Tag Archives: Soufun

E-House Trims Bond As Investor Appetite Softens

Investors get full on Chinese bond feast

After gobbling up billions of dollars worth of debt from Chinese Internet companies over the last year, investors may finally be starting to get full on the bond feast with word that online real estate services firm E-House (NYSE: EJ) has sharply trimmed its plan for a new major offering. One can interpret this unexpected twist in a number of ways, which I’ll explain shortly. But from my perspective the development looks like one of the first signs that a resurgence of interest in US-listed Chinese tech firms over the last few months could quickly dim in the first half of 2014 as investors turn their attention to other companies. Read Full Post…

News Digest: December 5, 2013

The following press releases and media reports about Chinese companies were carried on December 5, 2013. To view a full article or story, click on the link next to the headline.
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  • China State TV Accuses Foreign Carmakers Of Price Gouging (English article)
  • China Mobile (HKEx: 941), Apple (Nasdaq: AAPL) Sign iPhone Agreement (Chinese article)
  • SouFun (NYSE: SFUN) Prices $350 Mln Convertible Senior Notes Offering (PRNewswire)
  • Carlsberg Buys Controlling Stake in Chongqing Brewery (Shanghai: 600132) (English article)
  • NetDragon (HKEx: 777) To Downsize, Shift To Education Business (English article)

News Digest: December 4, 2013

The following press releases and media reports about Chinese companies were carried on December 4. To view a full article or story, click on the link next to the headline.
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  • Britain’s Cameron Defends GSK’s (London: GSK) Business Practices In China (English article)
  • SouFun (NYSE: SFUN) Proposes $250 Mln Convertible Senior Notes Offering (PRNewswire)
  • CNZZ: Qihoo (NYSE: QIHU) Search PV Share Up 1 Ppt MoM In November (English article)
  • Alibaba Makes Gaming Hires In Possible Move Into Mobile Games (Chinese article)
  • Qunar (Nasdaq: QUNR) Appoints Denise Peng as COO (Globe Newswire)

SouFun Joins Financial Services Rush

SouFun enters financial services

The recent rush by Chinese web firms into the financial services has gained a new member, with word that real estate services SouFun (NYSE: SFUN) will enter the sector. I’ve generally been skeptical of this sudden swarm into financial services, which was touched off earlier this year by e-commerce leader Alibaba, since this new stream of online investment products looks rife with potential for controversy. But that said, this latest move by Soufun actually looks quite logical and shrewd, since the company’s core real estate business already has very close ties with the traditional financial services industry. Read Full Post…

News Digest: December 3, 2013

The following press releases and media reports about Chinese companies were carried on December 3. To view a full article or story, click on the link next to the headline.
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  • China Mobile (HKEx: 941) To Release 4G Brand, iPhone On December 18 – Report (Chinese article)
  • China Southern Airlines (HKEx: 1055) Says 4 Executives Under Anti-Graft Probe (English article)
  • SouFun (NYSE: SFUN) To Launch Financial Services On December 16 (PRNewswire)
  • Qihoo 360 (NYSE: QIHU) To Release Search-Customized Keyboard (English article)
  • EU Nations Approve Pact With China On Solar-Panel Imports (English article)

News Digest: November 8, 2013

The following press releases and media reports about Chinese companies were carried on November 8. To view a full article or story, click on the link next to the headline.
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News Digest: May 9, 2013

The following press releases and media reports about Chinese companies were carried on May 9. To view a full article or story, click on the link next to the headline.
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  • EU Agrees To China Solar Panel Duties In Boldest Move Yet (English article)
  • Sohu (Nasdaq: SOHU) Puts Sogou Search Up For Sale – Source (Chinese article)
  • SouFun (NYSE: SFUN) Announces Q1 Results (PRNewswire)
  • Mengniu (HKEx: 2319) Increases Holding in China Modern Dairy (HKEx: 1117) (Businesswire)
  • China Mobile (HKEx: 941) To Receive First 4G License In Oct – Source (Chinese article)
  • Latest calendar for Q1 earnings reports (Earnings calendar)

News Digest: April 23

The following press releases and media reports about Chinese companies were carried on April 23. To view a full article or story, click on the link next to the headline.
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  • Regulator Bans Unauthorized Commercial SMSs To Fight Spam (Chinese article)
  • SouFun (NYSE: SFUN) Comments On A Short Seller’s 3rd Report (PRNewswire)
  • Shanda Games (Nasdaq: GAME) to Fully Participate in Actoz Rights Offer (PRNewswire)

Real Estate Services: Time to Buy? 房地产服务:买入时机?

After showing early signs of a pickup last fall, online real estate services firm Soufun (NYSE: SFUN) is sending even stronger signals that springtime may indeed be coming for companies that make their money from buying and selling activity in the property market. Here it’s important to point out that this coming spring for market leaders Soufun and E-House doesn’t mean that China’s real estate prices are going to start rising sharply again anytime soon. Instead, what it means is that real estate buyers and sellers are starting to feel confident that the market has stabilized after more than a year of uncertainty due to government cooling policies.

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News Digest: January 4 报摘:2013年1月4日

The following press releases and media reports about Chinese companies were carried on January 4. To view a full article or story, click on the link next to the headline.
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  • Lenovo (HKEx: 992), EMC (NYSE: EMC) Create Network Attached Storage JV (Businesswire)
  • Top 10 Chinese Solar Panel Makers Have Up To 110 Bln Yuan in Debut (Chinese article)
  • LDK Solar (NYSE: LDK) Announces Purchase Agreement for LDK Anhui (PRNewswire)
  • SouFun (NYSE: SFUN) Pays $127 Mln For Property, To Become New Shanghai HQ (PRNewswire)
  • China Telecom (HKEx: 728) Completes Purchase of CDMA Networks From Parent (Chinese article)

SouFun Results: Real Estate Pick-Up 搜房业绩:房屋交易回暖

The latest quarterly results from online real estate services firm SouFun (NYSE: SFUN) point to a pick-up in real estate buying and selling, which should benefit names like SouFun and rival E-House (NYSE: EJ) that benefit from sales activity and are less concerned with pricing trends. SouFun has given us a wide range of numbers in its latest quarterly report, but the one that caught my attention was the company’s decision to raise its 2012 revenue outlook to $400-$420 million, from a previous outlook of $390-$410 million.

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