ChinaScope Fina...'s  Instablog

Prepared by ChinaScope Financial | Source:Tencent

• Suntech Power Holdings Co., Ltd. (STP: NYSE) (the company) announced its preliminary financial results for 2012, indicating that the company shipped approximately 1.8GW of photovoltaic (PV) products, in line with prior expectations. Company revenue for 2012 was approximately USD 1.63 billion, down 48 percent year-on-year (YoY).

• For the fourth quarter of 2012, Suntech Power's shipments of PV products declined by approximately 4 percent from the third quarter of 2012. Company revenue in 12Q4 reached approximately USD 358 million, down 8 percent quarter-on-quarter (QoQ).

• On March 20, Wuxi Suntech Power Co., Ltd., the main unit of Suntech Power, was forced into bankruptcy proceedings. As of the end of February 2013, nine creditor banks including the Industrial and Commercial Bank of China (01398: HKG; 601398: SHA), the Agricultural Bank of China (01288: HKG; 601288: SHA), and the Bank of China (03988: HKG; 601988: SHA) had granted a total of CNY 7.1 billion in line of credit to Wuxi Suntech Power Co., Ltd.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Prepared by ChinaScope Financial | Source:Yahoo

• Suntory Holdings Group announced on April 30 that it has formed a strategic partnership with Tsingtao Brewery Co., Ltd. (00168: HKG; 600600: SHA) to set up two joint ventures (JVs) in Shanghai.

• The 50:50 JVs will specialize in the brewing and distribution of beer beverages under the brand of Suntory and Tsingtao, placing primary focus on beer businesses in Shanghai and the Jiangsu Province.

• Suntory Holdings Group is one of the oldest companies engaged in the distribution of alcoholic beverages in Japan, while Tsingtao Brewery is China's leading beer brewer and distributor.

Prepared by ChinaScope Financial | Source:Ifeng

• Sina Corp. (SINA: NASDAQ) announced on April 29 that its subsidiary, Weibo Corporation (Weibo) has reached a strategic cooperation agreement with Alibaba Group (Alibaba) to jointly explore social commerce and develop innovative marketing solutions to enable merchants on Alibaba e-commerce platforms to better connect with Weibo users. According to the agreement, Alibaba will spend USD 586 million purchasing preferred shares and ordinary shares, which account for approximately 18 percent of Weibo. Sina will grant an option to Alibaba to enable Alibaba to increase its stake in Weibo to 30 percent at a mutually agreed valuation within a certain period of time in the future.

• Sina and Alibaba will cooperate in the areas of user account connectivity, data exchange, online payment and online marketing, among others, and will explore new business models for social commerce based on the interactions of hundreds of millions of users on Weibo and on Alibaba's e-commerce platforms. The strategic partnership is expected to generate approximately USD 380 million in revenues from advertising and social commerce services for Weibo over the next three years.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.