Media are buzzing with the latest news on Amazon (Nasdaq: AMZN) in China, which is turning up the heat in the country’s overheated e-commerce space with the opening of a store on its Chinese site selling electronic books for its Kindle tablet PCs. (English article; Chinese article) Since Kindle products are not yet available in China, the site also offers free software that allows consumers to read Kindle-formatted books using other devices, including Apple (Nasdaq: AAPL) smartphones and tablet PCs, and similar devices based on Google’s (Nasdaq: GOOG) popular Android operating system.
Tag Archives: Dangdang
Dangdang: Past the Worst? 当当：渡过最坏时期？
A couple of interesting news bits are coming from the e-commerce space, led by the latest quarterly data from Dangdang (NYSE: DANG) that shows the worst may be past for this fast-fading sector pioneer. Meantime, we’re also getting new sales figures for the November 11 Singles Day holiday from Jingdong Mall, showing just how distant a second-place player the company is to sector-leader Alibaba.
News Digest: November 16 报摘： 2012年11月16日
The following press releases and media reports about Chinese companies were carried on November 16. To view a full article or story, click on the link next to the headline.
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- China PICC In Talks With AIG (NYSE: AIG) As Buyer For $4 Bln HK IPO (English article)
- Jingdong Mall Posts 2.5 Bln Yuan in Sales For 3 Days Around Nov 11 Singles Day (Chinese article)
- NetEase Reports Q3 Unaudited Financial Results (PRNewswire)
- National Cable Operator To Be Formed Without China Mobile (HKEx: 941) Capital (Chinese article)
- Dangdang Announces Q3 Results (PRNewswire)
- Latest calendar for Q3 earnings reports (Earnings calendar)
Alibaba Raises Profits, Jingdong Raises Money 阿里巴巴净利翻番 京东商城完成新融资
New reports from the e-commerce space show that Alibaba continues to dominate the sector with its popular TMall, even as leading rival Jingdong Mall shows no signs of easing its challenge as it has raised $400 million in new funds. Before I go any further in this discussion, I should add a disclaimer saying that both of these companies are private and not required to disclose any information publicly. As such, both have become masters at strategically giving or leaking information to the media that plays to their greatest advantage. That said, there’s usually at least some truth to the information they release, which is what makes it worth looking at.
Desperate Dangdang Joins TMall 当当网携手天猫 绝望中求生存
A day after announcing the arrival of a new chief financial officer (previous post), we’re getting word that fast-fading e-commerce superstar Dangdang (NYSE: DANG) is preparing to join hands with a major competitor by opening a new storefront on Alibaba’s TMall. The CFO change and now this latest tie-up with a rival all reflect the growing reality that Dangdang is rapidly fading from China’s fiercely competitive e-commerce crowd, and could even become one of its first major victims. One could even say this latest series of moves reflects a certain desperation, as Dangdang tries to reverse a worrisome trend that has seen its losses balloon over the last year.
News Digest: October 31 报摘： 2012年10月31日
The following press releases and media reports about Chinese companies were carried on October 31. To view a full article or story, click on the link next to the headline.
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- China’s Big Banks Set For Slowest Annual Profit Growth Since Going Public (English article)
- Air China (HKEx: 753), GA Telesis in Aircraft Leasing, Spare Parts JV (Businesswire)
- ICBC (HKEx: 1398) Announces Q3 Results (HKEx announcement)
- Dangdang (NYSE: DANG) Opens Store on TMall (Chinese article)
- Baidu’s (Nasdaq: BIDU) Qunar Aims for US IPO By Year End (Chinese article)
- Latest calendar for Q3 earnings reports (Earnings calendar)
Online: Jingdong, Baidu, Dangdang 京东进军电子支付 百度营收放缓
A number of interesting tidbits are sifting through the online world today, including news from the e-commerce space that Jingdong Mall is entering the electronic payments space and that Dangdang (NYSE: DANG) has replaced its CFO. Meantime, online search leader Baidu (Nasdaq: BIDU) has reported its latest results that show its growth continues to slow, with the rapid rate of the slowdown slightly alarming.
7 Days to Privatize, Who’s Next? 7天连锁酒店股东团提出私有化要约
In a theme that is rapidly gaining momentum, yet another US-listed Chinese firm has announced a new privatization bid to capitalize on valuations that have been pushed to rock-bottom levels amid a broader investor confidence crisis. The newest management-led buyout offer from 7 Days Group (NYSE: SVN), the smallest of China’s 3 publicly listed budget hotel operators, follows a string of similar moves that have seen other US-listed Chinese companies, including Shanda Interactive and Focus Media (Nasdaq: FMCN), make similar moves. So perhaps the more interesting question is: who are the most likely companies to launch similar privatization bids, as investors can clearly make some quick money if they can answer this question correctly.
Jingdong Mall Tries Gaming 京东商城有意进军网游业
When future historians look at the early days of the China Internet, Jingdong Mall will probably be remembered as a sort of hyperactive organism that had too much money and tried to do too many things, wreaking havoc on the entire web community in the process. That’s my latest assessment of this hyperactive e-commerce giant, which also calls itself 360Buy, following the latest reports that Jingdong now plans to get into the online games business. (English article; Chinese article)
News Digest: September 12, 2012 报摘： 2012年9月12日
The following press releases and media reports about Chinese companies were carried on September 12. To view a full article or story, click on the link next to the headline.
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- 55tuan Slides Into Delusion As Funding Noose Tightens on Group Buying (Chinese article)
- Telecoms Regulator Criticizes Online Price Wars Without Naming Names (Chinese article)
- 360Buy to Launch Browser Game Co-Operation Platform – Source (English article)
- No Delivery Business, Luxury Goods in Dangdang (NYSE: DANG) Future -CEO (Chinese article)
- China Mobile (HKEx: 941) Confirms Order for First Batch of 4G Phones – Source (Chinese article)
Vancl Slashes Delivery Arm 凡客诚品削减物流业务
The latest sign of distress in the battered e-commerce sector is coming from online clothing retailer Vancl, with media reporting the company has slashed operations at its package delivery arm in what looks like a desperate cost-saving move. Frankly speaking, I wholeheartedly support this kind of move, if it’s really true, as I personally believe that e-commerce companies shouldn’t be delivering parcels to begin with, and instead should leave that part of the business to professional specialists like UPS (NYSE: UPS) and China’s own China Postal Express, which itself is preparing for a domestic IPO to help fund its ongoing expansion. (previous post)
