You are browsing the Business category
October 26, 2007
Industrial and Commercial Bank of China(ICBC), the world’s largest bank by market capitalization, is buying 20 percent of South Africa’s Standard Bank Group Ltd. Standard Bank is based in Johannesburg and has branches in 18 African nations. The USD $5.5 billion price tag marks the most expensive overseas investment by... [continue]
| October 22, 2007
For those keeping scores at home, and we know you are, this is now the third installment on the on-again, off again love affair between Bear Stearns and the Chinese government sponsored investment firm, CITIC. At this point, we don't know what or whom to believe. Dow Jones Newswires broke... [continue]
October 20, 2007
Earlier this week, we told you that a Chinese state owned bank is in talks to buy a stake in US investment bank, Bear Stearns. Apparently, we got some bad info, well actually Dow Jones Newswires got some bad info. See what happens when Rupert Murdoch gets involved? Anyway, today,... [continue]
According to Bloomberg News, finance ministers of the G7 nations, currently meeting in Washington are once again expected to issue a strongly worded statement prodding China to do more with an undervalued yuan. The traditionally US championed trade tussle is getting some very vocal support from the Europeans and the... [continue]
October 17, 2007
Bear Stearns, the troubled US investment bank may soon find the People’s Republic of China among its key shareholders. According to Dow Jones Newswires, Jiang Dingzhi, vice chairman China Banking Regulatory Commission confirmed reports of China Citic Bank holding preliminary discussion with Bear Stearns for a stake in the Wall... [continue]
Advertisement: Shanghaiist Continues Below!
October 17, 2007
We don't often watch telly here, so this might be a bit late and some of you might have already seen this. In this ad, McDonald's calls for children to march their way to the Beijing Olympics next year! Way too cute! Does anyone know which agency was behind the... [continue]
October 16, 2007
Every year at some point in autumn, to the delight of Shanghai's local musicians, a gargantuan 4-day music exhibition arrives at Pudong's Expo Center. Called simply "prolight and sound", the music expo features 12,000 square meters of exhibition space and expects to attract at least 12,000 visitors this year. Instrument... [continue]
Left: Thomas Crampton interviews two experts on the Chinese internet landscape. Kaiser Kuo, Ogilvy China's digital guru, talks about the rapid growth of P2P services in China and contrasts it to the scene in the United States where Napster-like services are being kept on an increasingly shorter leash. Interesting... [continue]
October 12, 2007
Alibaba.com, China’s largest B2B commerce site is going public in Hong Kong in a few weeks. With the current frenzied market back drop, and Alibaba’s tremendous earning power (Goldman Sachs’ analyst pegs the site will earn a net profit of USD $83.8 million this year, up 186 percent from last... [continue]
October 11, 2007
Via China Net Investor, this interview of the founders of Shanghai-based dot.com Tudou.com, Gary Wang and Marc van der Chijs, serves up one very juicy tidbit of information — that Tudou.com is already streaming more minutes of video content every month than YouTube (15 billion minutes per month versus 3.5... [continue]
October 10, 2007
It serves espressos at RMB30 each, and there are NO customers in sight most of the time, not even on weekend afternoons. At least that's what Tim Johnson, the Beijing Bureau Chief for McClatchy Newspapers and author of the China Rises blog found on his recent visit. And apparently it... [continue]
October 9, 2007
Newsday.com brings our attention to Ellie Su, a 27 year old finance official from Dongguan who found a US$282.6 million error in the 2008 budget of the Nassau County Legislature barely 2 weeks into her internship there. On the page for debt service, it is reported, Su noticed one item... [continue]
Chinese investors came off of the October golden week in a buying mood. The A share market gapped higher and never looked back. At mid day break, the Shanghai Composite Index is up 3 percent, or 166 points at 5718, yet another record high. Speaking of buying, over the weekend,... [continue]
October 1, 2007
The latest issue of TIME Magazine has an interesting story of a US-based company that has just set up shop in where else but Inner Mongolia, to feed the millions of hungry Chinese who are now looking to eat something other than pork: Earlier this year, Western Cattle started to... [continue]