The following press releases and media reports about Chinese companies were carried on October 1-6. To view a full article or story, click on the link next to the headline.
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iPhone 6 & iPhone 6 Plus Available In China On Friday, October 17 (Businesswire)
Alibaba (NYSE BABA) Makes Investment in Shiji Information Technology (Businesswire)
New Oriental (NYSE: EDU) Announces Completion Of SEC Investigation (PRNewswire)
I’m quickly getting tired of writing so much about the flood of new initiatives coming from Internet leaders Alibaba and Tencent (HKEx: 700), which is why I’m combining the latest word of new tie-ups for both into a single posting today. Frankly speaking, both of these initiatives look quite interesting and a year ago I would have done a separate posting and analysis for each. But these latest alliances look less interesting in the current frenzy of similar new announcements. One will see Alibaba partner with appliance maker Midea (Shenzhen: 000333), and the other Tencent and educational services provider New Oriental (NYSE: EDU). Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 19. To view a full article or story, click on the link next to the headline.
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Tencent (HKEx: 700), New Oriental (NYSE: EDU) In Online Education JV – Sources (English article)
Unicom (HKEx: 762) Announces 4G Plans Starting At 76 Yuan Per Month (Chinese article)
Online Classifieds Site Ganji Very Profitable, Considering IPO – CEO (Chinese article)
Yingli Green Energy (NYSE: YGE) Reports Q4 and Full Year 2013 Results (PRNewswire)
ZTE (HKEx: 763) Wins Final Ruling from US ITC in FlashPoint Case (Businesswire)
The following press releases and media reports about Chinese companies were carried on February 18. To view a full article or story, click on the link next to the headline.
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New Oriental (NYSE: EDU) Spins Off Online Education Business – Memo (English article)
Autohome founder Li Xiang remembers childhood accident
In this final edition of my weekly microblog column from the Year of the Snake, I thought I’d step back from all the promotional hype I usually write about and look at the more ordinary and often revealing moments from some of China’s top tech executives. This week we look at some of the quieter and more everyday thoughts from top officials at newly listed Autohome (NYSE: ATHM), educational services firm New Oriental (NYSE: EDU) and professional networking site LinkedIn (Nasdaq: LNKD). Such personal moments not only offer insight to some of these top executives and how they think, but also seem like an appropriate way to end the lunar year as everyone heads home for family reunions. Read Full Post…
The following press releases and media reports about Chinese companies were carried on January 22. To view a full article or story, click on the link next to the headline.
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Tiger Global Snaps Up Alibaba Shares At Lofty Valuation (English article)
Qihoo 360 (NYSE: QIHU) Announces Resignation Of 2 Board Members (PRNewswire)
Shuanghui International Changes Name To WH Group (Businesswire)
New Oriental (NYSE: EDU) Announces Unaudited Fiscal Q2 Results (PRNewswire)
Citic Securities (HKEx: 6030) Gives Preliminary Financial Data For 2013 (HKEx announcement)
The following press releases and media reports about Chinese companies were carried on October 24. To view a full article or story, click on the link next to the headline.
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Samsung (Seoul: 005930) Apologizes To Chinese Consumers For Faulty Phones (Chinese article)
Chinese Lottery Leader 500.com Files for US IPO (English article)
HNA Group Completes Acquisition of GE Capital’s TIP Trailer Services Group (Businesswire)
Alibaba’s TMall Announces Same-Day Delivery Service (English article)
New Oriental (NYSE: EDU) Announces Unaudited Quarterly Results (PRNewswire)
After a painful retrenchment over the last 2 years, China’s private education sector is showing early signs of a brighter future in the latest upbeat results of TAL Education (NYSE: XRS). The company not only posted growth that was solidly higher than its previous guidance, but also forecast an acceleration of that growth in the current quarter as it begins to reap the rewards of an overhaul that has produced a leaner, more focused company. The positive results prompted 2 major research houses to raise their price targets for the company, hinting that a new period of growth could be coming for long-neglected China education stocks. Read Full Post…
The following press releases and media reports about Chinese companies were carried on July 24. To view a full article or story, click on the link next to the headline.
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Tencent (HKEx: 700) Invests in Xiaomi via Russia’s Digital Sky – Sources (English article)
US Citizen Detained As China Pharma Probe Spreads (English article)
More than a month after I predicted that education services provider New Oriental (NYSE: EDU) could become the next US-listed Chinese company to privatize, media are buzzing with comments and other rumors that indicate such a bid could indeed be in progress. I made my remarks in late April after New Oriental reported relatively solid quarterly results that failed to impress US investors who have become wary of many Chinese companies after a series of accounting scandals. (previous post) That lack of investor appreciation has led a growing number of US-listed Chinese companies to launch privatization bids, and I predicted that New Oriental could become one of the next to joint that list. Read Full Post…
I have to extend my sympathies to education services provider New Oriental (NYSE: EDU), which seems unable to earn any respect from US investors these days. The company has just reported earnings that look quite respectable to me, after being exonerated last year by the US securities regulator over potentially problematic accounting. And yet despite all that good news, investors have greeted this latest earnings report largely with indifference, leading me to speculate that New Oriental could soon join a growing list of US-traded Chinese firms to privatize. Read Full Post…
