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TaiShang
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JD.com will grow into an 100 billion USD company within 3 years。
Then we can take more American peasants on our payroll.
cirr
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Then we can take more American peasants on our payroll.
More Americans will be buying online using JD.com、Taobao.com、Tmall.com etc。
As a matter of fact, the whole world might start buying on Chinese-owned e-commerce sites in a couple of years, as people from Taiwan, Singapore, Japan etc already do today。
cirr
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China official PMI hits five-month high in May, boding well for Q2
June 2, 2014 1:13 AM
Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei, Anhui province May 5, 2014. REUTERS/Stringer/Files
By Aileen Wang and Matthew Miller
BEIJING (Reuters) - China's factory activity expanded at the fastest pace in five months in May due to rising new orders, official data showed on Sunday, reinforcing views that the world's second-largest economy is regaining momentum in the second quarter following Beijing's targeted measures to bolster growth.
The official Purchasing Managers' Index rose to 50.8 in May from April's 50.4, the National Bureau of Statistics said on Sunday, beating market expectations of 50.6.
"The PMI reading continued to improve in May, indicating that a trend of economic stabilization is becoming more evident," Zhang Liqun, a researcher at the Development Research Centre said in the statement accompanying the data.
As one of the first leading indicators gauging economic momentum, the improved reading could bode well for other May data, bolstering market expectations that the economy is regaining some strength as the government's pro-growth measures started to kick in.
The official survey showed a broad-based recovery in manufacturing activity in May, with nine out of the 13 sub-indicies pointing to improvement from the previous month.
A sub-index for new orders, a measure of foreign and domestic demand edged up to 52.3 in May from 51.2 in April, marking the highest level since last November.
The PMI data also showed export orders inched higher to 49.3 in May from 49.1 in April, though the indicator remained below the 50-level threshold that separates growth from contraction.
POLICY SUPPORT
Beijing stepped up policy fine-tuning in recent weeks and has unveiled a slew of targeted measures this year to help shore up the economy, which has dipped to a 18-month low in the first quarter and is seen on track to post the weakest annual showing in 24 years.
"It is clear that the government has become more concerned about the continued economic slowdown and wants to further increase the strength of policy support," said Wang Tao, economist at UBS in a note to clients.
China's cabinet announced fresh easing measures on Friday to help lower funding costs and reduce operating burdens for companies to give more support for the real economy.
The measures included lowering the reserve requirement for more banks, increasing the scale of re-lending and bond financing to support smaller firms, and a further reduction of administrative fees for businesses.
China's finance ministry had also urged their local branches to quicken the pace of budget allocation to guarantee the completion of key projects and lift the slowing economy.
Those policy moves, together with the earlier steps, such as hastening construction of railways and public housing, tax cuts for smaller enterprises, have combined to give a boost to the economy, though officials and economists warned that the downside pressure still exists.
Chinese leaders have ruled out the possibility of any big fiscal stimulus to spur economic growth as they tolerate a slower growth rate while pushing ahead with structural reforms.
China has set an annual target for the economy to grow about 7.5 percent in 2014 and a Reuters poll found that economists expected growth of 7.3 percent for this year.
A preliminary HSBC/Markit PMI issued late last month showed the factory sector turning in its best performance in five months, although the reading remained below the 50-point level that suggests contraction in manufacturing activities.
All eyes now will be on the release of the final HSBC PMI at 01:45 GMT on Tuesday, which favours smaller and private companies compared with the bigger ones captured by the official PMI.
(Reporting by Aileen Wang and Matthew Miller; Editing by Matt Driskill)
China official PMI hits five-month high in May, boding well for Q2 - Yahoo Finance
June 2, 2014 1:13 AM
Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei, Anhui province May 5, 2014. REUTERS/Stringer/Files
By Aileen Wang and Matthew Miller
BEIJING (Reuters) - China's factory activity expanded at the fastest pace in five months in May due to rising new orders, official data showed on Sunday, reinforcing views that the world's second-largest economy is regaining momentum in the second quarter following Beijing's targeted measures to bolster growth.
