The retail world is buzzing with the latest reports that global giant Carrefour (Paris: CARR) is considering a potential withdrawal from China, as it tries to figure out how to make money in a market with huge potential but also massive competition. A Carrefour source in China was quick to deny the possibility of a sale, but clearly big discussions are happening behind the scenes on what’s likely to be some major changes for the world’s second largest retailer. One of the company’s biggest handicaps is its failure to recognize the rapid rise of e-commerce in China, which has put it at a disadvantage over other traditional retailers like Walmart (NYSE: WMT) and Suning (Shenzhen: 002024). 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)
The following press releases and media reports about Chinese companies were carried on June 25. To view a full article or story, click on the link next to the headline.
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China Cash Squeeze Eases, But Bank Shares Take Big Hit (English article)
The following press releases and media reports about Chinese companies were carried on June 20-22. To view a full article or story, click on the link next to the headline.
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Spreadtrum (Nasdaq: SPRD) Announces Receipt of Acquisition Proposal (PRNewswire)
More US Senators Concerned By Shuanghui-Smithfield (NYSE: SFD) Deal (English article)
Regulator Says Alibaba’s Yu E Bao Product Violates Securities Rules (Chinese article)
China Mobile (HKEx: 941) Halts New User Registration For Skype-Like Jego (Chinese article)
Zynga China Reportedly Laid off 18 Pct Employees, GM to Resign (English article)
The following press releases and media reports about Chinese companies were carried on June 21. To view a full article or story, click on the link next to the headline.
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SEC Charges China MediaExpress, CEO With Fraud (English article)
Alibaba’s 1688.com Launches Group Buy Channel (English article)
The following press releases and media reports about Chinese companies were carried on June 20. To view a full article or story, click on the link next to the headline.
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China’s Wanda To Spend $1.6 Bln On UK Yacht Maker, Hotel (English article)
GM (NYSE: GM) Aims For 10 Pct Of China’s Luxury Car Market By 2020 (English article)
The following press releases and media reports about Chinese companies were carried on June 19. To view a full article or story, click on the link next to the headline.
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Mengniu (HKEx: 2319) Adds Another Deal With Offer For Carlyle’s Yashili (English article)
EU Trade Chief To Discuss Solar Dispute In Beijing (English article)
Software Developer SkyTech to IPO in HK – Source (English article)
Qihoo 360 (NYSE: QIHU) To Roll Out Portable Wi-Fi Router Device (Chinese article)
Huawei, Responding To Rumors, Says No Plans To Buy Nokia (Helsinki: NOK1V) (English article)
The following press releases and media reports about Chinese companies were carried on June 18. To view a full article or story, click on the link next to the headline.
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eBay (Nasdaq: EBAY) To Become First Foreign Financial Payments Licensee (Chinese article)
The following press releases and media reports about Chinese companies were carried on June 15-17. To view a full article or story, click on the link next to the headline.
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EU Free-Trade States Urge Quick Resolution Of Chinese Solar Dispute (English article)
Beijing Warns Johnson & Johnson (NYSE: JNJ) Over Recall Double Standards (English article)
Bristol-Myers, Simcere (NYSE: SCR) To Co-Develop Orencia In China (PRNewswire)
Ming Yang (NYSE: MY) Announces Change Of CFO (PRNewswire)
Smithfield (NYSE: SFD) Profit Plunges After China Blocks Imports (English article)
The following press releases and media reports about Chinese companies were carried on June 14. To view a full article or story, click on the link next to the headline.
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EU Files WTO Complaint Over Chinese Stainless Steel Duty (English article)
Mindray (NYSE: MR) To Acquire Zonare Medical Systems (PRNewswire)
China Mobile (HKEx: 941) Recruits TD-LTE Trial Customers (English article)
Renault (Paris: RENA) May Make Electric Cars in China (English article)
Dangdang (NYSE: DANG) Chairman: No Prediction On Return To Profit (Chinese article)
The following press releases and media reports about Chinese companies were carried on June 11-13. To view a full article or story, click on the link next to the headline.
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China Eyes EU Luxury Cars As Trade Dispute Rages (English article)
Apple’s (Nasdaq: AAPL) iOS 7 Will Play Nice With Tencent, Sina Weibo (English article)
Censorship Lawsuit Against Baidu (Nasdaq: BIDU), China Gets New Life In US (English article)
China Pulls ‘The Croods’ From Cinemas 2 Weeks Early (English article)
Camelot Information Systems (NYSE: CIS) Announces Unaudited Q1 Results (PRNewswire)
