The following press releases and news reports about China companies were carried on October 11. To view a full article or story, click on the link next to the headline.
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ZTO Express Files Prospectus for NY IPO to Raise up to $150 Mln (Chinese article)
Shared Bike Service Ofo Raises $130 Mln, to Work With Xiaomi, Didi (Chinese article)
China Unicom (HKEx: 762) Says Studying Mixed Ownership Reform Program (HKEx announcement)
SMG’s BesTV Enters Strategic Partnership with NBA (Chinese article)
Hollysys (Nasdaq: HOLI) to Pay a Regular Annual Dividend for 2016 (PRNewswire)
The following press releases and media reports about Chinese companies were carried on November 22-24. To view a full article or story, click on the link next to the headline.
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Youku Tudou (NYSE: YOKU), Xiaomi Get VNO Licenses In 4th Round Of Awards (Chinese article)
Disney (NYSE: DIS) Expands Shanghai Media Group (SMG) Partnership To TV (Englisha article)
Alibaba (NYSE: BABA) Flippers Eke Out $11.5 Mln Gain In Bond Debut (English article)
Oriental Pearl, BesTV Complete Merger, Become SMG’s Internet Flagship (Chinese article)
Los Angeles Mayor Presses China To Allow More Hollywood Films (English article)
The following press releases and media reports about Chinese companies were carried on September 26. To view a full article or story, click on the link next to the headline.
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China Mobile (HKEx: 941) Expands Number Portability Pilot To 5 Provinces (Chinese article)
China Detains 2 Executives At Embattled Business Newspaper (English article)
Alibaba (NYSE: BABA) To Invest In Merged BesTV+Oriental Pearl Media Firm (English article)
Master Kong (HKEx: 322) Prepares To Sue China Business News Over False Story (Chinese article)
PetroChina (HKEx: 859) Exec Exposed For Buying Luxury Goods With Company Fund (Chinese article)
Shanghai is quickly emerging as ground zero for the world’s top 2 gaming console makers to enter China, with word that Sony (Tokyo: 6753) has formed a new local tie-up aimed at bringing its PlayStation to the market. The company’s new plan comes just weeks after word emerged of a similar plan by rival Microsoft (Nasdaq: MSFT) for its popular Xbox in partnership with another Shanghai media company. Both companies are seeking to tap China’s massive appetite for electronic gaming, after Beijing recently lifted a decade-long ban on the sale of foreign consoles in the market. Read Full Post…
After years of hovering at the edge of China’s gadget and app markets, Japanese mobile instant messaging giant Line and Microsoft’s (Nasdaq: MSFT) Xbox gaming console are both reportedly preparing to enter the market. Line’s plan looks the most exciting to me, as the product has quickly gained a major following in Asia and could find a receptive audience in China with its new partnership. Meantime, I’m less optimistic about Xbox, as its China entry comes after its consoles have been available on the local gray market for years, and it will face competition from a new group of homegrown products. Its choice of the struggling Shanghai Media Group (SMG) as its partner also doesn’t look too exciting to me. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 3-5. To view a full article or story, click on the link next to the headline.
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Sina (Nasdaq: SINA) Announces Preliminary Q1 Results (PRNewswire)
China Mobile (HKEx: 941) Says In Talks With 2 Rivals For Base Station JV (HKEx announcement)
I have a lot of respect for TV giant TCL (HKEx: 1070; Shenzhen: 000100), which has managed to remain relevant in China’s high-tech gadget space by moving aggressively into products like smartphones and high-end flat-screen TVs. But I’m a bit skeptical of the company’s latest move into the ultra competitive gaming space, following word that TCL plans to make gaming consoles and also specialized gaming TVs. News of this latest move by one of China’s oldest tech names comes just months after TCL announced a tie-up with leading search engine Baidu (Nasdaq: BIDU) to make smart TVs. I was more positive on that venture, though I really do think this new one looks more problematic since it will take TCL into a new area that is very competitive and where it has little or no experience.
The following press releases and media reports about Chinese companies were carried on December 5. To view a full article or story, click on the link next to the headline.
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China Issues 4G Network Licences For TD-LTE To 3 Major Telcos (English article)
Disney In China Digital Entertainment Venture With BesTV (Shanghai: 600637) (English article)
The following press releases and media reports about Chinese companies were carried on September 25. To view a full article or story, click on the link next to the headline.
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Suning (Shenzhen: 002024) In Advanced Talks To Buy PPTV For $400 Mln – Source (Chinese article)
Microsoft, BesTV (Shanghai: 600637) to Invest up to $237 Mln in China Venture (English article)
US Solar Group Offers Proposal To End US-China Panel Dispute (Group announcement)
KKR, Modern Dairy (HKEx: 1117) To Build Large Scale Farms in Shandong (Businesswire)
Alibaba Launches Taobao C2C Service In Singapore (English article)
China’s sluggish media and telecoms sectors are getting a couple of new boosts from different directions, as part of Beijing’s bid to breathe new life into a space now dominated by slow-moving state-run behemoths. The first of those boosts has one such behemoth, CCTV, in a new joint venture to promote Internet protocol television (IPTV) with Shanghai Media Group (SMG), China’s second largest media company. The second is a bit more incremental, with media reporting that Beijing has just issued a formal pilot plan for setting up the nation’s first batch of virtual network operators (VNO). Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 21. To view a full article or story, click on the link next to the headline.
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Goldman Exits China’s ICBC (HKEx: 939), 7 Years And Billions Later (English article)
