The following press releases and media reports about Chinese companies were carried on August 8. To view a full article or story, click on the link next to the headline.
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- China Imposes New Restrictions On Instant Messaging Tools: Xinhua (English article)
- Priceline (Nasdaq: PCLN) To Invest $500 Mln In China’s Ctrip (Nasdaq: CTRP) (English article)
- Huawei To Exit Ultra-Low End Smartphones, Cut 80 Pct Of Models By Year End (Chinese article)
- Anti-Trust Probes Expand To Include 12 Japanese Automotive Firms (Chinese article)
- Autohome (NYSE: ATHM) Announces Unaudited Q2 Results (PRNewswire)
- Latest calendar for Q2 earnings reports (Earnings calendar)
Ctrip (Nasdaq: CTRP) has just announced a new tie-up with US travel services giant Priceline (Nasdaq: PCLN), marking the latest partnership with an overseas partner by Chinese firms looking to tap growing demand from increasingly wealthy Chinese travelers. These tie-ups are also being driven by intense competition that has recently emerged in the travel space, as up-and-coming younger firms with names like Qunar and TravelSky and new sites opened by big Internet names like Jingdong Mall look to steal market share from older established players like Ctrip and eLong (Nasdaq: LONG).
