Reading Time: < 1 minute Student studying at KFC, I also see students studying at McDonald. Note in China both KFC and McDonald are fashionable gathering places for middle/high school and college students. My first Chinese KFC meal in many years, I got headache after eating that πŸ™

stlplace
August 11, 2007

Reading Time: < 1 minute Last Friday (August 10) we got married at Shanghai Xuhui District marriage license office. The place we received the certificate and pledge (swear?) our oath.

stlplace
August 11, 2007

Reading Time: 3 minutes I got to see Michael on CCTV Channel 2 yesterday. He was participating a show as a guest. The show is about the “entrepreneurs born after 1980s” (Michael was born in 1960s). I noticed he said something interesting about New Oriental “listed in NYSE”: if I could regret, I wish we haven’t done that. On

stlplace
August 9, 2007

Reading Time: < 1 minute Yesterday, ICBC, Industrial and Commerce Bank of China (6001398.SS), went up 0.57 (just one cent shy of 10%), and closed at 6.37 Yuan. With that price, ICBC exceeded Citibank and became the world largest bank (market cap wise), and closes in Microsoft in terms of market cap (bloomberg). I remember last time ICBC closed in

stlplace
August 8, 2007

Reading Time: < 1 minute I placed a market order before the market open. The last time I did something similar is two years ago when the Ninetowns reported that their customers (Chinese goverment) would no longer pay them for the software. They would get a free version instead. But HLYS did worse in terms of the stock. It closed

stlplace
August 8, 2007

Reading Time: < 1 minute Heelys reported a decent second quarter, at the same time it warned its second half will be more challenging. “Challenging” is a polite word, “go off track” is more proper in my mind. So I guess I will take my loss tonight when the market opens. With Heelys report, all my 6 stocks reported earning.

stlplace
August 7, 2007

Reading Time: < 1 minute I found this knock off iPod Nano at Taobao, Mr. Ma Yun’s company. Note his big baby Alibaba is preparing for the IPO in Hongkong later this year. It appears to me this “grey market iPod” looks very much like the real one; and it has its own market, because fashion-chasing teenagers in China want

stlplace
August 7, 2007

Reading Time: < 1 minute 1) Traders, including the grannies sitting in China stock brokage houses. 2) Hedging fund: people who have short positions, options…all these are closely related to the general market, and can have a wider swing than common stocks. 3) Mutual fund: because they have a large portifolio, they are exposed to the general market condition (weak,

stlplace
August 6, 2007

Reading Time: < 1 minute Here are the results. The important thing is they beat the est. and raised the guidance again. I also listened to its conference call, some interesting information: 1) The company plans to increase its international sales headcount to more than 200 people by the end of 2007 and to open offices in Amsterdam, Mexico City,

stlplace
August 6, 2007
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