财新传媒
位置:博客 > Doug Young > 个人分类 > 未分类
2019年06月20日 13:15

INTERNET: Baidu Removes Millions of Ads, Shutters Travel Site

Bottom line: Baidu's massive ad cleanup in May and shuttering of a site for travelers reflects ongoing pressure on its core ad-dependent search business while spotlighting its inability to branch into non-search areas.

Search giant Baidu (Nasdaq: BIDU) is in a couple of headlines as we head into the latter part of the week, reflecting two major challenges the company is facing. The larger headl...

阅读全文>>
2019年06月05日 12:58

TELECOMS: China Hits 5G Accelerator, But Will Telcos Bite?

Bottom line: China's telcos won't accelerate their 5G network building even if licenses are issued earlier than expected this year, though foreign equipment suppliers could benefit if Huawei is hobbled by the US-China trade wars.

What a difference a decade makes. That's about how long has passed between China's issuing of 3G wireless licenses and the upcoming issue of 5G licenses two generation...

阅读全文>>
2019年05月23日 16:00

INTERNET: Grindr Case Bodes Poorly for China Tech in US

Bottom line: The US decision to force a sale of gay dating app Grindr by its Chinese owner reflects a new environment where Washington is almost certain to veto China purchases of local firms with access to sensitive user information.

A new report on the unhinging of a Chinese purchase of US gay dating app Grindr is shedding some interesting light on how Washington sees such deals, and offers i...

阅读全文>>
2019年05月20日 14:39

INTERNET: Loss Shakes Baidu to the Core

Bottom line: Baidu's first-ever loss since going public reflects a long-anticipated decline for its core search business, which could mark the start of a longer-term decline due to lack of a strong new business lines.

It seems that profits are increasingly hard to come by these days on China's Internet. That's the major takeaway coming in the latest results from search giant Baidu (Nasdaq: BIDU...

阅读全文>>
2019年04月25日 12:36

IPOs: Money Burners DouYu, Luckin Look to Wall Street for Cash

Bottom line: Live streaming gamer DouYu should get relatively strong demand for its $500 million New York IPO, while a smaller listing plan by younger coffee specialist Luckin is likely to die on the vine.

One of the longest runs I can recall for New York IPOs by Chinese firms continues to chug ahead, with two new filings, one by live streaming game operator DouYu and the other by a high-tech S...

阅读全文>>
2019年04月22日 13:46

E-COMMERCE: Is Amazon Leaving China, or Not?

Bottom line: Amazon's withdrawal from selling domestic goods to local buyers in China was inevitable due to its lack of a standout service and cut-throat competition from Alibaba and the money-losing JD.com.

The e-commerce headlines have been buzzing these last few days with word that global giant Amazon (Nasdaq: AMZN) is abandoning China, representing the latest setback for a western Internet ...

阅读全文>>
2019年04月10日 12:19

E-COMMERCE: Profit-Seeking JD.com in Overhaul Frenzy

Bottom line: A steady stream of layoff and cost-cutting reports around JD.com appear to show it's trying to sharpen its operations to achieve sustained profits starting in the second half of this year. 

What's up with e-commerce giant JD.com (Nasdaq: JD)? That seems to be the question of the moment, amid a recent series of nonstop reports of shakeup at China's perennial No. 2 in the e-commerce ...

阅读全文>>
2019年04月04日 12:45

MEDIA: Qutoutiao in Fund-Raising Frenzy

Bottom line: Qutoutiao's recent flurry of fund-raising, including a major  loan from Alibaba, underscores rising confidence in the news aggregator after its lackluster IPO last year.

News aggregator Qutoutiao (Nasdaq: QTT) is making up for lost time following its lackluster IPO last fall that raised far less than its original target. The company has just announced a new share sale that will gen...

阅读全文>>
2019年04月01日 12:22

INTERNET: Online Education Looks Good in Principle

Bottom line: The online education sector is currently in a teething phase that could last for the next two years, but could offer big potential for investors who can separate the wheat from the chaff. 

Today I thought I'd look at some of the major online education stocks to hit the market over the last two years, most turning in a decidedly negative performance that may or may not be justified....

阅读全文>>
2019年03月28日 12:48

SMARTPHONES: Is Apple's Price Cutting Enough to Salvage China?

Bottom line: Apple will continue discounting its iPhones in China to stop its sinking market share, which could slow but not halt its decline in the face of growing competition from the likes of Huawei.

