Melanie's Feed
Nov 30, 2011

How a Chinese cave got listed on the U.S. stock market

YISHUI, China (Reuters) – A Chinese tourism company listed in the United States wants investors to pour their money down a dark hole. Literally.

China’s “Underground Grand Canyon”, about an hour’s drive outside the smoggy city of Linyi in the eastern province of Shandong, promises visitors 3 km (2 miles) of grand stalactites, multicolored lights and an exciting luge ride.

Nov 30, 2011

China’s Jiangsu Phoenix surges 38 pct on Shanghai debut

SHANGHAI, Nov 30 (Reuters) – Shares of Jiangsu Phoenix
Publishing & Media Corp Ltd surged 38 percent on its
Shanghai debut on Wednesday on pent up investor demand for new
listings.

Jiangsu Phoenix, one of the country’s biggest publishers,
raised 4.48 billion yuan ($705 million) through its initial
public offering, much more than it had initially planned.

Nov 24, 2011

Alibaba.com posts slowest quarterly growth in almost 2 years

SHANGHAI (Reuters) – Alibaba.com, China’s largest e-commerce firm, posted an 11.9 percent rise in quarterly net profit, its slowest growth in nearly two years, with the company raising concerns due to a weak trade outlook stemming from debt woes in Europe and the United States.

The third-quarter results missed analyst forecasts and were attributed to a weak macroeconomic climate that led to a slower pace of customer additions.

Nov 24, 2011

Alibaba.com Q3 profit up 11.9 percent

By Melanie Lee

(Reuters) – Alibaba.com, China’s largest e-commerce firm, posted an 11.9 percent rise in quarterly net profit, its slowest growth in nearly two years.

The results missed forecasts by analysts and were attributed to a weak macroeconomic climate that led to a slower pace of customer additions.

Nov 24, 2011

Alibaba.com Q3 profit up 11.9 pct, misses forecasts

Nov 24 (Reuters) – Alibaba.com, China’s
largest e-commerce firm, posted an 11.9 percent rise in
quarterly net profit, its slowest growth in nearly two years.

The results missed forecasts by analysts and were attributed
to a weak macroeconomic climate that led to a slower pace of
customer additions.

Nov 22, 2011

Short-seller report batters China’s Focus Media

SHANGHAI (Reuters) – Focus Media Holding Ltd, a U.S.-listed Chinese company, said a short-seller’s report accusing it of overstating its assets was “completely untrue,” and it would make a statement refuting the allegations before U.S. markets open on Tuesday.

Influential short-selling firm Muddy Waters accused Focus Media, a digital media and advertising company, of inflating the number of its LCD screens, among other charges, wiping out two-thirds of the company’s market value on Monday.

Nov 22, 2011

Acer eyes 20-25 percent China sales growth in

SHANGHAI/TAIPEI (Reuters) – Taiwan’s Acer Inc, the world’s No.4 PC vendor by sales, expects its recent integration with Founder Technology and increased brand acceptance to help grow its China sales by between 20-25 percent next year, said the firm’s head of China operations.

Acer, which trails Hewlett-Packard, Lenovo and Dell, announced a strategic alliance with Founder Technology last year to use its PC-related trademark for seven years in a move to beef up its presence on the mainland.

Nov 16, 2011

Bayer sees 60 pct rise in Asian sales by 2015

SHANGHAI, Nov 16 (Reuters) – Germany’s largest
drugmaker, Bayer AG, said it expects revenue in Asia
to increase over 60 percent by 2015, driven by its cancer and
cardiovascular drugs as well as its engineering plastics.

Bayer, which started producing the Aspirin painkiller in
Shanghai as early as 1936, said that by 2015 it aimed to have
sales in Asia of well over 11 billion euros ($14.9 billion),
with about 6 billion euros coming from the Greater China region.

Nov 16, 2011

Chatter in China: Multinationals turn to Weibo

SHANGHAI (Reuters) – What do the International Monetary Fund, Louis Vuitton and Unilever have in common?

They are the among a clutch of Westerns institutions to join Weibo, China’s most popular microblogging platform operated by Sina Corp, which has quickly become the place to be to promote, lobby and win over a large, important audience.

Nov 16, 2011

Foreign institutions flock to China’s social network

SHANGHAI, Nov 16 (Reuters) – What do the International
Monetary Fund, Louis Vuitton and Unilever have in common?

They are the among a clutch of Westerns institutions to join
Weibo, China’s most popular microblogging platform operated by
Sina Corp, which has quickly become the place to be to
promote, lobby and win over a large, important audience.