After a prolonged winter, spring finally appears to be in sight for overseas-listed Chinese companies amid growing investor confidence that accounting issues that have dogged the sector for much of the last 2 years are finally in the past. The latest signs of spring are coming from telecoms software maker AsiaInfo-Linkage (Nasdaq: ASIA), which may be on the cusp of a buy-out at a nice premium; and word that infamous short seller Muddy Waters may finally be ready to cease its relentless attacks on US-listed China companies.
Tag Archives: China company stock news
News Digest: November 29 报摘： 2012年11月29日
The following press releases and media reports about Chinese companies were carried on November 29. To view a full article or story, click on the link next to the headline.
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- CNOOC (HKEx: 883), Nexen (Toronto: NXY) Reapply For US Deal Approval (English article)
- Yingli (NYSE: YGE) Announces Largest Module Supply Contract in Company History (PRNewswire)
- Vancl Reduces Workforce Ahead of IPO (English article)
- Jingdong Mall Obtains 5 Bln Yuan in Credit for Supplier Financing (English article)
- Shanda Cloudary Aims For April 2013 IPO, Hires Merrill As Underwriter (Chinese article)
Unicom, China Telecom in iPhone Race 联通与电信争夺大陆iPhone 5首发
More than 2 months after Apple (Nasdaq: AAPL) launched its latest iPhone, China Unicom (HKEx: 762; NYSE: CHU) and China Telecom (HKEx: 728; NYSE: CHA) are locked in a race to see who can offer the product first in China, in what looks more like a sad comedy of ineptitude than anything else. I usually save most of my criticism in the telecoms space for Unicom, the nation’s second largest mobile carrier that has spent most of the last 2 years more focused on a series of non-stop management reshuffles rather than any attempts to do real business. But this time I also have to save some criticism for China Telecom, China’s smallest mobile carrier, which also has looked equally inept in this latest iPhone launch.
China, US Shuffle Security Card 中美互打安全牌
New noises are coming from both China and the US on the dangers to national security posed by commercial activities in the high-tech space, as fallout continues to linger from the recent Washington decision to ban Huawei and ZTE (HKEx: 763; Shenzhen: 000063) from selling their equipment in the US. Some might say this new flare up in trade relations is just an extension of other recent similar tensions between Washington and Beijing, whose complaints of unfair trade against each other have accelerated over the last year. But this latest trade war looks a bit more worrisome, since it’s leveled at the high-tech sector whose products are considerably more valuable than the usual lower tech products usually involved in many of these disputes.
News Digest: November 28 报摘： 2012年11月28日
The following press releases and media reports about Chinese companies were carried on November 28. To view a full article or story, click on the link next to the headline.
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- China Telecom (HKEx: 728), Unicom (HKEx: 762) In Race To Offer iPhone 5 First (Chinese article)
- Sina (Nasdaq: SINA) Weibo Microblog Launches Professional SNS Service (English article)
- Strategic Materials Advisory Council Opposes Chinese Acquisition of US Defense Supplier (Businesswire)
- Focus Media (Nasdaq: FMCN) Reports Q3 Results (PRNewswire)
- Belarus In Talks With China, India, Others On Potash Giant (English article)
SAP Eyes Dormant Int’l Board 思爱普欲登陆中国国际版
I was amused to read a new report saying that German business software giant SAP (Frankfurt: SAP) may list its shares on China’s planned International Board in Shanghai, since it’s been quite a while since I’ve read any reports like this, which were still quite common as recently as 2010. If I were an optimist, I would say these new reports might indicate a launch is coming in the first half of next year for the long-planned International Board, which would allow offshore companies to raise funds through IPOs in China. But instead, these latest reports, which appear to have originated offshore, are probably just a public relations exercise by SAP, which probably just wants to remind everyone of its commitment to China.
Dongfeng Revs Up Renault JV Talks 东风汽车加紧与雷诺汽车联手
Long-running talks about a new joint venture between domestic automaker Dongfeng Motor (HKEx 489) and France’s Renault (Paris: RENA) appear to be gaining new momentum, driven by urgency for the former to diversify following the recent territorial dispute between China and Japan. Regardless of what’s driving this new development, it does seem to mark an important move for Dongfeng, a top Chinese automaker that is going through a painful period right now due to its big dependence on joint ventures with Honda (Tokyo: 7267) and Nissan (Tokyo: 7201). Those automakers have all seen their sales plunge over the last 3 months as Chinese consumers boycotted the brands at the height of the territorial dispute between China and Japan. In related news, it does look like the peak of the boycott has finally passed, with new reports indicating that sales for the big Japanese brands are starting to pick up again after bottoming out in late October.
China Powers Ming Yang in India 中国明阳风能印度动向
With its new energy sector tottering on the brink of collapse, China no longer seems to care if foreign government accuse it of unfairly supporting its sector with low cost loans and other state subsidies. That at least appears to be the message from a new plan by Ming Yang Wind Power (NYSE: MY), which has just announced a massive new tie-up with policy lender China Development Bank to provide financing for wind power projects in India. (company announcement)
News Digest: November 27 报摘： 2012年11月27日
The following press releases and media reports about Chinese companies were carried on November 27. To view a full article or story, click on the link next to the headline.
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- Renault (Paris: RENA) Plans China Car Venture With Dongfeng (HKEx: 489): Reports (English article)
- Starbucks (Nasdaq: SBUX) Strengthens China Commitment With 100th Beijing Store (Businesswire)
- Shanda Sells Nut Shell to Mobile Internet Company (English article)
- 11 Group Buying Sites Close in October, Pace of Bankruptcies Slows (Chinese article)
- Ming Yang (NYSE: MY) In Financing Framework Deal With Reliance, China Dev Bank (PRNewswire)
China Eastern: Beijing’s Latest Policy Tool 中国东方航空：中国政府的最新政治工具
China Eastern’s (HKEx: 670; Shanghai: 600115; NYSE: CEA) announcement of a massive new order for Airbus (Paris: EAD) planes last week looked suspiciously political, coming just after China and the EU resolved an aviation-related dispute. If politics were indeed a factor, which seems likely, Beijing set another unhelpful precedent by tying what should have been a purely commercial decision to non-commercial factors. By continuing to act this way, Beijing will show the world that it calls the shots for what should otherwise be big commercial decisions by Chinese companies rather than leaving those decisions to market forces. That will only give China’s opponents further fuel in their steady accusations of unfair trade by Beijing.
IPOs: New Noise From Xunlei, Jingdong 迅雷看看、京东商城或明年上市
New noises are coming from online video site Xunlei and e-commerce giant Jingdong Mall that indicate a US or Hong Kong IPO or other equity sale may be coming soon, as each looks for new cash to fund its money-losing operations. But that said, the latest signals from these 2 Internet companies indicate that neither will be able to tap a rare window in the offshore IPO market that appeared last week when commercially-focused social networking site YY (Nasdaq: YY) made the first successful public offering by a Chinese firm in New York in more than a year. (previous post)
