The following press releases and media reports about Chinese companies were carried on September 24. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
4G License Timetable Not Set, Talk Of Q3 Release Unreliable (Chinese article)
GSK’s (London: GSK) China Sales May Be Down 30 Pct On Scandal: Analysts (English article)
Suntech (NYSE: STP) Announces Seizure Of Global Solar Fund Assets In Italy (PRNewswire)
Sina (Nasdaq: SINA) Weibo, Hisense (Shanghai: 600060) Roll Out Smart Air Con (Chinese article)
Used Car Website Operator Souche Secures US Dollar 8-Digit Funding (English article)
The following press releases and media reports about Chinese companies were carried on September 13. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
The following press releases and media reports about Chinese companies were carried on September 6. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
China Probes Against Foreign Pharma Unfair: EU Business Lobby (English article)
Xiaomi Launches New Mi3 Smartphone, To Sell For 1,999 Yuan (Chinese article)
Alibaba to Invest in Sina (Nasdaq: SINA) Video Business – Source (English article)
US Unlikely To Block Shuanghui Purchase of Smithfield (NYSE: SFD) (English article)
Qihoo 360 (NYSE: QIHU) Closes Offering of $600 Mln of Convertible Notes (PRNewswire)
The following press releases and media reports about Chinese companies were carried on August 31-September 2. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
The following press releases and media reports about Chinese companies were carried on August 30. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Carlyle, Shanghai Yupei To Invest $200 Mln On China Logistics Warehouses (Businesswire)
Sina (Nasdaq: SINA) Acquires Online Literature Site Xuan Guoke – Source (English article)
Chinese Internet companies have never been afraid to venture outside their core business areas, and that trend continues with word that e-commerce heavyweights Alibaba and Suning (Shenzhen: 002024) are making new forays into education and finance, respectively. Frankly speaking, this recent venturing of some companies so far outside their core competencies doesn’t look all that smart to me, and is the result of a “follow the herd” mentality that’s being driven by a few companies with lots of cash that they want to invest. But that said, these 2 latest cases do look relatively logical and probably have good chances for success. Read Full Post…
An interesting war of wills is shaping up between the Hong Kong stock exchange (HKEx) and e-commerce giant Alibaba, which looks increasingly determined to make its highly anticipated multibillion-dollar IPO in Hong Kong rather than New York. Alibaba’s apparent determination to keep its listing closer to its home China market is understandable, since the Hong Kong stock exchange is already home to China’s biggest listed Internet company, Tencent (HKEx: 700). But that said, Alibaba’s only personal experience with a public listing was also in Hong Kong, and that listing involving its B2B unit Alibaba.com was largely a failure. Shares of Alibaba.com initially soared after their 2007 IPO, but then were largely ignored by investors due to slowing growth, prompting Alibaba to ultimately privatize the company last year. Read Full Post…
Internet leaders Baidu (Nasdaq: BIDU) and Alibaba are in a recent war to see who can win the most headlines for online M&A, which has suddenly accelerated in China after years of inactivity. In the last 24 hours alone, media are reporting that Alibaba has finalized a deal to team with Hunan Satellite Television to purchase PPTV, one of China’s top video sharing sites. Not to be outdone, Baidu was reported earlier this week to be in late-stage talks to buy group buying site Nuomi (previous post), and has just announced the finalization of its previously announced $1.9 billion plan to buy online app store 91Wireless. (company announcement) Read Full Post…
After a wait of more than 2 years, Sina’s (Nasdaq: SINA) hugely popular Weibo microblogging platform is finally realizing some of its potential, raising the possibility we could finally see an IPO for the Twitter-like service in the next year. People started buzzing about a Weibo IPO as early as late 2010, when the service first began its meteoric rise after Beijing blocked the original Twitter in 2009. But then investors quickly cooled to the idea of an IPO, as it became apparent that Sina Weibo might take a long time to become profitable and a separate series of accounting scandals rocked the broader sector of US-listed Chinese stocks.Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 13. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Sina (Nasdaq: SINA) Reports Q2 Financial Results (PRNewswire)
ZTE (HKEx: 763) To Sell ZTE Open Firefox OS Phone on eBay US and UK (Businesswire)
Alibaba’s Taobao Bans Externally Linked QR Codes (English article)
500wan.com Chooses Deutsche Bank, Stifel For $150 Mln New York IPO (Chinese article)
Yum’s (NYSE :YUM) July China Restaurant Sales Drop More Than Expected (English article)
The headlines have been buzzing with news about the rollout of the latest edition WeChat, which is being called a major overhaul as operator Tecent (HKEx: 700) tries to commercialize the wildly popular mobile instant messaging service. At the same time, media are reporting that WeChat has achieved another major milestone in its new tie-up with telco China Unicom (HKEx: 762; NYSE: CHU), with up to a million people pre-registering for the new Unicom-based WeChat service in the first 2 days after it became available. Read Full Post…
