Tag Archives: Oriental Pearl

News Digest: December 19-21, 2015

The following press releases and media reports about Chinese companies were carried on December 19-21. To view a full article or story, click on the link next to the headline.
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  • Apple (Nasdaq: AAPL), Samsung to Enter China Payments Market With UnionPay (English article)
  • Qihoo 360 (NYSE: QIHU) Enters into Definitive Agreement for Going Private (PRNewswire)
  • Microsoft (Nasdaq: MSFT) Unveils Plans for China Joint Venture (English article)
  • Amazon (Nasdaq: AMZN), Oriental Pearl in Cloud Computing Partnership (Chinese article)
  • BOCI (HKEx: 3988) Sells Nanyang Commercial Bank to Cinda for HK$68 Bln (HKEx announcement)

MEDIA: SMG Challenges LeTV, Xiaomi with MTC Buy

Bottom line: Oriental Pearl’s new purchase of a stake in a set-top box and TV maker is part of a broader series of recent moves that could help position it to emerge as a viable rival to China’s private online video companies.

SMG buys into TV maker MTC

State-run broadcaster Shanghai Media Group (SMG) is wasting no time telling the world who it sees as its main rivals, with word that the company is buying a major stake in a TV and set-top box maker after completing an overhaul of its own digital TV assets. Anyone who follows the industry will know that the high-flying LeTV (Shenzhen: 300104) appears to be the major target of this new SMG tie-up, which is seeing the company’s newly launched Oriental Pearl (Shanghai: 600637) digital video unit purchase a major stake in a Shenzhen-listed company called MTC (Shenzhen: 002429) for 2.2 billion yuan ($350 million). Read Full Post…

News Digest: June 20-23, 2015

The following press releases and media reports about Chinese companies were carried on June 20-23. To view a full article or story, click on the link next to the headline.
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  • SMG’s Oriental Pearl (Shanghai: 600637) Enters Internet TV After Reorganization (Chinese article)
  • Sina (Nasdaq: SINA) Joins Consortium in E-House (NYSE: EJ) Privatization Plan (PRNewswire)
  • Hershey (NYSE: HSY) Cuts Annual Profit Forecast After China Growth Slows (English article)
  • JD.com (Nasdaq: JD) Responds to Short Seller Attack, Calls Report Misleading (Chinese article)
  • AirMedia (Nasdaq: AMCN) Announces Receipt of  “Going Private” Proposal (PRNewswire)

News Digest: November 22-24, 2014

The following press releases and media reports about Chinese companies were carried on November 22-24. To view a full article or story, click on the link next to the headline.
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  • Youku Tudou (NYSE: YOKU), Xiaomi Get VNO Licenses In 4th Round Of Awards (Chinese article)
  • Disney (NYSE: DIS) Expands Shanghai Media Group (SMG) Partnership To TV (Englisha article)
  • Alibaba (NYSE: BABA) Flippers Eke Out $11.5 Mln Gain In Bond Debut (English article)
  • Oriental Pearl, BesTV Complete Merger, Become SMG’s Internet Flagship (Chinese article)
  • Los Angeles Mayor Presses China To Allow More Hollywood Films (English article)
  • Latest calendar for Q3 earnings reports (Earnings calendar)

News Digest: September 26, 2014

The following press releases and media reports about Chinese companies were carried on September 26. To view a full article or story, click on the link next to the headline.
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  • China Mobile (HKEx: 941) Expands Number Portability Pilot To 5 Provinces (Chinese article)
  • China Detains 2 Executives At Embattled Business Newspaper (English article)
  • Alibaba (NYSE: BABA) To Invest In Merged BesTV+Oriental Pearl Media Firm (English article)
  • Master Kong (HKEx: 322) Prepares To Sue China Business News Over False Story (Chinese article)
  • PetroChina (HKEx: 859) Exec Exposed For Buying Luxury Goods With Company Fund (Chinese article)