Tag Archives: Mogujie

News Digest: January 12, 2016

The following press releases and media reports about Chinese companies were carried on January 12. To view a full article or story, click on the link next to the headline.
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  • China Media Capital Invests in ‘Star Wars’ Special Effects House Base FX (Chinese article)
  • Apple, Samsung supplier Biel Crystal plans $2 Bln HK IPO in 2016 – IFR (English article)
  • Uber Drives Into China Tourism Industry With HNA Group Tie-Up (English article)
  • Women’s Shopping Services Mogujie, Meilishuo Merge to Create $3 Bln Company (Chinese article)
  • ‘Star Wars: Force Awakens’ Breaks Records With $53 Mln China Debut (English article)

News Digest: May 24-26

The following press releases and media reports about Chinese companies were carried on May 24-26. To view a full article or story, click on the link next to the headline.
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  • ZTE, Huawei Win Bulk Of China Mobile’s 2nd Batch Of 4G Contracts -Sources (English article)
  • Video Sharing Site Xunlei Files To Raise Up To $100 Mln In New York IPO (Chinese article)
  • SNS Shopping Site Mogujie Lands $100 Mln In New Funding – Source (English article)
  • India Hits US, China With Solar Imports Anti-Dumping Duties (English article)
  • Chinese Carmaker BYD (HKEx: 1211) Offering $400m In New Shares (English article)
  • Latest calendar for Q1 earnings reports (Earnings calendar)

Alibaba Sees Sudden Urgency In SNS

Alibaba in major Laiwang push

I’ve been watching with interest this week as e-commerce leader Alibaba has discovered a sudden urgency to grow its business in the social networking (SNS) space, with founder Jack Ma leading the charge. In the last few days, media have reported that Alibaba has made a major new acquisition in the sector, and Ma is also trumpeting the importance of the company’s recently launched Laiwang instant messaging service that will compete with Tencent’s (HKEx: 700) hugely popular WeChat service. All this comes after Alibaba earlier this year signed a landmark agreement to buy a major stake in Sina’s (Nasdaq: SINA) Weibo service, often called the Twitter of China. Read Full Post…