Tag Archives: Tarena

News Digest: June 24, 2015

The following press releases and media reports about Chinese companies were carried on June 25. To view a full article or story, click on the link next to the headline.
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  • Alibaba (NYSE: BABA) Revives Koubei to Take Fight With Tencent to Food (English article)
  • LeTV (Shenzhen: 300104) in Spotlight Over Sales Figures (English article)
  • Momo (Nasdaq: MOMO) Announces Receipt of “Going Private” Proposal (GlobeNewswire)
  • KKR Bets on China Professional Education With Tarena (NYSE: TEDU) Investment (English article)
  • Hongda (Shenzhen: 002211) Chairman Quits Amid Probe, 165 Mln Shares Frozen (Chinese article)

New York IPO Scorecard: Still Some Life

Still some steam in IPO market

Two weeks after this year’s first Chinese IPO in New York, there’s still a bit of life left in the market despite recent signs of slowing momentum. That’s my quick assessment after looking at the performance of the 4 companies to list so far this year, starting with education services firm Tarena (Nasdaq: TEDU), followed by clinic operator iKang (Nasdaq: KANG) and finally online real estate services firm Leju (NYSE: LEJU) and microblogging giant Weibo (Nasdaq: WB). Meantime, media are reporting that this year’s most highly anticipated IPO from Alibaba is getting delayed, after reports emerged last week that the e-commerce giant could make its first regulatory filing for a New York offering this week. Read Full Post…

iKang Posts Solid But Unspectacular Debut

iKang posts solid trading debut

Just days after worrisome signs emerged that the frothy market for Chinese IPOs in New York was losing steam, clinic operator iKang Healthcare (Nasdaq: KANG) has become the latest newly listed company to send out a mixed signal about the recent bull market for Chinese shares. iKang has just made its trading debut on the Nasdaq, posting a performance that was quite respectable though far from the big fireworks we were seeing late last year from most newly listed Chinese firms.

The showing marks the latest hint that the wave of bullish sentiment towards Chinese IPOs has crested, though anyone who can manage to list in the next 30 days could still do do respectably. Prospects for new listings after mid-May could be a bit more problematic, meaning we could see some companies accelerate their plans to get to market before then. Most notably, I do expect we’ll see upcoming mega-listings for Sina’s (Nasdaq: SINA) Weibo microblogging site and e-commerce giant JD.com make their debuts within the next 2 weeks. Read Full Post…

IPO Fever Cools With Sina Pricing, Tarena Debut

Road looks slippery for Weibo IPO

The booming market for Chinese IPOs in New York got some worrisome signals last week after investors shunned 2 new listing candidates, raising the very real possibility that the current wave of enthusiasm is quickly ebbing. That could mean a new period of stagnation or even a downturn is looming for the sector, which suffered for 2 years before rebounding sharply in the second half of 2013. Read Full Post…

Tarena Sputters As Year’s First China IPO In NY

Tarena in lackluster NY debut

Educational services provider Tarena (Nasdaq: TEDU) has become the first Chinese company to list in New York this year, posting a disappointing debut hinting that US investor enthusiasm towards China stocks may be starting to cool. But truth be told, Tarena hardly looks like the vast majority of Chinese companies rushing to list in New York, most of which are in the Internet space. By comparison, Tarena is a relatively niche provider of education services for software engineers that is growing quickly enough but is still quite small. Read Full Post…

News Digest: April 5, 2014

The following press releases and media reports about Chinese companies were carried on April 5. To view a full article or story, click on the link next to the headline.
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  • Chinese IPO Drought in New York Ends as Tarena (Nasdaq: TEDU) Advances (English article)
  • Ctrip (Nasdaq: CTRP) Announces Up to $600 Mln Share Repurchase Program (PRNewswire)
  • Alibaba’s Jack Ma Invests $532 Mln In Financial Software Firm (English article)
  • Kingsoft (HKEx: 3888) Makes $90 Mln Investment In Video Site Xunlei (Chinese article)
  • Online Wine Merchant Jiuxian Announces 260 Mln Yuan Fifth-Round Funding (English article)

News Digest: November 13, 2013

The following press releases and media reports about Chinese companies were carried on November 13. To view a full article or story, click on the link next to the headline.
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  • Huishang (HKEx: 3698) In Flat Debut On Weak Demand For China Bank Stocks (English article)
  • Sony (Tokyo: 6753) To Expand Console Game Business Into China (English article)
  • Sina (Nasdaq: SINA) Reports Q3 Financial Results (PRNewswire)
  • Training Company Tarena Prepares IPO After New Hire (English article)
  • Microsoft (Nasdaq: MSFT) Says To Find New JV Partner For Skype In China (Chinese article)
  • Latest calendar for Q3 earnings reports (Earnings calendar)