The following press releases and news reports about China companies were carried on August 2. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════
Didi Chuxing Acquires Uber China Operation, Uber Founder to Enter Didi Board (Chinese article)
Fantasia (HKEx: 177) to Buy Wanda Commercial Property Management Arm for 2 Bln Yuan (Chinese article)
Bottom line: Dalian Wanda’s de-listing plan from Hong Kong is likely to succeed, while eLong could re-list in China and become the travel services provider for WeChat following its New York privatization.
Dalian Wanda joins homeward migration
A trio of new headlines are part of the recent homeward migration of offshore-listed Chinese companies, led by a highly anticipated $4.4 billion offer to privatize property giant Dalian Wanda (HKEx: 3699). Also making news is faded online travel agent eLong (Nasdaq: LONG), whose shareholders have just approved a privatization that will soon end its 12-year-old listing in New York. Finally there’s film production house Yongle Film and Television, which would have been a strong New York IPO candidate in a earlier era but is now in the process of making a backdoor listing in Shenzhen. Read Full Post…
The following press releases and news reports about China companies were carried on May 27. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════
The following press releases and media reports about Chinese companies were carried on July 4-6. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Ant Financial Raises 13 Bln Yuan in First Funding, Valued at 180 Bln Yuan (Chinese article)
Alibaba-backed (NYSE: BABA) Meizu Sells 8.9 Mln Smartphones in H1, Up 540 Pct (Chinese article)