The official Purchasing Managers' Index rose to 50.8 in May from April's 50.4, the National Bureau of Statistics said on Sunday, beating market expectations of 50.6.
"The PMI reading continued to improve in May, indicating that a trend of economic stabilization is becoming more evident," Zhang Liqun, a researcher at the Development Research Centre said in the statement accompanying the data.
As one of the first leading indicators gauging economic momentum, the improved reading could bode well for other May data, bolstering market expectations that the economy is regaining some strength as the government's pro-growth measures started to kick in.
The official survey showed a broad-based recovery in manufacturing activity in May, with nine out of the 13 sub-indicies pointing to improvement from the previous month.
A sub-index for new orders, a measure of foreign and domestic demand edged up to 52.3 in May from 51.2 in April, marking the highest level since last November.
The PMI data also showed export orders inched higher to 49.3 in May from 49.1 in April, though the indicator remained below the 50-level threshold that separates growth from contraction.
POLICY SUPPORT
Beijing stepped up policy fine-tuning in recent weeks and has unveiled a slew of targeted measures this year to help shore up the economy, which has dipped to a 18-month low in the first quarter and is seen on track to post the weakest annual showing in 24 years.
"It is clear that the government has become more concerned about the continued economic slowdown and wants to further increase the strength of policy support," said Wang Tao, economist at UBS in a note to clients.
China's cabinet announced fresh easing measures on Friday to help lower funding costs and reduce operating burdens for companies to give more support for the real economy.
The measures included lowering the reserve requirement for more banks, increasing the scale of re-lending and bond financing to support smaller firms, and a further reduction of administrative fees for businesses.
China's finance ministry had also urged their local branches to quicken the pace of budget allocation to guarantee the completion of key projects and lift the slowing economy.
Those policy moves, together with the earlier steps, such as hastening construction of railways and public housing, tax cuts for smaller enterprises, have combined to give a boost to the economy, though officials and economists warned that the downside pressure still exists.
Chinese leaders have ruled out the possibility of any big fiscal stimulus to spur economic growth as they tolerate a slower growth rate while pushing ahead with structural reforms.
China has set an annual target for the economy to grow about 7.5 percent in 2014 and a Reuters poll found that economists expected growth of 7.3 percent for this year.
A preliminary HSBC/Markit PMI issued late last month showed the factory sector turning in its best performance in five months, although the reading remained below the 50-point level that suggests contraction in manufacturing activities.
All eyes now will be on the release of the final HSBC PMI at 01:45 GMT on Tuesday, which favours smaller and private companies compared with the bigger ones captured by the official PMI.
(Reporting by Aileen Wang and Matthew Miller; Editing by Matt Driskill)
China official PMI hits five-month high in May, boding well for Q2 - Yahoo Finance
cirr
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Published: Tuesday June 3, 2014 MYT 10:26:00 AM
Updated: Tuesday June 3, 2014 MYT 10:41:26 AM
China official services PMI hits 6-month high as orders rebound
File picture of cargo ships docked at a shipyard in Shanghai. China's official non-manufacturing purchasing managers' index (PMI) climbed to 55.5 from April's 54.8, says the National Bureau of Statistics - AFP Photo.
BEIJING: China's services sector grew at its fastest pace in six months in May as new orders rebounded, an official survey showed, reinforcing hopes that the Chinese economy may be steadying after a tumultuous few months.
The official non-manufacturing purchasing managers' index (PMI) climbed to 55.5 from April's 54.8, the National Bureau of Statistics said.
That is well above the 50-point level that separates an expansion from a contraction in activity.
In a sign of buoyancy in the sector, new orders rebounded to an eight-month high of 52.7, compared to April's 50.8. Business expectations also held their ground at a solid 60.7, compared to April's 61.5.
The pick-up in the services PMI echoes a rebound in China's factory sector, and augurs well for a spate of monthly economic data from the country due later this month.
