Tag Archives: Cainiao

China News Digest: March 29, 2016

The following press releases and news reports about China companies were carried on March 29. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════

  • Anbang Trumps Marriott (NYSE: MAR), Raises Offer for Starwood (NYSE: HOT) to $14 Bln (English article)
  • China Bank Profits Flat-Line as Bad Debts Continue to Soar (English article)
  • Alibaba’s (NYSE: BABA) Cainiao Logistics Arm Forms Alliances, In Same-Day Delivery Drive (Chinese article)
  • Shanghai Disneyland (NYSE: DIS) Sells Out for Opening Day (English article)
  • Trina (NYSE: TSL) Launches Thailand Facility, Signs $143 Mln Financing Deal (PRNewswire)
  • Latest calendar for Q4 earnings reports (Earnings calendar)

China News Digest: March 15, 2016

The following press releases and news reports about China companies were carried on March 15. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════

  • Anbang Challenges Marriott (NYSE: MAR) With $13 Bln Starwood (NYSE: HOT) Offer (English article)
  • China Southern Follows Air China, Hainan Air in Quitting Qunar (Nasdaq: QUNR) (Chinese article)
  • China Mobile (HKEx: 941) Starts to Close Some 3G TD-SCDMA Base Stations (Chinese article)
  • Alibaba’s (NYSE: BABA) Cainiao Logistics Arm Raises Funds, Valued at 50 Bln Yuan (English article)
  • Restaurants Leave Ele.me Due to High Fees, Slow Deliveries (Chinese article)
  • Latest calendar for Q4 earnings reports (Earnings calendar)

FUND RAISING: Alibaba, Uber, Didi Kuaidi In Mega Fundings

Bottom line: Major new funding raising by Uber, its Chinese equivalent, and Alibaba’s logistics arm reflect continued interest in such leading Internet firms by major global Investors, though funding will slow sharply for smaller, less known players.

Three new Internet deals raise $5 bln

It seems my earlier forecast was incorrect that major fund-raising for Chinese Internet companies could be cooling due to waning investor sentiment during the recent market volatility. The latest headlines include 3 major new deal close to completion, worth a collective $5 billion. The largest has Didi Kuaidi, the homegrown Chinese equivalent of private car services giant Uber, on the cusp of new a funding deal worth $3 billion. The second has the actual Uber also near a deal to raise $1.2 billion for its Chinese business, as it prepares to spin off the unit into a separate company.

Meantime, the smallest of the deals has e-commerce leader Alibaba ‘s(NYSE: BABA) Cainiao logistics unit also on the verge of a deal to provide hundreds of millions of yuan for a small logistics company. In this case the move appears aimed at helping Cainiao to build up its stable of partners providing logistics service. The addition of such outsiders would also help to validate Alibaba’s 2-year-old program to plow 100 billion yuan into its logistics capabilities.

Read Full Post…

INTERNET: Alibaba Answers Walmart Challenge With Grocery Blitz

Bottom line: Alibaba’s massive online grocery promotion looks aimed at countering potential new challenges from Walmart, as the US retailing giant overhauls its China e-commerce operations.

Alibaba launches major grocery promotion

Just days after Walmart (NYSE: WMT) made a major shift in its China e-commerce strategy, local market leader Alibaba (NYSE: BABA) is firing back with a massive 1 billion yuan ($160 million) promotion that looks squarely aimed at the US retailing giant. This particular promotion comes in the grocery space, which also happens to be a core strength of Yihaodian, the major plank in Walmart’s China e-commerce operation. Alibaba’s announcement also comes just days after Walmart announced it was buying out its partners in Yahaodian to take full control of the site and better integrate it with its existing China operations. Read Full Post…