The following press releases and media reports about Chinese companies were carried on March 20 To view a full article or story, click on the link next to the headline.
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Huawei Targets 80 Mln Smartphone Shipments In 2014, Aims For No 2 Spot (Chinese article)
China Telecom, Unicom New Users Drop Sharply In February (Chinese article)
Tencent (HKEx: 700) Announces Annual Results For 2013 (HKEx announcement)
ZTE9 Releases FunBox – the World’s Fastest Home Entertainment Console (Businesswire)
Vipshop (NYSE: VIPS) To Partner With Russian Flash Sales Site (English article)
The following press releases and media reports about Chinese companies were carried on March 19. To view a full article or story, click on the link next to the headline.
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Tencent (HKEx: 700), New Oriental (NYSE: EDU) In Online Education JV – Sources (English article)
Unicom (HKEx: 762) Announces 4G Plans Starting At 76 Yuan Per Month (Chinese article)
Online Classifieds Site Ganji Very Profitable, Considering IPO – CEO (Chinese article)
Yingli Green Energy (NYSE: YGE) Reports Q4 and Full Year 2013 Results (PRNewswire)
ZTE (HKEx: 763) Wins Final Ruling from US ITC in FlashPoint Case (Businesswire)
The 4G strategies of China’s 2 smaller telcos are starting to emerge under an unusual hybrid scheme being rolled out by the nation’s telecoms regulator, and the path being pursued by China Unicom (HKEx: 762; NYSE: CHU) certainly doesn’t look encouraging. Both Unicom and China Telecom (HKEx: 728; NYSE: CHA) have been given the nod to launch commercial 4G service using a homegrown standard known as TD-LTE, even though both plan to build their main networks using a more globally tested technology technology called FDD-LTE. But whereas China Telecom is making minimal investment in TD-LTE, Unicom seems intent on wasting billions of dollars, with word that it has awarded contracts to 8 companies to start construction of a network based on the technology. (Chinese article) Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 7. To view a full article or story, click on the link next to the headline.
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8 Companies Win Awards In First Round Of Unicom (HKEx: 762) 4G Tenders (Chinese article)
IBM China Workers Strike Over Terms In $2.3 Bln Lenovo (HKEx: 992) Deal (English article)
L’Oreal 2013 China Sales At $13.3 Bln, 13th Year Of Double-Digit Growth (Chinese article)
Dangdang (NYSE: DANG) Announces Resignation Of CFO (PRNewswire)
Huayi Bros (Shenzhen: 300027) Prepares To Go To Hollywood, Shares Halted (Chinese 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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Leading telco China Mobile (HKEx: 941; NYSE: CHL) is talking tough in Barcelona at the world’s top trade show, detailing aggressive plans to quickly boost its new 4G service in a bid to take on the massive challenge from Tencent’s (HKEx: 700) wildly popular WeChat mobile messaging service. I’ve previously criticized China Mobile for failing to innovate and relying too much on its highly protected status in China’s telecoms services markets. But this new series of announcements seems to highlight a newer posture at the state-run behemoth, hinting that it may finally start to become more dynamic in response to a growing number of private sector threats. Read Full Post…
WeChat in new commercial moves with Unicom, Wangfujing Dept Store
Much has been written about the meteoric rise of Tencent’s (HKEx: 700) WeChat mobile instant messaging service, with many drawing parallels to the equally rapid ascent of Sina’s (Nasdaq: SINA) Weibo microblogging service starting in 2010. But while Sina has struggled to wring money out of Weibo, Tencent is having much more success with WeChat, as evidenced by news of its latest commercial tie-ups with retailer Wangfujing Department Store and mobile carrier China Unicom (HKEx: 762; NYSE: CHU). I have a lot of respect for Sina, which has emerged as a leading information provider in China since it first went public in 2000. But the company has shown itself less adept at earning money, unlike Tencent, which has proven much more skillful at milking cash from its innovative core social networking service (SNS) products. Read Full Post…
The following press releases and media reports about Chinese companies were carried on February 14. To view a full article or story, click on the link next to the headline.
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China Auto Market Growth Slows Sharply In January (English article)
Cosmetics Retailer Jumei.com Hires Banks For $600 Mln US IPO (English article)
China Telecom (HKEx: 728), Unicom (HKEx: 762) Plan Q1 4G Launch – Source (English article)
Liu Qiangdong To Be Worth 7 Bln Yuan After JD.com IPO (Chinese article)
Lenovo (HKEx: 992) Projects End to Motorola Losses With China Phone (English article)
Things have certainly changed over the last 3 years in Lunar New Year messaging, as reflected by the flood of tech executives using their microblogs to weigh in on Tencent’s (HKEx: 700) launch of a red envelope gift function for its popular WeChat platform over the holiday period. Most of the comments were admiring and even in a slight state of awe at the big success of WeChat’s hongbao product, which lets users send gift money to their friends and relatives over the popular instant messaging platform. But at least one post from Alibaba smelled of sour grapes, and a Sina (Nasdaq: SINA) executive also took a backhanded swipe at the rival to his company’s own Weibo microblogging service. Read Full Post…
The following press releases and media reports about Chinese companies were carried on January 15. To view a full article or story, click on the link next to the headline.
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L’Oreal Gets Greenlight To Buy Chinese Skincare Company Magic (HKEx: 1633) (English article)
China’s Bright Food To Buy Australian Dairy Firm Mundella (English article)
Fast-rising smartphone maker Xiaomi is known for its savvy marketing tactics, but the company has been on the defensive in the blogosphere this past week after a rare tactical blunder that saw it come under attack from disappointed fans. Meantime, the former CEO from the literature unit of online entertainment company Shanda was openly discussing his recent bout with depression on his microblog, following rampant speculation about the reasons for his abrupt departure from the company last month. Read Full Post…
