The following press releases and media reports about Chinese companies were carried on May 14. To view a full article or story, click on the link next to the headline.
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Hong Kong SFC Investigates Alibaba-ChinaVision (HKEx: 1060) Deal – Source (English article)
CCTV:WeChat Public Accounts Becoming Hotbed For Rumors, Fake Ads (Chinese article)
Wireless carrier China Telecom (HKEx: 728; NYSE: CHA) was in the headlines last week with its launch of a financial product similar to savings accounts, becoming the latest in a long string of companies to enter an area dominated for decades by state-run banks. At the same time, separate reports said the central bank was nearing a plan to introduce its first major regulation of these new products, in another widely expected move. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 13. To view a full article or story, click on the link next to the headline.
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MIIT to Issue FDD-LTE Licenses on May 17 – Source (English article)
Facebook (Nasdaq: FB) Said To Take Steps To Open A China Sales Office (English article)
Home Inns (Nasdaq: HMIN) Reports Q1 Financial Results (PRNewswire)
Hunan Satellite TV, CCTV Fight Back Against Online Video Sites (Chinese article)
Just when it looked like the New York market for Chinese IPOs was running out of steam, we’re seeing new positive signs with the modestly successful trading debut of online travel site Tuniu (Nasdaq: TOUR) and the setting of a relatively upbeat price range for JD.com, China’s second largest e-commerce firm. Both signals continue a current trend of softening sentiment in the market, as investors tire of giving billions of dollars in new money to Chinese Internet firms. But they also show there may still be some life left in the market, leading me to return to a prediction I made early this year that the current IPO window could last through the end of June. Read Full Post…
You know that things are bad when leading online video site Youku Tudou (NYSE: YOKU) doesn’t issue a press release trumpeting its recent receipt of simultaneous broadcast rights for the highly hyped return of the US television series “24”. That’s my conclusion after having to read about this relatively big win for Youku in the news headlines rather than a company press release. In fact, Youku Tudou may deliberately want to downplay this latest triumph to avoid attracting Beijing censors who have recently started banning some popular US television series from online video sites. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 10-12. To view a full article or story, click on the link next to the headline.
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Alibaba Rival JD.com To Be Valued At Up To $24.6 Bln In IPO (English article)
Toto Reaches Agreement With Striking Chinese Workers (English article)
China Telecom (HKEx: 728) Launches Fund Sales (English article)
BYD (HKEx: 1211) Receives Record Bus & Taxi Order (Businesswire)
Tuniu (Nasdaq: TOUR) Rises 12 Pct In Trading Debut On Nasdaq (Chinese article)
The following press releases and media reports about Chinese companies were carried on May 8. To view a full article or story, click on the link next to the headline.
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The big IPO news of the day is Alibaba’s debut public filing for its long-awaited New York listing, but a flurry of other news in the space is continuing the recent stream of downbeat signals from the sputtering market. Leading the headlines are the latest terms for an offering by online cosmetics seller Jumei.com and a debut public filing for online recruitment firm Zhaopin.com, neither of which look too positive. The signals were equally negative from recently listed car information website Autohome (NYSE: ATHM), whose shares dived after it filed a fairly respectable first-quarter earnings report. Read Full Post…
The IPO story of the year has finally begun, with word that leading Chinese e-commerce firm Alibaba has finally made its first public filing for a listing in New York. But anyone hoping for a blockbuster deal that would have been the biggest tech IPO since Facebook’s (Nasdaq: FB) 2012 offering will be disappointed to learn that Alibaba is seeking to raise a relatively modest $1 billion in the deal. Alibaba made the filing as a separate media report said the company’s high-flying Yu’ebao, its financial product that competes with traditional bank savings accounts, is about to have its wings clipped with new reserve requirement regulations from the central bank. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 7. To view a full article or story, click on the link next to the headline.
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The buying binge by China’s 3 leading Internet companies continues this week, with news that social networking (SNS) giant Tencent (HKEx: 700) is purchasing 11.3 percent of mobile mapping firm NavInfo (Shenzhen: 002405) for 1.17 billion yuan ($183 million). Anyone who thinks I may be mistakenly recycling an old report with this news isn’t too far from the truth, as this particular deal looks quite similar to a different recent investment by e-commerce leader Alibaba in online mapping firm AutoNavi (Nasdaq: AMAP). Read Full Post…
