News Digest

Follow the last news about technology, media and telecoms companies in China.

News Digest: October 18, 2011

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The following press releases and media reports about Chinese companies were carried on October 18. To view a full article or story, click on the link next to the headline.

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◙ New China Life eyes approvals for $4 billion IPO next week: IFR (English article)

◙ Shanda (Nasdaq: SNDA) Receives Cash Proposal to Buy All Shares at $41.35 (PRNewswire)

◙ Canadian Solar (Nasdaq: CSIQ) Updates Q3 Guidance (PRNewswire)

◙ Ming Yang (NYSE: MY) Signs China Development Bank Deal, With $5 Billion of Financing (PRNewswire)

◙ Alibaba’s Taobao Mall Revises Rules in Response to Merchant Protests (English article)

News Digest: October 15-17, 2011

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The following press releases and media reports about Chinese companies were carried on October 15-17. To view a full article or story, click on the link next to the headline.

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◙ Chinese Government Encourages Officials to Microblog, Easing Crackdown Fears (English article)

◙ 55tuan Plans IPO By End of This Year – CEO (Chinese article)

◙ HTC (Taipei: 2498) Chief Executive Says No Plans to Acquire A Mobile Operating System (Chinese article)

◙ Camelot Information Systems (NYSE: CIS) Appoints Two New Independent Directors (PRNewswire)

◙ CNOOC (HKEx: 883) Reports Minor Oil Leak in Subsea Pipeline in Jizhou 9-3 West Oilfield (PRNewswire)

News Digest: October 14, 2011

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The following press releases and media reports about Chinese companies were carried on October 14. To view a full article or story, click on the link next to the headline.

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◙ 55tuan Closes Some Offices Overnight, Many Coupons Become Worthless (Chinese article)

◙ Qihoo 360 (NYSE: QIHU) Launches E-Commerce Directory Site (English article)

◙ Agilent (NYSE: A), Datang Establish TD-LTE Joint Development Lab (Businesswire)

◙ India Frees State Firms to Compete With China for Mines Abroad (English article)

◙ Baidu (Nasdaq: BIDU) to Report Q3 Financial Results on October 27 (PRNewswire)

News Digest: October 13, 2011

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The following press releases and media reports about Chinese companies were carried on October 13. To view a full article or story, click on the link next to the headline.

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◙ Lenovo (HKEx: 992) Passes Dell (Nasdaq: DELL) To Become Global No. 2 PC Seller in Q3 (Chinese article)

◙ Taobao Mall Stores Flooded with Malicious False Orders – Source (English article)

◙ Saab Receives Loan Money From Youngman: Paper (English article)

◙ Hyatt (NYSE: H) Introduces Hyatt Place, Hyatt House in Asia with 3 Shanghai Hotels (Businesswire)

◙ Two Wal-Mart (NYSE: WMT) Workers Arrested in Chinese Organic-Pork Probe (English article)

News Digest: October 12, 2011

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The following press releases and media reports about Chinese companies were carried on October 12. To view a full article or story, click on the link next to the headline.

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◙ China Mobile (HKEx: 941) Opens 5th Bidding Round For Major TD-LTE Construction (Chinese article)

◙ Group of Taobao Mall Merchants Band Together to Protest Steep Fee Hikes (Chinese article)

◙ Wal-Mart (NYSE: WMT) Halts Operations of Six More Stores in China Over Label (English article)

◙ CCTV Restricts TV Advertising from Medical Sector (English article)

◙ Spreadtrum (Nasdaq: SPRD) In 1st TD-Dual-SIM Dual-Standby Solution for TD-SCDMA (PRNewswire)

News Digest: October 11, 2011

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The following press releases and media reports about Chinese companies were carried on October 11. To view a full article or story, click on the link next to the headline.

