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Piggy back usually won’t work

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I bought some NINE (Ninetowns) shares for the 3rd time last Dec. for two reasons:

1) It’s getting into B2B business. A successful example of B2B in China is Ma Yun’s Alibaba, which has done well (at least generated lots of buzz), and is planning to go IPO in Hongkong this year.

2) Duan Yongping, the founder of BuBuGao, the successful investor who won the bid to have lunch with Warren Buffett last year, bought sigificant shares of NINE last year.

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