The following press releases and media reports about Chinese companies were carried on May 14. To view a full article or story, click on the link next to the headline.
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Hong Kong SFC Investigates Alibaba-ChinaVision (HKEx: 1060) Deal – Source (English article)
CCTV:WeChat Public Accounts Becoming Hotbed For Rumors, Fake Ads (Chinese article)
The following press releases and media reports about Chinese companies were carried on May 8. To view a full article or story, click on the link next to the headline.
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I’ve become a fan of smartphone sensation Xiaomi over these past 2 years, not because I actually own one of their phones but because I’m continually amazed at how good the company is at manipulating the media and general public to create buzz around its products. So I was somewhat puzzled and even a bit disappointed to read about the company’s choice of English name for its new global brand, which included a hefty price tag to purchase the relevant Internet domain.
Meantime, another master of buzz was also well represented in the microblogging realm, as Elon Musk, CEO of electric car sensation Tesla (Nasdaq: TSLA), won kudos and praise from many of the tech world’s top executives. Last but not least was a quirky microblog post from an executive at fading smartphone maker HTC (Taipei: 2498), showing that Edward Snowden was quite the common man. The HTC executive revealed the US intelligence super-leaker opted for super-cheap accommodations and dined on ordinary fast food during his brief stay in Hong Kong last year. Read Full Post…
The number 1,000 took on new significance in the blogosphere this past week, with tech titans Lenovo (HKEx: 992), Huawei and Xiaomi in a sudden new rush to chop prices for some of their newest products to under 1,000 yuan. The number translates to roughly $160, and is certainly not a bad price for the relatively high quality smartphones and tablet PCs that are suddenly being sold by the trio at that price and even less.
Meantime, tech executives were also paying tribute on their microblogs to Pat McGovern, the billionaire founder of the IDG media empire that was one of earliest venture capital investors to realize the potential of China’s Internet. McGovern, who died last Wednesday, leaves behind an empire that helped to fund some of China’s most recognizable Internet names, including sector leaders Tencent (HKEx: 700), Baidu (Nasdaq: BIDU), Ctrip (Nasdaq: CTRP) and SouFun (NYSE: SFUN), and many others. Read Full Post…
The following press releases and media reports about Chinese companies were carried on February 20. To view a full article or story, click on the link next to the headline.
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Tencent (HKEx: 700) To Buy 20 Percent Of Restaurant Ratings Site Dianping (HKEx announcement)
Dongfeng (HKEx: 489) To Pay 800 Mln Euros For 18 Pct Of Peugeot (Paris: PEUP) (English article)
MIIT: China’s 4G User Base To Reach 30-50 Mln In 2014 (English article)
Xiaomi Enters Singapore To Kick Off Global Expansion (Chinese article)
Qihoo 360 (NYSE: QIHU) To Introducing Free Security Services To The World (PRNewswire)
Things have certainly changed over the last 3 years in Lunar New Year messaging, as reflected by the flood of tech executives using their microblogs to weigh in on Tencent’s (HKEx: 700) launch of a red envelope gift function for its popular WeChat platform over the holiday period. Most of the comments were admiring and even in a slight state of awe at the big success of WeChat’s hongbao product, which lets users send gift money to their friends and relatives over the popular instant messaging platform. But at least one post from Alibaba smelled of sour grapes, and a Sina (Nasdaq: SINA) executive also took a backhanded swipe at the rival to his company’s own Weibo microblogging service. Read Full Post…
The following press releases and media reports about Chinese companies were carried on January 22. To view a full article or story, click on the link next to the headline.
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Tiger Global Snaps Up Alibaba Shares At Lofty Valuation (English article)
Qihoo 360 (NYSE: QIHU) Announces Resignation Of 2 Board Members (PRNewswire)
Shuanghui International Changes Name To WH Group (Businesswire)
New Oriental (NYSE: EDU) Announces Unaudited Fiscal Q2 Results (PRNewswire)
Citic Securities (HKEx: 6030) Gives Preliminary Financial Data For 2013 (HKEx announcement)
The following press releases and media reports about Chinese companies were carried on January 18-20. To view a full article or story, click on the link next to the headline.
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China Mobile (HKEx: 941) 4G iPhones Go On Sale, Pricing Plans Announced (Chinese article)
The following press releases and media reports about Chinese companies were carried on January 10. To view a full article or story, click on the link next to the headline.
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China Mobile To Sell iPhone Next Week, Unicom, China Telecom Cut Prices (Chinese article)
Qualcomm (Nasdaq: QCOM) CEO Says Still In Dark On China Antitrust Probe (English article)
Zhou Weiping Resigns As Interim CEO, CFO Of Suntech (NYSE: STPFQ) (PRNewswire)
Qihoo 360 (NYSE: QIHU) Denies In Talks To Sell Stake To Alibaba (Chinese article)
LDK (NYSE: LDK) Enters Further Forbearance Arrangement With Noteholders (PRNewswire)
The following press releases and media reports about Chinese companies were carried on January 9. To view a full article or story, click on the link next to the headline.
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Alibaba in Talks to Invest in Qihoo 360 (NYSE: QIHU) – Sources (English article)
Youku Tudou, China Mobile Video Contest Generates More Than 100 Mln Yuan (PRNewswire)
US Pressures South Korean Telcos To End Huawei Cooperation (Chinese article)
ZTE (HKEx: 763) Names New Global Head of Mobile Devices, Amid Consumer Focus (Businesswire)
Coolpad Rolls Out Online Phone Brand, Targets 10 Bln Yuan In First Year Sales (Chinese article)
It’s quiet outside as markets reopen on this first work day after the New Year, so I thought I’d start off 2014 with some predictions for the year ahead in the sectors that I cover. Generally speaking, I do think the first half of the year will see a continuation of strong momentum that began in late 2013 for many sectors. But that momentum will slow as we near the mid-year mark, and 2014 could end with a whimper as the Chinese economy continues to slow and Beijing pushes for higher quality growth. Read Full Post…
