A couple of smaller deals are in the headlines today, with smartphone sensation Xiaomi dipping its toe into the financial services market and online news portal Phoenix New Media (NYSE: FENG) eying the news feed business. Both deals are relatively small in terms of size, but each provides some interesting insight on the thinking at these 2 different companies in the tech and new media space. The first deal has Xiaomi joining a group of investors betting on a peer-to-peer (P2P) online lending platform called Jimu Box. The second has Phoenix investing in Particle Inc, maker of an app that lets users design personalized feeds to receive news over their mobile phones. Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 11. To view a full article or story, click on the link next to the headline.
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3 Domestic Cement Firms Probed By NDRC For Antitrust Violations (Chinese article)
Ctrip (Nasdaq: CTRP) Removes Hotel Products From Qunar (Nasdaq: QUNR) (English article)
Xiaomi Invests In P2P Lending Platform Jimu Box (Chinese article)
Apple’s (Nasdaq: AAPL) iPhone 6 To Go On Sale In China On September 26 (Chinese article)
Phoenix New Media (NYSE: FENG) Makes Strategic Investment In News Feed App Yidian (PRNewswire)
The following press releases and media reports about Chinese companies were carried on August 13. To view a full article or story, click on the link next to the headline.
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China Probes Threaten to Squeeze Foreign Profits (English article)
Shanghai GM (NYSE: GM) Admits To Coming Under Anti-Monopoly Investigation (Chinese article)
The following press releases and media reports about Chinese companies were carried on July 10. To view a full article or story, click on the link next to the headline.
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We’re getting a better picture of the latest online advertising trends with the recent release of earnings from 3 leading web portals, revealing a looming slowdown for names like Sina (Nasdaq: SINA), Sohu (Nasdaq: SOHU) and Phoenix New Media (NYSE: FENG). Sina and Sohu could offset the slowdown through growth in their newer businesses, which includes Sina’s Weibo microblogging service and Sohu’s search and video services. But everyone could also face more challenges from newcomers like Qihoo 360 (NYSE: QIHU), which is under intense pressure to start monetizing its highly-hyped and fast growing So.com search service. Read Full Post…
The following press releases and media reports about Chinese companies were carried on February 26. To view a full article or story, click on the link next to the headline.
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Apple (Nasdaq: AAPL) Sues Chinese Government Over Siri (English article)
Tencent (HKEx: 700) Video to Announce M&A Deal in H1 2014 – Source (English article)
Lenovo (HKEx: 992) Needs 4-6 Quarters To Turn Motorola Profitable – CEO (Chinese article)
Phoenix New Media (NYSE: FENG) Reports Q4 and Fiscal Year 2013 Results (PRNewswire)
China Mobile (HKEx: 941), France Telecom Develop TDD/FDD-LTE Smartphone (Chinese article)
The following press releases and media reports about Chinese companies were carried on May 15. To view a full article or story, click on the link next to the headline.
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EU To Warn China It May Levy Duties Against Huawei – Sources (English article)
Dongfeng Motor (HKEx: 489) Acquires 40 Pct of Fujian Motor (Chinese article)
Trina Solar (NYSE: TSL) Announces Updates to Q1 Guidance (PRNewswire)
Internet search leader Baidu (Nasdaq: BIDU) can’t seem to do anything right these days, even when it posts quarterly earnings results that look relatively respectable to me. I suspect that the same short-term traders who bid up Baidu’s stock to meteoric heights in the years after its 2005 IPO are now trying to make more money by short selling the company. That’s my best explanation for the 8 percent sell-off in Baidu stock in after-hours trade after it posted its latest quarterly earnings report. If the losses carry into the regular Friday session, Baidu could easily see its market capitalization drop below the $30 billion mark as its stock tests new lows not seen for more than 3 years. Read Full Post…
Beleaguered social networking site (SNS) Renren (NYSE: RENN) is resorting to the feeble tactic of buying back its shares to boost its anemic stock, even as it faces little or no prospect of major new growth in the current chilly advertising climate. What the company really needs right now is a major jolt to excite investors, perhaps through a privatization or a mega-merger with leading rival Kaixin. Both of those could be possibilities in the new year, with the merger option as the most exciting that could breathe new life into a company that was once considered the Facebook (Nasdaq: FB) of China.
Web portal Phoenix New Media (NYSE: FENG) appears to be going through a behind-the-scenes reshuffle, with word that a top executive has left the company as it continues to struggle with fallout from a national advertising slowdown. It’s hard to know what exactly is going on behind the scenes at Phoenix, which once wowed investors with triple-digit gains in its core advertising business following its 2011 IPO on the New York Stock Exchange. But its most recent financial reports have clearly shown the company is having a much harder time than many of its larger peers in coping with China’s recent advertising slowdown, which I suspect is a major reason for the newly announced resignation of vice president Wang Yulin. (Chinese article)
The following press releases and media reports about Chinese companies were carried on December 22-24. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Alibaba Outbids Tencent, Baidu to Invest in Sina (Nasdaq: SINA) Microblog – Source (English article)
China Probes Safety of Yum Brands’ (NYSE: YUM) KFC Chicken Products (English article)
Amazon (Nasdaq: AMZN) Web Services (AWS) China Site Goes Live (Chinese article)
Phoenix New Media (NYSE: FENG) Vice President Wang Yulin Resigns (Chinese article)
Beleaguered social networking site (SNS) Renren (NYSE: RENN) is resorting to the feeble tactic of buying back its shares to boost its anemic stock, even as it faces little or no prospect of major new growth in the current chilly advertising climate. What the company really needs right now is a major jolt to excite investors, perhaps through a privatization or a mega-merger with leading rival Kaixin. Both of those could be possibilities in the new year, with the merger option as the most exciting that could breathe new life into a company that was once considered the Facebook (Nasdaq: FB) of China.
Web portal Phoenix New Media (NYSE: FENG) appears to be going through a behind-the-scenes reshuffle, with word that a top executive has left the company as it continues to struggle with fallout from a national advertising slowdown. It’s hard to know what exactly is going on behind the scenes at Phoenix, which once wowed investors with triple-digit gains in its core advertising business following its 2011 IPO on the New York Stock Exchange. But its most recent financial reports have clearly shown the company is having a much harder time than many of its larger peers in coping with China’s recent advertising slowdown, which I suspect is a major reason for the newly announced resignation of vice president Wang Yulin. (
