Reading Time: < 1 minute (Update 07Mar07) I saw an updated F1 prospectus at SEC web site. So I would assume the IPO is still on? Just heard from a friend in the States, this is not offical, but the rumor is the IPO is called off. I assume the reason is the recent sell off of Chinese stocks inside and
Reading Time: < 1 minute This is from what I feel after spending 36 hours Shanghai. I read quite a few newspaper, magazine, and watch the “finance” section on the TV (first Caijing etc.), as part of research for Xinhua Finance Media IPO, stock market is a very hot topic in all those places. The scary part is, in one program this analyst promoted how
Reading Time: < 1 minute 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
Reading Time: < 1 minute 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
Reading Time: < 1 minute I received an Email from my broker WR Hambrecht asking me if I am interested in Xinhua Finance IPO. I talked it a little in a previous post; now I feel it’s not another Maritz. Also after yesterday’s crash, I got a little warmed up on it. So I called them and indicated my interest. Don’t know if I will get
Reading Time: < 1 minute First, a little disclaimer, the title was inspired by my friend Zhong Siwei “Let’s think China” blog. I think this pretty well summerizes the “blaming game” after yesterday’s global market sell off. Whether it has credit or not, from CNBC to the Newspaper and Internet, all fingers pointing to one place, China. No wonder typically soft spoken Premier Wen Jiabao, firmly declared
Reading Time: < 1 minute Today, Feb 27 Tuesday, the Chinese Stock Market got a huge sell off. You can see some rationale from this Seekingalpha article. This sell off also spread to the US market, not surprisingly some of the Chinese ADRs such as HMIN and MR also dropped 10%. Is it the beginning of a bear market? Or merely a correction? I don’t
Reading Time: < 1 minute Mindray, the leading medical device maker in Shenzhen, is hiring. Here is the link in Chinese. Most are R&D positions. And some campus recruiting events. Interestingly, I noticed they are looking for Spanish, Portuguese, German and Russian speaking sales person, as shown in this ad. From this and previous company’s SEC filings we can see the company still
Reading Time: < 1 minute It will report the earnings after market today. The Street est. earning is $0.62, but I think the whisper number is much higher. In other words, even if it beats the earning, if it issues a soft guidance, the stock may get punished tomorrow. This is the danger of “playing ERs” with hot stocks. Interestingly, Sage
Reading Time: < 1 minute Friday evening I attended the New Year celebration at Olin School of Business, Washington University. It was organized by Greater China Club. Very well orchestrated, although the party is a bit late since New Year was Feb 18. I remember a few months ago our friends Indian students celebrated their Dawali. I think both groups did well in showing the Olin
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