Tag Archives: Jingdong

News Digest: March 11, 2014

The following press releases and media reports about Chinese companies were carried on March 11. To view a full article or story, click on the link next to the headline.
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  • JD.com Rolls Out Financial Product Similar To Yu’ebao To Boost IPO (Chinese article)
  • E-House (NYSE: EJ) Announces Leju’s Plan For Proposed IPO (PRNewswire)
  • Home Inns (Nasdaq: HMIN) to Acquire Yunshang Siji Hotel Management Co (PRNewswire)
  • ZTE (HKEx: 763), The9 (Nasdaq: NCTY) to Release Game Console – Source (English article)
  • Ackman To Renew Attack On Herbalife (NYSE: HLF) With Aim On China Business (English article)
  • Latest calendar for Q4 earnings reports (Earnings calendar)

Dangdang Disappoints With New Yhd Tie-Up

Dangdang in new tie-up with Yhd

If I was a shareholder in e-commerce firm Dangdang (NYSE: DANG), I would definitely sell my stock after hearing about the company’s latest announcement of a tie-up with Walmart-backed (NYSE: WMT) Yhd.com. I personally wasn’t surprised by the nature of the tie-up, which will see the pair cross-promote each others’ services, even though I was a bit disappointed that there was no equity exchange.  Dangdang had previously confirmed it would announce a tie-up after rumors of an alliance first appeared a few weeks ago. This kind of hype followed by disappointment is quite typical of Dangdang’s co-founder and CEO Li Guoqing, whose fierce independence could ultimately lead to the marginalization or even death of his company. Read Full Post…

Dangdang, Youku Tudou Dress Up In Black

Dangdang swings back to black

Two of China’s older Internet names, e-commerce firm Dangdang (NYSE: DANG) and leading video sharing site Youku Tudou (NYSE: YOKU), are showing just how important profits have become for their investors, with shares of each posting big gains after reporting moves into the black after years of losses. In the case of Youku Tudou, the company didn’t actually report a net profit, but said it moved into the profit column on an operating basis in last year’s fourth quarter. Dangdang was more definitive, posting its first net profit since sinking into the red 2 years ago when competition in China’s e-commerce sector first began heating up. Read Full Post…

Tencent/JD, Yihaodian/Dangdang Tie-Ups Advance

Unions loom for Tencent-JD, Yihaodian-Dangdang

I don’t usually write about the same news twice in a single week, but in this case reports with new details on looming tie-ups involving 4 of China’s top e-commerce firms seem to justify an update. In the larger of the deals, the latest reports say top Internet firm Tencent (HKEx: 700) is nearing a deal that would see it buy 6-20 percent of JD.com, forging a partnership that would create a major new e-commerce contender to rival industry leader Alibaba. In the second update, 2 smaller e-commerce firms, Yihaodian and Dangdang (NYSE: DANG), have confirmed earlier reports that they will announce a major alliance early next month. Read Full Post…

Institutional Investor Interest Rises As Yale Eyes Gree

Yale eyes Gree investment

Earlier this week I made a disclaimer about personal ties when I wrote about the latest privatization of a US-listed Chinese firm, and now I’ll make a similar disclaimer for this post about the latest talk of a strategic investment by Yale University in home appliance maker Gree (Shenzhen: 000651). My personal interest in the story comes from the fact that I graduated from Yale many years ago, so anytime I see news of its activities in China I’m naturally interested. But if it’s true, this case could also hint that conservative big western institutional buyers may be eying more direct investments in China. Word of this deal follows news of a similar investment last year by a major western pension fund in JD.com, China’s second largest e-commerce company. Read Full Post…

News Digest: February 21, 2014

The following press releases and media reports about Chinese companies were carried on February 21. To view a full article or story, click on the link next to the headline.
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  • Tencent (HKEx: 700) In Talks For 6 Pct Of JD.com, No Agreement Yet (Chinese article)
  • InterDigital (Nasdaq: IDCC) Says Won’t Charge High Royalty Fees To Chinese Firms (Chinese article)
  • Genetically Modified Ingredients Found In KFC (NYSE: YUM) Soy Milk (Chinese article)
  • 51job (Nasdaq: JOBS) Reports Q4, Fiscal Year 2013 Financial Results (PRNewswire)
  • Yale University Fund To Buy Stake In Gree (Shenzhen: 000651) – Sources (Chinese article)
  • Latest calendar for Q4 earnings reports (Earnings calendar)

E-Commerce Tie-Ups: Tencent-Jingdong, Dangdang-Yihaodian

Tie-up talk swirls around Tencent-JD.com, Dangdang-Yihaodian

It’s a new day on the Chinese Internet, which is as good an excuse as any to talk about rumors of the latest tie-ups in the overheated e-commerce space. One of the latest pieces of gossip has a partnership taking shape between JD.com and Tencent (HKEx: 700), China’s second and third largest e-commerce operators. The other has an alliance forming between Dangdang (NYSE: DANG) and Yihaodian, 2 smaller players at the bottom of the list of the country’s top 10 e-commerce firms. I’ll offer my own guess that there’s a 50-50 chance the first rumor is true, while chances of Dangdang-Yihaodian tie-up look much smaller, perhaps around 20 percent. Read Full Post…

News Digest: February 19, 2014

The following press releases and media reports about Chinese companies were carried on February 19. To view a full article or story, click on the link next to the headline.
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  • Alibaba to Increase Sina (Nasdaq: SINA) Microblog Stake To 30-50 Pct – Source (English article)
  • Samsung (Seoul: 005930) Leads Smartphone Sellers In China In Q4 – IDC (Chinese article)
  • Tencent (HKEx: 700), Jingdong Ink Investment Deal – Source (English article)
  • China Trust Investors Demand Funds From ICBC (HKEx: 1398) After Bailout (English article)
  • Court Clears Sale Of Hybrid Car Maker Fisker To China’s Wanxiang (English article)
  • Latest calendar for Q4 earnings reports (Earnings calendar)

Jumei Eyes $600 Mln IPO, JD’s Liu Eyes Rich List

Cosmetic seller Jumei.com readies for IPO

The pace of new Internet IPOs coming out of China continues to build up steam, with word that yet another e-commerce company has hired investment banks for a mega offering to raise up to $600 million. The move by Jumei.com, an online seller of cosmetics, comes just a week after JD.com, China’s second largest e-commerce firm, made its first public filing for a New York IPO to raise up to $1.5 billion. A new separate report is now saying that JD.com founder and chief executive Liu Qiangdong could enter the realm of China’s richest men following the offering, with his stake in the company expected to give him a net worth of up to $7 billion. Read Full Post…

News Digest: February 14, 2014

The following press releases and media reports about Chinese companies were carried on February 14. To view a full article or story, click on the link next to the headline.
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Weibo: China Tech Execs Work, Play In US Over New Year

China tech execs spend holidays in US

China was closed for much of last week, but that didn’t some of its top tech executives from emitting a steady stream of tweets on their microblogs regaling followers with tales of their travels over the Lunar New Year holiday. The US emerged as the travel destination of choice for many who favored a destination that has been quite generous towards their sector over the last few months.

Regular tech readers will know I’m talking about the huge success of 5 major Chinese Internet IPOs in New York, many of which have nearly doubled in value since their trading debuts in the last 2 months of 2013. Executives at JD.com, China’s second largest e-commerce company, are hoping to ride that wave of positive sentiment with another New York IPO this year. That pending deal saw one JD.com executive complain of having to take part in a late-night teleconference during the Lunar New Year holiday that I suspect was connected to that upcoming listing. Read Full Post…