Tag Archives: Master Kong

China News Digest: September 28, 2016

The following press releases and news reports about China companies were carried on September 28. To view a full article or story, click on the link next to the headline.
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  • Lenovo (HKEx: 992) Cuts 1,000, Including More than Half of Motorola Staff (Chinese article)
  • Blizzard, NetEase (Nasdaq: NTES) Renew Operation Agreement in China (PRNewswire)
  • Paid Q&A Service Fenda Reappears After 47 Day Pause, Only Offers Medical Advice (Chinese article)
  • Starbucks (Nasdaq: SBUX), Master Kong in Tie-Up for Drinks from 10 Yuan (Chinese article)
  • Xiaomi Guns for Apple (Nasdaq: AAPL) With Latest Premium Smartphone (English article)

Chinese Media Exposed For Corporate Undermining

China Business News accused of false reporting

Major news items involving shenanigans at 2 of China’s top financial media are shining a spotlight on a phenomenon that doesn’t get much coverage in the west, but which is quite common in China and can often wreak havoc on companies’ stock prices. In one case, police have detained 2 top editors at the 21st Century Business Herald, one of China’s most respected financial newspapers, following an extortion scandal at the company’s website. In the other, leading instant noodle maker Master Kong, owned by Hong Kong-listed Tingyi (HKEx: 322), says it is preparing to sue the similarly prestigious China Business News for false reports that damaged its business. Read Full Post…

Pepsi-Tingyi Take Aim At Coke With Disney Win

PepsiCo inks deal with China Disneyland

I don’t usually pay much attention to sponsored articles in the Chinese media, but one such announcement today trumpeting a new contract win by PepsiCo (NYSE: PEP) and Taiwan’s Tingyi (HKEx: 322) caught my attention due to the implications for the Chinese beverage market, most notably for industry leader Coca Cola (NYSE: KO). The article, known in the west as “advertorial”, appeared in the English-language China Daily and touted a major new deal for Pepsi and Tingyi to supply drinks for Shanghai’s new Disneyland, which will open in 2015. Read Full Post…