The following press releases and media reports about Chinese companies were carried on October 10-12. To view a full article or story, click on the link next to the headline.
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China Resources Unit to Sell Wal-Mart (NYSE: WMT) China Store Stakes for $525 Mln (English article)
The following press releases and media reports about Chinese companies were carried on January 29. To view a full article or story, click on the link next to the headline.
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China Regulator Blasts Alibaba (NYSE: BABA) For Illegal Business On Its Websites (English article)
Qualcomm Doesn’t Pay Fine, Defends Self In China Anti-Trust Probe (Chinese article)
Bottom line: Wanda chief Wang Jianlin could purchase a controlling stake in MGM as he looks to take over a Hollywood studio, while his Wanda Dalian property IPO will get a tepid reception but perform well over the longer term.
Property magnate Wang Jianlin is used to getting what he wants, but 2 new headlines indicate his Wanda Group may have to settle for compromise in a pair of its latest forays, one involving a Hong Kong IPO and the other involving his desire to purchase a major Hollywood studio. The former headline has Wang reportedly scaling back plans for a mega IPO in Hong Kong for Dalian Wanda, his group’s flagship property arm. The second and more intriguing news item has him seeking to buy a controlling stake in a major Hollywood studio, with Lions Gate (NYSE: LGF) and MGM mentioned as 2 possible candidates. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 3. To view a full article or story, click on the link next to the headline.
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Wanda Group In Talks to Buy Lions Gate (NYSE: LGF), MGM in Hollywood Push (English article)
21Vianet (Nasdaq: VNET) Gets $296 Mln From Kingsoft, Xiaomi and Temasek (Globe Newswire)
Wal-Mart (NYSE: WMT) Cuts Another 250 China Jobs, Shuts Dalian Office (English article)
New reports are saying that Alibaba (NYSE: BABA) CEO Jack Ma, flush with cash just weeks after his company’s blockbuster New York IPO, is headed to Hollywood to talk deals with the industry’s top players. The reports focus mostly on the potential for new content-purchasing deals, as Alibaba looks for a spot in China’s booming market for movies and online video. But what caught my attention was a brief mention in the reports that Ma may be looking for something bigger on his trip, namely a stake in a major or mid-sized Hollywood studio. Read Full Post…