China Economy Forum

[cirr]

This is crazy。This is insane！

小米手机官网——小米手机唯一官方æ*£å“é”€å”®ï¼Œå°ç±³2S ï¿¥1699 ，小米2A ï¿¥1499

By Leo Mirani @lmirani 10 hours ago

Lei Jun, CEO of Chinese mobile phone company Xiaomi, confirmed today on his Sina Weibo account that a recent round of funding valued the company at $10 billion. He did not go into details but that means the three-year-old company, valued last year at $4 billion, is now worth nearly twice as much as Blackberry and is on par with Lenovo, founded in 1984. Quartz first reported the prospective rise in Xiaomi’s valuation two months ago. The company’s rapid rise is all the more astonishing considering that Xiaomi only makes mobile phones, sells them only in China, Taiwan and Hong Kong, and hadn’t hit the market until two years ago. Here’s how Xiaomi’s valuation got so big:

Good value: Xiaomi phones are very cheap. They are also rather attractive. The Xiaomi Hongmi, released earlier this month, is priced at $130. Yet it offers a large, high-resolution screen, fast processor, and a good camera. Millions of people signed up to get one as soon as the phone launched. Its higher-end phones retail in the region of $300. That renders moot comparisons to Apple ($600 and upwards for the iPhone 5) and even Samsung’s mid-range devices (between $200 and $300). And it explains why a company that sold just 7 million devices for $2 billion in revenue last year can double its forecast for this year to 15 million, and then raise it again to 20 million.

Great timing: The mobile landscape has changed beyond recognition in the past two years. Global smartphones sales doubled from about 100 million per quarter in 2011 to well over 200 million in the first three moths of this year. The rise of the mobile phone has affected everything from website design and traffic to the personal computer business. Xiaomi entered the market just at the cusp of this boom. With its high-quality, low price devices and a chief executive who emulates Steve Jobs it was always going to do well.

Huge potential: Xiaomi recently displaced Apple to become the sixth-largest selling smartphone maker in China but it only controls a mere 5% of the market. Its CEO wants to do more with the platform he provides, likening the phones Xiaomi sells to Amazon’s Kindles. He should know a thing or two about that; he made his first fortune with Joyo.com, a large e-commerce company that Amazon bought for $75 million in 2004. And then there is the rest of the world, which Xiaomi, with its image yet untarnished, may have a better chance of wooing than its peers Huawei and Lenovo.

How Xiaomi became as big as Lenovo in just three years – Quartz

 

[Kolaps]

$10 billion

A value of a HYPE.

Don't get too exciting about it!

 

[cirr]

$10 billion

A value of a HYPE.

Don't get too exciting about it!

It is a great pity that Taiwan's HTC has gone from a darling of the market to an outcast in a short span of time。

This is the world we are living。

 

[peaceful]

It is a great pity that Taiwan's HTC has gone from a darling of the market to an outcast in a short span of time。

This is the world we are living。

Taiwan is only capable of producing low end crap, they don't have decent R&D capacity whatsoever.

In case you can't agree with me, tell me how many research paper produced by Taiwanese researchers got pbulished on Science / Nature in 2012.

I repeat: it is small island dedicated to low end products.

 

[shuttler]

After Geely (see below), Great Wall Motors annouces its H1, 2013 results:


Great Wall Motor says H1 net profit up 73.7 pct at 4.1 bln yuan


link

HONG KONG | Thu Aug 22, 2013 5:07am EDT

Aug 22 - For a full statement on the results of Great Wall Motor Co Ltd , which is China's top manufacturer of sport utility vehicles and pick-up trucks, please click on: here (Reporting by Twinnie Siu and Christina Lo in HONG KONG; Editing by Lee Chyen Yee)

credit: caradvice.com.au

credit: caradvice.com.au





China's Great Wall aiming to sell vehicles in US around 2015

By Chris Pauker
Posted Apr 24th 2013 5:29PM

link

Stop us if you've heard this one before: "The Chinese are coming." According to Automotive News, Great Wall Motor Co. plans to sell its vehicles in the US by around 2015. The Chinese automaker has been researching its planned expansion for the last two years, looking at everything from regulatory hurdles to establishing a dealer network, as well as customer needs and wants.

