The following press releases and media reports about Chinese companies were carried on June 20-23. To view a full article or story, click on the link next to the headline.
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SMG’s Oriental Pearl (Shanghai: 600637) Enters Internet TV After Reorganization (Chinese article)
Sina (Nasdaq: SINA) Joins Consortium in E-House (NYSE: EJ) Privatization Plan (PRNewswire)
Hershey (NYSE: HSY) Cuts Annual Profit Forecast After China Growth Slows (English article)
JD.com (Nasdaq: JD) Responds to Short Seller Attack, Calls Report Misleading (Chinese article)
AirMedia (Nasdaq: AMCN) Announces Receipt of “Going Private” Proposal (PRNewswire)
The following press releases and media reports about Chinese companies were carried on May 9-11. To view a full article or story, click on the link next to the headline.
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Tuniu (Nasdaq: TOUR) Announces $500 Mln Investment From Investor Group (GlobeNewswire)
Bottom line: China’s chocolate market could follow the recent boom for coffee as a lifestyle product, benefiting foreign names like Nestle, Hershey and Dove that can tap the preference for premium brands.
Nestle, Hershey seek success in upscale chocolate
A couple of chocolate stories were in the headlines over the Lunar New Year holiday, spotlighting the big potential for the foreign treat to boom in a similar way that coffee has over the last few years. One story had Swiss giant Nestle (Zurich: NESN) saying it will look to chocolate and premium coffee to boost its stagnating China sales. The other had US chocolate giant Hershey (NYSE: HSY) also predicting strong growth for the China market, following its own recent local acquisition. Read Full Post…
Bottom line: Wal-Mart’s new layoffs underscore the intense competition in China’s retail market, which could cause it to miss its new store target, while Heinz’s expansion reflects the big potential for big global food brands.
Heinz opens major new China plant
Two new stories are casting a spotlight on diverging trends in the retail and consumer space for major multinationals, with retailing giant Wal-Mart (NYSE: WMT) making big new cuts in its China operations even as US food maker Heinz launches a massive new China factory. Wal-Mart’s move highlights the intense competition that has gripped China’s retail sector over the last 3 years, forcing several major players to leave the market or consider doing so. At the same time, there’s still huge opportunity for makers of quality food and other consumer products, especially from major foreign brands that are generally more trusted by Chinese buyers than domestic names. Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 27-29. To view a full article or story, click on the link next to the headline.
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Intel (Nasdaq: INTC) Invests Up To $1.5 Bln In China Mobile Chip Venture (English article)
Hershey (NYSE: HSY) Completes Initial Purchase Of Shanghai Golden Monkey (Businesswire)
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.
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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)
US chocolate giant Hershey (NYSE: HSY) is in the headlines this wintry day in late December, with word that it’s dipping its toe deeper into China with a modest acquisition of a Shanghai candy maker. I’ll admit I don’t know much about Golden Monkey Food, even though this company being acquired by Hershey is based here in my adopted hometown of Shanghai. But a description of the company provided by Hershey, combined with my own perusal of Golden Monkey’s web page, makes this particular deal look like a good one for Hershey as it tries to take on hometown rivals Mars and Dove in China’s rich candy market. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 20. To view a full article or story, click on the link next to the headline.
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Hershey (NYSE: HSY) To Buy Majority Of Shanghai Golden Monkey Food Co (Businesswire)
AsiaInfo-Linkage (Nasdaq: ASIA) Stockholders Approve of Merger Agreement (PRNewswire)
Alibaba, Wanda Group Team Up On Movie Ticket Payments On Alipay (Chinese article)
Ctrip (Nasdaq: CTRP) Invests in Online Car Rental Firm Yongche (English article)
Tesla (Nasdaq: TSLA) Starts Offering Cars In China With No Chinese Name (English article)
