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.
══════════════════════════════════════════════
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)
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.
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…
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.
══════════════════════════════════════════════════════
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)
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.
══════════════════════════════════════════════════════
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)
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.
══════════════════════════════════════════════════════
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)