News Digest

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

News Digest: July 27, 2011

The following press releases and media reports about Chinese companies were carried on July 27. To view a full article or story, click on the link next to the headline.

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Xunlei, Shanda Cloudary Aborted IPOs Create Domino Effect for Tudou, Others (Chinese article)

Sun Art Retail Gains in Gray Market Ahead China Hypermarket Chain’s Debut (English article)

TAL Education (NYSE: XRS) Announces Results for the Quarter Ended May 31 (PRNewswire)

UPS (NYSE: UPS) Launches Express Flights to Fast-Growing Chengdu (Businesswire)

Nissan’s China Venture to Invest $7.8 Billion to Boost Output, Gain Sales (English article)

News Digest: July 26, 2011

The following press releases and media reports about Chinese companies were carried on July 26. To view a full article or story, click on the link next to the headline.

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◙ Baidu (Nasdaq: BIDU) Announces Q2 Results (PRNewswire)

◙ BYD (HKEx: 1211) Signs the World’s Largest Public Electric-Vehicle Fleet Lease (Businesswire)

◙ GE (NYSE: GE) Moves 115-Year-Old X-Ray Unit’s Base to China to Tap Growth (English article)

◙ Acer (Taipei: 2353) Aims to Ship 400,000 Tablet PCs in Q3 (Chinese article)

◙ Ming Yang (NYSE: MY) to Co-Develop Offshore Wind Power in Guangdong (PRNewswire)

News Digest: July 23-25, 2011

The following press releases and media reports about Chinese companies were carried on July 23-25. To view a full article or story, click on the link next to the headline.

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Everbright Bank Said to Seek More Key Investors for HK Stock Sale (English article)

Nokia (Helsinki: NOK1V) Q2 2011 China Handset Sales Fall 41% YoY (English article)

◙ Former China Mobile (HKEx: 941) Party Secretary Sentenced to Death (English article)

Merck (NYSE: MRK), Simcere (NYSE: SCR) to Establish China Joint Venture (English article)

SMIC (HKEx: 981) Sheds HK$4 Bln in 3 Days After Management Shakeup (Chinese article)

News Digest: July 22, 2011

The following press releases and media reports about Chinese companies were carried on July 22. To view a full article or story, click on the link next to the headline.

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◙ Apple (Nasdaq: AAPL) Surpasses Lenovo (HKEx: 992) Revenue in China (English article)

◙ Xunlei Announces Postponement of Initial Public Offering (Globenewswire)

◙ Corning (NYSE: GLW) Announces Expansion of Clean Air Products Facility in China (Businesswire)

◙ Taobao Mall Ordered to Halt Online Pharmaceutical Sales (English article)

◙ China regulator: 4G Licenses Will Come When Technology is Mature (Chinese article)

News Digest: July 19, 2011

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 Merchants Bank (HKEx: 3968; Shanghai: 600036) to raise up to $5.4 billion (English article)

New Oriental (NYSE: EDU) Announces Q4 Results, ADS Ratio Change (PRNewswire)

◙ China’s Cumulative 3G Terminal Sales Reach 82 Mln Units (English article)

Sina’s (Nasdaq: SINA) “Blog Light” Begins Public Beta Testing on July 18 (Chinese article)

France Telecom in Talks to Buy Congo China Telecom Stake From ZTE (HKEx: 763) (English article)

News Digest: July 16-18, 2011

The following press releases and media reports about Chinese companies were carried on July 16-18. To view a full article or story, click on the link next to the headline.

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SMIC (HKEx: 981; NYSE: SMI) Appoints Zhang Wenyi as Chairman, Acting CEO (English article)

Starbucks (Nasdaq: SBUX) Boosts China’s Yunnan Coffee Project with New Partnership (English article)

Apple (Nasdaq: AAPL) Wins Initial ITC Ruling on HTC (Taipei: 2498) Phone (English article)

Mindray Medical (NYSE: MR) Provides Mid-Year Update on Product Development (PRNewswire)

Apple (Nasdaq: AAPL) Picks Locations, Prepares to Open 2 Stores in Chengdu – Source (Chinese article)

News Digest: July 15, 2011

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

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Sun Art Delays Debut in H.K. on Prospectus Error (English article)

Shanda’s (Nasdaq: SNDA) Cloudary to IPO on July 29th – Source (English article)

Acer (Taipei: 2353) Says Q2 China Sales More Than Doubled (Chinese article)

Youku (NYSE: YOKU) to Release Q2 Financial Results on August 8 (PRNewswire)

Yum (NYSE: YUM) Profit Rises 10% as Sales Gain at KFC, Pizza Hut in China (English article)

News Digest: July 14, 2011

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

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◙ SMIC (HKEx: 981; NYSE: SMI) CEO David Wang Tenders Resignation – Report (Chinese article)

◙ China Telecom (HKEx: 728; NYSE: CHL) Plans iPhone Launch Near Year-End (English article)

◙ Ctrip Insurance Subsidiary Approved by Chinese Authorities (English article)

◙ LDK Solar (NYSE: LDK) Signs Module Supply Contracts (PRNewswire)

◙ China Lodging Group (Nasdaq: HTHT) Schedules Q2 Earnings Release on Aug 15 (PRNewswire)

News Digest: July 13, 2011

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

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◙ Hainan Airlines (Shanghai: 600221) plans $1.2 bln Shanghai private placement (English article)

◙ ReneSola (NYSE: SOL) Updates Second Quarter 2011 Outlook (PRNewswire)

◙ Trina Solar (NYSE: TSL) Announces Changes to Board of Directors and Committees (PRNewswire)

◙ Yingli Green Energy (NYSE: YGE) Marks Significant Growth in U.S. Solar Market (PRNewswire)

◙ Buffett-Backed BYD’s (HKEx: 1211) Profit May Drop up to 95% as China Car Perks End (English article)

News Digest: July 12, 2011

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

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Nestle Agrees to Buy 60% Stake in Confectioner Hsu Fu Chi for $1.7 Billion (English article)

Tudou Files Nasdaq IPO for Fourth Time (English article)

LDK Solar (NYSE: LDK) Announces Management Appointment and Promotions (PRNewswire)

Ctrip.com (Nasdaq: CTRP) to Report Q2 Financial Results on August 1 (PRNewswire)

Sohu.com (Nasdaq: SOHU) to Report Second Quarter 2011 Financial Results on August 1 (PRNewswire)

News Digest: July 9-11, 2011

The following press releases and media reports about Chinese companies were carried on July 9-11. To view a full article or story, click on the link next to the headline.

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◙ Baidu (Nasdaq: BIDU) Announces Realignment of Four Main Business Functions (PRNewswire)

◙ China’s Largest Port Builder Delays $3 Billion Shanghai Share Sale Plan (English article)

◙ Lenovo (HKEx: 992) Returns to the Fortune Global 500 (Businesswire)

◙ Sun Art Said to Seek $1.05 Billion, Pricing Hong Kong IPO at Top of Range (English article)

◙ ZTE (HKEx: 763) Signs $900 Mln Loan Agreement With Banking Group (Chinese article)