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Tag Archives: Samsung
Samsung in China: latest business and financial News by former journalist at Reuter, expert of Chinese high Tech Market Doug Young
Samsung in China: latest News
We’ve been reading all year about how China is set to overtake the US to become the world’s largest smartphone market in 2013, and now we’re seeing some numbers that tell the story more vividly. The latest figures on China’s smartphone market show Apple’s (Nasdaq: AAPL) position slumping in the second quarter, as sales have surged for a field of domestic players cranking out millions of cheap models, many selling for less than 1,000 yuan ($160 )each. Up-and-coming smartphone maker Xiaomi entered that part of the market just 2 weeks ago with its introduction of the Hongmi, which retails for just 799 yuan. (previous post) Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 10-12. To view a full article or story, click on the link next to the headline.
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After 9 Years, Tesco (London: TSCO) Gives Up On Cracking China Alone (English article)
China To Let Banks Sell Off Loans In Prelude To Possible Bailout (English article)
China’s Largest Investment Bank CICC In Early Step Towards IPO – Report (English article)
Xiaomi Raises 2013 Handset Sales Projection to 20 Mln Units (English article)
Samsung Leads China Smartphone Market, Apple Drops out of Top 5 (English article)
I’ve been reporting on China’s cellphone market long enough to know that change can come suddenly and without much warning, and that a superstar one day might be struggling for survival just a year or two later. Such transformations often come in waves, and it appears the newest shake-up could be coming as consumers start to shun prestigious high-end smartphones in favor of booming lower-end models that perform many of the same functions for a fraction of the price. China’s slowing economy could cause the trend to accelerate, since many consumers are now looking for ways to cut back their spending due to uncertainty about the future. Read Full Post…
A day after we saw the latest sign that Lenovo (HKEx: 992) was pursuing a major purchase in the US, we’re getting news of another smaller deal by China’s leading PC maker with word of a new smartphone tie-up with faded Japanese brand NEC (HKEx: 6701). Whereas I quite like the US deal that would see Lenovo buy the low-end server business of IBM (HKEx: IBM), this smaller deal with NEC looks more like Lenovo’s older pattern of buying up dying global brands with little or no real value. Read Full Post…
PC giant Lenovo (HKEx: 992) has announced plans for a major new bond issue, in the latest signal that it still hopes to revive stalled talks to buy IBM’s (NYSE: IBM) low-end server business. More broadly speaking, this announcement also marks a new chapter in Lenovo’s development as it adds bonds to its arsenal of to tools for financing global M&A. In the past, Lenovo typically gave stock to finance a big part of its global M&A, which was the case with its landmark purchase of IBM’s PC business in 2005 and its more recent formation of a joint venture with Japan’s NEC (Tokyo: 6701). Read Full Post…
Some 6 months after buzz first emerged that Amazon (Nasdaq: AMZN) could soon bring its popular Kindle tablet PCs to China, media are reporting that the product could finally make its debut in the market next month. I’ll be frank in saying that Amazon is coming to the China tablet PC market a bit late, as the space is already quite competitive due to the earlier arrival of Apple’s (Nasdaq: AAPL) iPad, along with tablet offerings from Samsung (Seoul: 005930) and homegrown giant Lenovo (HKEx: 992). But that said, I would also say there’s still no clear leader in the space, meaning Amazon could quickly grab some market share if it makes the right moves. Read Full Post…
I have to commend Yang Yuanqing, chairman of PC giant Lenovo (HKEx: 992), for his company’s latest quarterly results that look quite solid, but even more for his ability to stay on message. Just a year ago, Yang took every opportunity to talk about his desire to overtake US rival Hewlett-Packard (NYSE: HPQ) to become the world’s biggest PC brand. That message has clearly become yesterday’s news, replaced by the latest mantra that China’s consumer tech giant is setting its sights on smartphone leaders Apple (Nasdaq: AAPL) and Samsung (Seoul: 005930) as its next targets. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 18-20. To view a full article or story, click on the link next to the headline.
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After years of nonstop talk about making Lenovo (HKEx: 992) the world’s largest PC brand, CEO Yang Yuanqing is readjusting his sights these days onto competing with global smartphone and tablet PC leaders Apple (Nasdaq: AAPL) and Samsung (Seoul: 005930). On the one hand, I have to congratulate Yang for finally focusing on the right targets in his quest to build Lenovo into a true global computing leader. But on the other hand, I have serious doubts about whether Yang can challenge either Apple or Samsung, despite his success in overtaking Hewlett-Packard (NYSE: HPQ) briefly last year to become the world’s largest PC brand. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 16. To view a full article or story, click on the link next to the headline.
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‘Django Unchained’ Abruptly Pulled From China Theaters (English article)
Wanda Establishes E-Commerce Subsidiary in Beijing (English article)
Bertelsmann (Frankfurt: BTGGg) Joins With Kaixin Targeting Mothers, Children (Chinese article)
Shanda Games’ (Nasdaq: GAME) Actoz to Issue Shares For Mobile Expansion (PRNewswire)
Lenovo (HKEx: 992) Transforming To Compete With Apple, Samsung – CEO (Chinese article)
I’m feeling a bit cranky and contrarian today, so I’m going to be somewhat bold and give the following response to yet the latest headlines trumpeting China’s passing the US to become the world’s largest smartphone market: Who cares? I’ll admit that my response to this development is perhaps a bit unfair, since China’s attainment of the world’s smartphone title is certainly an important milestone for a country where even traditional wired telephone service was still rare as recently as 20 years ago.
I’m feeling a bit cranky and contrarian today, so I’m going to be somewhat bold and give the following response to yet the latest headlines trumpeting China’s passing the US to become the world’s largest smartphone market: Who cares? I’ll admit that my response to this development is perhaps a bit unfair, since China’s attainment of the world’s smartphone title is certainly an important milestone for a country where even traditional wired telephone service was still rare as recently as 20 years ago.
