Melanie's Feed
Feb 27, 2012

China’s Xiaomi hopes for revolution in mobile market

SHANGHAI, Feb 27 (Reuters) – Chinese handset maker
Xiaomi Technology is looking to raise more funds within the next
year or two to boost production and sees revenue in the future
coming from software applications rather than handset sales, the
firm’s president told Reuters on Monday.

Xiaomi, whose name literally means millet but refers to a
revolutionary idiom from the early days of the Chinese Communist
Party, was founded in 2010 with a focus on becoming a mobile
Internet company.

Feb 23, 2012

China’s Jishi Media soars on Shanghai debut

SHANGHAI, Feb 23 (Reuters) – Shares in Chinese cable
TV company Jishi Media Co Ltd surged by 65 percent
in its first morning of trade on Thursday, reflecting improved
demand for new offerings amid the recent stock market rebound.

Shares of Jishi Media rose to 11.56 yuan ($1.84) in Shanghai
at the end of the morning session, compared with its IPO price
of 7.00 yuan. The company raised 1.96 billion yuan ($311.3
million) in its initial public offering.

Feb 22, 2012

Shanghai court hears Apple iPad trademark case

SHANGHAI, Feb 22 (Reuters) – A Shanghai court began
hearing on Wednesday a case brought by a Chinese technology firm
seeking to halt the sale of Apple Inc’s iPads across
the affluent Chinese city, accusing the U.S. firm of trademark
infringement.

Previous court rulings in favour of Proview Technology
(Shenzhen) have covered specific retailers in smaller cities,
but a Shanghai order, if imposed, would eat into one of Apple’s
biggest markets in China. A judgment was not expected
immediately.

Feb 21, 2012

Alibaba bids to take listed unit private for $2.5 bln

SHANGHAI (Reuters) – Jack Ma’s Chinese e-commerce firm Alibaba Group has offered around $2.5 billion to take its Hong Kong-listed Alibaba.com (1688.HK: Quote, Profile, Research) unit private, stressing the move was unrelated to any possible deal to buy back shares owned by Yahoo Inc (YHOO.O: Quote, Profile, Research).

Alibaba Group is offering investors HK$13.50 in cash per share to take Alibaba.com private, the same price as at the company’s IPO in 2007, the two firms said in a statement late on Tuesday.

Feb 21, 2012

Newsmaker: Alibaba’s Ma still faces big Yahoo test

SHANGHAI (Reuters) – Jack Ma insists his Alibaba Group’s offer to take private its e-commerce website Alibaba.com for about $2.5 billion – at the same price as the firm’s IPO about four years ago – has nothing to do with a separate, complex deal over a stake in his group held by Internet pioneer Yahoo Inc.

Ma, who founded the e-commerce group and within a decade unlocked China’s huge online shopping potential, said taking Alibaba.com off the Hong Kong market would allow investors, who hold 27 percent, a chance to cash in while the unit slows its rapid pace of growth and changes its business model.

Feb 21, 2012

Alibaba’s Ma still faces big Yahoo test

SHANGHAI, Feb 21 (Reuters) – Jack Ma insists his
Alibaba Group’s offer to take private its e-commerce website
Alibaba.com for about $2.5 billion – at the same price
as the firm’s IPO about four years ago – has nothing to do with
a separate, complex deal over a stake in his group held by
Internet pioneer Yahoo Inc.

Ma, who founded the e-commerce group and within a
decade unlocked China’s huge online shopping potential, said
taking Alibaba.com off the Hong Kong market would allow
investors, who hold 27 percent, a chance to cash in while the
unit slows its rapid pace of growth and changes its business
model.

Feb 21, 2012

Alibaba offers to take listed unit private

SHANGHAI (Reuters) – Chinese e-commerce firm Alibaba Group has offered to take its Hong Kong-listed unit Alibaba.com private at a cost of around HK$19.6 billion (1.6 billion pounds), a move it said was not related to a possible deal with Yahoo Inc on buying back Yahoo’s stake in the Chinese Internet giant.

Alibaba Group, founded by Jack Ma, is offering investors HK$13.50 in cash per share to take Alibaba.com private, the same as its initial public offering price in 2007, the two said in a statement to the Hong Kong Stock Exchange late on Tuesday.

Feb 21, 2012

Alibaba offers to take listed unit private for $2.5 billion

SHANGHAI (Reuters) – Chinese e-commerce firm Alibaba Group has offered to take its Hong Kong-listed unit Alibaba.com private at a cost of around HK$19.6 billion ($2.5 billion), a move it said was not related to a possible deal with Yahoo Inc on buying back Yahoo’s stake in the Chinese Internet giant.

Alibaba Group, founded by Jack Ma, is offering investors HK$13.50 ($1.74) in cash per share to take Alibaba.com private, the same as its initial public offering price in 2007, the two said in a statement to the Hong Kong Stock Exchange late on Tuesday.

Feb 21, 2012

Alibaba.com Q4 net slips; no word on buyout plan

Feb 21 (Reuters) – Alibaba.com, which could
soon be taken private by its founder Jack Ma, posted a first
profit decline in more than two years as a weak global economy
hit the number of paying members for its services.

The company, which operates an e-commerce website linking
Chinese businesses to overseas buyers, warned its financial
performance and membership growth could be dented further as it
shifts to a value-added-services model from a subscription-based
service.

Feb 21, 2012

Apple’s China trademark battle moves to Shanghai

SHANGHAI (Reuters) – Apple Inc’s trademark battle moves to one of China’s richest city on Wednesday when a Shanghai court will deliberate a request by troubled technology company Proview to halt the sale of iPads across the city.

Proview Technology (Shenzhen) claims it owns the iPad trademark in China and a Shenzhen court ruled in its favor last December. Proview has since launched a multi-pronged approach to get Apple’s iPads off the shelves — with mixed success.