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2017年02月22日 09:50

INTERNET: Baidu’s iQiyi Raises $1.5 Bln, as Investors Hedge Bets

INTERNET: Baidu’s iQiyi Raises $1.5 Bln, as Investors Hedge Bets

Bottom line: iQiyi's issue of convertible notes to raise its latest $1.5 billion shows it continues to post big losses, and investors are increasingly skeptical that it can become profitable in the next 2 years.

iQiyi lures investors with convertible notes

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2017年02月21日 09:47

TELECOMS: VNO Movement Finally Gains Traction

TELECOMS: VNO Movement Finally Gains Traction

Bottom line: China's VNO program appears to be gaining momentum heading into its third year, and could reach the 200 million subscriber mark by the end of 2017.

Virtual network operators gain momentum

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2017年02月20日 09:45

INTERNET: Weibo Nets People’s Daily, Passes Twitter

INTERNET: Weibo Nets People’s Daily, Passes Twitter

Bottom line: Weibo's rise from the ashes is likely to be followed by a decline similar to the one after its initial rise, as the current boom in live broadcasting wanes or that part of its business gets stolen by a better product from rival Tencent. 

Weibo links with People'......
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2017年02月17日 09:50

E-COMMERCE: Alibaba, JD.com Step Up Supermarket Drive

E-COMMERCE: Alibaba, JD.com Step Up Supermarket Drive

Bottom line: Alibaba could buy the RT-Mart supermarket chain this year to boost its grocery business, while JD.com's more online-focused effort and push into smaller cities looks like a better approach to the sector.

Alibaba grocer drives into Sun Art, JD goes to small cities
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2017年02月15日 09:51

E-COMMERCE: Wanda’s E-Commerce Foray Running on Empty?

E-COMMERCE: Wanda’s E-Commerce Foray Running on Empty?

Bottom line: Wanda will continue to operate its ffan e-commerce site for another year, following the departure of its CEO, but could quietly end the initiative afterwards due to lack of synergies with its brick-and-mortar shopping malls.

Success evades Wanda in e-commerce

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2017年02月14日 09:49

INTERNET: Baidu Tackles Profit-Challenged Nuomi, Takeout Dining

INTERNET: Baidu Tackles Profit-Challenged Nuomi, Takeout Dining

Bottom line: Baidu could soon make big cuts at Nuomi and sell or spin off the unit by year end, while it will also put its takeout dining unit on a strict diet that forces it to show a clear path to profitability by year end.

Nuomi set for haircut in 2017?

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2017年02月13日 09:48

INTERNET: Ofo Raises Another $150 Mln in Dead-End Race

INTERNET: Ofo Raises Another $150 Mln in Dead-End Race

Bottom line: Ofo and rival Mobike will use their hundreds of millions of dollars in new funds to buy better and more expensive bikes to flood city streets, even though neither has a sustainable business model that can justify such long-term expense.

Ofo raising $150 mln in new funds
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2017年02月10日 09:41

SMARTPHONES: Brick-and-Mortar Xiaomi Eyes 2017 Comeback

SMARTPHONES: Brick-and-Mortar Xiaomi Eyes 2017 Comeback

Bottom line: Xiaomi stands a better than 50 percent chance of stabilizing this year and reversing its 2-year-old decline, based on its push into brick-and-mortar retailing and positive reviews for its newest higher-end model.

Xiaomi builds up brick-and-mortar presence

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2017年02月09日 09:26

INTERNET: Google Seeks Partner for China Return

INTERNET: Google Seeks Partner for China Return

Bottom line: Google will get permission from Beijing to open a Chinese version of its app Play Store later this year, most likely through a joint venture with NetEase or Tencent.

Google, NetEase talk China Play Store JV

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2017年02月08日 09:42

RETAIL: Yum China Looks Flat in Maiden Report

RETAIL: Yum China Looks Flat in Maiden Report

Bottom line: Yum China's maiden quarterly report and $300 million share buyback program highlight a company that needs to move more aggressively and take more risks to regain its footing after being spun off from its US parent.

