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Journalist China
Business news from China By Doug Young.
Doug Young, journalist, has lived and worked in China for 20 years, much of that as a journalist, writing about publicly listed Chinese companies.
He is based in Shanghai where, in addition to his role as editor of Young’s China Business Blog, he teaches financial journalism at Fudan University, one of China’s top journalism programs.
He contributes regularly to a wide range of publications in both China and the west, including Forbes, CNN, Seeking Alpha and Reuters, as well as Asia-based publications including the South China Morning Post, Global Times, Shanghai Daily and Shanghai Observer
The ongoing tiff between the US and China over the security of Chinese telecoms equipment took a new twist last week when Washington largely forbid several government agencies from buying products from industry giants Huawei and ZTE (HKEx: 763; Shenzhen: 000063). While Washington’s previous moves in the dispute have been controversial and often contrary to fair trade principles, this latest act looks more reasonable because it is limited to purchasing by a small number of government agencies. Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 30-April 1. To view a full article or story, click on the link next to the headline.
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China “Resolutely Opposes” US Curbs On IT Imports: State Media (English article)
NEC (Tokyo: 6701) In Talks to Sell Cellphone Business to Lenovo (HKEx: 992) – Source (Chinese article)
ZTE (HKEx: 763) Wins Patent Case against Huawei in Paris District Court (Businesswire)
Suning.com (Shenzhen: 002024) to Introduce SNS (English article)
Gome (HKEx: 493) to Establish 50 Superstores in First-Tier Cities (English article)
I’ve often wondered these last few months about what happened to an anti-trust lawsuit filed against Tencent (HKEx: 700) by security software firm Qihoo 360 (NYSE: QIHU) about a year ago. Now I finally have my answer, with word that the Chinese courts have rejected Qihoo’s complaint, meaning that life will now continue as usual for Tencent and other major Chinese Internet firms. (Chinese article) Read Full Post…
As we cruise into the final day of a hectic earnings season, let’s take a quick look at results from leading car makers SAIC (Shanghai: 600104) and Dongfeng Motor (HKEx: 489) that provide the latest evidence that China’s car market is rapidly overheating. I’ve described this looming problem before, most recently by looking at the ongoing rapid build-up of new capacity that is likely to exacerbate the current overheating. (previous post) Read Full Post…
Finally there are some interesting news bits on e-commerce leader Alibaba that don’t involve its highly anticipated IPO, including a push into developing markets and a new tie-up with global electronics giant MasterCard (NYSE MA). Of the 2 bits, the former is a bit more intriguing because it represents a major move for the company outside the Chinese-speaking world for its highly successful consumer-oriented e-commerce services. The latter tie-up is interesting because it involves a big name like MasterCard, even though actual details are scarce and probably won’t get worked out until some point in the future. Read Full Post…
Beijing’s recent campaign to bash iPhone maker Apple (Nasdaq: AAPL) is starting to border on the bizarre, with the official Communist Party newspaper the People’s Daily launching the latest assault on the world’s biggest tech company. I’ve lived in China for quite a while now, and have seen occasional attacks on major foreign names in the official Chinese media, including my own former employer Reuters. But most of those attacks are related to specific incidents, and usually lasted a week or 2 at the most before the issue was quietly retired. Read Full Post…
Internet companies Shanda Games (Nasdaq: GAME) and Renren (NYSE: RENN) are playing new games to try and boost their struggling prospects, with the former announcing a major executive appointment and the latter a major new product development campaign. In Shanda Games’ case, the move looks potentially interesting because it’s most likely coming from the parent company’s recently named new president who was brought in to make the group’s various parts work better together. (previous post) In Renren’s case, the move also looks like a potentially good one as the company chases its ultimate goal of becoming profitable. Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 28. To view a full article or story, click on the link next to the headline.
We’re seeing some interesting moves today on the dynamic e-commerce front, with new signals that Sina (Nasdaq: SINA) intends to make a serious play into the space using its popular Weibo microblogging service as its primary platform. At the same time, the industry’s second largest player Jingdong Mall is throwing out a new challenge by preparing to enter the B2B space now dominated by industry leader Alibaba. Read Full Post…
Most of the attention in the solar sector these last few weeks has been focused on Suntech (NYSE: STP), the former high-flyer that was forced into bankruptcy earlier this month after it defaulted on more than $500 million worth of bonds. But now the similarly struggling LDK (NYSE: LDK) has made it back into the headlines as well, with word that the company has issued more new shares to an outside investor that could potentially take over the company. Read Full Post…
Former gymnastics star Li Ning (HKEx: 2331) may have won Olympic gold, but he’s quickly finding a formidable rival in China’s e-commerce revolution that is rapidly stealing business from his sportswear empire. That’s my major takeaway from Li Ning’s latest abysmal results, which include a massive 1.98 billion yuan ($318 million) loss for 2012, the company’s first annual loss since going public in 2004. (English article) Read Full Post…
