufenqi Raises 3 Bln Yuan in Pre-IPO Funding (English article)
  • Telefonica Raises $364 Mln from China Unicom (HKEx: 762) Share Sale: Sources (English article)
  • Striking Wal-Mart (NYSE: WMT) Workers in China Return to Work – For Now (English article)
  • China Logistics Said Poised to Price $433 Mln IPO at Top End (English article)
  • Coolpad (HKEx: 2369) Forecasts Sales Slump, HK$2.05 Bln H1 Loss (Chinese article)

China News Digest: July 8, 2016

The following press releases and news reports about China 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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  • McDonald’s (NYSE: MCD) Said to Narrow Bids for $2 Bln China Rights (English article)
  • Huawei files with Second China Court in Samsung (Seoul: 005930) Patent Suit (English article)
  • Qihoo 360 (NYSE: QIHU) Gets $3 Bln Loan to Support Privatization (Chinese article)
  • HNA, Li Ka-shing Firm Short-Listed for CIT Plane Leasing Unit Sale: Sources (English article)
  • Wuhan Flooding Hits Lenovo’s (HKEx: 992) Zuk Z2 Smartphone Supply Chain (Chinese article)

China News Digest: July 7, 2016

The following press releases and news reports about China 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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  • Apple (Nasdaq: AAPL) Drops to Fifth in China’s Mobile Market as Locals Rise (English article)
  • Huawei Files US Patent Lawsuit Against T-Mobile (Nasdaq: TMUS) (Chinese article)
  • SAIC, Alibaba (NYSE: BABA) to Mark Chinese Foray Into Connected Cars With SUV (English article)
  • Canadian Solar (Nasdaq: CSIQ) Sells Solar Power Projects in China (PRNewswire)
  • China Resources Beer (HKEx: 291) Plans $1.2 Bln Rights Issue to Buy SABMiller’s JV Stake (English article)

China News Digest: July 6, 2016

The following press releases and news reports about China companies were carried on July 6. To view a full article or story, click on the link next to the headline.
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  • Hon Hai (Taipei: 2317) Plans $1.5 Bln HK IPO for Foxconn Interconnect Technology Unit (English article)
  • Wanda Group Announces 2016 H1 Results (company announcement)
  • Berlusconi Close to Selling AC Milan to Chinese Buyers (English article)
  • Nevada Official Skeptical on LeEco (Shenzhen: 300104) Financing Plan for Car Plant (English article)
  • Alibaba (NYSE: BABA) Buys App Store Wandoujia, Founder to Remain (Chinese article)

China News Digest: July 5, 2016

The following press releases and news reports about China companies were carried on July 5. To view a full article or story, click on the link next to the headline.
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  • CICC (HKEx: 3908), China Investment Securities Said to Be in Merger Talks (English article)
  • Midea (Shenzhen: 000333) Buys Stake in Germany’s Kuka (Frankfurt: KU2) for $1.3 Bln (English article)
  • Fosun (HKEx: 656), Ant Financial in Strategic Partnership (Chinese article)
  • Kingsoft (HKEx: 3888) Makes $125 Mln H1 Provision for Losses at Xunlei, 21Vianet (HKEx announcement)
  • Baidu (Nasdaq: BIDU) Completes Literature Unit Sale to Perfect World, No Price Given (Chinese article)

China News Digest: July 2-4, 2016

The following press releases and news reports about China companies were carried on July 2-4. To view a full article or story, click on the link next to the headline.
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  • Chinese Group in Final Talks to Buy 80 Pct of AC Milan Soccer Club for 750 Mln Euros (Chinese article)
  • Qualcomm (Nasdaq: QCOM) Files Second Round of Patent Lawsuits Against Meizu (Chinese article)
  • Alibaba (NYSE: BABA) to Buy App Store Wandoujia for $200 Mln – Report (Chinese article)
  • Courrier Yunda Chooses Xinhai (Shenzhen: 002120) for 18 Bln Yuan Backdoor Listing (Chinese article)
  • Citic Guoan to Invest $20 Mln in American VR Broadcaster NextVR (English article)