The following press releases and media reports about Chinese companies were carried on July 13-15. To view a full article or story, click on the link next to the headline.
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Glaxo (London: GSK) Executives Admit to Bribery, Tax Crimes, China Says (English article)
Qihoo 360 (NYSE: QIHU) In Final Talks To acquires Sogou For $1.4 Bln (English article)
Spreadtrum (Nasdaq: SPRD) Agrees To Be Acquired by Tsinghua Unigroup (PRNewswire)
The following press releases and media reports about Chinese companies were carried on July 11. To view a full article or story, click on the link next to the headline.
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Lenovo’s (HKEx: 992) Eedoo Sold to Unnamed Software Company – Source (English article)
Tencent (HKEx: 700) In Talks To Buy Ctrip (Nasdaq: CTRP) Stake – Source (Chinese article)
Social E-Commerce Firm The Fancy Raises $53 Mln (Chinese article)
Smithfield (NYSE: SFD) CEO faces Senate heat over sale to China (English article)
Qihoo 360 (NYSE: QIHU) Protects Against Android Vulnerability (PRNewswire)
The following press releases and media reports about Chinese companies were carried on July 5. To view a full article or story, click on the link next to the headline.
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China Probes Pricing At Drugmakers Including GSK, Merck (English article)
China Merchants Bank (HKEx: 3968) Sets Up Online Branch On WeChat (Chinese article)
HKEx Approves AgBank (HKEx: 1288) To Issue $5 Bln In Medium-Term Notes (HKEx announcement)
Qihoo (NYSE: QIHU), Sogou Increase Search Traffic Share in June (English article)
Beijing Praises Baby Formula Brands for Price Reduction (English article)
The following press releases and media reports about Chinese companies were carried on July 3. To view a full article or story, click on the link next to the headline.
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China Investigates Danone, Nestle on Milk-Powder Pricing (English article)
Japanese Car Sales in China Decline for Fourth Quarter (English article)
Trina Solar (NYSE: TSL) To Redeem Outstanding Notes Due 2013 (PRNewswire)
Spreadtrum (Nasdaq: SPRD) Board Selects Advisor On Tsinghua Offer (PRNewswire)
Qihoo (NYSE: QIHU) a Winner in China Mobile Wars, Citigroup Says (English article)
I’m not the biggest fan of software security specialist Qihoo 360 (NYSE: QIHU) due to its sometimes dubious business practices that often result in lawsuits and other complaints against the company. But I do have to admire the creative ways it finds to secretly install its products on people’s computers, which I suspect is the main motivation for its newly announced wireless router that carries a very low price tag. Of course all this stealth activity is just slightly ironic for a company like Qihoo, whose core product is software that’s supposed to make users’ computers more secure. Read Full Post…
Security software has remained a relatively quiet product area in China despite its huge potential, largely due to the domination of the market by early entrant Qihoo 360 (NYSE: QIHU). But that looks set to change soon, with the latest reports indicating that search leader Baidu and social networking giant Tencent (HKEx: 700) could be preparing to enter the market with their own rival products. Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 19. To view a full article or story, click on the link next to the headline.
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Mengniu (HKEx: 2319) Adds Another Deal With Offer For Carlyle’s Yashili (English article)
EU Trade Chief To Discuss Solar Dispute In Beijing (English article)
Software Developer SkyTech to IPO in HK – Source (English article)
Qihoo 360 (NYSE: QIHU) To Roll Out Portable Wi-Fi Router Device (Chinese article)
Huawei, Responding To Rumors, Says No Plans To Buy Nokia (Helsinki: NOK1V) (English article)
After disappearing from the headlines for a few months, the ongoing search war between industry leader Baidu (Nasdaq: BIDU) and challenger Qihoo 360 (NYSE: QIHU) has jumped back into the news with reports that the former has sued the latter. This new lawsuit is most likely just the first phase in a new stage of the battle between these 2 companies, and I fully expect Qihoo to file a countersuit within the next few weeks. I could even be a bit sarcastic and express my surprise that Qihoo didn’t file the first suit in this rivalry, since the software security specialist is notoriously litigious and has probably sued just about every major Chinese Internet company at some point. Read Full Post…
The ongoing game of musical chairs in China’s online search space is continuing this week with word that Internet portal Sohu (Nasdaq: SOHU) wants to sell its Sogou unit, operator of China’s third largest search engine. While many of the previous rumors of consolidation in the search space have looked dubious to me, this one actually looks like it could be credible for a number of reasons I’ll detail shortly. If it’s true, I would also commend Sohu for making a shrewd move by getting out of a crowded market where it has limited resources and expertise compared with other players. Read Full Post…
Internet search leader Baidu (Nasdaq: BIDU) can’t seem to do anything right these days, even when it posts quarterly earnings results that look relatively respectable to me. I suspect that the same short-term traders who bid up Baidu’s stock to meteoric heights in the years after its 2005 IPO are now trying to make more money by short selling the company. That’s my best explanation for the 8 percent sell-off in Baidu stock in after-hours trade after it posted its latest quarterly earnings report. If the losses carry into the regular Friday session, Baidu could easily see its market capitalization drop below the $30 billion mark as its stock tests new lows not seen for more than 3 years. Read Full Post…
Security software specialist Qihoo 360 (NYSE: QIHU) is learning that bad news comes in waves, with new reports saying the company’s highly hyped new search engine isn’t doing quite as well as previous reports indicated. The news, if true, would follow another major setback for the company last month when an anti-monopoly lawsuit it filed against Internet giant Tencent (HKEx: 700) was thrown out by a judge in a courtroom in southern Guangdong province. (previous post) Read Full Post…
