The following press releases and media reports about Chinese companies were carried on November 8-10. To view a full article or story, click on the link next to the headline.
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Chinese Social Networking Service Momo Files For $300 Mln IPO (English article)
GCL-Poly (HKEx: 3800) Approves Plan To Buy 30 Pct Of Struggling Chaori Solar (English article)
Earlier reports of e-commerce leader Alibaba’s strong political ties appear to be overstated, following word that archrival Tencent (HKEx: 700) has become the first of China’s major Internet firms to win a highly sought banking license. Both companies had been aggressively expanding into financial services over the past year, though each was reliant on partnerships with other companies that already had licenses to offer services in the highly regulated sector dominated by big state-run companies. But now Tencent will be able to offer many of those services on its own, following this ground-breaking award of a license from the nation’s banking regulator. Read Full Post…
China’s regulators have become involved in mediating a growing number of business disputes, reflecting the recent rise of a new generation of multibillion-dollar private sector companies that are rapidly growing beyond their traditional roots. In most cases, companies that began as Internet firms and high-tech manufacturers have encroached into a wide range of new areas like banking, TV and telecoms services, raising the hackles of big state-owned firms that previously dominated those sectors. Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 17. To view a full article or story, click on the link next to the headline.
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