The following press releases and media reports about Chinese companies were carried on April 19. To view a full article or story, click on the link next to the headline.
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IBM (NYSE: IBM) In Talks To Sell x86 Server Business To Lenovo (HKEx: 992) (English article)
Yahoo (Nasdaq: YHOO) China To Halt Email Box Service On August 19 (Chinese article)
China Mobile (HKEx: 941) Ends Agreement With FarEastone (Taipei: 4904) (HKEx announcement)
After years of nonstop talk about making Lenovo (HKEx: 992) the world’s largest PC brand, CEO Yang Yuanqing is readjusting his sights these days onto competing with global smartphone and tablet PC leaders Apple (Nasdaq: AAPL) and Samsung (Seoul: 005930). On the one hand, I have to congratulate Yang for finally focusing on the right targets in his quest to build Lenovo into a true global computing leader. But on the other hand, I have serious doubts about whether Yang can challenge either Apple or Samsung, despite his success in overtaking Hewlett-Packard (NYSE: HPQ) briefly last year to become the world’s largest PC brand. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 16. To view a full article or story, click on the link next to the headline.
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‘Django Unchained’ Abruptly Pulled From China Theaters (English article)
Wanda Establishes E-Commerce Subsidiary in Beijing (English article)
Bertelsmann (Frankfurt: BTGGg) Joins With Kaixin Targeting Mothers, Children (Chinese article)
Shanda Games’ (Nasdaq: GAME) Actoz to Issue Shares For Mobile Expansion (PRNewswire)
Lenovo (HKEx: 992) Transforming To Compete With Apple, Samsung – CEO (Chinese article)
The recent turmoil at struggling PC maker Dell (Nasdaq: DELL) is spilling over into its operations in China, where the company’s president has just resigned even as a top Asia executive discusses a new strategic direction for the market. All of this comes against a broader backdrop that saw global PC sales post their worst drop in history during the first quarter, as more consumers switched off their computers in favor of smaller and more convenient tablet computers and smartphones. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 11. To view a full article or story, click on the link next to the headline.
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Yum Brands (NYSE: YUM) Still Struggling In China Amid Bird Flu Fears (English article)
The following press releases and media reports about Chinese companies were carried on March 30-April 1. To view a full article or story, click on the link next to the headline.
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China “Resolutely Opposes” US Curbs On IT Imports: State Media (English article)
NEC (Tokyo: 6701) In Talks to Sell Cellphone Business to Lenovo (HKEx: 992) – Source (Chinese article)
ZTE (HKEx: 763) Wins Patent Case against Huawei in Paris District Court (Businesswire)
Suning.com (Shenzhen: 002024) to Introduce SNS (English article)
Gome (HKEx: 493) to Establish 50 Superstores in First-Tier Cities (English article)
I’m feeling a bit cranky and contrarian today, so I’m going to be somewhat bold and give the following response to yet the latest headlines trumpeting China’s passing the US to become the world’s largest smartphone market: Who cares? I’ll admit that my response to this development is perhaps a bit unfair, since China’s attainment of the world’s smartphone title is certainly an important milestone for a country where even traditional wired telephone service was still rare as recently as 20 years ago.
I don’t know if anyone else out there has noticed this, but a recent string of events is pointing to a growing rift between PC giant Lenovo’s (HKEx: 992) North American-based operations and its home base in China, in what could be a good or bad thing depending on how the situation develops. The nascent rift was on display recently with media reports that the company was forming a new Americas highly autonomous unit to strengthen its North and South American operations. (Chinese article)
Since China first announced its plans to launch an International Board several years ago, a group of overseas-based companies that do big business in China have been waiting patiently to list on the board to raise both cash and their profiles on the mainland. Many of those companies were genuine foreign firms, such as banking giants HSBC (HKEx: 5; London: HSBA) and Standard Chartered (HKEx: 2888; London: STAN); but an equally large group were Chinese companies like mobile carrier China Mobile (HKEx: 941; NYSE: CHL) and PC maker Lenovo (HKEx: 992), which incorporated overseas so they could list their shares in Hong Kong. Now it appears that at least some of the Chinese companies that wanted to list on the International Board are losing their patience with the slow progress, with word that Lenovo’s parent and telecoms carrier China Telecom (HKEx: 728; NYSE: CHA) may both be exploring more traditional A-share listings for some of their units.
The following press releases and media reports about Chinese companies were carried on February 6. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Commerce Ministry Officials In Europe to Negotiate For Huawei, ZTE (HKEx: 763) (Chinese article)
SABMiller (London: SAB) JV To Buy Chinese Breweries For $863 Mln (English article)
Yum (NYSE: YUM) CEO Says Time, Not Cash, To Cure China Sales Drop (English article)
Huawei, Microsoft (Nasdaq: MSFT) Co-Develop Customized W8 Phone For Africa (Chinese article)
Perfect World (Nasdaq: PWRD), Lenovo (HKEx: 992) Partner on Smart TV Game (English article)
Forget about Hewlett-Packard (NYSE: HPQ), the US computer giant that overtook China’s Lenovo (HKEx: 992) to retake the spot as the world’s biggest PC maker late last year. In discussing its latest quarterly results released late on Wednesday, Lenovo’s talkative chief executive Yang Yuanqing had scant time to discuss his company’s recent loss of the global PC crown to HP, a previous obsession for him for much of the previous 2 years. (results announcement) Instead, Yang appears to have turned his sights to some equally big targets in the form of Samsung (Seoul: 005930) and Apple (Nasdaq: AAPL), the world’s top 2 makers of smartphones, as Lenovo makes its own aggressive push into the space.
I’m feeling a bit cranky and contrarian today, so I’m going to be somewhat bold and give the following response to yet the latest headlines trumpeting China’s passing the US to become the world’s largest smartphone market: Who cares? I’ll admit that my response to this development is perhaps a bit unfair, since China’s attainment of the world’s smartphone title is certainly an important milestone for a country where even traditional wired telephone service was still rare as recently as 20 years ago.
I don’t know if anyone else out there has noticed this, but a recent string of events is pointing to a growing rift between PC giant Lenovo’s (HKEx: 992) North American-based operations and its home base in China, in what could be a good or bad thing depending on how the situation develops. The nascent rift was on display recently with media reports that the company was forming a new Americas highly autonomous unit to strengthen its North and South American operations. (
Since China first announced its plans to launch an International Board several years ago, a group of overseas-based companies that do big business in China have been waiting patiently to list on the board to raise both cash and their profiles on the mainland. Many of those companies were genuine foreign firms, such as banking giants HSBC (HKEx: 5; London: HSBA) and Standard Chartered (HKEx: 2888; London: STAN); but an equally large group were Chinese companies like mobile carrier China Mobile (HKEx: 941; NYSE: CHL) and PC maker Lenovo (HKEx: 992), which incorporated overseas so they could list their shares in Hong Kong. Now it appears that at least some of the Chinese companies that wanted to list on the International Board are losing their patience with the slow progress, with word that Lenovo’s parent and telecoms carrier China Telecom (HKEx: 728; NYSE: CHA) may both be exploring more traditional A-share listings for some of their units.
Forget about Hewlett-Packard (NYSE: HPQ), the US computer giant that overtook China’s Lenovo (HKEx: 992) to retake the spot as the world’s biggest PC maker late last year. In discussing its latest quarterly results released late on Wednesday, Lenovo’s talkative chief executive Yang Yuanqing had scant time to discuss his company’s recent loss of the global PC crown to HP, a previous obsession for him for much of the previous 2 years. (
