The following press releases and media reports about Chinese companies were carried on October 9. To view a full article or story, click on the link next to the headline.
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iPhone Orders To 3 China Telcos Top 1 Mln In First 6 Hours (Chinese article)
China, EU Close To Deal On Telecoms Trade Dispute- Sources (English article)
KFC (NYSE: YUM) China Same-Store Sales Fall 14 Pct In August (Chinese article)
Alibaba-Distributed (NYSE: BABA) Game Mistake Exposes Private Videos (English article)
Evergrande (HKEx: 3333) Invests In E Bon (HKEx: 599) In Solar Drive (Chinese article)
Two major news events were at the center of the microblogging realm this past week, as tech executives from across the spectrum commented on the blockbuster IPO for Alibaba (NYSE: BABA) and the debut of latest iPhone from Apple (Nasdaq: AAPL). Executives were generally full of praise for the Alibaba IPO, which shattered numerous records when the stock began trading last Friday in New York. But there were also some hints of jealousy, as top executives from fast-fading e-commerce rival Dangdang (NYSE: DANG) and security software maker Qihoo 360 (NYSE: QIHU) suffered from valuation envy.
Meantime, domestic smartphone makers Huawei and ZTE (HKEx: 763; Shenzhen: 000063) took advantage of the iPhone’s formal launch last Friday to tout their own products, which are far cheaper and enjoy a reputation for reasonable quality. But unlike the iPhone, Huawei and ZTE still suffer from the “Made in China” stigma, and don’t command anything near the level of respect and buzz that the iPhone gets. 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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After Delay, Microsoft (Nasdaq: MSFT) Xbox One China Launch Set For Sept 29 (English article)
Jack Ma Becomes China’s Richest Man, Lei Jun Enters Top 10 – Hurun Report (Chinese article)
iPhone 6 Still Being Reviewed, Results Expected Shortly – MIIT Chief (Chinese article)
Shanghai Gov’t Requires Officials To Use Domestic Brand Smartphones (English article)
Shunfeng (HKEx: 1165) 500 Mln Yuan Ningxia Solar Power Station Hits Obstacle (Chinese article)
Conspiracy talk was buzzing through the microblogging realm this past week, as numerous executives weighed in on 2 major news events in the China tech world. One of those saw Apple (Nasdaq: AAPL) finally unveil its new iPhone 6, only to mysteriously yank China from its global launch map without any explanation. The other saw executives speculating on the significance of and reasons behind the surprise defection of Zhang Yaqin, a longtime China-based Microsoft (Nasdaq: MSFT) executive who abruptly left the company for a job at leading Internet search company Baidu (Nasdaq: BIDU). Read Full Post…
Now that Apple’s (Nasdaq: AAPL) unveiling of its new iPhone 6 is finally in the past, we can finally sit back and take a look at the specifics of the company’s launch plan for China. The only problem is that there isn’t any such plan yet, even though China is now one of Apple’s largest global markets. Instead, there seems to be lots of confusion about when the newest iPhone will officially go on sale on the Chinese mainland.
I can partly sympathize with Apple, as I’m nearly certain the latest confusion is the result of Chinese bureaucracy that’s impossible to control. But at the same time, this kind of sloppy move will only further undermine Apple’s reputation, which is already under regular attack by central Chinese media that are constantly looking for new ways to find fault with this trendy but secretive company. Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 12. To view a full article or story, click on the link next to the headline.
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China Misses Out On First Wave Of New iPhone Releases (English article)
Tech Factory Workers Strike In China Over Mooncakes, Benefits (English article)
FAW, Volkswagen (Frankfurt: VOWG) Fined 248 Mln Yuan After Antitrust Probe Of Audi (Chinese article)
McDonald’s (NYSE: MCD) August Sales Metric Hurt By China Scandal (English article)
JD.com (Nasdaq: JD) Responds To Reports Of Strike, Says Has Made Necessary Preparations (Chinese article)
The following press releases and media reports about Chinese companies were carried on September 11. To view a full article or story, click on the link next to the headline.
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3 Domestic Cement Firms Probed By NDRC For Antitrust Violations (Chinese article)
Ctrip (Nasdaq: CTRP) Removes Hotel Products From Qunar (Nasdaq: QUNR) (English article)
Xiaomi Invests In P2P Lending Platform Jimu Box (Chinese article)
Apple’s (Nasdaq: AAPL) iPhone 6 To Go On Sale In China On September 26 (Chinese article)
Phoenix New Media (NYSE: FENG) Makes Strategic Investment In News Feed App Yidian (PRNewswire)
Apple’s (Nasdaq: AAPL) highly anticipated iPhone 6 could face an uphill climb in China when it gets released next week, at least based on the first figures I’ve seen for how much the model will cost. According to the latest reports, China Unicom (HKEx: 762; NYSE: CHU), the nation’s second largest carrier and Apple’s oldest partner in China, will sell the new iPhone 6 for a starting price of 5,288 yuan, or about $860. That would be significantly higher than the price tag of $750 that many believe will be the iPhone 6’s starting price when it goes on sale in the US later this month. Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 30-September 1. To view a full article or story, click on the link next to the headline.
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6 Detained, Arrested In Husi Tainted Meat Scandal (Chinese article)
iPhone 6 May Cost More Than 6,000 Yuan As Telcos Trim Subsidies (Chinese article)
Tesla (Nasdaq: TSLA), Unicom (HKEx: 763) To Build Charging Outlets Across China (English article)
China Construction Bank (HKEx: 939) Announces Interim Results (HKEx announcement)
Game Maker Linekong Files For HK IPO, Gets Baidu (Nasdaq: BIDU) Funding (Chinese article)
The following press releases and media reports about Chinese companies were carried on July 12-14. To view a full article or story, click on the link next to the headline.
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Alibaba Estimates Own Market Value At $130 Bln (Chinese article)
China’s Hony Capital Snaps Up Pizza Express For $1.6 Bln (English article)
China’s 3 State-Owned Carriers Form Telecoms Tower Firm (English article)
China State TV Says Apple (Nasdaq: AAPL) iPhone Creates Security Concern (English article)
Headphone Maker Beats Sues Chinese Counterfeiters For $135 Bln (English article)
The following press releases and media reports about Chinese companies were carried on January 29. To view a full article or story, click on the link next to the headline.
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SEC, Deloitte Resolve Dispute Over Longtop Audit Work Papers (English article)
