Perhaps I was a bit hasty a couple of weeks ago in declaring that a new IPO plan by online real estate company E-House (NYSE: EJ) for its Leju unit looked like the recycling of an old listing that flopped and was eventually privatized. Since that initial announcement, E-House has followed with a couple of new plans for Leju, both involving collaboration with Tencent (HKEx: 700), China’s biggest Internet company. In the latest of those, E-House has just announced that Tencent will become a strategic investor in Leju, paying $180 million for 15 percent of the unit. (company announcement) Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 22-24. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
EU, China End Wine Dispute Ahead Of Xi’s European Tour (English article)
The following press releases and media reports about Chinese companies were carried on March 12. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Alibaba To Acquire ChinaVision Media (HKEx: 1060) For HK$6.24 Bln (Chinese article)
Hershey’s (NYSE: HSY) Kisses Brand Hits $100 Mln In China (Businesswire)
After an unsuccessful earlier listing for one of its units, online real estate giant E-House (NYSE: EJ) is preparing to try again with plans for a New York IPO for its Leju division. The company has been quite cagey in this latest listing plan, giving little details about Leju’s background and why the unit deserves its own separate listing. Perhaps that’s because a little checking reveals that this “new” offering is really just a recycled listing for a previous company jointly-owned by E-House and leading web portal Sina (Nasdaq: SINA). Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 11. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
JD.com Rolls Out Financial Product Similar To Yu’ebao To Boost IPO (Chinese article)
E-House (NYSE: EJ) Announces Leju’s Plan For Proposed IPO (PRNewswire)
Home Inns (Nasdaq: HMIN) to Acquire Yunshang Siji Hotel Management Co (PRNewswire)
ZTE (HKEx: 763), The9 (Nasdaq: NCTY) to Release Game Console – Source (English article)
Ackman To Renew Attack On Herbalife (NYSE: HLF) With Aim On China Business (English article)
Many companies from traditional sectors have been taking a serious look at the Internet these days, worried that failure to develop a solid web strategy could result in their eventual demise. For sectors like retail and some other traditional product categories, I agree that strategy makes sense as the Internet radically changes the way that these industries operate. But I find the recent Internet obsession by the CEO of Vanke (HKEx: 1036; Shenzhen: 000002), one of China’s leading real estate developers, a bit more difficult to understand, since property doesn’t seem like a sector that can easily migrate to the web. Read Full Post…
US-listed Chinese stocks neared the end of 2013 with a wild ride last week, as 3 major developments provided a glimpse of the bumpy road that lies ahead in the New Year. That performance points to a strong start for new IPOs at the start of 2014, even though momentum could quickly flag due to the highly volatile and unpredictable nature of these stocks. Read Full Post…
After gobbling up billions of dollars worth of debt from Chinese Internet companies over the last year, investors may finally be starting to get full on the bond feast with word that online real estate services firm E-House (NYSE: EJ) has sharply trimmed its plan for a new major offering. One can interpret this unexpected twist in a number of ways, which I’ll explain shortly. But from my perspective the development looks like one of the first signs that a resurgence of interest in US-listed Chinese tech firms over the last few months could quickly dim in the first half of 2014 as investors turn their attention to other companies. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 13. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
The following press releases and media reports about Chinese companies were carried on December 11. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Santander (Madrid: SAN) Ups Bet On China With Bank of Shanghai Stake (English article)
China Mobile (HKEx: 941) Website To Take iPhone 5S Orders From Thursday (Chinese article)
E-House (NYSE: EJ) Announces Plan To Offer $180 Mln Convertible Notes (PRNewswire)
Lianhua Supermarket (HKEx: 980) Former Top Executive Under Probe (Chinese article)
LDK Solar (NYSE: LDK) Extends Forbearance Arrangement With Noteholders (PRNewswire)
The following press releases and media reports about Chinese companies were carried on August 17-19. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Goldman, Morgan Stanley In Talks To Buy Stake In China’s Huarong: FT (English article)
China Seen Probing IBM, Oracle, EMC After Snowden Leaks (English article)
