China News Digest: March 10, 2016
The following press releases and news reports about Chinese companies were carried on March 10. To view a full article or story, click on the link next to the headline....
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BUYOUTS: Dangdang Gets Rival Bid, Jiayuan Sidles to Exit Door
Bottom line: A new rival bid for Dangdang and the long closing period for Jiayuan’s privatization reflect growing shareholder resistance to low prices being offered for Chinese companies trying to...
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BUYOUTS: Privatizing Shares Tank on Talk of Homecoming Chill
Bottom line: Many privatization bids by Chinese firms hoping to re-list in China could collapse if the CSRC cracks down on backdoor listings, though de-listing plans backed by big private equity names...
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BUYOUTS: Dangdang Lowers Buyout Offer, Momo Still Mum
Bottom line: Dangdang’s latest buyout offer is likely to meet with minority shareholder resistance due to its sharp downward revision, while Momo is also likely to lower its earlier buyout price if and...
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E-COMMERCE: Walmart Quits China E-Commerce, Amazon Next?
Bottom line: JD.com will quietly close Yihaodian after acquiring the online store from Walmart, and Amazon is the most likely next large player to withdraw from China’s e-commerce market in the next...
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E-COMMERCE: JD Joins Alibaba as Short-Seller Favorite
Bottom line: A spike in short-selling of China e-commerce stocks led by JD.com and Alibaba is cyclical and unrelated to their longer-term prospects, and a bounce-back is likely by year-end. Short...
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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...
View ArticleChina News Digest: September 21, 2016
The following press releases and news reports about China companies were carried on September 21. To view a full article or story, click on the link next to the headline....
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INTERNET: Meitu Fires Up Online Services in Bid for Excitement
Bottom line: Meitu’s new disclosure of rapid growth in its internet services revenue looks encouraging, as it takes advantage of its early arrival status in a beauty products sector with big profit...
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E-COMMERCE: Dangdang Orphaned by Cash-Challenged HNA
Bottom line: The collapse of Dangdang’s $1.2 billion sale of itself to HNA shows the deal was most likely fueled by backdoor connections with no grounding in financial reality, and the company will...
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E-COMMERCE: JD Dodges a Bullet, Gets Support from E-Commerce Has-Been
Bottom line: A US prosecutor’s decision not to file rape charges against JD.com’s founder may bring short-term relief to the stock, but the case still shows the importance of understanding the unusual...
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