China News Digest: April 16-18, 2016
The following press releases and news reports about China companies were carried on April 16-18. To view a full article or story, click on the link next to the headline....
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BUYOUTS: Autohome, E-House Drive Back to China
Bottom line: Autohome and E-House are both likely to complete their privatizations from New York, continuing the migration of US-listed Chinese firms returning home to seek higher valuations on China’s...
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BUYOUTS: Rival Bid Worries Heat Up Zhaopin, Autohome Deals
Bottom line: Zhaopin’s slight raising of its privatization price could reflect minority investor complaints about undervaluation, while Autohome’s buyout price could rise up to 20 percent in a game of...
View ArticleChina News Digest: May 27, 2016
The following press releases and news reports about China companies were carried on May 27. To view a full article or story, click on the link next to the headline....
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BUYOUTS: Autohome, iKang, Wanda in Twisted Buyout Tales
Bottom line: Privatization plans by Autohome and iKang will face long delays due to shareholder resistance and rival bids, while Wanda Commercial’s similar buyout will proceed soon after some technical...
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INTERNET: Tencent, Baidu Travel Together with Bitauto Investment
Bottom line: A new $300 million investment by Tencent, Baidu, JD.com and a private equity firm in Bituato is aimed at providing major strategic partners to ensure its continued profitability as an...
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BUYOUTS: Qunar, Sky-mobi Gets New Offers; Autohome War Continues
Bottom line: Qunar looks like the latest Chinese buyout candidate to become involved in a contested bidding war, while Autohome is unlikely to succeed in efforts to stop the sale of a stake in the...
View ArticleChina News Digest: June 28, 2016
The following press releases and news reports about China companies were carried on June 28. To view a full article or story, click on the link next to the headline....
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BUYOUTS: Autohome, Qihoo Spotlight Tough Road for Buyouts
Bottom line: Autohome’s attempt at a management-led buyout failed due to difficulties financing such a large deal, and Qihoo’s new attempt to finance its buyout with crowd funding-style tactics points...
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BUYOUTS: Autohome Fades on Management Exodus, Ku6 Bows
Bottom line: Autohome’s shares will come under pressure after a mass defection of its middle management, most likely to start a rival company, while Ku6 is likely to close shop within the next 2 years...
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BUYOUTS: Autohome, CNIT Drop Buyout Bids; Sky-mobi Moves Ahead
Bottom line: Many US-listed Chinese companies that have yet to complete privatization bids announced last year are likely to formally abandon the plans in the next few months, after new withdrawals...
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