Tag: shanghai

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Business China

Best buy in Shanghai

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Last Saturday we went to Xu Jia Hui, one of the better known shopping centers in Shanghai. I voguely remember there were not too much when my bro and I visited there in 1991. It was completely developed in last 15 years. There are many stores, including Gang Hui Plaza, Metro City, etc. We found the newest store in Xu Jia Hui, Best Buy, the US electronics and applicance retailer. I heard from Wang Jianshuo the Best Buy opened its first store in Shanghai. But when I stood at the sky bridge leading to Best Buy, I was still a bit surprised. The store has 4 stories and lots of people, both customers and store clerks. Here are some pictures:

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China Fun

Shanghai snapshot III

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X5?

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maybe not?

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Categories
Life

A new beginning

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Last Friday (August 10) we got married at Shanghai Xuhui District marriage license office.

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The place we received the certificate and pledge (swear?) our oath.

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Categories
China Stocks

Shanghai report: income vs. spending

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Shanghai is an expensive city. I’m not talking about the red hot housing market, we all know the housing is getting very expensive here. I was talking about the relative income vs. spending.

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Yesterday evening an old friend of mine, who works for a investment research firm, told me a fresh graduate is paid CNY 3,000. This is actully fairly high pay for new college graduate, cosidering financial is a hot area, and the fresh graduate is from Tsinghua/Bei Da (think that as MIT, or Harvard of China), with very good spoken English.

Experienced people are paid more. I learned from anothetr friend who is a HR executive, about 10% of people makes more than CNY 10,000 per month. Note this is also the threshold of income tax.

In the IT arena, I know some senior developer positions at MSFT pays more than 20,000 Yuan per month. I believe other multinational companies should have equivalent pay.

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China Fun

iPod and Crocs in Shanghai

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Got back to Shanghai in the weekend; my limit observations in past 2 days suggest those two are hot besides the weather. Don’t run and buy stocks solely based on this.

Crocs: I saw people wearing Crocs near Zhongshan Park, at Hongqiao Parkson Shopping Mall and Jinjiang Chef (restaurant). Today my co-worker told me this thing was selling very well in the mall. I saw a guy wearing red crocs while riding motor cycle; and girl wearing Jibbitz too.

Apple iPod: by now probablly everyone in the US (who can get iPod) already got one (hint: yours truely also got one). But in China this iPod trend is in the early innings. Mac is also sold here. Maybe the iPhone will follow after everyone in the US got one?

Categories
Fun

Back to Shanghai (again)

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The local temperature is 29 to 38 Celsius, or 84.2 to 100.4 Farenheit.

Stock market: Shanghai composites is edging up to new high (at 4398.79 as of 10:25 AM July 30 local time).

I will talk about the craziness of “Crocs” in Shanghai later, and Sheng Jian Bao place.

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I think I will miss a few things on the other side of the ocean (definitely not work):

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China

Hongqiao Shopping Mall

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Went to nearby Hongkong (correct Apr.6: should be Hongqiao) shopping mall on Saturday. I did not realize it’s only one block’s away from my apartment. Here are some photos (to have a larger view, click on the picture). The fountain and front view:

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Categories
China Stocks

Got to Shanghai

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I am in Shanghai now. The flight connection was not as smooth as I expected, finanlly I got here about 5 and a half hours late than original schedule. I got oppertunity to see the new Beijing airport on the way: very impressive infrustructure. I guess it’s ready for the big party in 2008. I will talk more about my thoughts and airline customer experience later.

I also read Buffett latest anual shareholder letter as I talked in my previous post. Very good stuff and fairly easy to read.

My second reading assignment is Xinhua Finance Media F1 prospectus. I agree with some of the analysts the valuation is a bit high at $12  to $14. It implies a market cap of $800 m and note its 2006 revenue is about $59 m. I don’t think media and advertising industry enjoy a high margin. The growth oppertunity is there, so is the competition and challenge…I flipped through the TV channel and was impressed by the “No.1 Caijing”, the competitor program of Xinhua’s Fortune China. I tried to search for Fortune China but was not successful.  

Categories
China

Be in Shanghai for a While

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I will be in Shanghai this Saturday, and stay there for an extended period of time. I am going to do some bargain hunting, after the big drop in Shanghai stock market 🙂

Just kidding. Seriously, every time I visit China, I learn something new. This is not flattering. I hope this time I can learn more. If anyone who is interested in meeting a software guy with deep interest in stocks and business, we can talk in Chinese 中文 or English.

Be aware I may not update blog for 2 days due to travel.    

Categories
China

Living Cost in Shanghai

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Wang Jianshuo, the famous (yet low profile) blogger in Shanghai, wrote an excellent series about living cost in Shanghai.