The following press releases and media reports about Chinese companies were carried on July 30. To view a full article or story, click on the link next to the headline.
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China Retail Executive Wang Being Probed In Bribery Case (English article)
GAPPRFT Mulls Quota System for Foreign Online Video Content – Source (English article)
Regulators in new role as judges for industry clashes
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…
I wrote earlier this week about a looming crackdown on private Internet-based video providers, and now that campaign appears to be building momentum with word of turbulence in the booming set-top box sector. The latest reports say industry veteran LeTV (Shenzhen: 300104) has withdrawn its set-top box product from the market, while e-commerce giant Alibaba is reportedly delaying the roll-out of its own similar product. The reports certainly don’t bode well for the fledgling sector of set-top boxes, which allow people to watch Internet-based video content on their TVs the same way they watch programs using traditional TV channels. Read Full Post…
The following press releases and media reports about Chinese companies were carried on July 17. To view a full article or story, click on the link next to the headline.
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WTO Rules Against US Import Tariffs On China Steel, Solar Panels (English article)
GAPPRFT to Regulate Internet TV Platform License Holders (English article)
Sohu (Nasdaq: SOHU) Online Game Unit Changyou To Invest $91 Mln In MoboTap (PRNewswire)
Yum’s (NYSE: YUM) China Rebound Dimmed By India, Pizza Hut Weakness (English article)
Wanda Group Seeks Partners To Form E-Commerce Unit (Chinese article)
The following press releases and media reports about Chinese companies were carried on July 15. To view a full article or story, click on the link next to the headline.
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GAPPRFT to Restrict Branded Video Channels on Internet TV – Source (English article)
China’s CICC Said To Invite Investment Banks For Hong Kong IPO (English article)
Regulator To Discuss Unconditional Return Policy With 10 E-Commerce Firms (Chinese article)
ZTE (HKEx: 763) Raises Forecast for 6-Month Profit On Strong 4G Sales (Businesswire)
Vita Coco Coconut Water Sells 25 Pct Stake To Red Bull China (Businesswire)
