Reading Time: < 1 minute A few months ago I saw a statement from New Oriental about the “Oriental Standard”. I thought Oriental Standard was some “New Oriental” knockoffs, which also provide English education in China. I was wrong. After a little research, now I believe Mr. Yu Minghong owned the ancester of Oriental Standard (it’s called New Oriental Professional Education Center) before 2006. It’s
Reading Time: 2 minutes Zhao Huan Yan published his January report for China domestic hotels industry. I am interested to learn some update on the economy chain such as Jinjiang Inns. I noticed Expedia, the leading US online travel consolidator, is establishing partnership with Jinjiang Inn. It seems foreigners can use expedia to book the Jinjiang Inn soon. (Update 04Feb07) I looked up expedia,
Reading Time: < 1 minute It seems the “irrational exuberrance” in Chinese domestic stock market finally got a reality check. Here is an excellent article from MarketWatch. Again quoted from the article: “There was a story on the front page of The Wall Street Journal about a group of little old ladies in the Midwest who soured on their boring
Reading Time: < 1 minute I noticed they usually offer some discount during Chinese New Year. Because by tradition majority of people will stay with families (at home). Here are some promotions: Jinjiang Inn Home Inns English reservation pages: Jinjiang Inn Motel 168 Surprisingly Rujia doesn’t have English for reservation, although I did see foreigners when I stayed there. I think telephone
Reading Time: < 1 minute I wrote about Chatea, a Chinese fast food company a while ago. I have been there in my China trip last year. Apparently they are expanding all these years and they just announced a new round of funding. GGV (together with IDGVC, SIG, Neil Shen, TECO and FMCG) invested $10.68 m for 20% stake. Note Neil Shen (co-founder of Ctrip and
Reading Time: < 1 minute It appears that Mindray started new offering today. I read its SEC filings here. The insiders will sell 9,827,220 shares and the underwriter will have option to buy additional 1,474,083 shares from selling share holders. That alone won’t have dilution effect. Separately, the company filed S1 form for stock options registration. That will dilute the
Reading Time: < 1 minute From The Standard: “China Huiyuan Juice Group, the mainland’s largest fruit juice maker, is forecast to post 222 million yuan (HK$223.08 million) in net profit in 2006, up 106 percent over a year ago. The company recorded 108 million yuan in net profit in 2005, up 486 percent from the previous year. Huiyuan is seeking
Reading Time: < 1 minute Counting the economy hotels in China: Jinjiang Inn: 139 hotels in 44 cities (including under development) as of June 2006, owned by Jinjiang Group (HK Stock Exchange, 2006.HK), started in 1996 (Shanghai). Home Inns (Nasdaq, HMIN): 134 (94 leased, 40 franchised, 39 cities) as of Dec 31 2006, founded by Ctrip founders Ji Qi, Neil Shen
Reading Time: < 1 minute I made a mistake on the market cap of Home Inns (Rujia, just like home), in my previous post (corrected now). The correct number is stock price * number of shares, or $44.93 * (32,283,906 / 2 + 5,874,237 ) = $839,479,146 The number of shares 32,283,906 is from its Q3 2006 report. 5,874,237 is
Reading Time: < 1 minute Zhao Huan Yan, a Chinese blogger, has an excellent blog about the developments of hotels and motels in China. He put together lots of statistics (numbers) there. The Alexa ranking of hotels is interesting. Again don’t take this too seriously. Unfortunately (or fortunately for me), it’s all in Chinese.
Recent Comments