The following press releases and media reports about Chinese companies were carried on June 5. To view a full article or story, click on the link next to the headline.
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EU Gives China 2 Months To Resolve Solar Panel Row (English article)
The following press releases and media reports about Chinese companies were carried on June 4. To view a full article or story, click on the link next to the headline.
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Alibaba in Talks to Acquire PPTV – Sources (English article)
Lenovo (HKEx: 992), NEC (HKEx: 6701) To Establish Smartphone JV (English article)
Canadian Solar (Nasdaq: CSIQ) Signs Loan Deal with China Development Bank (PRNewswire)
Sale Of AIG’s (NYSE: AIG) ILFC Unit To Chinese Investors Hits A Snag (English article)
SMIC (HKEx: 981) Announces Establishment Of JV In Beijing (HKEx announcement)
The following press releases and media reports about Chinese companies were carried on May 24. To view a full article or story, click on the link next to the headline.
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LightInTheBox Sets IPO Price Range, To Raise Up to $87 Mln (Chinese article)
Lenovo (HKEx: 992) Announces Results For Fiscal Q4 (HKEx announcement)
Softbank Says Won’t Use Huawei Equipment After Sprint (NYSE: S) Buy (Chinese article)
Sohu (Nasdaq: SOHU) Talks To Buy PPTV Collapse Over Price (Chinese article)
Levono (HKEx: 992), Jingdong Partner on 3C Service and Maintenance (English article)
I’ve written too much recently about neglected web portal Sohu (Nasdaq: SOHU), but the latest rumors of a potential tie-up between the company and PPTV, operator of one of China’s leading video websites, are just too irresistible for me to ignore. Those rumors say Sohu is in talks to combine its own online video business with PPTV to create one of the nation’s top 3 players. News of such talks comes just a couple of weeks after leading search engine Baidu (Nasdaq: BIDU) purchased another top video site, PPS, for $370 million, and indicates a new wave of consolidation in China’s Internet space may be gaining momentum. Read Full Post…
The proposed marriage between Youku (NYSE: YOKU) and Tudou (Nasdaq: TUDO) looks like a done deal, with shareholders of both companies approving the union at separate meetings on the same day. (Youku announcement; Tudou announcement) So now the question becomes: what does the union mean for the longer term development of the new company, Youku Tudou, and also what does the formation of this new industry leader mean for other major players? In a nutshell, I honestly don’t think the future looks very bright for anyone, due to both individual company issues and broader industry issues as well.
