News Digest

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

China News Digest: June 16, 2016

The following press releases and news reports about China 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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  • YY (Nasdaq: YY) Announces Withdrawal of Buyer Group’s Going Private Proposal (GlobeNewswire)
  • Ctrip (Nasdaq: CTRP) Reports Unaudited Q1 Financial Results (PRNewswire)
  • Uber Chinese Rival Didi Chuxing Said to End Funding at $28 Bln Value (English article)
  • Installment Plan E-commerce Platform Fenqile Wins $235 Mln Series D Funding (English article)
  • Air China, China Eastern Resume Ticket Sales on Qunar (Nasdaq: QUNR) (Chinese article)

China News Digest: June 15, 2016

The following press releases and news reports about China companies were carried on June 15. To view a full article or story, click on the link next to the headline.
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  • Alibaba (NYSE: BABA) Sees Growth Rising to 48 Pct in First Forecast (English article)
  • ChemChina, New Hope Said to Weigh McDonald’s (NYSE: MCD) Franchise Bids (English article)
  • Yingli Green Energy (NYSE: YGE) Reports Q1 Results (PRNewswire)
  • China’s Midea (Shenzhen: 000333) Wants Only 49 Pct of Kuka: Sources (English article)
  • NXP (Nasdaq: NXPI) Selling Products Unit for $2.75 Bln to Chinese Group (English article)

China News Digest: June 14, 2016

The following press releases and news reports about China companies were carried on June 14. To view a full article or story, click on the link next to the headline.
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  • Baidu (Nasdaq: BIDU) Announces Lowered Revenue Guidance for Q2 (PRNewswire)
  • Nokia (Helsinki: NOK1V) Signs $1.5 Bln Framework Deal with China Mobile (HKEx: 941) (English article)
  • Okmetic (Helsinki: OKM1V) Says 93 Pct of Shares Tendered for Offer by China’s NSIG (GlobeNewswire)
  • After Apple, Didi Chuxing Gets $600 Mln Investment from China Life (HKEx: 2628)
  • Cheesecake Factory (Nasdaq: CAKE) Opens First China Store at Shanghai Disney (Businesswire)

China News Digest: June 9-13, 2016

The following press releases and news reports about China companies were carried on June 9-13. To view a full article or story, click on the link next to the headline.
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  • iKang (Nasdaq: KANG) Management, Meinian Withdraw Buyout Offers on Yunfeng Bid (Chinese article)
  • XpressWest, Seeking to Build US High-Speed Rail, Ends Deal With China Group (English article)
  • Youku Sues LeEco (Shenzhen: 300104) for Unfair Competition, Seeks 6 Mln Yuan (Chinese article)
  • JD.com (Nasdaq: JD) Shares Drop 5.6 Pct on Short Seller Attack (Chinese article)
  • China’s 4G Subscriber Base to Surpass 700 Mln in 2016 – Govt Think Tank (English article)

China News Digest: June 8, 2016

The following press releases and news reports about China companies were carried on June 8. To view a full article or story, click on the link next to the headline.
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  • iKang (Nasdaq: KANG) Receives Competing “Going Private” Proposal from Yunfeng (GlobeNewswire)
  • Parcel Delivery Firm Uni-Top Gets 15 Bln Yuan in New Investment (Chinese article)
  • Alibaba (NYSE: BABA) Chief Jack Ma Says Hopes Ant Financial to Make IPO in HK (Chinese article)
  • TSMC (Taipei: 2330) Chairman Welcomes China Investment, But No Board Seats (Chinese article)
  • Haier’s GE (NYSE: GE) Home Appliance Buy Nears Close, Final Price at $5.58 Bln (Chinese article)

