The following press releases and media reports about Chinese companies were carried on July 2. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
China Passes US As Tech IPO Dynamo In Best Quarter (English article)
It’s been 2 weeks since I’ve written a post exclusively about leading e-commerce company Alibaba, so I thought I’d end the week with a round-up of a few company news bits including its selection of the New York Stock Exchange for its highly-anticipated IPO. In related news, the company’s major shareholder Yahoo (Nasdaq: YHOO) is reportedly in talks to reduce its planned sale of Alibaba shares in the offering. Last but not least, Alibaba has formally added its name to one of its latest acquisitions, a stake in one of China’s leading soccer clubs. Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 27. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Alibaba Picks New York Stock Exchange For IPO (English article)
Chinese Cars In ‘Transformers 4’ Bound for US Next Year (English article)
Video Site QVOD Refuses To Pay 260 Mln Yuan Copyright Fine, Says To Sue (Chinese article)
Canadian Solar (Nasdaq: CSIQ) In Deal For 140 MW DC Solar Farm In Ontario (PRNewswire)
GM (NYSE: GM) Says Ignition Switch Linked To Recall Made In China (English article)
Several news bits from the electronics retailing space are in the headlines today, reflecting the volatile state of a highly competitive sector where margins are razor thin. US retailing giant Best Buy (NYSE: BBY) leads the headlines, with word that it’s mulling a sale of its China business 3 years after closing most of its own-brand stores in the market. Leading e-commerce firm Amazon (Nasdaq: AMZN) is also reportedly eying a retreat in the China home appliance market, while homegrown player Aisidi (Shenzhen: 002416) is moving in the other direction with its purchase of one of the nation’s top online cellphone retailers. Read Full Post…
Today’s Headlines assaulted for copyright violations
It’s not easy being a high-flying start-up, and the burden becomes even heavier when a company builds up huge expectations for itself through excessive hype. Smartphone sensation Xiaomi was in the headlines last week when it launched a big price cut, leading some to speculate the company was struggling to meet its aggressive sales targets. Now in the latest setbacks for other start-ups, media are reporting that a fast-rising news app called Today’s Headlines is being assaulted on several fronts for copyright infringement. Separately, a newly launched group of mobile service providers called virtual network operators (VNOs) has also received a setback after experiencing widespread technical glitches. Read Full Post…
After a 2 week pause with no new listings, the market for overseas tech IPOs has come chugging back to life with a strong trading debut for video sharing site Xunlei (Nasdaq: XNET). That solid performance could bode well for online karaoke company Tiange, which has just filed for its own new listing in Hong Kong, continuing a recent trend towards more Chinese Internet listings in the former British colony. Both news bits provide the latest evidence that the overseas market for Chinese IPOs is finding a second wind after a losing momentum in April and May. That new momentum is likely to last through August when e-commerce leader Alibaba is expected to make what could be the largest IPO ever by an Internet company. Read Full Post…
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.
══════════════════════════════════════════════════════
Vacation Rental Site Tujia Completes $100 Mln Series C Funding (English article)
ZTE (HKEx: 763) Files Antitrust Complaint With European Commission Against Vringo (Businesswire)
Guangzhou Daily Withdraws Lawsuit Against Today’s Headlines App (Chinese article)
Huawei Expands In Russian Tech Services After Putin’s China Deal (English article)
Billionaire JD.com (Nasdaq: JD) Founder Lines Up Next Challenge: Beating Alibaba (English article)
Two of China’s leading filmmakers are in the headlines today, with Huayi Bros (Shenzhen: 300027) and Enlight Media (Shenzhen: 300251) both making mid-sized acquisitions to diversify their operations in the rapidly changing media space. Both companies are taking steps outside their core businesses, reflecting the latest in a series of uneasy marriages between traditional content makers and newer companies involved in an array of content making and media-related services.
In the first case, Huayi is buying a controlling stake in Shenzhen Huayuxun Tech Co, operator of the maizuo.com Internet ticketing platform. The second deal will see Enlight buy a similar controlling stake in game developer and operator Refeng Network Technology. Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 17. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Last month’s launch of China’s first new mobile services in a decade is showing early signs of shaking up the market, with competition likely to intensify as more licenses are awarded to a new generation of privately owned virtual network operators (VNOs). According to the latest headlines, the Ministry of Industry and Information Technology (MIIT) is getting ready to issue its third round of VNO licenses, which allow private companies to sell telecoms services under their own brands by leasing network capacity from the nation’s 3 existing state-run telcos. Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 13. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Alibaba In Low-Profile US Tmall Launch, Eyes Amazon (Nasdaq: AMZN) (Chinese article)
Zhaopin (NYSE: ZPIN) Climbs 8.5 Pct In US Trading Debut (Chinese article)
BMW (Frankfurt: BMW) Places 800 Mln Yuan Auto Loan ABS In China (English article)
Wanxiang,NEC (HKEx: 6701) Form JV For Grid Energy Storage in China (Businesswire)
