Reading Time: < 1 minute Some pictures taken on the airplane. The AA289 (from ORD to PVG) flies through Canada, Arctic ocean, Siberia, Mogolia and China. Queen island in Canada Wing

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 I read its earning report this morning (Shanghai is 12 hrs ahead of US EDT). They reported an inline quarter. In the past that could send the stock tank. Not this time, because the stock has been down 27% since Jan 1. The expectation is already very low. With a PE about 33, and revenue

Reading Time: < 1 minute Here is the results from PR NewsWire. To summarize: Net sales from continuing operations for the second quarter 2007 of $30.4 million were up 16.4% over the $26.1 million for the second quarter of 2006. North American sales of $11.8 million in the second quarter 2007 increased 8.2% from 2006. European sales of $12.8 million

Reading Time: < 1 minute I went to the China Merchants Bank today, to exchange some USD into CNY. The rate is 7.5544. From what I read, the US senate has passed a bill to push China to appreciate the CNY more faster. That certainlly did not help me (get more Chairman Mao for my green backs). On a positive

Reading Time: < 1 minute I read it from the Forbes, Crocs bought Bite Footwear. I checked out Bite’s web site, it looks they make sports sandals, which reminds me of the “Keen” branded outdoor sandals sold in Dick’s Sporting Good. Don’t know if they are comfortable or not, but the Keens are not cheap. One interesting thing I saw

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 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. I think I will miss a

Reading Time: < 1 minute Here is the results (details from business wire). I will add more after listening to its conference call. — Second Quarter Revenues Increased 162% to $224.3 Million vs. $85.6 Million Last Year (analyst expected 188.49 to 204.20) – Company Reports 2Q07 Diluted EPS of $0.58 vs. $0.19 Last Year- (analyst est. 0.40 to 0.48) —

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