Reading Time: 2 minutes 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. Income Yesterday evening an old friend of mine, who works for a investment research firm, told me a fresh graduate is paid
Reading Time: < 1 minute 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
Reading Time: < 1 minute I read this from Netease: Perfect World, a Chinese online game co., will debut in Nasdaq under ticker symbol PWRD tomorrow July 27. Here is the prospectus from SEC. The company was not profitable in 2005, and 2006, but it turned corner in Q1 2007. It seems other Chinese online game companies are also coming
Reading Time: 2 minutes It’s the Chinese Yuan (CNY), or Ren Ming Bi (people’s money). In early march, when I was in Shanghai, one USD is worth 7.72 Yuan, now it’s about 7.56 Yuan, a loss of about 2% in about 4 months. It appears this trend is not going to stop for a while. This is scary if
Reading Time: < 1 minute in its fiscal Q4 2007 earning. The analysts were expecting 1 cent, while EDU reports loss of 4 cents. Ouch, that’s even worse than last week’s Google’s miss (3 cents). Seriously, I don’t think missing a few pennies is not big deal for long term investors. But the reason behind the miss is more important.
Reading Time: < 1 minute MR closed above HMIN the first time since its IPO last Sept. MR closed at 30.89, while HMIN closed at 30.81. This comparison is mostly for fun. But seriously I do think HMIN is increasing under competitive pressure in China. Here is another hotel chain, Hanting Hotels, founded by Ji Qi, the co-founder of Ctrip
Reading Time: 2 minutes Among Chinese CEOs, I think Wang Shi is real good. I read his book “Road and Dream” lately. Very impressive. Consider what he and his team has done in last 20 years: from nowhere to No. 1 residential real estate developer in China; more importantly, they create a “Vanke” community, the kind of community Chinese
Reading Time: 2 minutes From the F1 Prospectus: “…Mr. Zhou has over 14 years of experience in China’s real estate industry. Mr. Zhou has been the chairman and president of Shanghai Real Estate Consultant & Sales (Group) Co., Ltd. since 2003. From 1997 to 2003, he served as a director and the general manager of Shanghai Real Estate Exchange
Reading Time: < 1 minute Pacific Epoch is a boutique investment research firm based in Hongkong (and Shanghai?). I read its China financial news from time to time, and liked its content. It also provide services and reports to institutional investors. This is the price tag for translating a Chinese article, $5000 (to see a bigger pic, click below). Man,
Reading Time: < 1 minute (Update July 19) CNNMoney has an article about Mindray (the original article was on IBD). (Original) The annual report is out. You can get it from its IR Home. From first glance, it’s looking sharp (I mean, the graphic design). Second quarter results will be announced on August 6 after US market close (8 AM
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