Reading Time: < 1 minute Yesterday, ICBC, Industrial and Commerce Bank of China (6001398.SS), went up 0.57 (just one cent shy of 10%), and closed at 6.37 Yuan. With that price, ICBC exceeded Citibank and became the world largest bank (market cap wise), and closes in Microsoft in terms of market cap (bloomberg). I remember last time ICBC closed in
Reading Time: < 1 minute I placed a market order before the market open. The last time I did something similar is two years ago when the Ninetowns reported that their customers (Chinese goverment) would no longer pay them for the software. They would get a free version instead. But HLYS did worse in terms of the stock. It closed
Reading Time: < 1 minute There are many activies to celebrate this special occassions. Here is the logo at google.cn.
Reading Time: < 1 minute Heelys reported a decent second quarter, at the same time it warned its second half will be more challenging. “Challenging” is a polite word, “go off track” is more proper in my mind. So I guess I will take my loss tonight when the market opens. With Heelys report, all my 6 stocks reported earning.
Reading Time: < 1 minute I found this knock off iPod Nano at Taobao, Mr. Ma Yun’s company. Note his big baby Alibaba is preparing for the IPO in Hongkong later this year. It appears to me this “grey market iPod” looks very much like the real one; and it has its own market, because fashion-chasing teenagers in China want
Reading Time: < 1 minute 1) Traders, including the grannies sitting in China stock brokage houses. 2) Hedging fund: people who have short positions, options…all these are closely related to the general market, and can have a wider swing than common stocks. 3) Mutual fund: because they have a large portifolio, they are exposed to the general market condition (weak,
Reading Time: < 1 minute Here are the results. The important thing is they beat the est. and raised the guidance again. I also listened to its conference call, some interesting information: 1) The company plans to increase its international sales headcount to more than 200 people by the end of 2007 and to open offices in Amsterdam, Mexico City,
Reading Time: < 1 minute The China stock market is breaking new high again, after the May 30 “man made” crash, and amid the “housing and financial crash” in the US. Yesterday I heard from a family member, who was fairly cautious about the stock market, now thinking about put the money back to the market. This is confirmed by
Reading Time: < 1 minute The pictures are hosted at Yupoo (China), please be patient if you are in the US as I am supporting our domestic brand. Babi bun, the breakfast place just raise the price because of rising pork cost. Residential Inn, it looks like the Marriot residential inns in the US, I have not stayed there so
Reading Time: < 1 minute Some pictures taken on the airplane. The AA289 (from ORD to PVG) flies through Canada, Arctic ocean, Siberia, Mogolia and China. Queen island in Canada Wing
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