Yum China posts unimpressive maiden quarterly report
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2017年02月06日 09:54

SMARTPHONES: Lenovo Starts Rebuilding Year with Samsung Poach

SMARTPHONES: Lenovo Starts Rebuilding Year with Samsung Poach

Bottom line: Lenovo could reverse its smartphone decline this year under a new leadership team anchored by a respected company veteran, though chances of success are relatively low due to stiff competition and magnitude of the task.

Lenovo nets former Samsung smartphone exec

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2017年01月26日 09:53

SMARTPHONES: Xiaomi Gets US Black Mark

SMARTPHONES: Xiaomi Gets US Black Mark

Bottom line: Xiaomi's poor handling of a case involving malfunctioning fitness bands in the US is unlikely to erupt into a crisis, but shows how unprepared the company is for moving into PR-savvy western markets.

Xiaomi wristband suffers from bad race relations in US

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2017年01月25日 09:55

E-COMMERCE: Alibaba’s Koubei Raises Funds in Late Arrival to Take-Out Services

E-COMMERCE: Alibaba’s Koubei Raises Funds in Late Arrival to Take-Out Services

Bottom line: Alibaba's Koubei is unlikely to gain major traction despite its $1.1 billion in new funding, due to its late arrival to a crowded O2O take-out dining space already dominated by Baidu, Ele.me and Meituan-Dianping.

Koubei raises $1.1 billion

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2017年01月24日 09:44

SMARTPHONES: Xiaomi’s Foreign Prize Barra Heads for Home

SMARTPHONES: Xiaomi’s Foreign Prize Barra Heads for Home

Bottom line: The departure of former Google executive Hugo Barra from Xiaomi marks the end of a chapter for the smartphone maker, which stands only a 50-50 chance of surviving over the next 5 years in the cutthroat market.

Xiaomi's Barra heads back to US

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2017年01月20日 09:47

FINANCE: IDG China Affiliate Roars With US Parent Buy

FINANCE: IDG China Affiliate Roars With US Parent Buy

Bottom line: IDG Capital is likely to buy out the venture funding business of US affiliate IDG in the next year, setting the stage for the emergence of China's first global venture capital firm.  

IDG Capital roars with purchase of US parent

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2017年01月17日 09:47

INTERNET: Meitu Fires Up Online Services in Bid for Excitement

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 potential. 

Meitu makes over image with internet revenue growth

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2017年01月13日 09:52

SMARTPHONES: Huawei Meets 2016 Goals, Xiaomi Looks to 2017

SMARTPHONES: Huawei Meets 2016 Goals, Xiaomi Looks to 2017

Bottom line: Xiaomi could return to growth mode in China this year on the strength of stronger models, while Huawei's local market share will contract as it focuses on profitable sales and backs away from money-losing businesses.

Huawei meets reduced smartphone target
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2017年01月12日 09:47

CHIPS: Seagate Tries Less Production, More Tech Sharing in China Retrench

CHIPS: Seagate Tries Less Production, More Tech Sharing in China Retrench

Bottom line: Seagate's closure of its Suzhou factory, combined with its earlier formation of a Chinese technology-sharing joint venture, reflect the changing approach away from local manufacturing that western tech firms are taking towards China.

Seagate closes Suzhou factory
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2017年01月11日 09:38

E-COMMERCE: Alibaba Gets Alter Ego with Yahoo-Turned-Altaba

E-COMMERCE: Alibaba Gets Alter Ego with Yahoo-Turned-Altaba

Bottom line: Alibaba will closely watch the performance of the newly minted Altaba over the next 1-2 years, and could make a privatization bid with Softbank if it feels the company is undermining its own stock.

Yahoo to morph into Altaba

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2017年01月10日 09:48

E-COMMERCE: Alibaba Finds Friend in Trump, Quagmire in Intime

E-COMMERCE: Alibaba Finds Friend in Trump, Quagmire in Intime

Bottom line: A meeting between Jack Ma and Donald Trump is a major coup for Alibaba and bodes well for its US relations, while a privatization plan for its partly owned Intime Retail reflects its spottier record for strategic investments.

Jack Ma scores Donald Trump meeting

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