For the latest news on U.S.- and Hong Kong-traded Chinese stocks, visit our new Bamboo Works site.
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
In the latest signal of the growing popularity of Internet TV, leading search engine Baidu (Nasdaq: BIDU) is reportedly preparing a tie-up in the space to promote its iQiyi online video service with top domestic TV maker TCL Multimedia (HKEx: 1070). The rapid growth in this area over the last year has been quite interesting to watch, as a number of major private companies have been piling into the space with new Internet-based offerings in a bid to challenge China’s notoriously slow and uncreative traditional TV sector. Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 28. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════x
China Investigates More Top PetroChina (HKEx: 857) Executives Over Corruption (English article)
There’s lots to say about word that Internet portal operator Sohu (Nasdaq: SOHU) is selling its Sogou search unit to industry leader Baidu (Nasdaq: BIDU), starting with the strong possibility that this latest in a sudden string of rumors about Sogou may be true. Sogou’s chief executive has already said publicly the unit was for sale, naming Baidu as one of the leading bidders. The only slight contradiction in the mix comes from comments by Charles Zhang in an interview late last week, which I’ll return to shortly. Read Full Post…
A new crackdown on Chinese websites that traffic in pirated material is coming as welcome news to China’s struggling online video sharing sector, where companies are still struggling to find success in a tough market. But while it’s easy to blame the pirates for their woes, China’s money-losing video sharing sites are also simply victims of choosing a sector where earning profits is extremely difficult if not impossible. That reality is reflected in the fact that sector pioneer YouTube still struggles to earn money, even some eight years after it was first established. Read Full Post…
Local media have been buzzing these past few days with word that online search leader Baidu (Nasdaq: BIDU) is on the cusp of clinching a deal to buy video sharing site PPS, in a move that would instantly create a solid new number-two player in China. The only problem is that this space is turning out to be a very difficult one to earn money, as reflected by an unrelated new interview showing profits could still be years away for money-losing industry leader Youku Tudou (NYSE: YOKU). Read Full Post…
