The following press releases and media reports about Chinese companies were carried on June 12. To view a full article or story, click on the link next to the headline.
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China Mobile (HKEx: 941) Targets 100 Mln 4G Terminal Sales This Year – Chmn (Chinese article)
UPDATE:Following original publication of this post, I was informed that Tencent wasn’t among the buyers of shares that raised $1.8 billion in JD.com’s IPO. Tencent did buy $1.3 billion worth of JD.com shares through a concurrent private placement at the time of the IPO, raising its stake in JD.com to 20 percent.
JD.com execs talk up June 18 event
E-commerce giant JD.com (Nasdaq: JD) was well represented in the microblogging realm this past week, generating debate about the company’s surprisingly high valuation following its listing last month in New York. Meantime, electric car (EV) sensation Tesla (Nasdaq: TSLA) also got some new buzz from big-time booster Li Xiang, founder of the recently listed Autohome (NYSE: ATHM), who disclosed the launch of a new app and talked about the EV maker’s strong early China sales. Read Full Post…
German luxury automaker BMW (Frankfurt: BMW) is in 2 sets of China headlines today, coming under a media attack for its high prices as it separately announced it will bring its electric vehicles (EVs) to the market. If I were a conspiracy theorist, I might try to link these 2 pieces of news and say that BMW knew the media attack was coming, and made its EV announcement to try and deflect the negative publicity. But I really doubt these 2 pieces of news are related. Instead the new attack from leading broadcaster CCTV reflects one of the biggest and more unique dangers that major multinationals like BMW face in China. The EV announcement represents the kinds of counteroffensives such companies must launch to maintain a positive image. Read Full Post…
I’ve become a fan of smartphone sensation Xiaomi over these past 2 years, not because I actually own one of their phones but because I’m continually amazed at how good the company is at manipulating the media and general public to create buzz around its products. So I was somewhat puzzled and even a bit disappointed to read about the company’s choice of English name for its new global brand, which included a hefty price tag to purchase the relevant Internet domain.
Meantime, another master of buzz was also well represented in the microblogging realm, as Elon Musk, CEO of electric car sensation Tesla (Nasdaq: TSLA), won kudos and praise from many of the tech world’s top executives. Last but not least was a quirky microblog post from an executive at fading smartphone maker HTC (Taipei: 2498), showing that Edward Snowden was quite the common man. The HTC executive revealed the US intelligence super-leaker opted for super-cheap accommodations and dined on ordinary fast food during his brief stay in Hong Kong last year. Read Full Post…
I gave quite a bit of attention a few days ago to US electric vehicle (EV) sensation Tesla (Nasdaq: TSLA), so it’s only fair that I close out this week by writing about China’s homegrown EV superstar BYD (HKEx: 1211; Shenzhen: 002594), which has just released quarterly results that look quite disappointing. The only things that look slightly encouraging in this latest report are the fact that billionaire investor Warren Buffett continues to hold onto his 10 percent stake in the company, which he bought in 2008, and that BYD remains profitable. But even the profits are due to strong support from Beijing, under its program to encourage clean-energy vehicle development. Read Full Post…
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 April 22. To view a full article or story, click on the link next to the headline.
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The following press releases and media reports about Chinese companies were carried on April 1. To view a full article or story, click on the link next to the headline.
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Huawei 2013 Profit At 21 Bln Yuan, Sales Outpace Ericsson (Stockholm: ERICb) (Chinese article)
Shanghai Media Group Undergoes New Round Of Restructuring (Chinese article)
Xiaomi Targets 100 Mln Handset Shipments In 2015 (English article)
Alibaba Invests $692 Mln In Chinese Department Store Operator (English article)
Tesla’s (Nasdaq: TSLA) China Chief Resigns, Company Cites Personal Reasons (English article)
The following press releases and media reports about Chinese companies were carried on March 5. To view a full article or story, click on the link next to the headline.
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US electric car maker Tesla (Nasdaq: TSLA) is setting some tough goals for itself during its first year in China, aiming to take advantage of government incentives and its high-end brand image to quickly take a big share of the market. I did a little math based on the company’s latest remarks, and its ambitious target for this year would represent around three-quarters of all electric vehicles sold in China in 2012. If it really can meet the new target, I suspect the company’s biggest strength will be its position as a luxury brand, since most people who buy EVs in China will probably do so more for the snob factor than due to any incentives from Beijing or desire to save the environment. Read Full Post…
The following press releases and media reports about Chinese companies were carried on January 25-27. To view a full article or story, click on the link next to the headline.
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Renren (NYSE: RENN) Sells Remaining Stake In Nuomi to Baidu (Nasdaq: BIDU) (PRNewswire)
