News Digest

The following press releases and media reports about Chinese companies were carried on July 8. To view a full article or story, click on the link next to the headline.

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◙ HP (NYSE: HPQ) CEO Says Starting to Regain Lost Market Share in China (Chinese article)

◙ Online Retailer Yihaodian, Backed by Wal-Mart (NYSE: WMT), May Sell Shares (English article)

◙ Goldman Sachs Predicts TD-LTE to Cover 2.7 Bln Asian Users by 2013 (Chinese article)

◙ Tencent (HKEx: 700) to Purchase 16% of Kingsoft (HKEx: 3888) for $115 Mln (English article)

◙ TCL Comms (HKEx: 2618) Sees Big Profit Growth in H1, Handset Sales up 38 Pct (Chinese artlcle)

The following press releases and media reports about Chinese companies were carried on July 7. To view a full article or story, click on the link next to the headline.

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◙ Baidu (Nasdaq: BIDU) Explores Japan Wireless Market, Sets Up JV with DoCoMo (Chinese article)

◙ Netease (Nasdaq: NTES) to Spin Off Portal Business for IPO – Source (English article)

◙ Alibaba (HKEx: 1688), Tencent (HKEx: 700) Launch Smartphones This Year (English article)

◙ Ijie.com and Sina (Nasdaq: SINA) to Launch Destination for Weddings in China (Businesswire)

◙ Ctrip (Nasdaq: CTRP) Acquires Rail Ticketing Company 99Pto – Source (English article)

The following press releases and media reports about Chinese companies were carried on July 6. To view a full article or story, click on the link next to the headline.

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◙ China Discusses Allowing SEC Probes (English article)

◙ Longtop Financial (NYSE: LFT) Announces Resignations (PRNewswire)

◙ Dazhong Insurance & Starr International Reach Milestone in Strategic Cooperation (Businesswire)

◙ Temasek Raises $3.63 Bln Selling Bank of China (HKEx: 1398), CCB (HKEx: 939) Stakes (English article)

◙ Tencent (HKEx: 700) to Invest in Kingsoft (HKEx: 3888) Network – Source (English article)

The following press releases and media reports about Chinese companies were carried on July 5. To view a full article or story, click on the link next to the headline.

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◙ NEC, Lenovo (HKEx: 992) Finalize JV, Launch Japan’s #1 PC Company (Businesswire)

◙ Google (Nasdaq: GOOG) Maps Chinese License Still Awaiting Approval (Chinese article)

◙ Chinese Internet company Xunlei Limited sets IPO pricing terms (English article)

◙ Baidu: Still No Overseas Income After 3 Years, 700 Mln Yuan (Chinese article)

◙ China Mobile (HKEx: 941) Exec: Still No Agreement With Apple (Nasdaq: AAPL) (Chinese article)

The following press releases and media reports about Chinese companies were carried on July 2-4. To view a full article or story, click on the link next to the headline.

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◙ Sina (Nasdaq: SINA) Weibo Rejects USD 500 Mln from DST – Reports (English article; Chinese article)

◙ China’s June Home Prices Ease in Eight of 10 Biggest Cities, SouFun Says (English article)

◙ 7 Days Group (NYSE: SVN) Agrees to Acquire Huatian Star (PRNewswire)

◙ MEMC Announces Termination of Suntech (NYSE: STP) Wafer Supply Agreement (PRNewswire)

◙ Nestle (NESN) Weighs Buying Chinese Candy Maker (English article)

◙ Xunlei sees IPO price at $14-$16/ADS (English article)

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

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◙ Buffett-Backed BYD Surges in Shenzhen Debut on Electric-Vehicle Incentives (English article)

◙ China UnionPay and MasterCard (NYSE: MA) Sign Payment Gateway Svc Agreement (Businesswire)

◙ SMIC (HKEx: 981) Chmn Dies, CEO Wang Voted Off Board, Stock Suspended (English article)

◙ Yingli (NYSE: YGE) to Supply 110 MW of PV Modules to Huanghe Hydropower (PRNewswire)

◙ New Oriental (NYSE: EDU) to Report Fiscal Q4 Financial Results on July 18 (PRNewswire)

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

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◙ Dangdang (NYSE: DANG) Announces Business Units Formation, Management Changes (PRNewswire)

◙ HP (NYSE: HPQ) Deepens Commitment to China (Businesswire)

◙ Spreadtrum Communications (Nasdaq: SPRD) to Host Conference Call on June 29 (PRNewswire)

◙ Tom (HKEx: 2383) Initiates Large-scale Layoffs (English article)

◙ Buffett-Backed BYD (HKEx: 1211) Slumps in HK Trading After Profit Drops 84% (English article)

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

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◙ Baidu (Nasdaq: BIDU) to Roll Out Mobile Operating System by Year End -Source (Chinese article)

◙ SMIC (HKEx: 981) Chairman Jiang Shangzhou Dies of Illness (Chinese article)

◙ LDK Solar (NYSE: LDK) Announces Share Repurchase Program (PRNewswire)

◙ PPStream to IPO in Early July – Report (English article)

◙ Rupert Murdoch Visits China, Discusses MySpace (Chinese article)

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

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◙ Off-Balance-Sheet Loans Double, Boosting Bank Default Risk: China Credit (English article)

◙ China Mobile (HKEx: 941) to Offer 4G IPhone in September, Newspaper Reports (English article)

◙ Phoenix New Media (NYSE: FENG) Reports First Quarter 2011 Results (Press release)

◙ Baidu (Nasdaq: BIDU) Acquires 29% Stake in Leftbrain (Shenzhen: 430081) (English article)

◙ 3M (NYSE: MMM) Adds Temporary Wafer Bonding Application Lab in Taiwan (Businesswire)

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

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◙ SIG Sees Good Chance to Buy Into Sina (Nasdaq: SINA) on Weibo Opportunity (Chinese article)

◙ Baosteel (Shanghai: 600019) in Talks to Buy $1 Billion Stake in Malaysia’s Amsteel Mills (English article)

◙ ZTE (HKEx: 763) to Build BSS/OSS Systems for New Singapore Broadband Network (Businesswire)

◙ E-House (NYSE: EJ) Announces ADS Purchase Plan by Executive Chairman (PRNewswire)

◙ Sheraton (NYSE: HOT) Set to Open Seven Properties in China This Summer (Businesswire)

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

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◙ Alibaba Group Begins Major HR Restructuring (English article)

◙ BYD (HKEx: 1211) to Price IPO, Investors See 21.75 Yuan/Shr as Appropriate (Chinese article)

◙ Trina Solar (NYSE: TSL) Announces New Industry Leading Warranty (PRNewswire)

◙ Luxury Brands Step Up Online Video Marketing Efforts With Youku (NYSE: YOKU) (PRNewswire)