Reading Time: < 1 minute It’s official, the Hangzhou Bay bridge, which connects Ningbo (my hometown) and Shanghai (to be more precise, connects Ci Xi to Jiang Xing 南起浙江宁波慈溪市，北至浙江嘉兴海盐县), will open on this May, according to Ningbo goverment offical. Chinese news from Xinhuanet here. (source: sohu) At this time this is the longest sea crossing bridge in the world (36
Reading Time: < 1 minute Financial Times did a Top 10 Chinese global brands survey recently. And here are the winners. Did you notice anything interesting? I noticed BoC, Air China, China Mobile, China Telecom, Sinopec, CCB are state owned (majority owned); while Lenovo, Tsingtao beer, Haier and Baidu are public companies. I am a little puzzeled why ICBC and
Reading Time: 2 minutes It was a short while ago (last Nov) Alibaba did its high profile IPO in Hongkong. Now it’s back in the news again. Don’t get me wrong, Jack Ma (Ma Yun), the founder and Chairman of Ali, was always in the news. I remember a few years ago (when the company was private) he said
Reading Time: 2 minutes Bear Stern (NYSE:BSC) spoiled the market today. There was some confusion about Citic Securities recent agreement. As far as I know, according to Bloomberg, there was a small stock swap deal and potential JV. But lately they are under a talk to revise the deal. So nothing like the China Invest Co. Blackstone IPO fiasco.
Reading Time: 2 minutes In his annual letter to shareholders, Buffett said the “party is over”. He was referring to the insurance business, which is the cornerstone of Berkshire Hathaway. It appears the party for the economy hotels in China is over too. You can read this Chinese article at Sina if you know Chinese. This is understandable because
Reading Time: 2 minutes Mindray (NYSE:MR) continued its US market expansion today, as it agreed to buy the Patient Monitoring business of DataScope (Nasdaq: DSCP) for $202 m (see this Reuters news). My gut feeling is this is a fair deal. Mindray paid about 1.25 times sales revenue for the unit. According to Reuters: “The (DataScope) unit had total
Reading Time: < 1 minute By technical analysis (TA), I mean those candle charts, wave theory etc. Those are techniques day traders use frequently to make small profit out of price fluctuation. Nothing against it, but I feel those techniques are not useful for long term investors. Actually from I read, Buffett also learned all those stuff before, but obviously
Reading Time: < 1 minute Heng Yuan Xiang, 恒源祥, a wool clothing brand started in Shanghai since 1927, is airing the following ad in China. This Olympics sponsor TV ad is reciting 12 Chinese zodiacs (like spam). I think that’s why it got attention and also how it annoyed people, and drew critism. Well, annoying or not, you can make
Reading Time: < 1 minute A short while ago I decided not to short EDU. Today the EDU stock buy back program confirmed my reasoning. Here is their buy back plan (CNNMoney): New Oriental Education & Technology Group Inc. (NYSE:EDU) Thursday said its board had approved the buyback of 1 million American Depositary shares. The program is effective between Feb.
Reading Time: < 1 minute According to my friend Wang Jianshuo (and he got it through CCTV), Chinese people sent 5 billion text messages (SMS) for the New Year Greeting. Separately, I picked up more China Mobile shares (CHL) today. Average down is not the best approach, I may sell some CHL (I bought at higher cost earlier) later on,
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