Uber Gives Up on China, Sells Business to Rival Didi Chuxing
Afrasiab Mian - Zacks Investment Research - Mon Aug 01, 12:19PM CDT
After two years and billions spent trying to gain a solid foothold in the region, Uber conceded victory to rival Didi Chuxing in a deal to sell their China operations to the company for $7 billion.
LN: 46.52 (+0.80), TWLO: 54.88 (+0.48), AAPL: 109.36 (+0.28), BABA: 96.86 (-0.14)
Uber's Chinese rival acquiring company's China operations
By JOE McDONALD - AP - Mon Aug 01, 6:15AM CDT
BEIJING (AP) — Uber Technology Ltd. and its main Chinese competitor are combining their ride-hailing operations in China, ending a costly battle to attract riders.
WMT: 72.81 (-1.49), AAPL: 109.36 (+0.28)
The Zacks Analyst Blog Highlights: Apple, Tencent Holdings and Alibaba
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 8:30AM CDT
The Zacks Analyst Blog Highlights: Apple, Tencent Holdings and Alibaba
AAPL: 109.36 (+0.28), BABA: 96.86 (-0.14)
Gig economy arrives in China (officially); ride-sharing a go
By JOE McDONALD - AP - Thu Jul 28, 7:57AM CDT
BEIJING (AP) — China's Cabinet issued its first rules for ride-hailing and told local officials Thursday to promote the booming industry, confirming the legal status of Uber Technologies Inc. and local competitors following run-ins with regulators.
AAPL: 109.36 (+0.28)
3 Insightful Quotes from Apple (AAPL) CEO Tim Cook on Didi and China
Afrasiab Mian - Zacks Investment Research - Wed Jul 27, 3:53PM CDT
On Thursday, May 12, Apple Inc. (AAPL) announced that it had invested $1 billion in Didi Chuxing, China's largest ride-sharing service. There is a lot of speculation as to the rationale behind the investment, but in examining CEO Tim Cook's quotes on the topic, we can figure a few things out.
AAPL: 109.36 (+0.28), BABA: 96.86 (-0.14)
Don’t Rush Into The Line IPO
Lior Ronen - Amigobulls - Thu Jun 16, 6:35AM CDT
Messaging app Line filed for IPO in NYSE and TSE probably a few years later than it should have. Investors should pass on the Line IPO for now.
FB: 123.56 (-0.35), LN: 46.52 (+0.80)
Chinese ride-hailing service raises $7.3 billion
AP - Thu Jun 16, 1:09AM CDT
BEIJING (AP) — Chinese ride-hailing service Didi Chuxing, the main local competitor for Uber Technologies Ltd., said Thursday it has raised $7.3 billion from investors, adding to intensifying rivalry in the market.
AAPL: 109.36 (+0.28)
Didi Chuxing’s 2017 IPO Is An Attractive Investment Opportunity
Lior Ronen - Amigobulls - Thu May 26, 5:35AM CDT
Investors should keep Didi’s IPO on their radar. Didi is an attractive investment that could yield an impressive upside in the future
AAPL: 109.36 (+0.28), BABA: 96.86 (-0.14)
Why Apple plunked $1 billion into Chinese ride-hailing
By RYAN NAKASHIMA - AP - Fri May 13, 7:50PM CDT
LOS ANGELES (AP) — Apple new $1 billion investment in the Chinese ride-hailing service Didi Chuxing is as much about currying favor with regulators as directly expanding its own business, analysts said. Apple might need the help; it faces slowing iPhone sales and tougher restrictions on its services in the country.
AAPL: 109.36 (+0.28)
Business Highlights
By The Associated Press - AP - Fri May 13, 5:30PM CDT
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GM: 31.83 (+0.28), AAPL: 109.36 (+0.28)
Can WeChat Catch Up to Facebook Messenger and WhatsApp?
Adam Levy, The Motley Fool - Motley Fool - Thu Apr 28, 10:00AM CDT
IMAGE SOURCE: WECHAT. More text messages are sent through messaging apps today than SMS ever saw. The two biggest apps, Facebook Messenger and WhatsApp, account for 60 billion messages a day, more than three times the number of SMS messages sent...
FB: 123.56 (-0.35)
Tencent's WeChat Takes a Page From Facebook
Andrew Tonner, The Motley Fool - Motley Fool - Fri Mar 25, 8:09AM CDT
Source: Tencent WeChat Messaging apps are the new social networks, and this trends carries sweeping implications for tech investors everywhere. Already, a number of firms including Facebook and China's Tencent have established strong...
FB: 123.56 (-0.35)
What are Investors Looking at -- Research on New Western Energy, Tencent Holdings, Torex Gold Resources and Biotech Products Services and Research
ACCESSWIRE - Tue Mar 15, 7:40AM CDT
NEW YORK, NY / ACCESSWIRE / March 15, 2016 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: New Western Energy Corp. (OTC: NWTR), Tencent Holdings Ltd. (OTC: TCEHY), Torex Gold Resources Inc (OTC: TORXF) and Biotech Products Services and Research Inc (OTC: BPSR). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
Why Buying Baidu Inc Is a Great Way to Play Chinese Stock-Market Carnage
Sean O'Reilly, The Motley Fool - Motley Fool - Fri Jan 15, 2:57PM CST
Last October, I wrote that Baidu Inc was a screaming buy despite the current travails affecting the Chinese economy and stock market. While the call proved prescient, with shares of BIDU rallying more than 40% as the market realized that the...
BIDU: 177.53 (+2.13)
Alibaba to Invest $1.25B in China's Food Delivery App Ele.me
Zacks Equity Research - Zacks Investment Research - Mon Dec 28, 1:30PM CST
According to Caixin, Alibaba (BABA) has agreed to invest $1.25 billion in Chinese online food delivery service, Ele.me.
AMZN: 757.31 (-7.15), BIDU: 177.53 (+2.13), BABA: 96.86 (-0.14)
Google's New Messaging App with Artificial Intelligence: WSJ
Zacks Equity Research - Zacks Investment Research - Wed Dec 23, 12:30PM CST
The Wall Street Journal reported that Alphabet Inc.'s (GOOGL) Google is developing a mobile messaging application.
AMZN: 757.31 (-7.15), FB: 123.56 (-0.35), GOOGL: 799.65 (-3.10)
Can Baidu Stop Apple From Dominating Another Market in China?
Adam Levy, The Motley Fool - Motley Fool - Fri Dec 18, 9:34AM CST
Apple Music entered China at the end of September. Source: Apple Earlier this month, Baidu 's troubled Music division merged with Taihe Music Group, a leading Chinese music label. Baidu Music is one of the largest music services in the world with...
BIDU: 177.53 (+2.13), AAPL: 109.36 (+0.28)
Alibaba Strikes Content Deal with Disney, Shares Up 2.4%
Zacks Equity Research - Zacks Investment Research - Wed Dec 16, 8:10AM CST
Chinese e-commerce giant Alibaba Group (BABA) has struck a significant content deal with The Walt Disney Company (DIS).
BIDU: 177.53 (+2.13), DIS: 96.39 (-0.26), BABA: 96.86 (-0.14)
Why Baidu Is Well-Positioned To Monetize FinTech In China
Lior Ronen - Amigobulls - Thu Nov 19, 12:52AM CST
While Tencent & Alibaba have opened online-only banks, Baidu's (NASDAQ:BIDU) partnership with Citic enables online and offline presence, giving it the edge.
BIDU: 177.53 (+2.13), GOOGL: 799.65 (-3.10), GOOG: 775.42 (-2.08), AAPL: 109.36 (+0.28), BABA: 96.86 (-0.14)