The following press releases and media reports about Chinese companies were carried on November 27. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
US Expands China Hiring Probe To Morgan Stanley (NYSE: MS) (English article)
Huawei Founder Ren Zhengfei Vows Counteroffensive Against US (Chinese article)
PetroChina (HKEx: 857) Receives US Court Notice On Probe Into Executives (English article)
LDK Solar (NYSE: LDK) Reports Financial Q3 Results (PRNewswire)
Microsoft (Nasdaq: MSFT) Picks Guangming Daily As New China Partner (Chinese article)
Some longtime Chinese workers at a Nokia (Helsinki: NOK1V) plant in Guangdong got a rude surprise when they were recently asked to take pay cuts, as the former cellphone giant struggles to halt its rapid decline. But rather than accept the cuts, the workers went on strike to protest the cost-saving measure after Nokia’s recent purchase by Microsoft (Nasdaq: MSFT), a move which could offer the best chance of saving the company. Read Full Post…
The following press releases and media reports about Chinese companies were carried on November 21. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Hundreds Of Chinese Nokia Workers Protest At Microsoft (Nasdaq: MSFT) Deal (English article)
Unicom (HKEx: 762), Huawei Partner To Offer Internet TV In Qingdao (English article)
Chalco (HKEx: 2600) Vice President Li Dongguang Under Investigation (Chinese article)
Suning (Shenzhen: 002024) Sets Up Silicon Valley R&D Center (Chinese article)
500.com Raises Price Range For IPO To $11-$13 Per ADS, From Previous $9-$11 (Chinese article)
Beijing is showing that Washington isn’t the only one that can play games over national security concerns, with word that networking equipment giant Cisco Systems (Nasdaq: CSCO) is loosing big business in China due to revelations about US spying. Frankly speaking, this latest development in the networking equipment Cold War between Beijing and Washington doesn’t surprise me too much, and some might even say that China’s national security concerns are justified. But no matter what you think, it seems likely that Cisco’s new China freeze is at least partly and quite possibly completely in response to similar moves by Washington against Chinese networking equipment giants Huawei and ZTE (HKEx: 763; Shenzhen: 000063). Read Full Post…
A pair of tired tech titans, namely software maker Microsoft (Nasdaq: MSFT) and electronics maker Sony (Tokyo: 6753), are making new pushes in the Chinese instant messaging (IM) and gaming spaces, as each tries to remain relevant in the fast growing market. Both of these companies are struggling for direction not only in China but also globally, with each recently seeking new leadership in a bid to regain their former glory. Back on the China front, Microsoft is formally ending a longstanding local partnership in a bid to bolster its flagging IM services in China. Meanwhile, Sony is making headlines in gaming, one of its few remaining strong areas, with word that it plans to roll out its popular PlayStation consoles in China. Read Full Post…
The following press releases and media reports about Chinese companies were carried on November 13. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Huishang (HKEx: 3698) In Flat Debut On Weak Demand For China Bank Stocks (English article)
Sony (Tokyo: 6753) To Expand Console Game Business Into China (English article)
Sina (Nasdaq: SINA) Reports Q3 Financial Results (PRNewswire)
Training Company Tarena Prepares IPO After New Hire (English article)
Microsoft (Nasdaq: MSFT) Says To Find New JV Partner For Skype In China (Chinese article)
The following press releases and media reports about Chinese companies were carried on November 9-11. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Cinda Hong Kong IPO To Test Investor Appetite For China’s Bad Debt (English article)
Microsoft (Nasdaq: MSFT) to Take Over China Skype Operation From Tom (English article)
500.com Sets IPO Price Range At $9-$11 per ADS (Chinese article)
Holder Of Tesla (Nasdaq: TSLA) Name In China Wants $30 Mln For Trademark (Chinese article)
Vancl Raises Another $100 Mln In Quest To Regain Lost Glory (Chinese article)
The following press releases and media reports about Chinese companies were carried on September 25. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Suning (Shenzhen: 002024) In Advanced Talks To Buy PPTV For $400 Mln – Source (Chinese article)
Microsoft, BesTV (Shanghai: 600637) to Invest up to $237 Mln in China Venture (English article)
US Solar Group Offers Proposal To End US-China Panel Dispute (Group announcement)
KKR, Modern Dairy (HKEx: 1117) To Build Large Scale Farms in Shandong (Businesswire)
Alibaba Launches Taobao C2C Service In Singapore (English article)
Most of China may have taken a holiday during last week’s 3-day Mid Autumn Festival, but it was all work for networking equipment giant Huawei as it used the time to host a global IT forum in Holland. Xu Wenwei, head of Huawei’s enterprise division, used his microblog to hype the event, which looks like the company’s latest effort to convince the world that it’s a global company and not just another maker of cheap “made in China” goods. Meantime, the chatty Lei Jun took time out from his Mid Autumn holiday to drop the latest hint that Xiaomi, the fast-rising smartphone maker he co-founded, is developing its own mobile operating system (OS) that could someday compete with rival products from Google (Nasdaq: GOOG), Apple (Nasdaq: AAPL) and Microsoft (Nasdaq: MSFT) Read Full Post…
There’s an interesting report out saying that up-and-coming smartphone maker Xiaomi is developing its own mobile operating system (OS), becoming the latest Chinese player to try to muscle in on a market now dominated by 3 US companies — Apple (Nasdaq: AAPL), Google (Nasdaq: GOOG) and Microsoft (Nasdaq: MSFT). I’ll admit there have been so many similar initiatives by both Chinese hardware and Internet companies these days that it’s hard to know which of the campaigns are genuinely new systems and which are just variants of Google’s popular and free Android OS. Read Full Post…
I’d like to finish out this week by taking a look at 2 business personalities in the news these last few days, namely tech guru Lee Kai-Fu and tech financier and industry pundit Charles Xue, more commonly known by his self-given moniker Xue Manzi. Lee has just disclosed over his microblog that he has been diagnosed with cancer, while Xue’s arrest for soliciting prostitutes stems from own personal fondness for beautiful women. Read Full Post…
