The following press releases and media reports about Chinese companies were carried on July 4. To view a full article or story, click on the link next to the headline.
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China To Try GSK-linked (London: GSK) Investigator In Secret: Family Friends (English article)
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 March 1-3. To view a full article or story, click on the link next to the headline.
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Sohu (Nasdaq: SOHU), Tencent (HKEx: 700) Plan Video Business Merger – Source (English article)
JD.com Suffers Data Breach, Says Scale Not Large (Chinese article)
Gap’s (NYSE: GPS) Old Navy Chain Opens First Store in Mainland China (Businesswire)
SMIC (HKEx: 981) Sets Up 500 Mln Yuan Investment Fund (HKEx announcement)
An Independent Suntech (OTC: STPFQ) Sets its Sights On The UK Solar Market (PRNewswire)
The following press releases and media reports about Chinese companies were carried on February 18. To view a full article or story, click on the link next to the headline.
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New Oriental (NYSE: EDU) Spins Off Online Education Business – Memo (English article)
Leading Chinese chip maker SMIC (HKEx: 981; NYSE: SMI) has just announced a relatively modest $200 million bond offer, hinting that investor interest may finally be returning to this perennial underperformer after years of disappointment. Not very many people even follow SMIC these days, and I’ll admit that I personally still watch the company because I hope that someday it can realize some of the potential that many once held for it. This latest bond offer looks positive because it’s being underwritten by 2 big foreign investment banks, JPMorgan and Deutsche Bank, meaning demand for the notes is coming from market-driven international investors rather than state-run Chinese buyers. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 25. To view a full article or story, click on the link next to the headline.
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China’s September 2013 Handset Shipments Down 16 Pct From Year Earlier (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 April 25. To view a full article or story, click on the link next to the headline.
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Apple’s (Nasdaq: AAPL) Greater China Revenue Grows Just 8 Pct (Chinese article)
China to Mandate 7-Day Returns for E-Commerce Purchases (English article)
China Mobile (HKEx: 941) Buys 15 Pct of USTC iFlytek (HKEx announcement)
New Oriental (NYSE: EDU) Announces Q1 Results, $50 Mln Buyback Plan (PRNewswire)
Following earnings reports earlier this week that showed advertising business stabilizing at Baidu (Nasdaq: BIDU) and Sohu (Nasdaq: SOHU), we’re getting even more upbeat results from online game operator NetEase (Nasdaq: NTES) and leading Chinese chip maker SMIC (HKEx: 981; NYSE: SMI), which points to a broader Chinese economic recovery. I’ll be honest and say I’m most encouraged by the news from SMIC, which for years has had huge potential but always failed to realize that potential due to management and other internal issues. The year 2011 saw the company suffer through a bruising power struggle, after which the 2 men at the center of the struggle were both thrown out of the company and a new experienced CEO was brought in to try and finally put the company on more solid footing.
The following press releases and media reports about Chinese companies were carried on February 7. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Three of China’s leading tech companies have just posted results, with online travel services firm Ctrip (Nasdaq: CTRP), chip maker SMIC (HKEx: 981) and web portal Sohu (Nasdaq: SOHU) all providing reports with very mixed messages. But perhaps most interesting is the fact that shares for all 3 firms rallied sharply in response to the reports, in the latest sign that investors may finally be ready to return to this battered group of companies that has suffered for nearly 2 years due to a series of accounting scandals. If that’s the case, we could perhaps be looking at a nice rally for shares of many firms, especially some of the sector leaders, and we could also see a flurry of new IPOs following a hiatus of more than a year.
Following earnings reports earlier this week that showed advertising business stabilizing at Baidu (Nasdaq: BIDU) and Sohu (Nasdaq: SOHU), we’re getting even more upbeat results from online game operator NetEase (Nasdaq: NTES) and leading Chinese chip maker SMIC (HKEx: 981; NYSE: SMI), which points to a broader Chinese economic recovery. I’ll be honest and say I’m most encouraged by the news from SMIC, which for years has had huge potential but always failed to realize that potential due to management and other internal issues. The year 2011 saw the company suffer through a bruising power struggle, after which the 2 men at the center of the struggle were both thrown out of the company and a new experienced CEO was brought in to try and finally put the company on more solid footing.
Three of China’s leading tech companies have just posted results, with online travel services firm Ctrip (Nasdaq: CTRP), chip maker SMIC (HKEx: 981) and web portal Sohu (Nasdaq: SOHU) all providing reports with very mixed messages. But perhaps most interesting is the fact that shares for all 3 firms rallied sharply in response to the reports, in the latest sign that investors may finally be ready to return to this battered group of companies that has suffered for nearly 2 years due to a series of accounting scandals. If that’s the case, we could perhaps be looking at a nice rally for shares of many firms, especially some of the sector leaders, and we could also see a flurry of new IPOs following a hiatus of more than a year.
