Reading Time: < 1 minute I wrote about Chatea, a Chinese fast food company a while ago. I have been there in my China trip last year. Apparently they are expanding all these years and they just announced a new round of funding. GGV (together with IDGVC, SIG, Neil Shen, TECO and FMCG) invested $10.68 m for 20% stake. Note Neil Shen (co-founder of Ctrip and
Reading Time: < 1 minute It appears that Mindray started new offering today. I read its SEC filings here. The insiders will sell 9,827,220 shares and the underwriter will have option to buy additional 1,474,083 shares from selling share holders. That alone won’t have dilution effect. Separately, the company filed S1 form for stock options registration. That will dilute the
Reading Time: < 1 minute From The Standard: “China Huiyuan Juice Group, the mainland’s largest fruit juice maker, is forecast to post 222 million yuan (HK$223.08 million) in net profit in 2006, up 106 percent over a year ago. The company recorded 108 million yuan in net profit in 2005, up 486 percent from the previous year. Huiyuan is seeking
Reading Time: < 1 minute Counting the economy hotels in China: Jinjiang Inn: 139 hotels in 44 cities (including under development) as of June 2006, owned by Jinjiang Group (HK Stock Exchange, 2006.HK), started in 1996 (Shanghai). Home Inns (Nasdaq, HMIN): 134 (94 leased, 40 franchised, 39 cities) as of Dec 31 2006, founded by Ctrip founders Ji Qi, Neil Shen
Reading Time: < 1 minute I made a mistake on the market cap of Home Inns (Rujia, just like home), in my previous post (corrected now). The correct number is stock price * number of shares, or $44.93 * (32,283,906 / 2 + 5,874,237 ) = $839,479,146 The number of shares 32,283,906 is from its Q3 2006 report. 5,874,237 is
Reading Time: < 1 minute Zhao Huan Yan, a Chinese blogger, has an excellent blog about the developments of hotels and motels in China. He put together lots of statistics (numbers) there. The Alexa ranking of hotels is interesting. Again don’t take this too seriously. Unfortunately (or fortunately for me), it’s all in Chinese.
Reading Time: < 1 minute It’s about $44 now. Today IBD published an article about Home Inns. The author’s view is a little too optimistic: as I understand serious domestic competitor includes motel168, besides the Jinjiang Inn. I noticed Jinjiang Inn also offers free broad band Internet now, as this was a key differentiator for Home Inn/Ru Jia in the past. Super 8,
Reading Time: 2 minutes It seems not very intuitive that Focus Media (FMCN), a LCD media advertising company, has done better than Baidu (BIDU), the No. 1 search engine in China. After all , putting up the LCD screen, soliciting the advertising customers, and creating those short films are not high tech as “search engine”, which involves creating a
Reading Time: < 1 minute There are lots of talk about the Starbucks store in Forbidden City in Beijing these days. It started in Chinese demestic media, and now it speads all over the world (tonight I saw it on BBC). I happened to take a picture of that Starbucks store during my 2005 visit to Beijing. Personally I also
Reading Time: < 1 minute Yes. It’s up and running now. Here is the link. I don’t know exactly how new IPOs got the message board started. It usually takse many requests, and lots of patience. Oh, don’t take the discussions (especially the price target) too seriously. Because if you believe it and trade accordingly, you may regret later. That being said, I
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