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SMARTPHONES: Coolpad Losses Mount as Sales Plunge
Bottom line: Coolpad’s latest loss forecast shows it is struggling due to intense competition, and will need to sell more of itself to LeEco in the next 6 months to keep funding its operations. Coolpad...
View ArticleChina News Digest: July 15, 2016
The following press releases and news reports about China companies were carried on July 15. To view a full article or story, click on the link next to the headline....
View ArticleChina News Digest: July 19, 2016
The following press releases and news reports about China companies were carried on July 19. To view a full article or story, click on the link next to the headline....
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INTERNET: Qihoo Succeeds, Fails in Bid for Norway’s Opera
Bottom line: A Chinese group’s decision to downsize an earlier deal to buy Norway’s Opera was likely due to insufficient funds to complete the deal, but will still give Qihoo an important new browser...
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BUYOUTS: Qihoo Buyout Saga Ends with NY De-Listing, in Tribute to CEO
Bottom line: Zhou Hongyi should be commended for completing his privatization of Qihoo in the face of numerous obstacles, though his plans to re-list his company in China might take at least 1-2 years....
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BUYOUTS: Qihoo Rejigs, Trina and Dangdang Near Exit Door
Bottom line: Qihoo’s reorganization is part of its hurried bid to re-list in China to pay off backers of its privatization, while shareholders of Trina and Dangdang are likely to approve final...
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INTERNET: Tencent, Alibaba Take Bite Out of Scandal-Hit Baidu
Bottom line: Alibaba is the biggest beneficiary of business lost by Baidu after a scandal earlier this year, with search rivals Qihoo and Sogou also likely to pick up new business. Baidu loses digital...
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BUYOUTS: Autohome, CNIT Drop Buyout Bids; Sky-mobi Moves Ahead
Bottom line: Many US-listed Chinese companies that have yet to complete privatization bids announced last year are likely to formally abandon the plans in the next few months, after new withdrawals...
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SMARTPHONES: Qihoo Calls Early on 2017 with Smartphone Buy
Bottom line: Qihoo’s latest smartphones foray with its purchase of the obscure Blephone reflects the tenacity of founder Zhou Hongyi, but will quickly end in failure due to a late arrival and intense...
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CONSUMER: ZTE Hops Into Smart Cars, Gome Into Smartphones
Bottom line: ZTE’s move into smart cars and Gome’s into smartphones follow a typical Chinese pattern of herd mentality investing, and are both likely to fare poorly. ZTE buys car maker Granton A...
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IPOs: Wuxi AppTech, Qihoo Move Towards China Listings
Bottom line: New signals from Qihoo and Wuxi AppTech show they may be getting preferential treatment for A-share listings, as the regulator shifts its policies to favor high-quality private firms for...
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