The following press releases and media reports about Chinese companies were carried on June 11. To view a full article or story, click on the link next to the headline.
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I have to give my congratulations to new energy car maker Tesla (Nasdaq: TSLA) for creating the kind of buzz and excitement this week that only names like Apple (Nasdaq: AAPL) and smartphone sensation Xiaomi have typically been able to muster. In the last 2 days, the company and its charismatic founder Elon Musk were all over the Chinese headlines as Tesla delivered its first electric vehicles (EVs) in China on the sidelines of the nation’s biggest annual auto show happening this week in Beijing. Musk seems to have done interviews with nearly all of the major publications I regularly read, leading me to wonder if the man ever sleeps. Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 18. To view a full article or story, click on the link next to the headline.
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Pudong Development Bank (Shanghai: 600000) To Acquire Shanghai Trust (Chinese article)
Central Bank Releases Third-party Payment Draft Regulations (English article)
Alibaba to Invest in Sinopec’s (HKEx: 386) Sales Subsidiary – Sources (English article)
As Giant US IPO Nears, Alibaba’s China E-commerce Crown Slips (English article)
Giant Interactive (NYSE: GA) Enters Into Agreement For Privatization (PRNewswire)
Everyone is getting quite excited these last 2 days about word that Beijing will soon launch a major new sell-down of its stake in many of China’s largest state-owned enterprises (SOEs), in a bid to breath new life into these bureaucratic behemoths. The news certainly looks like a positive sign all around, providing an exciting new opportunity for investors who would prefer to own major companies that behave more commercially rather than the current group that take their orders from Beijing.
Equally important, the shift could help many of these state-run giants to shed their “SOE stigma”, which often carries connotations of state-control, bureaucracy and political agendas. Such a shift could fuel a new wave of outbound M&A by some of these giants, whose major global purchases often raise suspicions among host governments who currently view such SOEs as tools used by Beijing to execute its political goals. Read Full Post…
Chinese car makers are fueling a new global buying binge of clean-energy assets, with the latest word that privately owned Geely Automobile (HKEx: 175) is buying a British electric car startup. Geely’s deal comes just weeks after China’s Wanxiang Group completed its second major acquisition of a clean energy firm in the US, hinting at a growing wave of global M&A by tech-hungry Chinese car makers. This flurry of deals also comes as China’s leading electric vehicle (EV) maker, BYD (HKEx: 1211; Shenzhen: 002594), spotlights new government data that showcases its own technology development prowess. Read Full Post…
The following press releases and media reports about Chinese companies were carried on November 16-18. To view a full article or story, click on the link next to the headline.
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Peugeot Mulls Faurecia Sale With Dongfeng (HKEx: 489) Tie-up: Sources (English article)
Alibaba’s Yu E Bao Tops 100 Bln Yuan in Funds (Chinese article)
Sina (Nasdaq: SINA) Prices Offering of $700 Mln Convertible Senior Notes (PRNewswire)
Sinopec (HKEx: 386) Says Parent Buys More Company Shares (HKEx announcement)
Renren (NYSE: RENN) To Downsize Gaming Business (English article)
A small brouhaha has broken out in the Chinese media these last few days over what looks like perhaps the clumsy beginning of a takeover attempt involving Zoomlion (HKEx: 1157; Shenzhen: 000157) and Sany Heavy (Shanghai: 600031), China’s 2 top construction equipment makers. I’m not quite convinced that this was a real takeover attempt, as the numbers involved are quite small. But whatever happened, the instance was a reminder that Chinese firms are still quite clumsy at unsolicited M&A, especially the hostile type. Read Full Post…
The following press releases and media reports about Chinese companies were carried on February 16-18. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Saudi’s Kingdom Buys $400m Stake In Chinese E-retailer Jingdong Mall (English article)
France’s Renault (Paris: RENA) Recalling Over 60,000 Cars In China: Xinhua (English article)
Lenovo (HKEx: 992) Forms New Americas Unit To Strengthen Americas Business (Chinese article)
Cherokee (Nasdaq: CHKE) Expands China Presence Flagship Store On Tmall.com (Businesswire)
China’s oil and resource companies have been on a buying binge over the last year, snapping up global assets at what look like relative bargains from cash-strapped global companies under pressure to raise money. Beijing has been paying the bills for most of the purchases so far, but the latest announcement from oil refining giant Sinopec (HKEx: 386; Shanghai: 600028; NYSE: SNP) indicates that China may be testing the waters to see if investors are willing to help pay some of the bill in this global buying binge. If that’s the case, Beijing may soon face some major resistance from its major resource companies’ shareholders, who are likely to question whether Sinopec and other Chinese resource firms are getting good value for their money.
The following press releases and media reports about Chinese companies were carried on February 5. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Baidu (Nasdaq: BIDU) Announces Q4 And Fiscal Year Results (PRNewswire)
Yum’s (NYSE: YUM) China Woes Slam Sales And Profits (English article)
Sinopec (HKEx: 386) Says To Place HK$24 Bln Worth of Shares (HKEx announcement)
Sohu.com (Nasdaq: SOHU) Reports Q4 and Fiscal Year Financial Results (PRNewswire)
China Mobile (HKEx: 941) Launches TD-LTE Commercial Trials in Hangzhou (English article)
The following press releases and media reports about Chinese companies were carried on January 18. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Sharp (Tokyo: 6753), Lenovo (HKEx: 992) In TV Joint Venture Talks – Report (English article)
Suning.com (Shenzhen: 002024) Misses 2012 Sales Target By Big Margin (English article)
Group Buying Transaction Volume Reaches 21.4 Bln Yuan in 2012, Up 93 Pct (Chinese article)
Iron Man Joins China’s TCL (HKEx: 2618) to Challenge Apple Smartphones (English article)
Singapore Government Sells Some Of Sinopec (HKEx: 386) Stake (HKEx announcement)
China’s oil and resource companies have been on a buying binge over the last year, snapping up global assets at what look like relative bargains from cash-strapped global companies under pressure to raise money. Beijing has been paying the bills for most of the purchases so far, but the latest announcement from oil refining giant Sinopec (HKEx: 386; Shanghai: 600028; NYSE: SNP) indicates that China may be testing the waters to see if investors are willing to help pay some of the bill in this global buying binge. If that’s the case, Beijing may soon face some major resistance from its major resource companies’ shareholders, who are likely to question whether Sinopec and other Chinese resource firms are getting good value for their money.
