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Doug Young

IPOs: iQiyi, Bilibili Juice Up Fund-Raising Targets

Doug Young 03月19日

财新传媒英文部编辑

Bottom line: iQiyi and Bilibili should price near the top of their higher IPO price ranges, as each benefits from strong investor sentiment fueled by their unique offerings and a potential new plan to concurrently list their shares in China. 

Anyone who was worried that a regulatory crackdown on fintechs late last year might dampen broader enthusiasm for Chinese stocks can relax. That's my key takeaway from the latest headlines, which show that two non-fintech Internet firms are experiencing ...

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Doug Young

VIDEO: Xunlei Founder Resigns as CEO, Sale Coming?

Doug Young 06月30日

财新传媒英文部编辑

Bottom line: The resignation of Xunlei's founder as CEO, even as he retains his chairman's title, could indicate a sale is coming soon, with the most likely buyer as Xiaomi.

Big shifts happening in Xunlei boardroom

The incredible shriveling online video company Xunlei (Nasdaq: XNET) is making a tiny splash in the headlines as we head toward the weekend, with word that its founder is relinquishing his position as CEO. The move seems potentially significant, since one of t...

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Doug Young

Bottom line: A tussle that resulted in injuries to a Tencent worker by a Youku peer at an industry event reflects the big tensions that exist in China's online video sector due to years of stiff competition that shows no signs of easing.

Wine glass incident reflects tensions in online video

Stiff competition in a wide range of online industries is pretty much par for the course in China, but a scuffle between employees of Tencent (HKEx: 700) and Youku at an industry even...

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Doug Young

Bottom line: iQiyi's issue of convertible notes to raise its latest $1.5 billion shows it continues to post big losses, and investors are increasingly skeptical that it can become profitable in the next 2 years.

iQiyi lures investors with convertible notes

It seems no one is quite ready to believe that China's cash-burning online video sites are ready for the profit column just yet. That seems to be the message coming from Baidu-backed (Nasdaq: BIDU) iQiyi, one of the le...

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Doug Young

VIDEO: Embattled LeEco Sued in HK as Bills Pile Up

Doug Young 12月05日

财新传媒英文部编辑

Bottom line: A new Hong Kong lawsuit against LeEco by a small creditor over unpaid bills could mark the start of a new wave, which could ultimately snowball into a new crisis as its partners scramble to get back money they're owed before it's too late.

HK newspaper sues LeEco for unpaid debt

I've been skillfully avoiding writing about the embattled LeEco (Shenzhen: 300104) for the past month, even as the former online video high-flyer landed at the center of a storm that...

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