The following press releases and media reports about Chinese companies were carried on August 1-3. To view a full article or story, click on the link next to the headline.
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Hisense (Shanghai: 600060) Pays $23.7 Mln for Sharp Corp Mexico Operations (Chinese article)
Renren (NYSE: RENN) Acting CFO Resigns, Interim CFO Appointed (PRNewswire)
Bottom line: New online service platforms from Lenovo and Tencent could both do reasonably well, but will face challenges due to inexperience and product limitations, respectively.
Hisense, Tencent join hands in gaming smart TV
The “platform” concept is becoming a hot area in China’s overcharged Internet world, as companies look for newer and better ways to deliver their products and services over a growing number of devices and online channels. That rush is behind 2 of the latest big moves in the space, one from PC giant Lenovo (HKEx: 992) and the other from Internet titan Tencent (HKEx: 700).
Lenovo’s new foray into online products and services has been in the headlines for the last few months, but I’ve finally received some clarification on what exactly is behind its plans for an online platform with the new name of ShenQi. Meantime, Tencent is aiming to boost its leading position in the online gaming space through a new tie-up with household electronics giant Hisense (Shanghai: 600060). That tie-up looks set to produce a new gaming TV that could compete with more traditional consoles from Microsoft (Nasdaq: MSFT) and Sony (Tokyo: 6753). Read Full Post…
The following press releases and media reports about Chinese companies were carried on February 10. To view a full article or story, click on the link next to the headline.
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Qualcomm (Nasdaq: QCOM) Pays $975 Mln, Resolves China Antitrust Dispute (English article)
Alibaba (NYSE: BABA) Places China Smartphone Bet With $590 Mln Meizu Deal (English article)
Hisense (Shanghai: 600060), Tencent (HK: 700) In TV Game Platform Tie-Up (Chinese article)
Starwood to Sell NYC’s Baccarat Hotel To Chinese Insurer Sunshine (English article)
Sohu (Nasdaq: SOHU) Reports Q4 And Fiscal Year 2014 Unaudited Results (PRNewswire)
Most people are focusing on Alibaba in the new announcement of its major new logistics tie-up with leading home appliance maker Haier (HKEx: 1169), so I thought I would take a different approach and focus instead on the underappreciated Haier. Actually, I should clarify and say that Haier was formerly underappreciated, as investors quickly discovered its shares after announcement of the $360 million tie-up, bidding the stock up to a 14-year high on optimism about the new partnership. I’ve always been quite positive on Haier, one of China’s top brands in home appliances, and think this new venture continues its tradition of carefully considered partnerships with good chances for success into new areas. Read Full Post…
Social networking apps (SNS) have become the flavor of the day among Chinese Internet firms, especially in the mobile space, and it’s rare to go more than a week or two without reports of a big new move by a major player in the space. Amid all that chatter, I was intrigued to read the latest report of an interesting new tie-up between leading microblog operator Sina (Nasdaq: SINA) Weibo and appliance maker Hisense (Shanghai: 600060) into the unlikely field of smart air conditioners. Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 24. To view a full article or story, click on the link next to the headline.
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4G License Timetable Not Set, Talk Of Q3 Release Unreliable (Chinese article)
GSK’s (London: GSK) China Sales May Be Down 30 Pct On Scandal: Analysts (English article)
Suntech (NYSE: STP) Announces Seizure Of Global Solar Fund Assets In Italy (PRNewswire)
Sina (Nasdaq: SINA) Weibo, Hisense (Shanghai: 600060) Roll Out Smart Air Con (Chinese article)
Used Car Website Operator Souche Secures US Dollar 8-Digit Funding (English article)
A couple of items from the consumer electronics space are worth looking at today, including one that shows Huawei’s consumer unit forecasting surprisingly slow growth while electronics giant Hisense (Shanghai: 600060) is cementing an interesting TV tie-up with Google (Nasdaq: GOOG). Both of these news bits highlight China’s growing prowess as a consumer electronics maker, as the country rapidly rises to challenge traditional powerhouses like Japan, South Korea and Taiwan with products that can compete globally not only in price but also in quality.
The following press releases and media reports about Chinese companies were carried on September 25. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Kellogg (NYSE: K) Inks China JV to Gain Share in Breakfast, Snack Market (English article)
Hisense (Shanghai: 600060) to Develop Google (Nasdaq: GOOG) TV – Source (English article)
Galloping Horse in Winning Bid For Assets of Bankrupt Digital Domain (Businesswire)
Huawei Forecasts Consumer Device Sales to Grow 30 Pct Next Year (Chinese article)
Perfect World (Nasdaq: PWRD) Announces Departure of Shanghai Manager Davis Jian Li (PRNewswire)
A couple of items from the consumer electronics space are worth looking at today, including one that shows Huawei’s consumer unit forecasting surprisingly slow growth while electronics giant Hisense (Shanghai: 600060) is cementing an interesting TV tie-up with Google (Nasdaq: GOOG). Both of these news bits highlight China’s growing prowess as a consumer electronics maker, as the country rapidly rises to challenge traditional powerhouses like Japan, South Korea and Taiwan with products that can compete globally not only in price but also in quality.
