The following press releases and media reports about Chinese companies were carried on October 15. To view a full article or story, click on the link next to the headline.
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Anbang Insurance Deal For Waldorf Astoria Raises US Security Fears (English article)
EU, China Have Resolved Telecoms Dispute: EU Trade Chief (English article)
Xiaomi Signs Former Google (Nasdaq: GOOG) Exec As India Products Manager (English article)
Costco (Nasdaq: COST) Makes China Debut On Alibaba’s (NYSE: BABA) Tmall Platform (Businesswire)
China’s Gingko Tree Said In Talks To Buy Siemens (Frankfurt: SIEGn) Offices (English article)
Spin doctors from Chinese tech titans Tencent (HKEx: 700) and Alibaba have been hard at work these last few days, doing their best to promote their products and add positive interpretations to news involving their companies. Tencent chief Pony Ma was actively hyping up several of his company’s products and services, while an Alibaba executive was touting a visit between founder Jack Ma and visiting British Prime Minister David Cameron. Tencent also got a helping hand from restaurant ratings giant Dianping, whose low-key founder was hyping a new tie-up between Dianping and the payments platform on Tencent’s wildly popular WeChat instant messaging service. Read Full Post…
Today marks the official highpoint of earnings season for US-listed Chinese companies, with at least 4 of the ones I cover reporting their results. With all that information flooding into the market, I thought I’d look at video site Youku Tudou (NYSE: YOKU) and e-commerce company Dangdang (NYSE: DANG), 2 money losers that are trying desperately to claw their way to profits. The news looks positive for both, with Dangdang reporting its losses continue to shrink as Youku has finally come out and dared to utter the word “profit” in its latest report. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 24. To view a full article or story, click on the link next to the headline.
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Samsung (Seoul: 005930) Apologizes To Chinese Consumers For Faulty Phones (Chinese article)
Chinese Lottery Leader 500.com Files for US IPO (English article)
HNA Group Completes Acquisition of GE Capital’s TIP Trailer Services Group (Businesswire)
Alibaba’s TMall Announces Same-Day Delivery Service (English article)
New Oriental (NYSE: EDU) Announces Unaudited Quarterly Results (PRNewswire)
The following press releases and media reports about Chinese companies were carried on September 27. To view a full article or story, click on the link next to the headline.
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China’s Top Appliance Maker Gree (Shenzhen: 000651) Eyes Banking Business (English article)
LDK Solar (NYSE: LDK) Enters Forbearance Arrangement with Noteholders (PRNewswire)
Alibaba’s TMall Issues Requirements For International Merchants (English article)
After a false start earlier this year following their landmark equity tie-up, top web portal Sina (Nasdaq: SINA) and e-commerce leader Alibaba are reportedly preparing for a second bid to combine online shopping with social networking. This second initiative involves the roll-out of a completely new platform that will try to bring Alibaba’s e-commerce services to the more than 500 million registered users of Sina’s popular Weibo microblogging service, often called the Twitter of China. We’ll have to see the actual product before drawing any major conclusions, but I do think this approach looks better than other initial clumsy efforts after the pair announced their tie-up back in April Read Full Post…
The following press releases and media reports about Chinese companies were carried on July 27-29. To view a full article or story, click on the link next to the headline.
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Activision (Nasdaq: ATVI) Goes Solo In $8.2 Bln Deal, Tencent (HKEX: 700) Invests (English article)
EU, China Resolve Solar Dispute – Their Biggest Trade Row By Far (English article)
US Extends Review Of Shuanghui, Smithfield (NYSE: SFD) Merger (English article)
Wanda Orders Up to 120 New Imax Theaters for China （English article)
TMall Daily Mobile Gross Merchandise Value Exceeds 100 Mln Yuan (English article)
US apparel maker Cherokee (Nasdaq: CHKE) made a strategic gamble last week when it largely circumvented China’s traditional retail store network and opened a shop on the Internet, highlighting an emerging new path for foreign mid-sized brands into the lucrative sector. (company announcement) Unlike real-world shops, online stores are much cheaper to set up and also target an e-commerce market set to become the world’s largest over the next decade.
I was surprised to see reports today that Alibaba and Sina (Nasdaq: SINA) have reached an impasse in their rumored negotiations for the former to buy a strategic stake in the latter, since both sides clearly want this deal to happen as it would greatly benefit both. But then I had a closer look at the reports, and my conclusion is simply that the 2 sides are still negotiating in an attempt to place a value on Sina, whose popular and increasingly influential Weibo microblogging service lies at the heart of their planned tie-up. Such disagreement is standard for this kind of negotiation, and I fully expect the 2 sides to reach a deal that should be one of the most significant tie-ups we’ve seen for China’s Internet space since the merger of leading online video sites Youku (NYSE: YOKU) and Tudou earlier this year.
A day after announcing the arrival of a new chief financial officer (previous post), we’re getting word that fast-fading e-commerce superstar Dangdang (NYSE: DANG) is preparing to join hands with a major competitor by opening a new storefront on Alibaba’s TMall. The CFO change and now this latest tie-up with a rival all reflect the growing reality that Dangdang is rapidly fading from China’s fiercely competitive e-commerce crowd, and could even become one of its first major victims. One could even say this latest series of moves reflects a certain desperation, as Dangdang tries to reverse a worrisome trend that has seen its losses balloon over the last year.
After a brief quiet spell, e-commerce is suddenly splashing back into the headlines on several fronts, with big news coming from the sector’s top 3 players, Alibaba, Jingdong Mall and Suning.com (Shenzhen: 002024), as each chases new business. Alibaba leads off the headlines with word that it’s preparing to launch a major new promotion on its popular TMall platform; while Jingdong is getting ready to launch a major overseas foray; and last but perhaps most interesting is Suning.com, which is chasing a new acquisition.
US apparel maker Cherokee (Nasdaq: CHKE) made a strategic gamble last week when it largely circumvented China’s traditional retail store network and opened a shop on the Internet, highlighting an emerging new path for foreign mid-sized brands into the lucrative sector. (
I was surprised to see reports today that Alibaba and Sina (Nasdaq: SINA) have reached an impasse in their rumored negotiations for the former to buy a strategic stake in the latter, since both sides clearly want this deal to happen as it would greatly benefit both. But then I had a closer look at the reports, and my conclusion is simply that the 2 sides are still negotiating in an attempt to place a value on Sina, whose popular and increasingly influential Weibo microblogging service lies at the heart of their planned tie-up. Such disagreement is standard for this kind of negotiation, and I fully expect the 2 sides to reach a deal that should be one of the most significant tie-ups we’ve seen for China’s Internet space since the merger of leading online video sites Youku (NYSE: YOKU) and Tudou earlier this year.
A day after announcing the arrival of a new chief financial officer (
After a brief quiet spell, e-commerce is suddenly splashing back into the headlines on several fronts, with big news coming from the sector’s top 3 players, Alibaba, Jingdong Mall and Suning.com (Shenzhen: 002024), as each chases new business. Alibaba leads off the headlines with word that it’s preparing to launch a major new promotion on its popular TMall platform; while Jingdong is getting ready to launch a major overseas foray; and last but perhaps most interesting is Suning.com, which is chasing a new acquisition.
