The following press releases and media reports about Chinese companies were carried on September 17. To view a full article or story, click on the link next to the headline.
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Alibaba Raises IPO Price Range To $66-$68 Per ADS (Chinese article)
Geely (HKEx: 175) Proposes Issue Of US Dollar-Denominated Senior Notes (HKEx announcement)
I usually don’t write about any company more than once a week, and certainly not twice on the same day. But today I’m making an exception for the upcoming IPO of Alibaba, which will finally come to an end with its trading debut on Friday. The latest news bits in the run-up to what’s likely to be the world’s biggest IPO of all time have media reporting that Alibaba may raise the upper end of the price range for its shares, allowing it to raise even more money. At the same time, Alibaba’s talkative and charismatic founder Jack Ma has made a surprise appearance in Hong Kong as part of the company’s road show, where he was warmly greeted by investors. Read Full Post…
A year of hype surrounding what’s likely to become the biggest IPO in history will officially end later this week, when homegrown Chinese e-commerce giant Alibaba formally lists on the New York Stock Exchange. The IPO will give most global investors access to Alibaba’s shares and a chance to profit from one of the world’s largest and fastest-growing e-commerce markets. Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 16. To view a full article or story, click on the link next to the headline.
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Alibaba To Expand IPO, May Raise Upper Price Range To $70 – Source (Chinese article)
Huayi Bros (Shenzhen: 300027) To Invest $130 Mln In New US Subsidiary (Chinese article)
13 Workers At Foxconn (HKEx: 2038) Shenzhen Plant Get Leukemia, 5 Dead (Chinese article)
Cellular Tower Operator To Finish Formation By Year End, Seek Private Money (Chinese article)
NetEase (Nasdaq: NTES) Invests 28 Mln Yuan In Recruiting Site Jobtong (English article)
The following press releases and media reports about Chinese companies were carried on September 13-15. To view a full article or story, click on the link next to the headline.
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China’s Fosun (HKEx: 656) Fights Back With Counterbid For Club Med (Paris: CU) (English article)
Sinopec (HKEx: 386) Sells $17.5 Bln Retail Unit Stake to Investors (English article)
S&P Dow JonesIndices Says Alibaba Could Be Added To Global Benchmarks (English article)
Total Active Users On Weibo (Nasdaq: WB) App Down by 10.95 Pct in August 2014 (English article)
Suning (Shenzhen: 002024) Makes Low-Key Entry To Cross-Border E-Commerce (Chinese article)
The following press releases and media reports about Chinese companies were carried on September 10. To view a full article or story, click on the link next to the headline.
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Qualcomm (Nasdaq: QCOM) China Chief Visits NDRC 4 Times, Antitrust Fine May Reach 10 Bln Yuan (Chinese article)
The final countdown has just begun for e-commerce giant Alibaba’s highly anticipated New York IPO, allowing us to see just how much the company might be worth, how much money it might raise and whether it might be the biggest US or even global IPO of all time. The final answer to all of those questions will remain a mystery until Alibaba actually prices the deal, but at least we can speculate now what the chances are of it meeting some of the lofty goals that market watchers have set for the company. I’ll start by giving my view that the deal should price relatively strongly, and make some conclusions from that later in this post. Read Full Post…
The year 2014 could well go down as the “Year of the Crackdown”, as evidenced by 2 more such crackdowns in the headlines as we head in autumn. The first and larger of the pair comes in the online video space, where media are reporting the broadcasting regulator is finalizing rules that would severely limit the amount of foreign content on online video sites. Meantime, a more mild crackdown is also coming in the e-commerce space, where separate reports are saying another regulator is rolling out rules that will punish companies that overstate their transaction volumes. Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 6-9. To view a full article or story, click on the link next to the headline.
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Alibaba Sets IPO Price Range Of $60-$66, To Raise Up To $24.3 Bln (Chinese article)
SAIC: E-Commerce Firms Face Fines Up To 500,000 Yuan For Fake Transaction Reporting (Chinese article)
China Mobile (HKEx: 941) Completes Purchase Of 18 Pct Of Thailand’s True Corp (HKEx announcement)
China AutoRental To List In HK On September 19, Raise Up To $468 Mln (Chinese article)
LightInTheBox (NYSE: LITB) Settles Class Action Lawsuit (PRNewswire)
Big privatization deals are never easy, as we’re seeing with signs that a buyout plan launched by the controlling shareholder of online game firm Shanda Games (Nasdaq: GAME) is rapidly unraveling. Shanda Games’ parent, Shanda Interactive, launched the plan back in January, as part of a broader wave of similar privatizations for undervalued US-listed Chinese companies. Shanda Interactive is saying the buyout is still alive, though other shareholders are clearly growing skeptical, based on Shanda Games latest stock price. Read Full Post…
The latest headlines about an upcoming IPO for online game operator Linekong made me realize it’s been quite a while since we last saw any news of offshore listing plans by Chinese Internet and tech firms. Such listings were coming nonstop earlier this year, and saw a wide range of names including the Twitter-like Weibo (Nasdaq: WB), e-commerce giant JD.com (Nasdaq: JD) and real estate services site Leju (NYSE: LEJU) all make IPOs in New York. But the Internet IPO pipeline has gone largely silent since early August, when mobile game operator iDreamSky (Nasdaq: DSKY) made its trading debut. Read Full Post…
