The following press releases and media reports about Chinese companies were carried on June 27. To view a full article or story, click on the link next to the headline.
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Alibaba Picks New York Stock Exchange For IPO (English article)
Chinese Cars In ‘Transformers 4’ Bound for US Next Year (English article)
Video Site QVOD Refuses To Pay 260 Mln Yuan Copyright Fine, Says To Sue (Chinese article)
Canadian Solar (Nasdaq: CSIQ) In Deal For 140 MW DC Solar Farm In Ontario (PRNewswire)
GM (NYSE: GM) Says Ignition Switch Linked To Recall Made In China (English article)
A slew of year-end news about China’s auto industry is shining a spotlight on the tough times that domestic car makers are facing not only at home but also abroad as they grapple with tough competition and other market factors. Domestic nameplates like Geely (HKEx: 175), Chery and BYD (HKEx: 1211; Shenzhen: 002594) have steadily lost share in their home market over the last few years to big foreign names like GM (NYSE: GM) and Volkswagen (Frankfurt: VOWG), but posted strong export gains as they looked to overseas markets to partly offset the declines at home. But now even the export picture is looking bleak, with the latest word that no Chinese car makers will attend the industry-leading North American International Auto Show in Detroit this week. (English article) 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.
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The following press releases and media reports about Chinese companies were carried on October 29. To view a full article or story, click on the link next to the headline.
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Suning (Shenzhen: 002024), Hony Capital To Invest $420 Mln In PPTV (English article)
Telecoms Regulator Requires Handset Makers To List Pre-Installed Apps (English article)
The following press releases and media reports about Chinese companies were carried on October 15. To view a full article or story, click on the link next to the headline.
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Vancl In Arrears To Suppliers, Owes Li Ning (HKEx: 2331) More Than 10 Mln Yuan (Chinese article)
Baidu (Nasdaq: BIDU) to Acquire Perfect World Literature Unit – Source (English article)
Huawei Hires Former EU Ambassador to China (English article)
GM-Peugeot Setbacks Set Scene For Dongfeng (HKEx: 489) Deal Push (English article)
After Weeks of Deliberation, China Okays ‘Gravity’ for Theaters (English article)
Global auto giant General Motors’ (GM) (NYSE: GM) announcement of a major adjustment to its international corporate structure last week demonstrated its commitment to China, grabbing headlines and winning goodwill from Chinese consumers and Beijing. The move reflects a broader savvy policy of big investments and other corporate actions designed to highlight the importance of the market for GM, a strategy that others like Apple (Nasdaq: AAPL) should follow to boost their prospects in China. Read Full Post…
The following press releases and media reports about Chinese companies were carried on July 4. To view a full article or story, click on the link next to the headline.
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GM (NYSE: GM) China Sales Accelerate on Higher Demand for Cadillac (English article)
Huawei Says Hopes European Rivals Become Big Suppliers For China 4G (Chinese article)
WeChat 5.0 to Overhaul Public Accounts, Add Payment Features (English article)
LeTV’s (Shenzhen: 300104) First Batch Of Super TVs Sells Out In 49 Minutes (Chinese article)
Li Ning (HKEx: 2331) Seeks to Revive Brand With NBA Superstar Dwyane Wade
The following press releases and media reports about Chinese companies were carried on June 20. To view a full article or story, click on the link next to the headline.
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China’s Wanda To Spend $1.6 Bln On UK Yacht Maker, Hotel (English article)
GM (NYSE: GM) Aims For 10 Pct Of China’s Luxury Car Market By 2020 (English article)
The following press releases and media reports about Chinese companies were carried on April 20-22. To view a full article or story, click on the link next to the headline.
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GM (NYSE: GM) Renews Cadillac Campaign In China (English article)
China Mobile (HKEx: 941) Launches 20 Bln Yuan Tender For TD-LTE (Chinese article)
The following press releases and media reports about Chinese companies were carried on December 7. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
GM (NYSE: GM) China November Sales Increase 9.7% on Buick, Chevrolet (English article)
Suning (Shenzhen: 002024) Tests Out Finance With Small Loan Unit (Chinese article)
Yum (NYSE: YUM) Tweaks China Growth Plans, Targets More Pizza Huts (English article)
China Mobile (HKEx: 941) Says Apple Must Discuss IPhone Benefit Sharing (English article)
Just a month after I accused SAIC (Shanghai: 600104) of having a weak stomach for overseas expansion, we’re getting word that China’s leading automaker may be preparing to move into Southeast Asia with its longtime US partner General Motors (NYSE: GM). If the reports are correct, this would look like a smart move for SAIC, taking it into a relatively straightforward region similar to its own home market in partnership with a globally experienced major partner like GM.
Just a month after I accused SAIC (Shanghai: 600104) of having a weak stomach for overseas expansion, we’re getting word that China’s leading automaker may be preparing to move into Southeast Asia with its longtime US partner General Motors (NYSE: GM). If the reports are correct, this would look like a smart move for SAIC, taking it into a relatively straightforward region similar to its own home market in partnership with a globally experienced major partner like GM.
