Beijing’s recent campaign against foreign tech firms is picking up more momentum, with word that security software makers Symantec (Nasdaq: SYMC) and Kaspersky Lab have been banned from selling to government agencies. The move continues a trend that has seen Beijing take similar moves against software from Microsoft (Nasdaq: MSFT) and hardware from IBM (NYSE: IBM) over worries that their products could compromise national security.
Meantime in another ominous sign for foreign tech firms, a government ministry that conducts anti-monopoly investigations is warning Microsoft not to interfere with its ongoing probe of the company. Industry watchers will note that the warning from the State Administration of Industry and Commerce (SAIC) comes as an unrelated trial gets set to start for a British-American couple being charged with interfering in a bribery probe into British drug giant GlaxoSmithKline (London: GSK). Read Full Post…
The following press releases and media reports about Chinese companies were carried on July 18. To view a full article or story, click on the link next to the headline.
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Sources Say Alibaba Delaying IPO Road Show Until September (Chinese article)
The following press releases and media reports about Chinese companies were carried on July 9. To view a full article or story, click on the link next to the headline.
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Car Maker Tesla (Nasdaq: TSLA) Sued In China For Trademark Infringement (English article)
SouFun (NYSE: SFUN) Tumbles In New York On Commission Concerns (English article)
China Says GSK-Linked (London: GSK) Trial Being Handled According To Law (English article)
The following press releases and media reports about Chinese companies were carried on July 5-7. To view a full article or story, click on the link next to the headline.
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NQ Mobile (NYSE: NQ) Sinks 32 Pct As Audit Panel Heads Resigns (English article)
US ‘Concerned’ About Being Barred From GSK-linked (London: GSK) China Trial (English article)
Facebook (Nasdaq: FB) Leases 800 Square Meter Office In Beijing Central Business District (Chinese article)
China Approves Lenovo (HKEx: 992), IBM (NYSE: IBM) $2.3 Bln Server Deal (English article)
QVOD Abandons Old Address, Registers Under New Name (Chinese article)
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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China To Try GSK-linked (London: GSK) Investigator In Secret: Family Friends (English article)
The following press releases and media reports about Chinese companies were carried on July 1. To view a full article or story, click on the link next to the headline.
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Sex Video New Twist In GSK (London: GSK) China Bribery Scandal (English article)
A few news bits and data points are spotlighting the big potential in China’s healthcare market over the next few years for companies that can tap into an overhaul of the national medical system. While that news looks good for healthcare companies overall, the limited universe of publicly traded firms available to western investors looks a bit spottier due to individual company issues. Regulatory issues could also be a risk, as highlighted by a new price fixing ruling against US drug giant Johnson & Johnson (NYSE: JJ). Still, there could be some interesting buying opportunities for the right companies. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 29. To view a full article or story, click on the link next to the headline.
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UK Fraud Office Probes GSK (London: GSK) After Claims Of Foreign Bribery (English article)
China Mobile (HKEx: 941) Relaunches Own Brand Of Mobile Phones (Chinese article)
CCTV Attacks BMW (Frankfurt: BMW) Again On High Prices For Imports (Chinese article)
Two news threads that started with relatively isolated moves are showing signs of becoming trends, with word that Beijing is taking new actions against overseas tech and drug firms. In the former case, media are reporting that China is preparing to roll out new security checks for all foreign IT products, in a move that looks aimed at the computing and telecoms sectors. The latter case has media reporting that investigators have visited the offices of Swiss drug giant Roche (Switzerland: ROG), which could auger more formal moves against the company for corrupt business practices. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 17-19. To view a full article or story, click on the link next to the headline.
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Jumei Int’l (NYSE: JMEI) Rises 10 Percent In NY Trading Debut After IPO (Chinese article)
Baidu Opens (Nasdaq: BIDU) Silicon Valley Lab, Appoints Head of Research (PRNewswire)
BYD (HKEx: 1211), Bank Of Xi’an Form Car Financing Joint Venture (HKEx announcement)
Canadian Solar (Nasdaq: CSIQ) Reports Q1 Results (PRNewswire)
GSK (London: GSK) Case A ‘Warning’ To All Foreign Firms In China: Xinhua – English article)
The following press releases and media reports about Chinese companies were carried on May 15. To view a full article or story, click on the link next to the headline.
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Chinese Charge British Former Head Of GSK (London: GSK) China With Bribery (English article)
