The following press releases and media reports about Chinese companies were carried on May 24-26. To view a full article or story, click on the link next to the headline.
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ZTE, Huawei Win Bulk Of China Mobile’s 2nd Batch Of 4G Contracts -Sources (English article)
Video Sharing Site Xunlei Files To Raise Up To $100 Mln In New York IPO (Chinese article)
SNS Shopping Site Mogujie Lands $100 Mln In New Funding – Source (English article)
India Hits US, China With Solar Imports Anti-Dumping Duties (English article)
Chinese Carmaker BYD (HKEx: 1211) Offering $400m In New Shares (English article)
When the history books are written, the month of May 2014 could go down as a watershed in the Chinese battle against piracy. An obscure Shenzhen company could also be part of the story, following reports that the firm Kuaibo Technology has been fined a whopping 260 million yuan ($42 million) by the city government for repeated piracy. Then again, it’s also quite possible and likely that Kuaibo will simply shut its doors to avoid paying the fine, and then re-open nearby using another name and company registration. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 17-19. To view a full article or story, click on the link next to the headline.
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Jumei Int’l (NYSE: JMEI) Rises 10 Percent In NY Trading Debut After IPO (Chinese article)
Baidu Opens (Nasdaq: BIDU) Silicon Valley Lab, Appoints Head of Research (PRNewswire)
BYD (HKEx: 1211), Bank Of Xi’an Form Car Financing Joint Venture (HKEx announcement)
Canadian Solar (Nasdaq: CSIQ) Reports Q1 Results (PRNewswire)
GSK (London: GSK) Case A ‘Warning’ To All Foreign Firms In China: Xinhua – English article)
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)
I gave quite a bit of attention a few days ago to US electric vehicle (EV) sensation Tesla (Nasdaq: TSLA), so it’s only fair that I close out this week by writing about China’s homegrown EV superstar BYD (HKEx: 1211; Shenzhen: 002594), which has just released quarterly results that look quite disappointing. The only things that look slightly encouraging in this latest report are the fact that billionaire investor Warren Buffett continues to hold onto his 10 percent stake in the company, which he bought in 2008, and that BYD remains profitable. But even the profits are due to strong support from Beijing, under its program to encourage clean-energy vehicle development. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 25. To view a full article or story, click on the link next to the headline.
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I have to give my congratulations to new energy car maker Tesla (Nasdaq: TSLA) for creating the kind of buzz and excitement this week that only names like Apple (Nasdaq: AAPL) and smartphone sensation Xiaomi have typically been able to muster. In the last 2 days, the company and its charismatic founder Elon Musk were all over the Chinese headlines as Tesla delivered its first electric vehicles (EVs) in China on the sidelines of the nation’s biggest annual auto show happening this week in Beijing. Musk seems to have done interviews with nearly all of the major publications I regularly read, leading me to wonder if the man ever sleeps. Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 14. To view a full article or story, click on the link next to the headline.
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The following press releases and media reports about Chinese companies were carried on March 8-10. To view a full article or story, click on the link next to the headline.
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Chinese car makers are fueling a new global buying binge of clean-energy assets, with the latest word that privately owned Geely Automobile (HKEx: 175) is buying a British electric car startup. Geely’s deal comes just weeks after China’s Wanxiang Group completed its second major acquisition of a clean energy firm in the US, hinting at a growing wave of global M&A by tech-hungry Chinese car makers. This flurry of deals also comes as China’s leading electric vehicle (EV) maker, BYD (HKEx: 1211; Shenzhen: 002594), spotlights new government data that showcases its own technology development prowess. Read Full Post…
The following press releases and media reports about Chinese companies were carried on January 30. To view a full article or story, click on the link next to the headline.
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Lenovo (HKEx: (992) To Buy Google’s Motorola In China’s Largest Tech Deal (English article)
ICBC (HKEx: 1398) To Buy Control Of Standard Bank Unit For $765 Mln (English article)
500.com (NYSE: WBAI), China Mobile (HKEx: 941) In Strategic Partnership (PRNewswire)
MIIT Gives 2nd Round Of VNO Licenses, Winners Include Suning, Gome (Chinese article)
Buffett-Backed Chinese Automaker BYD (HKEx: 1211) Settles US Wage Dispute (English article)
