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Tag Archives: iQiyi
iQiyi, is China’s leading advertising supported online television and movie portal.
Overview of the expert of Chinese high Tech company expert Doug Young
The week ahead could be a rough one for Chinese online video stocks, with word that the government agency in charge of screening content has ordered the removal of 4 popular US television series from services including Youku Tudou (NYSE: YOKU) and Tencent Video (HKEx: 700). Word has circulated for the last few weeks that this kind of a move might be coming, but this looks like the official launch of a new rule that will make these fast-growing video sites subject to the same strict censorship rules that apply to all foreign movies, TV shows, music and other published material entering China. That could mean headaches for the video site operators, which in all fairness do increasingly look like TV station operators. Read Full Post…
In a move that seemed almost inevitable, leading online video site Youku Tudou (NYSE: YOKU) and top telecoms equipment maker Huawei have joined hands to create a set-top box for Internet TV, with plans to launch the product later this month. I’m calling the move inevitable, because Youku Tudou was one of China’s only major online video sharing services that had yet to launch an Internet TV initiative, and Huawei was one of the few remaining hardware makers without such a plan. This alliance looks potentially interesting as it combines 2 leaders in their respective areas, though their relatively late arrival to the game could put them at a slight disadvantage. Read Full Post…
Just a half year after pooling their online search assets, leading web firm Tencent (HKEx: 700) and the much smaller Sohu (Nasdaq: SOHU) are reportedly in talks to also merge their video businesses amid a broader wave of consolidation sweeping China’s Internet. I have some doubts about whether this new deal will happen for reasons I’ll explain shortly, though I’m far less skeptical now than I would have been at this time a year ago. If such a deal does happen, it could mark the latest step in what could become Tencent’s eventual acquisition of Sohu, one of China’s oldest Internet companies. Read Full Post…
A couple of Internet M&A deals are in the news as we head into the final days before the Lunar New Year, with word that leading search engine Baidu (Nasdaq: BIDU) has purchased more of group buying site Nuomi, while top Internet company Tencent (HKEx: 700) may be eying restaurant ratings site Dianping. The first deal could reflect a new pattern for Baidu, which has mostly bought controlling stakes but made few outright acquisitions in its recent spree of major purchases. Meantime, the latter deal would look good for Tencent if it was really happening, though I have major doubts about whether it is. Read Full Post…
It seems quite appropriate that we’re ending 2013 with word of yet another acquisition and New York IPO plan in China’s Internet space by leading search site Baidu (Nasdaq: BIDU), capping a year that will go down as the most active for Chinese online M&A in the sector’s short but colorful history. It’s certainly appropriate that Baidu’s name is connected to both of these final news bits for the year, since the company and e-commerce leader Alibaba were the 2 most active drivers of this year’s M&A wave. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 28-30. To view a full article or story, click on the link next to the headline.
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China’s 4G Users To Reach 30 Mln in 2014 – Regulator (Chinese article)
Perfect World (Nasdaq: PWRD) Sells Chinese Online Reading Unit To Baidu (Nasdaq: BIDU) (PRNewswire)
Oceanwide Real Estate (Shenzhen: 000046) To Spend $200 Mln On First US Project (Chinese article)
GM (NYSE: GM) Recalls 1.5 Mln Cars In China Over Fuel Pump Bracket (English article)
Boosted by the big success of the IPO for its money-losing Qunar (Nasdaq: QUNR) online travel unit, Internet search leader Baidu (Nasdaq: BIDU) is reportedly aiming to test investor appetite for a similar offering next year for its loss-making iQiyi online video unit. Frankly speaking, I don’t think this plan looks very good for a number of reasons, led by the fact that money-losing firms aren’t very attractive in general to investors. Qunar has been the only money-loser of 5 Chinese tech companies to make New York IPOs in the last 2 months, and I wouldn’t be at all surprised if investors were attracted to the firm chiefly for its strong ties to Baidu, its controlling stakeholder. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 18. To view a full article or story, click on the link next to the headline.
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Amazon (Nasdaq: AMZN) Cloud Web Services Enters China In New Tie-Up (Chinese article)
In what looks like a highly coordinated ambush, a group of China’s top online video sites have teamed up with Hollywood to sue Internet search leader Baidu (Nasdaq: BIDU) for video piracy. This is the first time I can recall seeing big western names team up with Chinese companies to launch such a major lawsuit, creating not only legal headaches but also a huge wave of negative publicity for Baidu. The action also comes as Baidu makes a series of major moves in the online video space in a bid to challenge industry leader Youku Tudou (NYSE: YOKU), which is also one of the co-plaintiffs in this new lawsuit. Read Full Post…
The following press releases and media reports about Chinese companies were carried on November 12. To view a full article or story, click on the link next to the headline.
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Alibaba Transaction Volume Reaches 35 Bln Yuan On Nov 11 Singles Day (Chinese article)
Temasek, Hopu Buy $213 Mln Stake In Chinese Dairy Maker (English article)
After shopping around for an investor for much of this year, money-losing video sharing site PPTV has finally found a new patron in retailing giant Suning (Shenzhen: 002024). I’m quite happy to see this latest development in China’s rapidly consolidating online video space, as it means I can finally stop writing about all the latest rumors that have popped up for the last 6 months surrounding PPTV. Rumors of this particular tie-up first emerged about a month ago (previous post), and I’ll admit that this deal doesn’t look particularly attractive to me. Read Full Post…