China News Digest: June 7, 2016

The following press releases and news reports about China companies were carried on June 7. To view a full article or story, click on the link next to the headline.
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  • Bitauto (NYSE: BITA) Announces $300 Mln Investment from Tencent, Baidu, JD.com (PRNewswire)
  • Suning (Shenzhen: 002024) Pays 270 Mln Euros for 70 Pct of Soccer Club Inter Milan (Chinese article)
  • TCL (Shenzhen: 000100)  to Take Handset Maker TCL Communication (HKEx: 2618) Private (English article)
  • Yingli (NYSE: YGE) Announces Preliminary Financial Results for Q1 (PRNewswire)
  • Midea (Shenzhen: 000333) Board Approves Kuka Investment, Acknowledges Difficulties (Chinese article)

China News Digest: June 4-6, 2016

The following press releases and news reports about China companies were carried on June 4-6. To view a full article or story, click on the link next to the headline.
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  • Accor Gains After Report That Jin Jiang (HKEx: 2006) Aims to Increase Stake (English article)
  • China’s HNA Group Eyes South American Airline Groups Avianca – Sources (English article)
  • SoftBank Proceeds From Alibaba (NYSE: BABA) Selldown Rise to $10 Bln (English article)
  • Huawei Aims to Pass Samsung, Apple in 5 Years to Become Top Smartphone Brand (Chinese article)
  • Indian Smartphone Maker Micromax Plans to Enter China Next Year (Chinese article)

China News Digest: June 3, 2016

The following press releases and news reports about China companies were carried on June 3. To view a full article or story, click on the link next to the headline.
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  • Didi Chuxing, Uber Compete for Most Funds in Latest Drives (Chinese article)
  • Alibaba (NYSE: BABA) Announces Terms of Share Purchase from SoftBank (Businesswire)
  • China Says Midea’s (Shenzhen: 000333) German Robot Deal Shouldn’t be Politicized (English article)
  • Taobao Invests 28.2 Bln Yuan in Suning (Shenzhen: 002024), Becomes 2nd Largest Shareholder (Chinese article)
  • US Requests Documents From Huawei on Previous Trade Sanctions (Chinese article)

China News Digest: June 2, 2016

The following press releases and news reports about China companies were carried on June 2. To view a full article or story, click on the link next to the headline.
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  • Japan’s SoftBank Plans to Sell $7.9 Bln in Alibaba (NYSE: BABA) Stock to Cut Debt (English article)
  • Microsoft (Nasdaq: MSFT) Sells Patents to Xiaomi, Builds ‘Long-Term Partnership’ (English article)
  • Google (Nasdaq: GOOG) Seeking Up To $221 Mln by Selling Lenovo (HKEx: 992) Stock (English article)
  • Jaunt, SMG and CMC Launch Virtual Reality Venture Jaunt China (Businesswire)
  • Michael Kors Acquires Greater China Licensee for $500 Mln (Businesswire)

China News Digest: June 1, 2016

The following press releases and news reports about China companies were carried on June 1. To view a full article or story, click on the link next to the headline.
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  • Microsoft (Nasdaq: MSFT) CEO Visiting China as Anti-Trust Probe Nears 3rd Year (English article)
  • Snow White Spotted at Wanda City Triggers Backlash From Disney (NYSE: DIS) (English article)
  • ICBC (HKEx: 1398) Setting up $1.1 Bln Europe Fund to Tap New Overseas Markets (English article)
  • Dangdang (NYSE: DANG) Enters into Merger Agreement for Going Private (PRNewswire)
  • HNA Invests 750 Mln Yuan in Virgin Australia (Sydney: VBA) (Chinese article)

China News Digest: May 31, 2016

The following press releases and news reports about China companies were carried on May 31. To view a full article or story, click on the link next to the headline.
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  • Wanda Group Offers Record $4.4 Bln Price to Privatize Property Unit (English article)
  • Chinese Bidders Vie for ING Life in Record South Korea Insurance M&A: Sources (English article)
  • Yongli Film And TV Eyes Backdoor Listing Using Hongda Materials (Shenzhen: 002211) (Chinese article)
  • Kuka (Frankfurt: KU2) Should Remain in Europe Investor Hands, EU’s Oettinger Says (English article)
  • eLong (Nasdaq: LONG) Shareholder Approve Going Private Transaction (PRNewswire)