Following a break of a month, I'm returning to my writer's seat with discussion of the China outlook for tech giant Apple (Nasdaq: AAPL), which has turned to a very un-Apple-like strategy of dis...

阅读全文>>
2019年02月15日 12:07

E-COMMERCE: Alibaba Eyes Germany, UK and Video Streaming

Bottom line: Alibaba's interest in Metro's China operations is part of its new retail strategy, while the purchase of a British payments company by its Ant Financial unit could give it a strong toehold in the European payments market.

After a period of relative quiet, e-commerce giant Alibaba (NYSE: BABA) is suddenly springing into three relatively major headlines simultaneously on the investme...

阅读全文>>
2019年02月13日 12:59

IPOs: With Shutdown in the Past, Live Broadcaster Douyu Lines Up to List

Bottom line: A slowdown in New York IPOs by Chinese firms at the start of the year was largely caused by the government shutdown, and activity could soon pick up starting with a listing by leading live broadcaster Douyu.

We'll kick off my first post of the Lunar New Year with a look at New York IPO activity in the first part of 2019, or more precisely the lack of activity for Chinese companies....

阅读全文>>
2019年01月23日 14:57

GAMES: Tencent, NetEase Shunned as Gaming Approvals Resume

Bottom line: Tencent and NetEase will become long-term beneficiaries of a cleanup of China's online game sector, despite their lack of new launches so far following the recent end of a 10-month freeze on approval of new titles.

China's 10-month freeze on approval of new online games has official ended, but don't tell that to industry leaders Tencent (HKEx: 700) and NetEase (Nasdaq: NTES). China...

阅读全文>>
2019年01月09日 18:19

SMARTPHONES: Xiaomi Tries to Go Upscale, But Investors Skeptical

Bottom line: Xiaomi's stock is probably oversold at current levels due to selling at the end of a lockup period, but will remain an underpeformer for at least the next 1-2 years until it can prove its strategy of moving up-market has legs.

It's been a rocky week so far for smartphone wannabe Xiaomi (HKEx: 1810), which is desperately trying to show investors it's more than just a maker of cheap,...

阅读全文>>
2018年12月26日 11:27

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 role Chinese founders play at their companies.

On this day after Christmas I thought I'd play a little catch-up by weighing in on the controversial decision that saw a Minnesota prosecutor decline...

阅读全文>>
2018年12月10日 13:05

TELECOMS: Huawei Lands at Center of US-China Trade War

Bottom line: The US case against Huawei's CFO is likely to end with her release on technical grounds as part of a deal between the US and China, though the company could still face punishment for illegally selling US products to Iran.

It's a few days old by now, but I wanted to begin the new week by sharing some of my thoughts on the recent blow-up involving telecoms equipment giant Huawei's CF...

阅读全文>>
2018年12月03日 14:25

SMARTPHONES: Huawei Takes New Look at India

Bottom line: Huawei's new push into India looks like a smart and well-timed move to take advantage of the country's emerging middle class, and could help it take the global smartphone crown by the end of next year.

As it creeps up on its goal of becoming the world's largest smartphone maker, the controversial Huawei appears to finally be waking up to the potential of the fast-growing India mark...

阅读全文>>
2018年11月28日 12:56

INTERNET: Rights Group, Employees Launch Google Attack

Bottom line: A major new campaign calling on Google to abandon its plan to return to China's search market will add pressure on the company to reconsider its decision, but is unlikely to succeed unless the pressure grows significantly stronger.

If Google (Nasdaq: GOOG) CEO Sundar Pichai thought he could quietly launch a new filtered China search engine without any major backlash, he's quickly f...

阅读全文>>
2018年11月07日 12:59

E-COMMERCE: China E-Commerce Answers Beijing's Import Call

Bottom line: China's drive to boost imports will benefit the nation's big e-commerce companies with cross-border trade capabilities, though such purchasing will still be a small fraction of their overall volume.

It may be election day in the US, but here in China the focus is decidedly on imports with the staging this week of a massive import-focused expo in Shanghai. This particular event, off...

阅读全文>>
2018年11月05日 12:31

CHIPS: China Chipmaker Lands in Eye of Trump Trade War

Bottom line: Washington's punishment of a Chinese chipmaker accused of stealing from Micron Technology is part of a savvy targeted approach by the Trump administration aimed at spotlighting illegal business practices by Chinese tech firms.

I thought I'd begin this Monday with a wrap and look at what's ahead for a Chinese chipmaker called Jinhua, which fell squarely in the crosshairs of Donald T...

阅读全文>>