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◙ China State Investor Buys Shares in Four Biggest Banks as Valuations Slump (English article)

◙ Alibaba Said to Seek Temasek Financing to Buy Yahoo’s 40% Stake in Itself (English article)

◙ Rumor: TD-LTE Trials Stalled in Two Cities (English article; Chinese article)

◙ Lenovo (HKEx: 992) Delays Internet TVs Due to Regulatory Difficulties (English article)

◙ Yingli Green Energy (NYSE: YGE) Announces New and Improved Warranty Terms (PRNewswire)

News Digest: October 10, 2011

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The following press releases and media reports about Chinese companies were carried on October 10. To view a full article or story, click on the link next to the headline.

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◙ Sinopec (HKEx: 386) to Buy Canada’s Daylight (Toronto: DAY) for C$2.2 billion (English article)

◙ China Home Prices Drop for First Time in a Year in Sept, Soufun (NYSE: SFUN) Says (English article)

◙ China Cuts Gasoline Prices for First Time This Year as Oil Costs Plunge (English article)

◙ Latest TD-LTE Trials End, China Mobile (HKEx: 941) Readies For Network Capability (Chinese article)

◙ Qihoo 360 (NYSE: QIHU) Sues Kingsoft Network Technology CEO (English article)

News Digest: October 1-3, 2011

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The following press releases and media reports about Chinese companies were carried on October 1-3. To view a full article or story, click on the link next to the headline.

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◙ Alibaba Group Chmn Jack Ma Says ‘Very Interested’ in Buying Yahoo (Nasdaq: YHOO) (English article)

◙ Demand for TD-SCDMA Chipsets Soars in H2 2011 (English article)

◙ Home Inns (Nasdaq: HMIN) Closes Motel 168 Acquisition (PRNewswire)

◙ Yingli Green Energy (NYSE: YGE) Announces Share Repurchase Program (PRNewswire)

◙ WuXi PharmaTech (NYSE: WX) Says Cuong Viet Do Resigns From Board (PRNewswire)

News Digest: September 30, 2011

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The following press releases and media reports about Chinese companies were carried on September 30. To view a full article or story, click on the link next to the headline.

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◙ China Internet Stocks Fall in New York on U.S. Investigation (English article)

◙ 55tuan Denies Rumors of 70% Workforce Cut (English article)

◙ Ctrip (Nasdaq: CTRP) Announces Up to $100 Million Share Repurchase Program (PRNewswire)

◙ Renren (NYSE: RENN) Announces US$150 Million Share Repurchase Program (PRNewswire)

◙ Court Upholds Verdict Against Qihoo 360 (NYSE: QIHU) in Tencent (HKEx: 700) Suit (Chinese article)

News Digest: September 29 2011

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The following press releases and media reports about Chinese companies were carried on September 29. To view a full article or story, click on the link next to the headline.

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◙ 55tuan Begins Massive Layoffs, Up to 70 Percent (Chinese article)

◙ Citic Securities (Shanghai: 600030) Sale Said to Raise $1.7 Bln, Less Than Sought (English article)

◙ Camelot Information Systems (NYSE: CIS) Revises Outlook for Q3 and Full-Year (PRNewswire)

◙ Suntech (NYSE: STP) Sees China Gaining From Falling Solar Prices (English article)

◙ Nobuyuki Idei Joins Lenovo (HKEx: 992) Board of Directors (Businesswire)

News Digest: September 28, 2011

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The following press releases and media reports about Chinese companies were carried on September 28. To view a full article or story, click on the link next to the headline.

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◙ Lenovo (HKEx: 992) In $300 Mln JV With Compal (Taipei: 2324), Shares Jump (English article)

◙ Citic Securities (Shanghai: 600030) $2 billion HK Deal 4 Times Covered (English article)

◙ DHGate Begins Massive Layoffs – Source (English article)

◙ Xueda Education (NYSE: XUE) Announces Share Repurchase And Business Outlook (Businesswire)

◙ Perfect World (Nasdaq: PWRD) Provides Update on Share Repurchase Program (PRNewswire)