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Tag Archives: Qunar
Qunar company news. Find out the latest breaking news for Qunar Cayman Islands Limited (QUNR).
Overview of an expert, doug Young.
Qunar, one of China’s largest online travel booking platforms, plans to expand its mobile business with a new $500 million investment
Boosted by the big success of the IPO for its money-losing Qunar (Nasdaq: QUNR) online travel unit, Internet search leader Baidu (Nasdaq: BIDU) is reportedly aiming to test investor appetite for a similar offering next year for its loss-making iQiyi online video unit. Frankly speaking, I don’t think this plan looks very good for a number of reasons, led by the fact that money-losing firms aren’t very attractive in general to investors. Qunar has been the only money-loser of 5 Chinese tech companies to make New York IPOs in the last 2 months, and I wouldn’t be at all surprised if investors were attracted to the firm chiefly for its strong ties to Baidu, its controlling stakeholder. Read Full Post…
US-listed Chinese stocks neared the end of 2013 with a wild ride last week, as 3 major developments provided a glimpse of the bumpy road that lies ahead in the New Year. That performance points to a strong start for new IPOs at the start of 2014, even though momentum could quickly flag due to the highly volatile and unpredictable nature of these stocks. 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)
An interesting picture is emerging from the mini-rush of Chinese IPOs now hitting the market, as reflected by word that online car seller Autohome has cut the size of its upcoming New York offering. On the one hand, the 4 companies to launch IPOs in the last month have all seen their shares perform quite well since their trading debuts. But at the same time, the size of the offerings has been rapidly shrinking, and all have seen their trading volumes drop dramatically since their first trading days. That seems to indicate the market is filled with speculators right now, and there’s much less longer-term interest in the companies once their shares start trading. Read Full Post…
More mixed signals are coming from the IPO space, with listing candidate 500.com raising the price range for its shares indicating that demand is better than previously thought. The lifting of the range for its American Depositary Shares (ADSs) comes just a day after 2 recently listed Internet companies, Qunar (Nasdaq: QUNR) and LightInTheBox (NYSE: LITB), announced new quarterly results that showed both were losing money. In what could be another piece of IPO news, Internet aspirant Suning (Shenzhen: 002024) has made a high profile move outside China by opening an R&D center in the US, leading me to speculate that perhaps the company could be eying an offshore IPO in the next year or two. Read Full Post…
Note: After originally publishing this article, a Qunar spokesman pointed out that the company’s report that it had $80 million in cash was as of September 30, which would not have included the $194 million that it raised in its IPO, which occurred at the beginning of November.
Newly listed Internet companies Qunar (Nasdaq: QUNR) and LightInTheBox (NYSE: LITB) are trying hard to kill a recent window of positive sentiment towards Chinese IPOs in New York, with each announcing quarterly results that can only be described as disappointing. Not surprisingly shares of both companies tumbled after the results came out, with LightInTheBox falling well below its IPO price. More broadly speaking, this outcome reflects the pressure that Chinese Internet companies feel to put on their prettiest faces before their IPOs, which creates disappointment when a clearer picture inevitably emerges in the following months. 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)
After a roaring few weeks in late October, the market for offshore Chinese IPOs has lost some momentum in the last 2 weeks as investors return their focus to important issues like company quality and growth prospects. In the latest sign of the market’s fickle nature, Chinese bank Huishang (HKEx: 3698) has sputtered in its trading debut in Hong Kong, boding poorly for other mainland banks lining up to list there. Another piece of IPO news is less ominous, with media reporting that education services firm Tarena is preparing to list as early as next year, most likely in New York. While that news is relatively neutral, reports are also pointing out that one of Tarena’s top executives recently joined the company from NQ Mobile (NYSE: NQ), the former New York-listed Chinese high flyer whose stock has tanked recently on doubts raised by a short seller. Read Full Post…
There’s a flurry of news in the fund-raising realm, led by word that online lottery company 500.com has sharply cut the size of its upcoming New York IPO following recent successful trading debuts for 2 other companies. At the same time, struggling online clothing seller Vancl has reportedly raised a new $100 million to keep funding its operations, as it looks for elusive profits. Meantime, Nasdaq-listed chipmaker RDA Microelectronics (Nasdaq: RDA) may be moving in the opposite direction of 500.com, with word that it has received a buyout offer that would see its shares de-listed from the Nasdaq. Read Full Post…
When is a 92 percent profit increase reason for pessimism? The answer to that question would normally be “never”, but we’re seeing a rare case where a near-doubling in profit for leading online travel agent Ctrip (Nasdaq: CTRP) has sparked a sell-off in the company’s shares. Ctrip isn’t alone in the bearish trend, with rival Qunar (Nasdaq: QUNR) also moving steadily downward in the last 2 days after a spectacular IPO last week. If I were an investor, I wouldn’t worry too much about this sell-off, which looks largely technical. But both stocks could be set for a few months of slow or no growth, following their recent spectacular run-ups. Read Full Post…
A couple of items from China’s booming auto market are shining a spotlight on the sector’s big potential and also the looming risk of a government-led slowdown in a bid to control the nation’s worsening air quality. In the former category, online information provider Autohome has just made its first public filing for a New York IPO, becoming the latest in a sudden burst of tech firms to raise money outside China. The second news bit looks a bit more ominous, with media reporting the city of Beijing is sharply cutting its quota for new car sales in a bid to improve local air quality. That could be the first sign of a looming slowdown for national auto sales if other cities follow suit, which could easily happen. Read Full Post…
