The following press releases and media reports about Chinese companies were carried on July 19. To view a full article or story, click on the link next to the headline.
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China Hits US, South Korea With Solar Material Duties, Skirts EU Decision (English article)
Tencent (HKEx: 700), Alibaba in Talks to Acquire Jiayuan (Nasdaq: DATE) – Sources (English article)
Tencent, China Unicom (HKEx: 762) In Weixin Tie-Up (Chinese article)
Yahoo (Nasdaq: YHOO) Buys Chinese Startup Ztelic To Boost R&D (English article)
Xiaomi Nears New Funding Round, To Value Company At $9 Bln – Source (Chinese article)
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)
It seems I was incorrect with my previous prediction that an alliance between online gaming giant NetEase (Nasdaq: NTES) and US game designer Activision Blizzard (Nasdaq: ATVI) could be headed for trouble, with news of a major new tie-up between the pair. The news that NetEase has won the China rights for Activision Blizzard’s new “Hearthstone: Heroes of Warcraft” game comes more than 2 years after NetEase first licensed another popular game from the US company, and appears to reflect a strengthening of their relationship. (company announcement; English article) Read Full Post…
The following press releases and media reports about Chinese companies were carried on July 6-8. To view a full article or story, click on the link next to the headline.
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The following press releases and media reports about Chinese companies were carried on July 4. To view a full article or story, click on the link next to the headline.
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GM (NYSE: GM) China Sales Accelerate on Higher Demand for Cadillac (English article)
Huawei Says Hopes European Rivals Become Big Suppliers For China 4G (Chinese article)
WeChat 5.0 to Overhaul Public Accounts, Add Payment Features (English article)
LeTV’s (Shenzhen: 300104) First Batch Of Super TVs Sells Out In 49 Minutes (Chinese article)
Li Ning (HKEx: 2331) Seeks to Revive Brand With NBA Superstar Dwyane Wade
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 26. To view a full article or story, click on the link next to the headline.
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Carrefour (Paris: CARR) Considering Sale Of China, Taiwan Businesses: Report (English article)
China Mobile (HKEx: 941), Etisalat Weigh Bids For Pakistan Telco – Sources (English article)
Baidu’s (Nasdaq: BIDU) Qunar May Seek $1 Bln IPO in H2 2013 – Investors (English article)
Tencent (HKEx: 700) Invests $47 Mln In Kingsoft Security Software Unit (Chinese article)
HJEnglish Lands Second-Round $20 Mln Funding – Source (English article)
I previously welcomed the installment of a new generation of leaders at China Mobile (HKEx: 941; NYSE: CHL) about a year ago, but a steady series of mixed signals since then have me wondering if these new executives may be just as confused as their predecessor, former Chairman Wang Jianzhou. Since taking the helm of the world’s biggest telco, the new executives, led by new Chairman Xi Guohua, have made a number of moves that seem to reflect a company whose head remains in a haze. The latest of those has seen China Mobile just announce that it’s suspending its Skype-like Jego mobile messaging service just weeks after its launch. (Chinese article) Read Full Post…
China’s regulators have never been known for moving fast on anything, and that case seems to apply even more when it comes to allowing foreign players into emerging markets like third-party payment services. More than 2 years after China began awarding licenses for its domestic companies to offer such, foreign companies are still waiting for equal rights in the lucrative domestic market. But now US e-commerce giant eBay (Nasdaq: EBAY) is saying it could soon become the first foreign licensee to enter the market, providing both a big opportunity but also a major challenge as it seeks to catch up to Chinese rivals with more than a 2-year head-start. Read Full Post…
Sina’s (Nasdaq: SINA) Weibo microblogging platform is moving in many different directions these days, this time adding a major video component through a new tie-up with online video leader Youku Tudou (NYSE: YOKU). This new tie-up looks smart in some ways, as it pairs 2 leaders in online entertainment spaces that look complementary. But at the same time, Sina needs to be careful in its zealous campaign to commercialize Weibo, or risk alienating its millions of users and eventually driving them away to a growing array of rival products entering the market. Read Full Post…
