Young’s China Business Blog – Oct 11th

 

                      YOUNG’S CHINA BUSINESS BLOG
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                                                    DAILY NEWSLETTER
                                                     October 11, 2013
   
  Shunfeng: China’s Emerging Solar Heavyweight?  ????? ??????????
  China’s solar retrenchment has taken a big step forward with word that a bankruptcy court has chosen Hong Kong-listed Shunfeng Photovoltaic (HKEx: 1165) from a field of bidders vying to invest in reorganizing former solar pioneer Suntech (NYSE: STP). The decision is interesting both because of who the bankruptcy court selected, and also because of who lost the bidding. The selection of Shunfeng looks particularly significant, as it could mark the emergence of a new major player as the battered solar panel sector finally starts to emerge from its 2-year-old downturn.
   
   
   
   
   
   
  Lenovo Eyes HTC: Finally A Smart Move  ????HTC
  After years of dodgy acquisitions targeting struggling rivals, Chinese PC giant Lenovo (HKEx: 992) is finally making some acquisition bids I like, with reports the company is in talks to buy former Taiwanese smartphone superstar HTC (Taipei: 2498). This new report looks quite interesting, as it comes just 2 months after media speculated that Lenovo could make a bid for BlackBerry (Toronto: BB), another former smartphone high-flyer whose fortunes have also faded rapidly due to its failure to keep up with the latest trends. But Lenovo wisely decided to skip Canada-based BlackBerry, which would have been difficult to turn around for a number of reasons, including cultural and other structural issues due to its roots as an email specialist.
   
   
  News Digest: October 11, 2013 ???2013?10?11? : Alibaba, Suning, China Mobile, Warid Telecom, Tencent, Ctrip, ????? ??? ????? ??? ??