[PR Newswire] - Hurray! Holding Co., Ltd. , a leading company in online video portal operations, artist development, music production, wireless music distribution, and other wireless value-added services in China, today announced that it has changed its name to Ku6 Media Co., Ltd., and has changed its trading symbol on the Nasdaq Global Market from HRAY to KUTV.
[PR Newswire] - Hurray! Holding Co., Ltd. , a leading company in online video portal operations, artist development, music production, wireless music distribution, and other wireless value-added services in China, today announced that its shareholders, during its Annual General Meeting of Shareholders on July 28, 2010, approved the issuance of 553,846,154 ordinary shares of Hurray!
Why are US listed Chinese companies which became public through a reverse merger seeming severely discounted from Chinese companies which had an initial public offering? What steps are necessary for a company such as CHBT to break free from that discount? I set out to answer those questions in this analysis.
The following chart is a bit crowded, but I think it's interesting. Also, I spent a lot of time on it so I'm going to show it anyways. What I did was plot the trailing twelve month PE ratio...
•Sony Corp. (SNE) plans to enter Japan's electronic book market by the end of this year, after deciding to pull out of the market in 2007. The company will launch a new e-book-related product by the end of this year, said Fujio Noguchi, senior vice president of Sony Electronics Inc.
•Fujitsu Ltd. (FJTSY.PK) aims to boost supercomputer sales to US$1 billion in five years to challenge Hewlett-Packard (HPQ) and [[IBM]]. The company intends to control 10 percent of the US$9 billion market, from the current 2.2 percent, by tapping rising demand in Germany, France and the U.K., said Masahiko...
Two of the largest countries in terms of population are in Asia. Despite the phenomenal growth in the total mobile phone subscriptions in India and China in the past few years, the cell phone to population penetration rate remains low in these two countries. Emerging markets in general offer the greatest potential for mobile phone companies. However because of the populationAsia-Pacific has better opportunities for growth. It is interesting to note that the Asia Pacific had 46% of the global total subscriptions last year.
In The Intelligent Investor section of the Journal this weekend, Jason Zweig had an interesting article on the performance of stocks with the word "China" added to their names. Similar to the dot com mania days, some companies are adding "China" to their names to get a big boost in their stock prices. Investors blindsided by the China growth story are sending these stocks to astronomical levels without any fundamentals to back them up.
(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund 13F filings.)
Next up is Thomas Steyer's hedge fund Farallon Capital. Steyer founded Farallon in 1986 and today it is a multi-billion dollar hedge fund that invests in equities, private investments, debt, and real estate. Typically though, the fund is focused on risk arbitrage strategies and you'll find a lot of evidence of this in its portfolio below. In terms of other recent activity, we...
•Fujitsu Ltd. (FJTSY.PK) has appointed the head of its system products business as its next president, after months of deadlock that halted restructuring. Masami Yamamoto will take the helm of the firm starting in April. Fujitsu needs to cut costs further if it is keep pace with heavyweights IBM, Hewlett-Packard (HPQ) and Dell (DELL). Fujitsu, despite efforts to expand abroad in IT outsourcing services, remains tied to a sluggish market in Japan. Chairman Michiyoshi...
The emerging markets telecom sector has experienced high growth rates in the past few years. The introduction of cell phone services in many of these countries has contributed to the growth of this industry. Due to cut-throat competition, monthly subscription charges have dropped dramatically and are now cheaper than in developed countries.
Mobile service providers in emerging markets are now targeting the vastly untapped rural market where the potential for expansion is huge. Providers are also offering value-added services such as music, sports news, etc. to create additional revenue streams and in the process differentiate themselves from...
This is the third quarter 2009 edition of our hedge fund portfolio tracking series. If you're unfamiliar with tracking hedge fund movements or SEC filings, check out our series preface on hedge fund 13F filings.
Next up in our series is Thomas Steyer's hedge fund firm Farallon Capital. Thomas Steyer founded Farallon in 1986 and today it is a multi-billion dollar hedge fund that typically uses risk arbitrage strategies and invests in equities, private investments, debt, and real estate. Previously, Steyer was an analyst for Morgan Stanley in its Mergers & Acquisitions department and also an...
The key to the success of Shanda's new strategy is the improvement in copyright protection in China, which is going to improve to the same level of the developed countries in the future. Shanda's active participation will greatly speed up this process.
September 9, 2010 (Chinavestor) We have couple of stock extremes to watch closely on Thursday. For one, take a look at Qiao Xing Mobile Communication Co., Ltd. (NYSE:QXM). The stock rose less than ...
SHANGHAI, Sept. 8 /PRNewswire-Asia/ -- Shanda Interactive Entertainment Limited (Nasdaq: SNDA), or Shanda, a leading interactive entertainment media company in China, today announced its unaudited ...
Four to five years after their emergence in China, video sharing Web sites finally provide investors the opportunity for cash in and retreat. In June 2010, Hurray! Holding Co., Ltd. under the ...
August 30, 2010 (Chinavestor) Hurray! Holding (NASDAQ:HRAY) transformed Ku6 Media Co (NASDAQ:KUTV) jumped out of the overbought monitor last Friday. Pace of V-shaped recovery for Acorn ...
BEIJING, Aug. 29 /PRNewswire-Asia/ -- Ku6 Media Co., Ltd., ("Ku6 Media" or the "Company", Nasdaq: KUTV) a leader in online video portal operations in China, today announced unaudited financial ...
Shanda Interactive Entertainment Ltd ( SNDA ) is scheduled to report Q2-2010 results on Thursday, September 9, 2010. In the last two quarters ending March 2010, the company's reported EPS fell ...
Ku6 Media Co., Ltd. (Nasdaq: KUTV | PowerRating), operator of the popular online video platform Ku6.com, made a debut on the stock market in the US via a backdoor listing. The Beijing-based ...
Ku6 Media's Conference Call will be held on Sunday, August 29, 2010 at 10:00 pm (Eastern Daylight Time), which is Monday, August 30, 2010 at 10:00 am (Beijing and Hong Kong Time) Aug. 24, 2010 (PR ...
HUNDREDS of teenagers across West Sussex had their first taste of exam success as they picked up their GCSEs today (Tuesday, August 24). Click on the panel above to see a slide show of photographs ...
Hurray! Holding Co., a company in online video portal operations, artist development, music production, wireless music distribution and other wireless value-added services in China, announced that ...
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