A flurry of IPO news is in the headlines as we start this new week, including more troublesome signs from New York for an upcoming tech IPO, and a potentially exciting new offering in Shanghai from China’s leading budget airline. Meantime, another quirky piece of IPO news is making headlines with word that a Sichuan-based soccer club is aiming for an eventual listing in London. The 3 companies involved in these news bits, respectively, are security software maker Cheetah Mobile, budget carrier Spring Airlines and the Sichuan Leaders soccer club. Read Full Post…
Tag Archives: Sina
Government Clampdown Trips Up Sina
It’s been a roller coaster ride this past week for leading web portal Sina (Nasdaq: SINA), which has just fallen victim to a government clampdown targeting illicit content like pornography on the Internet. The clampdown sparked a sell-off in Sina’s shares, reversing gains from an earlier rally fueled by strong performance of its newly listed Weibo (Nasdaq: WB) microblogging unit, often called the Twitter of China. But Sina should be accustomed to this kind of roller coaster ride, and its shares could easily bounce back in the next week or two as investors realize this latest crackdown is largely meaningless and won’t have any impact on the company’s business.
News Digest: April 25, 2014
The following press releases and media reports about Chinese companies were carried on April 25. To view a full article or story, click on the link next to the headline.
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- Baidu (Nasdaq: BIDU) Announces Q1 2014 Results (PRNewswire)
- AOL’s (NYSE: AOL) Makers Digital Video Initiative Launches In China (Businesswire)
- Sina’s (Nasdaq: SINA) Publication, Video Licenses Revoked For Illicit Content (English article)
- Youku Tudou (NYSE: YOKU) Partners With Leading Smart TV, OTT Makers (PRNewswire)
- BYD (HKEx: 1211) Announces Q1 Financial Results (HKEx announcement)
- Latest calendar for Q1 earnings reports (Earnings calendar)
Weibo: TCL, ZTE On Road Trips; Ominous Kudo For Sina Weibo
Two of China’s top tech executives were on the road last week, with ZTE (HKEx: 763; Shenzhen: 000063) and TCL (Shenzhen: 000100) officials making overseas visits that could hint at their future directions. Meantime, congratulations were pouring in from around the tech world for Sina (Nasdaq: SINA) on its IPO for (Nasdaq: WB), which struggled to find an audience among big investors but then managed to make a respectable trading debut. Such kudos aren’t unexpected for the popular microblogging platform, often called the Twitter of China. But one particular message from controversial tech titan and Qihoo 360 (NYSE: QIHU) CEO Zhou Hongyi looked just slightly ominous to me, even though the message itself was purely congratulatory. Read Full Post…
Chunkong Set For Tepid IPO, 58.com Eyes M&A
Mobile game operator Chukong is back in the headlines with its latest filing for a New York IPO, while recently listed 58.com (NYSE: WUBA) is also making news with word that it’s eying strategic acquisitions to complement its popular online classified advertising site. Chukong’s newly released financials reveal that it’s growing at lighting speed in the attractive mobile games space, even as its losses also mount. Meantime, 58.com’s M&A plan looks quite attractive to me, as it attempts to build a diversified classified advertising site that we haven’t seen emerge in China so far. Read Full Post…
JD.com Adds WeChat To Arsenal In Alibaba Assault
Alibaba founder Jack Ma’s worries about the rapid rise of mobile instant messaging service WeChat appear to be well founded, with word that Tencent’s (HKEx: 700) wildly popular platform will create an exclusive shopping channel for Alibaba’s chief rival JD.com. This kind of deal must certainly be Ma’s biggest nightmare, as it will instantly link JD, China’s second largest e-commerce company, with the hundreds of millions of young Chinese who regularly use WeChat to communicate. What’s more, WeChat has shown itself quite capable of converting its users into shoppers who could easily become JD customers. Read Full Post…
Weibo Debut Clouds Outlook For Tech IPOs
Everyone’s buzzing today about the trading debut of Weibo (Nasdaq: WB), following a performance by the Sina (Nasdaq: SINA) microblogging unit that was filled with mixed signals. Potential investors in the company will inevitably have many questions about Weibo’s future, as it seeks to carve out a secure and profitable place for itself in China’s competitive social networking (SNS) space. But from the bigger perspective, this mixed performance is the latest sign that the window of positive sentiment towards Chinese Internet IPOs is closing fast in New York, though it could remain open for perhaps another few weeks.
News Digest: April 18, 2014
The following press releases and media reports about Chinese companies were carried on April 18. To view a full article or story, click on the link next to the headline.
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- Sina Weibo (Nasdaq: WB) Shares Jump 19 Pct In US Debut (English article)
- China Unicom (HKEx: 762) Confident Of Getting FDD-LTE License Within Year (Chinese article)
- ZTE (HKEx: 763) Announces Q1 Results (HKEx announcement)
- Youku Tudou (NYSE: YOKU), Huawei Launch Internet TV Set-Top Box (English article)
- JD.com Sued As IPO Nears (Chinese article)
- Latest calendar for Q1 earnings reports (Earnings calendar)
Mobile Game Maker Chukong Joins IPO Queue
Signs of weakening sentiment haven’t stopped the flood of Chinese tech firms lining up for new listings in New York, and now we can add mobile game maker Chukong Technologies to the list of new IPO candidates. If anything, recent signs of weakening sentiment may make companies that have already done much of the preparatory work for IPOs accelerate their plans, meaning we could see quite a few new listing applications in May. That’s what Chukong is planning, according to media reports saying the firm has made its first non-public filing for an IPO with the US securities regulator. (Chinese article) Read Full Post…
Jumei, Sina Further Dampen IPO Fever
New developments from leading web portal Sina (Nasdaq: SINA) and listing candidate Jumei are providing the latest signals that the heady market for Chinese IPOs in New is rapidly losing steam, potentially derailing many upcoming new offerings. Sina has just announced a massive share buyback to support its crumbling stock, just days before a rapidly weakening IPO for its Weibo microblogging unit that could come as soon as this week. Meantime, online cosmetics seller Jumei has sharply scaled back the size of its original IPO plan, again hinting at rapidly weakening demand for shares of Chinese Internet companies. Read Full Post…
News Digest: April 12-14, 2014
The following press releases and media reports about Chinese companies were carried on April 12-14. To view a full article or story, click on the link next to the headline.
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- Jumei.com Files For New York IPO To Raise Up to $400 Mln (Chinese article)
- Sina (Nasdaq: SINA) Announces up to $500 Mln Share Repurchase Program (PRNewswire)
- AutoNavi (Nasdaq: AMAP) Agrees to Be Acquired by Alibaba (English article)
- Sohu (Nasdaq: SOHU) CEO Zhang Prepares For Change, Eyes Common Netizens (Chinese article)
- Trina Solar (NYSE: TSL) Updates Q1 2014 Guidance (PRNewswire)
- Latest calendar for Q1 earnings reports (Earnings calendar)
