The following press releases and media reports about Chinese companies were carried on March 6. To view a full article or story, click on the link next to the headline.
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Dangdang (NYSE: DANG), Yhd.com Form Strategic Partnership (PRNewswire)
Canadian Solar (Nasdaq: CSIQ) Reports Q4 And Full Year 2013 Results (PRNewswire)
Minsheng Bank (HKEx: 1988) Approved To Issue 20 Bln Yuan In Bonds (HKEx announcement)
Qihoo 360 (NYSE: QIHU) Apps Return to Apple (Nasdaq: AAPL) App Store (English article)
EMC (NYSE: EMC) Says China Sales Grow For 8th Consecutive Year (Chinese article)
The following press releases and media reports about Chinese companies were carried on March 5. To view a full article or story, click on the link next to the headline.
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Search leader Baidu (Nasdaq: BIDU) may be rapidly yielding market share to 2 up-and-coming rivals, even as its latest results show it’s still king of the hill when it comes to getting revenue from online advertisers. But the company is still searching for new innovation, with word that charismatic Xiaomi co-founder Lei Jun came to speak at an internal event this week as Baidu seeks to rekindle its own “wolf spirit”. Baidu’s quest to become more diversified and has moved into high gear with a spree of major acquisitions over the last year in a wide range of areas. Still, its latest results, while impressive, show just how heavily dependent the company remains on online advertisers. Read Full Post…
We’re getting a better picture of the latest online advertising trends with the recent release of earnings from 3 leading web portals, revealing a looming slowdown for names like Sina (Nasdaq: SINA), Sohu (Nasdaq: SOHU) and Phoenix New Media (NYSE: FENG). Sina and Sohu could offset the slowdown through growth in their newer businesses, which includes Sina’s Weibo microblogging service and Sohu’s search and video services. But everyone could also face more challenges from newcomers like Qihoo 360 (NYSE: QIHU), which is under intense pressure to start monetizing its highly-hyped and fast growing So.com search service. Read Full Post…
The following press releases and media reports about Chinese companies were carried on February 25. To view a full article or story, click on the link next to the headline.
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China’s Sina (Nasdaq: SINA) Plans $500 Mln US IPO For Weibo (English article)
Shanda Interactive To Sell 5 Units To Alibaba For $3.2-$3.5 Bln – Sources (Chinese article)
ZTE (HKEx: 763) Launches Two New Firefox OS Phones in the ZTE Open Series (Businesswire)
Autohome (NYSE: ATHM) Announces Q4 and Full Year 2013 Financial Results (PRNewswire)
Normally the sudden resignation of a quarter of a company’s board would ring alarm bells for many investors, but just the opposite seems to be the case for controversial software security specialist and rising online search star Qihoo 360 (NYSE: QIHU). The company’s shares jumped nearly 6 percent during the latest trading session in New York, and then managed to maintain most of those gains even after it announced the resignation of 2 of its 9 directors after the market closed. But that kind of performance seems normal for Qihoo these days, as investors buy heavily into the bullish growth story for its search business and ignore a number of potential warning signs, including these latest resignations. Read Full Post…
Top executives at controversial software security maker Qihoo 360 (NYSE: QIHU) have been blitzing cyberspace these past few days with a campaign to convince the world that it’s suddenly become a defender of justice and occupier of the moral high ground. This sudden offensive almost looks coordinated, with Qihoo aiming its newest assaults at 3 of its favorite targets, search leader Baidu (Nasdaq: BIDU), top social networking firm Tencent (HKEx: 700) and fast-rising super-cool smartphone maker Xiaomi. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 4. To view a full article or story, click on the link next to the headline.
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Britain’s Cameron Defends GSK’s (London: GSK) Business Practices In China (English article)
First it was smartphones, then it was Internet TV, and now wireless routers have become the latest flavor of the day for Chinese web firms as everyone looks to drive traffic to their sites and services in the fast-evolving market. I previously wrote when security software specialist Qihoo 360 (NYSE: QIHU) entered the router space in June, and now a new report says smartphone maker Xiaomi, search leader Baidu (Nasdaq: BIDU) and game specialist Shanda are preparing to enter the sector as well. Meantime in a separate but related telecoms move, leading telco China Mobile (HKEx: 941; NYSE: CHL) is making a feeble move into the international market with a relaunch of its Jego service that it suspended shortly after an original roll-out earlier this year. Read Full Post…
The following press releases and media reports about Chinese companies were carried on November 20. To view a full article or story, click on the link next to the headline.
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Daimler (Frankfurt: DAIGn) Seeks To Revive China Operations With Beijing Auto Deal (English article)
8 Foreign Banks Approved To Open Branches In Shanghai Free Trade Zone (Chinese article)
Jingdong to Acquire MediaV for $700 Mln – Sources (English article)
Online search aspirant Qihoo 360 (NYSE: QIHU) is back in the headlines, this time by boosting its targets as it gains ground on market leader Baidu (Nasdaq: BIDU). At the same time, the company is also watching its flank, launching a new war of words against a new potential rival from the newly formed combination of Sohu’s (Nasdaq: SOHU) Sogou search engine and Tencent’s (HKEx: 700) Soso. From a tactical standpoint, this kind of attack on current and future rivals probably looks like a smart move. But from a more practical standpoint, these kinds of assaults are unlikely to have any real effect on Qihoo’s search business; instead such acts of aggression give off a signal of slight desperation as Qihoo tries to justify the recent run-up in its share price resulting from hype about its year-old So.com search engine. Read Full Post…