Although it isn't immediately clear what models the company plans to market here in the US, it is apparently looking at establishing a factory stateside. The company currently sells its wares in 76 countries and regions around the globe, but has yet to attempt to crack the US or Canada. Great Wall may be China's largest purveyor of SUVs, but it has a full lineup of models to choose from – it brought 26 vehicles to last weekend's press day for the Shanghai Motor Show, including a stand-alone section for its Haval brand of SUVs.

Of course, the Asian nation's automakers have been promising to bring their vehicles to the US market for years now, but to date, not one has made a full-fledged effort. Not Chery, not Changfeng, not anybody. At the moment, the only Chinese-built cars sold in North America are Honda Fit models, and they are only available in Canada (however, General Motors recently opened the door to importing their own Chinese-built models).

Having said all that, Great Wall is one of China's most respected and most financially established automakers, and it has a lot of experience building factories in other markets (admittedly mostly knock-down plants), as well as exporting vehicles. It seems all but inevitable that Chinese automakers will eventually offer vehicles to US consumers in real volume, but for the moment, there's still a lot of debate about how quickly that reality will set in. To wit, a recent study by Bernstein Research suggested that Chinese automakers still have a decade or more of development before they will be able to field globally competitive products.

News Source: Automotive News - sub. req.

Image Credit: Newspress

Geely H1 net profit up 9% on overseas sales

Updated: 2012-08-23 09:35 ( Xinhua)

http://www.chinadaily.com.cn/business/2012-08/23/content_15699976.htm

Emgrand EC-718

全球鹰 GLEAGLE GX7

Geely McCar Comes with its Own Electric Scooter in the Trunk

Geely McCar

Credit: gizmag
Here’s a concept that carries some junk in its trunk. OK, so it’s not junk – it’s actually a three-wheeled scooter, and the McCar packs it away in its trunk to give you even more motoring mobility.



Unveiled at the Shanghai Auto Show, Geely (the Chinese manufacturer and owner of Volvo) introduced this unique concept to the world. The McCar (no, you won’t find it on the menu at McDonalds) is a cool and compact hybrid that comes with a folding three-wheeled electric scooter in the rear. With enough seating for four, the two-door Geely McCar charges its electric scooter while its packed away in the trunk.

Available with either battery or hybrid power, the McCar offers enough juice to get you to your destination at a reasonable pace. If you go with the 12kWh battery, it has range of 93 miles, a top speed of 52 mph and it takes six hours to recharge. When it comes to the 8kWh plug-in hybrid, the McCar can go 31 miles on electric power and 373 miles on gas and battery, with a top speed of 80 mph and a recharge time of two hours. When it’s time to pull out the scooter, you can clock speeds of up to 18 mph (it has a range of 18 miles and it takes two hours to charge). If you don’t want the scooter, feel free to swap it for a standard fold-up wheelchair.

Even though it’s still a concept, there’s a good chance that the McCar might actually go into production, as Geely has plans to mass produce electric and hybrid cars by the end of next year.

credit: media.ft

Geely McCar Concept - YouTube

 

[beijingwalker]

Another blow for India: Nokia threatens to move its manufacturing to China
By Leo Mirani @lmirani August 23, 2013

It’s been a rough week for the Indian economy. The rupee scraped new lows most days this week, stocks sank and bond yields rose. Though there has been some respite towards the close of the week, a gloom has descended over the land. And it’s about to get darker.

The Indian Express newspaper reports today that Nokia, once a great champion of India, is considering shutting down its factory in the southern state of Tamil Nadu. With 8,000 employees, it is one of the largest Nokia operates, and has so far produced some 800 million phones.

According to the paper, Nokia said in an unofficial letter to the Ministry of Commerce and Industry that it would be ”more cost efficient for Nokia to have transferred the manufacture of mobile phones to China and to import them to Indian market rather than manufacture them in Chennai.” The letter was written in June and received by the ministry last month, pre-dating the current rupee crisis. But the timing of its release couldn’t be worse. Already foreign investors are wary of putting money in India and many who can are pulling their cash out.

