An increasingly xenophobic West will face an important test in the next 30 days as Canada weighs whether to approve the $15 billion purchase of local oil exploration giant Nexen (Toronto: NXY) by Chinese rival CNOOC (HKEx: 883; NYSE: CEO). The deal could well become an important indicator of the West’s willingness to accept China as an equal partner in the global economy, and its approval would send a positive signal after a more controversial decision last week that saw two of China’s leading technology firms locked out of the US telecoms equipment market due to security concerns.
Tag Archives: ZTE
News Digest: October 13-15 报摘： 2012年10月13-15日
The following press releases and media reports about Chinese companies were carried on October 13-15. To view a full article or story, click on the link next to the headline.
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- Canada’s Harper Says Must Weigh National Security in China Ties (English article)
- ZTE (HKEx: 763) Announces Preliminary Results for 9 Months Ending Sept 30 (HKEx announcement)
- China’s Top Two Shippers Join Forces in Domestic Container Trade (English article)
- China Lodging Group (Nasdaq: HTHT) Announces Preliminary Q3 Operating Results (Globe Newswire)
- Bankrupt Solyndra Sues Suntech (NYSE: STP) Over Antitrust Claims (English article)
- Latest calendar for Q3 earnings reports (Earnings calendar)
News Digest: October 12 报摘： 2012年10月12日
The following press releases and media reports about Chinese companies were carried on October 12. To view a full article or story, click on the link next to the headline.
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- Lenovo (HKEx: 992) Knocks HP (NYSE: HPQ) From Top of Global PC Market: Gartner (English article)
- Hasbro (Nasdaq: HAS) and Alpha Animation Announce Strategic Partnership for China (Businesswire)
- US Prepares to Launch 2nd Round of Investigations Into Huawei, ZTE (HKEx: 763) (Chinese article)
- Suntech (NYSE: STP) Responds to Final US Dept of Commerce Determination (PRNewswire)
- Ex-Central Banker Says Canada Should Approve CNOOC (HKEX: 883) Bid for Nexen (English article)
Telecoms: ZTE, Apple and China Mobile 电信业：中兴、苹果和中国移动
A wide range of buzz is coming from the telecoms space, led by more reverberations from Washington’s controversial decision to lock out Huawei and ZTE (HKEx: 763; Shenzhen: 000063) from the US telecoms equipment market. China’s 3 major telcos are also making the headlines for other reasons, as they continue to jostle for position in both the 3G wireless and also the fixed-line broadband spaces.
News Digest: October 10 报摘： 2012年10月10日
The following press releases and media reports about Chinese companies were carried on October 10. To view a full article or story, click on the link next to the headline.
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- Japan Car Sales in China Tumble, Hit By Islands Row (English article)
- Tencent (HKEx: 700) E-Commerce to Start 300 Mln Yuan Promotion (English article)
- Suntech (NYSE: STP) Announces Strategy to Solidify Market Leadership (PRNewswire)
- China Telecom (HKEx: 728), Unicom (HKEx: 762) Start Taking iPhone 5 Orders (Chinese article)
- ZTE (HKEx: 763) Says Equipment Safe, and Poses No Security Threat (Businesswire)
Huawei, ZTE Face Long US Winter 华为、中兴在美遭遇漫长寒冬
I don’t usually like to write about the same company or issue twice in the same week, but it’s hard to ignore a new report that has just come out of Washington saying US telcos shouldn’t do business with China’s top 2 telecoms equipment makers due to security concerns. Of course people who follow the industry will know that I’m referring to a new Congressional report taking aim at Huawei and ZTE (HKEx: 763; Shenzhen: 000063), 2 of the world’s leading telecoms equipment makers and also 2 of China’s high-tech exporting superstars. The report comes just a day after reports emerged that Huawei was considering an offshore IPO in an attempt to diffuse concerns that its equipment can be used for spying by Beijing (previous post).
News Digest: October 9 报摘： 2012年10月9日
The following press releases and media reports about Chinese companies were carried on October 9. To view a full article or story, click on the link next to the headline.
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- China’s Huawei, ZTE (HKEx: 763) Should Be Kept From US: Draft Congress Report (English article)
- Merchants Have Doubts Over TMall’s New Program Targeting Fake Goods (Chinese article)
- Haier (HKEx: 1169) Says F&P (NZ: FPA) Independent Directors’ Valuation Optimistic (Chinese article)
- Qihoo 360 (NYSE: QIHU) Partners with Ctrip (Nasdaq: CTRP) (English article)
- Cisco (Nasdaq: CSCO) Cuts Ties to China’s ZTE (HKEx: 763) After Iran Probe (English article)
Huawei Mulls IPO to Sooth Critics
Telecoms equipment giant Huawei Technologies is reportedly considering an overseas public listing in a bid to become more transparent and quiet western critics who suspect it’s a spying arm of Beijing. The move would be the latest in a series by Huawei and crosstown rival ZTE (HKEx: 763; Shanghai: 000063) in their ongoing campaigns to win more business in lucrative western markets where they have met with strong political resistance. But while an IPO may excite investors, such a move is unlikely to sway Huawei’s more politically-focused critics who can point to numerous similar cases of major Chinese companies whose publicly listed status hardly means independence from Beijing.
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Huawei’s Slowing Growth, Google-Hisense Tie-Up 华为高增长一去不返 海信与谷歌联合研发智能电视
A couple of items from the consumer electronics space are worth looking at today, including one that shows Huawei’s consumer unit forecasting surprisingly slow growth while electronics giant Hisense (Shanghai: 600060) is cementing an interesting TV tie-up with Google (Nasdaq: GOOG). Both of these news bits highlight China’s growing prowess as a consumer electronics maker, as the country rapidly rises to challenge traditional powerhouses like Japan, South Korea and Taiwan with products that can compete globally not only in price but also in quality.
News Digest: September 20, 2012 报摘： 2012年9月20日
The following press releases and media reports about Chinese companies were carried on September 20. To view a full article or story, click on the link next to the headline.
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- China Releases Cloud Computing 12th 5-Year Plan (English article)
- MasterCard (NYSE: MA) Debuts First Single-branded Cards in China with Citibank (Businesswire)
- Ctrip (Nasdaq: CTRP) Prices Offering of $160 Mln Convertible Senior Notes (PRNewswire)
- Nexen (Toronto: NXY) Takeover by CNOOC (HKEx: 883) Faces Political Test in Canada (English article)
- ZTE (HKEx: 763) to Release First Phone Based on Firefox OS in Q1 Next Year (Chinese article)
ZTE on Long Smartphone March 中兴走上智能手机“长征”路
Telecoms equipment maker ZTE (HKEx: 763; Shenzhen: 000063) is hoping to avoid the fate of faded cellphone giants Nokia (Helsinki: NOK1V) and Motorola by focusing on smartphones as it hones an expansion strategy that it hopes will revive its stagnating fortunes. That seems to be the latest message from the embattled company, whose profits have plunged in recent quarters as its core telecoms equipment business weakens and it pumps major new investment its cellphone unit. Personally speaking, I do think the emphasis on smartphones is a smart one as these computer-like phones are clearly the wave of the future and will probably outsell older phones within the next 5 or 6 years.
