A couple of tie-ups from the hot smartphone space are making headlines these last few days, with up-and-comer Xiaomi and fast-fading global giant Nokia (Helsinki: NOK1V) both looking to Internet partners to boost their prospects. The first of the tie-ups will see Xioami partner with leading Internet portal Sina (Nasdaq: SINA) to sell Xiaomi’s second-generation smartphones online. Meantime, Nokia is tying up with Jingdong Mall, China’s second largest e-commerce firm, in a bid to reverse its downward slide in the world’s largest mobile market.
Tag Archives: Jingdong Mall
Amazon Turns Up China Press With Kindle 亚马逊在华上线Kindle电子书店
Media are buzzing with the latest news on Amazon (Nasdaq: AMZN) in China, which is turning up the heat in the country’s overheated e-commerce space with the opening of a store on its Chinese site selling electronic books for its Kindle tablet PCs. (English article; Chinese article) Since Kindle products are not yet available in China, the site also offers free software that allows consumers to read Kindle-formatted books using other devices, including Apple (Nasdaq: AAPL) smartphones and tablet PCs, and similar devices based on Google’s (Nasdaq: GOOG) popular Android operating system.
Google Quits E-Commerce, Jingdong 谷歌关闭中国购物搜索 京东投资云计算
Several e-commerce items are in the headlines today, including Google’s (Nasdaq: GOOG) latest retreat in China as it shutters its Chinese online shopping search service. At the same time, domestic players Jingdong Mall and Suning are continuing their aggressive expansion, with the former pouring big new money into cloud-based services as the latter launches a major initiative based in its new chain of brick-and-mortar superstores. The common theme to all of these news bits is that e-commerce remains an incredibly competitive business in China, and is likely to remain that way for at least the next year or 2 until cash-rich companies fighting for supremacy in the space finally tire of losing massive amounts of money.
News Digest: December 13 报摘： 2012年12月13日
The following press releases and media reports about Chinese companies were carried on December 13. To view a full article or story, click on the link next to the headline.
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- China Adds $1.1 Bln More In Subsidies To Solar Sector – Xinhua (English article)
- Jingdong Mall to Invest 4 Bln Yuan in Cloud Computing Centers (English article)
- Suning (Shenzhen: 002024) to Launch Online-Offline Expo Superstore in Nanjing (English article)
- Ku6 Media (Nasdaq: KUTV) Becomes $1 Stock, CEO Says Won’t De-List (Chinese article)
- Starbucks (Nasdaq: SBUX) Opens First Farmer Support Center in Yunnan (Businesswire)
China Wine Plays: Oversaturation? 中国红酒电商：“跟风潮”来袭？
Two news bits from the wine sector are making headlines, shining a spotlight on this hot industry whose fast growth is being fueled by millions of new middle class Chinese who are willing to pay big money for premium products like wine and coffee. But these latest 2 deals also reflect intensifying competition in a sector that could easily become the next bloody battlefield for over-eager Chinese start-ups, resulting in big losses and ultimately an ugly consolidation.
News Digest: December 5 报摘： 2012年12月5日
The following press releases and media reports about Chinese companies were carried on December 5. To view a full article or story, click on the link next to the headline.
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- US Charges ‘Big Four’ Accountants Over China (English article)
- ZTE (HKEx: 763) Forms Strategic Tie-Up With China Development Bank (HKEx announcement)
- Nokia (Helsinki: NOK1V), China Mobile (HKEx: 941) In Lumina 920 Deal -Source (English article)
- Tencent (HKEx: 700) Microblog Adds Intelligent Keyword Search Feature (English article)
- Jingdong Mall, Winekee Partner with French Wine Estates (English article)
News Digest: November 29 报摘： 2012年11月29日
The following press releases and media reports about Chinese companies were carried on November 29. To view a full article or story, click on the link next to the headline.
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- CNOOC (HKEx: 883), Nexen (Toronto: NXY) Reapply For US Deal Approval (English article)
- Yingli (NYSE: YGE) Announces Largest Module Supply Contract in Company History (PRNewswire)
- Vancl Reduces Workforce Ahead of IPO (English article)
- Jingdong Mall Obtains 5 Bln Yuan in Credit for Supplier Financing (English article)
- Shanda Cloudary Aims For April 2013 IPO, Hires Merrill As Underwriter (Chinese article)
IPOs: New Noise From Xunlei, Jingdong 迅雷看看、京东商城或明年上市
New noises are coming from online video site Xunlei and e-commerce giant Jingdong Mall that indicate a US or Hong Kong IPO or other equity sale may be coming soon, as each looks for new cash to fund its money-losing operations. But that said, the latest signals from these 2 Internet companies indicate that neither will be able to tap a rare window in the offshore IPO market that appeared last week when commercially-focused social networking site YY (Nasdaq: YY) made the first successful public offering by a Chinese firm in New York in more than a year. (previous post)
News Digest: November 24-26 报摘： 2012年11月24-26日
The following press releases and media reports about Chinese companies were carried on November 24-26. To view a full article or story, click on the link next to the headline.
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- China Eastern (HKEx: 670) Seals $5.4 Bln Deal To Buy 60 A320s (English article)
- Xunlei to Spin Off Online Video Business for IPO – Source (English article)
- Alibaba, Sina (Nasdaq: SINA) Continue Partnership Talks – Source (English article)
- SAP (Frankfurt: SAP) Plans Shanghai Listing (Chinese article)
- Jingdong Mall CEO Says Sales to Reach 60 Bln Yuan This Year, Achieve Profit in 2013 (Chinese article)
News Digest: November 20 报摘： 2012年11月20日
The following press releases and media reports about Chinese companies were carried on November 20. To view a full article or story, click on the link next to the headline.
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- HSBC (HKEx: 5) In Talks To Sell $9.3 Bln China Ping An (HKEx: 2318) Stake (English article)
- Jingdong Mall Launches Online Music Service (English article)
- MIIT to Release Plan for Trial Private Investment in Telecom Sector (English article)
- Qihoo 360 (NYSE: QIHU) Reports Q3 Unaudited Results (PRNewswire)
- Total (Paris: TOTF) Sells $2.5 Bln Nigeria Oil Field Stake to Sinopec (HKEx: 386) (English article)
Dangdang: Past the Worst? 当当：渡过最坏时期？
A couple of interesting news bits are coming from the e-commerce space, led by the latest quarterly data from Dangdang (NYSE: DANG) that shows the worst may be past for this fast-fading sector pioneer. Meantime, we’re also getting new sales figures for the November 11 Singles Day holiday from Jingdong Mall, showing just how distant a second-place player the company is to sector-leader Alibaba.
