Day: April 20, 2007

Categories
China Stocks

Spam Messages from Home Inns HMIN

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Last Updated on April 20, 2007 by stlplace

Occasionally I received spam text messages from unknown people. People want to sell cars, apartments, etc. But yesterday I got a message from Home Inns (Rujia), it promotes the post “Golden week”(May 1 to 7) sales: it will give one night free during May 6 to 10 if I stay in their hotels for 3 nights. I can not stop laughing.

Separately, Home Inns is selling more shares (stocks), it will get $30 m from the proceeds to build more hotels. The competition among economy hotels in China are heating up.

Categories
China

Is China Imitating US too closely?

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Last Updated on April 20, 2007 by stlplace

That’s how I felt after spending a lot time in China in last 2 years. China is essentially the US in 1950 and 60s. The cars. The urbanization (people move from rural areas to cities). The chain restaurants, hotels, and hair salons. The malls. The new industrial zone such as ZhangJiang and MinHang. The credit cards. The new apartments and houses. The highways. The bullet train. The new banks (foreign and domestic).

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