Nokia’s reasons are twofold. First, the state of Tamil Nadu had agreed to give Nokia back the 4% value-added tax that the company had paid on phones shipped from its factories there. This has not happened, according to Nokia. Second, the central government is seeking Rs 20.8 billion ($329 million) in back taxes on income from downloads on phones made in India. Nokia says a bilateral tax treaty between India and Finland, where it is headquartered, negates the need to pay such taxes. India is embroiled in tax disputes with various other multinational firms, including Vodafone and Shell.

“Taxation should not drive business decisions on locating operations, but current tax claims against Nokia and other multinational companies operating in India have too great an impact on the predictability and certainty of Indian business environment to be ignored,” the company wrote. ”The political risk of operating in India has therefore become suddenly substantially higher and may inevitably influence future decisions to develop one’s operations in India.”

Nokia was for many years the largest-selling mobile phone in India, thanks to its deep roots in and understanding of the market, cheap and hardy phones, and good reputation. But Samsung unseated Nokia in the first quarter of this year despite strong sales of its low-end smartphones and a new, semi-smart $99 model released earlier this year.

Another blow for India: Nokia threatens to move its manufacturing to China – Quartz

 

[Kolaps]

Taiwan is only capable of producing low end crap, they don't have decent R&D capacity whatsoever.

In case you can't agree with me, tell me how many research paper produced by Taiwanese researchers got pbulished on Science / Nature in 2012.

I repeat: it is small island dedicated to low end products.

Taiwan is a small island with a small population. Not even bigger than a single city like Beijing, Shanghai and Tokyo. What are you expecting?

Beside, we are more focus on RnD that more related to commercialization. And I don't agree with the low end crap, Taiwan has very strong IT sector.

But anyway, beside of IT, we are a complete crap. I admit it.

 

[Viet]

can you pls stop posting endless similar threads...a bit boring, don´t you think so?

 

[naveen mishra]

who is stopping them......r they doing charity.......who care
fact is no buddy is buying Nokia this day.........Samsung and other mobile become more popular

 

[Star Wars]

@beijingwalker Relax , stop posting economy threads and rape threads on a defense forum , its getting really dull ....

 

[Kolaps]

It is a great pity that Taiwan's HTC has gone from a darling of the market to an outcast in a short span of time。

This is the world we are living。

Don't get too exciting with the short gain.

 

[conworldus]

Dude, while I despise the constant China bashing from Indians on this site, there is no need to defend the undefendable in China's history, either. The USSR debt had nothing to do with the famine which is entirely the fault of gross mismanagement by Mao, who never had any education in modern economics. The tragedy is that a lot of people dead and we need to take the lesson and never repeat it again, end of the story. I don't like blaming Mao too much either because there is no use to blame a dead man for the past wrongs. We live for the future so just move forward.

Blame USSR for the starvation of million Chinese peasants. Since 1960, they forced China to pay off all the debt, even including the equipments from the Korean War. Then what do you expect Mao to do?

 

[Maxtini]

Dude, while I despise the constant China bashing from Indians on this site, there is no need to defend the undefendable in China's history, either. The USSR debt had nothing to do with the famine which is entirely the fault of gross mismanagement by Mao, who never had any education in modern economics. The tragedy is that a lot of people dead and we need to take the lesson and never repeat it again, end of the story. I don't like blaming Mao too much either because there is no use to blame a dead man for the past wrongs. We live for the future so just move forward.

This historical Headline from RenMin RiBao simply reflects what kind of peoples running the government back then in China:

Back then it was agricultural statistics.
Now, it might be economic one, especially debt. The Chinese central government need to push the local government not to balloon the data, or it will cause castratrophic consequences.

 

[Audio]

This is probably connected to the fact that Nokia received a 10% share in the China Mobile 4G contract.

Ericsson, Alcatel-Lucent and Nokia Siemens Networks all secured 10 percent each of the initial contracts, while Chinese firms Huawei and ZTE were awarded 25 percent each, but it is likely that all companies involved will be looking to secure more of the remaining work.

European Equipment Suppliers Win Third Of £2bn China Mobile 4G Contract

 

[Srinivas]

Let Nokia go to china. India has Micromax local brand, who is doing well and they will capture the market and will become successful. India do not need MNC's to benefit from our middle class it is better our local brands take advantage of the situation.