The following press releases and media reports about Chinese companies were carried on September 6-9. To view a full article or story, click on the link next to the headline.
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Alibaba Sets IPO Price Range Of $60-$66, To Raise Up To $24.3 Bln (Chinese article)
SAIC: E-Commerce Firms Face Fines Up To 500,000 Yuan For Fake Transaction Reporting (Chinese article)
China Mobile (HKEx: 941) Completes Purchase Of 18 Pct Of Thailand’s True Corp (HKEx announcement)
China AutoRental To List In HK On September 19, Raise Up To $468 Mln (Chinese article)
LightInTheBox (NYSE: LITB) Settles Class Action Lawsuit (PRNewswire)
It’s rare that one issue dominates the blogosphere among the many tech executives who like to tweet about their companies on their microblog accounts. But the past week saw one such debate occur around a spat between 2 old friends in the smartphone space. In one corner was Luo Yonghao, a well-known English teacher who has recently moved into the highly competitive smartphone space. In the other was Wang Ziru, a self-styled gadget critic who has become quite influential. As many might guess, the debate centered on a recent critical review by Wang for Luo’s newly launched smartphone model under his Smartisan brand.
While the Luo-Wang spat kept the blogosphere well supplied with musings from a wide range of tech executives, a few other tidbits also provided some intriguing hints of things to come at other leading tech names. A couple of posts from Qihoo 360 (NYSE: QIHU) CEO Zhou Hongyi suggested that a major restructuring could be on the way; and separate musings from an executive at e-commerce giant JD.com (Nasdaq: JD) also hinted at potential similar moves. Read Full Post…
Following last week’s flood of quarterly earnings announcements by many of China’s top tech names, this week many second-tier players are reporting results that are decidedly mixed. Real estate looked surprisingly strong in the earnings reports of E-House (NYSE: EJ) and its newly listed Leju (NYSE: LEJU) unit, while e-commerce and online video looked weaker in the results of LightInTheBox (NYSE: LITB) and newly listed Xunlei (Nasdaq: XNET). Whereas shares of the Internet giants showed little reaction to their results last week, most of these second-tier names showed much bigger movement this week, probably reflecting thinner trading of their stocks by more short-term buyers. Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 28-30. To view a full article or story, click on the link next to the headline.
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China Telecom, Unicom Get 4G FDD-LTE Trial Licences In 16 Cities (English article)
Tencent (HKEx: 700) Invests $736 Mln For 19.9 Pct Of 58.com (NYSE WUBA) (company announcement)
Trina (NSYE: TSL) CEO Elected First President of New China Photovoltaic Industry Assn (PRNewswire)
New Energy Car Sales Rise 10-Fold, Turning Point Seen For BYD (HKEx: 1211) (Chinese article)
The following press releases and media reports about Chinese companies were carried on June 18. To view a full article or story, click on the link next to the headline.
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Search Engines Halt P2P Platform Promotion (Chinese article)
Volvo’s China Export Plans Mark New Phase In Geely (HKEx: 175) Strategy (English article)
Yingli Green Energy (NYSE: YGE) Reports Q1 Results (PRNewswire)
LightInTheBox (NYSE: LITB) Announces Resignations Of President, Senior VP (PRNewswire)
Citic Adds Investors Including Tencent (HKEx: 700), Och-Ziff to Share Sale (English article)
It seems that e-commerce giant JD.com’s decision to move slowly with its massive IPO was a good one, with word that the company’s shares have priced quite strongly in their long march to market . JD made its first public filing for a New York IPO back in early February, meaning the process of listing will have taken more than 3 months when its shares start trading on Thursday. That’s a long time in any market, and especially long for the current one where investor sentiment towards Chinese Internet IPOs was rapidly fading. Read Full Post…
The following press releases and media reports about Chinese companies were carried on January 28. To view a full article or story, click on the link next to the headline.
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Shanda Games (Nasdaq: SNDA) Announces Receipt Privatization Offer (PRNewswire)
Tencent (HKEx: 700) WeChat Pushes into US, Promotes Linking to Google (English article)
LightInTheBox (NYSE: LITB) Announces Resignation Of CFO (Businesswire)
TAL Education (NYSE: XRS) Makes Strategic Investment In Babytree (PRNewswire)
Suntech (NYSE: STP) Announces New Acting CFO And Board Member (PRNewswire)
Leading domestic dairy company Mengniu (HKEx: 2319) and e-commerce company LightInTheBox (NYSE: LITB) are in the headlines with new foreign tie-ups, including a joint venture for the former and a modest acquisition for the latter. I personally find the Mengniu development more interesting and significant, as it marks the latest move in the company’s drive to become China’s leading dairy products maker and positions it for an eventual global expansion. But investors were much more excited by the LightInTheBox move, which sparked a major rally for the firm’s languishing shares. Read Full Post…
The following press releases and media reports about Chinese companies were carried on January 7. To view a full article or story, click on the link next to the headline.
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WhiteWave Foods (NYSE: WWAV) To Form JV With Mengniu (HKEx: 2319) (Businesswire)
Unicom (HKEx: 762) Vice President Li Gang Resigns To Join VNO Licensee (Chinese article)
The following press releases and media reports about Chinese companies were carried on December 17. To view a full article or story, click on the link next to the headline.
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Renault (Paris: RENA) Signs $1.3 Bln JV Deal with Dongfeng (HKEx: 489) (English article)
More mixed signals are coming from the IPO space, with listing candidate 500.com raising the price range for its shares indicating that demand is better than previously thought. The lifting of the range for its American Depositary Shares (ADSs) comes just a day after 2 recently listed Internet companies, Qunar (Nasdaq: QUNR) and LightInTheBox (NYSE: LITB), announced new quarterly results that showed both were losing money. In what could be another piece of IPO news, Internet aspirant Suning (Shenzhen: 002024) has made a high profile move outside China by opening an R&D center in the US, leading me to speculate that perhaps the company could be eying an offshore IPO in the next year or two. Read Full Post…
