Alipay wechat Pay

I was travelling in China for 9, 10 days recently, and I can see those two payments method everywhere. From the small food stall to KFC, one of those two methods are widely accepted, and in many cases cash transactions are very rare. I noticed this trend about 1.5 years ago during my China trip […]

Ag Bank of China IPO: bull case, bear case

Business week: Summary Box: China’s AgBank IPO nabs $19.2 billion. Wiki; Official web site of Ag Bank China’s (ABC, 中国农业银行股份有限公司). (source: ForeignHR) Bear case Ag bank of China primarily serves the less-developed regions and people in China: the rural areas, the villages, the farmers and peasants, the agriculture related business. Since the founding of People’s […]

Who is Sichuan Tengzhong?

四川腾中重工(in Chinese, Sichuan Tengzhong Heavy Machinery) The little known Chinese Co. who bought Hummer brand from GM yesterday (News: Bloomberg; Reuters; Tengzhong web site). Quote Reuters: Tengzhong, formed in 2005 through several mergers, makes special-use vehicles such as dump trucks and fuel tankers, as well as construction machinery, energy equipment, and structural components for highways […]

Huntsman named new US ambassador to China

I knew about Huntsman (the company) because of last year’s private equity back out from announced acquisition. And I knew Jon Huntsman Sr. found Huntsman Cancer Institute, besides founding the Huntsman chemical company. I didn’t know Jon Huntsman Jr. is a moderate (pragmatic) republican, and he and his wife has adopted a baby girl from […]

GM, China giant stimulus package

My initial thought China announced a giant $586 billion economy stimulus package a few days ago. My first response was not warm to it: I always think the Chinese goverment should invest in “Education and healthcare”. Infrustructure? Did not China already get really good infrustructures in the coastal areas including Beijing? China’s economy problem is […]

China Mobile Group got robbed

According to Chinese news, China Mobile’s ultimate parent, the China State Asset Management Co. (CSAM), took 50 billion Chinese Yuan (about 7.30 billion USD) from China Mobile Group (the parent of China Mobile Limited, NYSE: CHL; HKSE:0941), and gave it to China Telecom. For CSAM, this is merely put money from left pocket to right […]

Weekend review w/e 072608

A subdued Olympics rally? The Olympics is coming. But we are not seeing much sign of an Olympics stock market rally, both in Shanghai, or in New York. The Shanghai composite index is barely above 52 week low, at around 2800 to 2900 range. Two of the Beijing 2008 Sponsors, China Mobile (NYSE: CHL) and […]