The following press releases and news reports about China companies were carried on August 30. To view a full article or story, click on the link next to the headline.
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Microsoft’s (Nasdaq: MSFT) MSN China Portal in Management-Led Buyout (Chinese article)
Russo Bros in Talks With Huayi Bros (Shenzhen: 300027) for Partnership (English article)
Baoneng (Shenzhen: 000690) Pays 882 Mln Yuan for 26.4 Pct of Dating Site Baihe (Chinese article)
Minsheng Bank (HKEx: 1988) Announces Interim Results (HKEx announcement)
Private-Equity Firm General Atlantic, Ctrip (Nasdaq: CTRP) in New $400 Mln Fund (English article)
The following press releases and media reports about Chinese companies were carried on December 8. To view a full article or story, click on the link next to the headline.
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Taiwan’s TSMC (Taipei: 2330) to Build $3 Bln Chip Plant in Nanjing (Chinese article)
Homeinns (Nasdaq: HMIN) Enters into Definitive Merger Agreement (PRNewswire)
Alibaba’s (NYSE: BABA) AliExpress to Collect Annual Service Fee (English article)
Unicom (HKEx: 763) Announces Launch of Wo 4G+, to Explore Network Sharing (HKEx Announcement)
Huayi Bros (Shenzhen: 300027) Pays 1 Bln Yuan for 70 Pct of Feng Xiaogang’s Firm (Chinese article)
Bottom line: A weak debut for eHi reflects waning investor enthusiasm for Chinese IPOs, while a new $585 million investment in Huayi Bros reflects strong growth prospects for the independent filmmaker.
eHi IPO sputters out of the gate
A flurry of fund-raising events are in the headlines today, led by a weak trading debut for car rental specialist eHi Car Services (NYSE: EHIC) and a big capital infusion for Huayi Bros (Shenzhen: 300027), one of China’s leading independent film makers. Rounding out the activity are reports confirming that smartphone high-flyer Xiaomi has made its largest investment to date, spending $300 million for a stake in iQiyi, China’s second largest online video site owned by Internet search leader Baidu (Nasdaq: BIDU). Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 16. To view a full article or story, click on the link next to the headline.
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Alibaba To Expand IPO, May Raise Upper Price Range To $70 – Source (Chinese article)
Huayi Bros (Shenzhen: 300027) To Invest $130 Mln In New US Subsidiary (Chinese article)
13 Workers At Foxconn (HKEx: 2038) Shenzhen Plant Get Leukemia, 5 Dead (Chinese article)
Cellular Tower Operator To Finish Formation By Year End, Seek Private Money (Chinese article)
NetEase (Nasdaq: NTES) Invests 28 Mln Yuan In Recruiting Site Jobtong (English article)
A new announcement from US movie producer Village Roadshow is once again casting a spotlight on the growing love affair between Hollywood and China, which is showing no signs of slowing as the relationship celebrates its first anniversary. The announcement also highlights the huge potential of China’s box-office, whose rapid growth is being partly fueled by relaxation of rules that are suddenly allowing a lot more foreign-produced and funded movies into China. The Village Roadshow announcement also reflects the growing influence in China of locally made movies, which can do quite well by combining Hollywood skills with movie makers more familiar with Chinese tastes.
A new announcement from US movie producer Village Roadshow is once again casting a spotlight on the growing love affair between Hollywood and China, which is showing no signs of slowing as the relationship celebrates its first anniversary. The announcement also highlights the huge potential of China’s box-office, whose rapid growth is being partly fueled by relaxation of rules that are suddenly allowing a lot more foreign-produced and funded movies into China. The Village Roadshow announcement also reflects the growing influence in China of locally made movies, which can do quite well by combining Hollywood skills with movie makers more familiar with Chinese tastes.
