The first five private bank pilots will be launched in Tianjin, Shanghai, Zhejiang and Guangdong, including two Internet tycoons — Alibaba and Tencent; Alipay and Tenpay announced the issue of one million online credit cards in cooperation with China CITIC Bank separately yesterday; Coolpad and JD.com announced a purchase agreement of 10 billion yuan; Sohu’s CEO Zhang Chaoyang said in an interview that Sohu Video was not in touch with Tencent Video; Last night China Vision Media announced that Alibaba would buy 60% issued shares after the expansion at the price of $6,244,000,000 HK dollars.
According to the NAV statistics provided by Morningstar, as of the end of February Tianhong Zenglibao has become the seventh fund product in the world; The US stocks market opened lower on Monday morning and Chinese stocks generally declined; This morning Vip.com announced a $400,000,000 dollars’ financing through the issue of convertible bonds and new shares; The strike in Shenzhen IBM resulted from Lenovo’s Acquisition is still going on; Midea announced to invest 15 billion yuan in the next three years in the research of smart home, transforming Midea from a traditional household appliances manufacturer to a smart home creator.
This morning Tencent officially announces in HKEx that the company will buy 251,678,637 common stocks of JD.com; It has been confirmed that on the missing MH370 of Malaysia Airlines, there are at least 29 passengers related to Chinese Information Industry; China’s E-business GMV (Gross Merchandise Volume) is counted to go over 10,000 billion yuan in 2013, and the online retail GMV is about 1850 billion yuan, which may have already exceeded the U.S., optimistically estimated; The yield rates of Internet financial products have dropped below 5% recently, while many banks begin striking back with high-yield financial products.
The International Women’s Day becomes the new battle field of E-business — Alibaba and Baidu have launched new activities which offer people 3.8-yuan movies and karaoke bars on Mar. 8th; Meeting rooms of the Two Sessions, the press center and the stations of some delegates are all specially equipped with 4G network so that journalists can interview and post back videos simultaneously; Lei Jun, the CEO of Xiaomi Tech says in an interview that Xiaomi doesn’t have an IPO plan in five years.
Let’s take a look at what Robin Li (Baidu), Ma Huateng (Tencent), Zhang Jindong (Suning), Lei Jun (Xiaomi) and Yang Yuanqing (Lenovo) say on the two sessions.
QIhoo360’s revenue and profit of the fourth quarter and of 2013 all go beyond expectation; Eight device companies including HuaWei, ZTE, Datang, Potevio, NSN and Ericsson win China Unicom’s bidding for the TD-LTE wireless primary device of 4G; Hundreds of workers in a Shenzhen IBM factory have been on strike for 5 days opposing the takeover by Lenovo; The Chinese website of LinkedIn, Ling Ying (领英), is open for registration officially yesterday.
The high-level talks between Tesla and China Telecom started recently, including preliminary negotiations of in-car WIFI. With a modem and SIM card, Tesla ‘s electric vehicles will be able to share performance data, and have better services of remote diagnostics and maintenance.
Xiaomi will pay $200,000,000 dollars for the authorization of Thunder’s Cloud Speedup service and apply it to its products; The minister of China’s Ministry of Industry and Information Technology said it was true that the 4G service was too expensive; Li Guoqing, the president of Dangdang.com isn’t positive towards the rumors that Tencent would buy JD.com shares; Wasu stocks have been suspended since Feb. 25th, which is rumored to be due to Alibaba’s participation in stocks.
A report from China Securities Regulatory Commission (CSRC) shows that Tianhong Fund is applying for the change of shareholders; Premier Li delivers a report on the work of government; WeChat announced yesterday that it has been open to the certified public accounts.
Li Ka-shing think positive for mainland property market in the long run, because the Chinese people are willing to buy their own house as long as they have enough money.