Official data on Sunday showed China's manufacturing industry grew at its fastest pace in five months in May due to rising new orders, as a PMI for the sector touched a high of 50.8 in May.
Hurt by volatile export growth and sluggish domestic demand and investment, China's economy has had a disappointing showing this year, with a majority of economic indicator releases underwhelming investors.
Worried that unemployment may spike if growth slackens too far, thereby threatening China's social stability, the Chinese government has loosened policy in incremental moves in recent months.
The latest measure was taken on Friday when the government said it would lower reserve requirements, or the level of cash that commercial banks have to deposit at the central bank, for more banks to spur lending – and economic growth.
Growth in the world's second-largest economy slipped to an 18-month low of 7.4% between January and March, and is forecast to fall to a 24-year low of 7.3% for the year. – Reuters
China official services PMI hits 6-month high as orders rebound - Business News | The Star Online
Updated: Tuesday June 3, 2014 MYT 10:41:26 AM
China official services PMI hits 6-month high as orders rebound
File picture of cargo ships docked at a shipyard in Shanghai. China's official non-manufacturing purchasing managers' index (PMI) climbed to 55.5 from April's 54.8, says the National Bureau of Statistics - AFP Photo.
BEIJING: China's services sector grew at its fastest pace in six months in May as new orders rebounded, an official survey showed, reinforcing hopes that the Chinese economy may be steadying after a tumultuous few months.
The official non-manufacturing purchasing managers' index (PMI) climbed to 55.5 from April's 54.8, the National Bureau of Statistics said.
That is well above the 50-point level that separates an expansion from a contraction in activity.
In a sign of buoyancy in the sector, new orders rebounded to an eight-month high of 52.7, compared to April's 50.8. Business expectations also held their ground at a solid 60.7, compared to April's 61.5.
The pick-up in the services PMI echoes a rebound in China's factory sector, and augurs well for a spate of monthly economic data from the country due later this month.
Official data on Sunday showed China's manufacturing industry grew at its fastest pace in five months in May due to rising new orders, as a PMI for the sector touched a high of 50.8 in May.
Hurt by volatile export growth and sluggish domestic demand and investment, China's economy has had a disappointing showing this year, with a majority of economic indicator releases underwhelming investors.
Worried that unemployment may spike if growth slackens too far, thereby threatening China's social stability, the Chinese government has loosened policy in incremental moves in recent months.
The latest measure was taken on Friday when the government said it would lower reserve requirements, or the level of cash that commercial banks have to deposit at the central bank, for more banks to spur lending – and economic growth.
Growth in the world's second-largest economy slipped to an 18-month low of 7.4% between January and March, and is forecast to fall to a 24-year low of 7.3% for the year. – Reuters
China official services PMI hits 6-month high as orders rebound - Business News | The Star Online
Raphael
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BBC News - China's trade surplus rises to $36bn in May
China's trade surplus rises to $36bn in May
China's exports grew in May but a drop in imports signalled a possible weakening of demand in the world's second-largest economy.
The country's exports rose by 7% in May compared with 12 months before. But imports fell by 1.6% on a year earlier.
It meant the nation's trade surplus widened sharply to $35.9bn (£21.4bn), from April's $18.5bn, the General Administration of Customs said.
The figures will add to recent concern about the state of the Chinese economy.
It has shown signs of weakness amid poor data from the manufacturing and retail sectors.
'Normal level'
The country's commerce ministry had hoped the trade picture would pick up in May.
Some experts believe the weak trade figures are partly due to an unnatural comparison with last year, when there was a glut of fake invoicing of exports as a way of getting around impending currency restrictions.
There has been a crackdown on such activities since May 2013.
"The data shows that the country's exports growth has returned to a normal level and will continue to improve," customs office spokesman Zheng Yuesheng told state television.
Exports to the US were up by 6.3% in May, down from a rise of 12% in April.
Shipments to the EU rose by 13.4%, down from an increase of 15.1% the previous month.
And exports to ASEAN bloc countries rose by 9.1%, up from the figure of 3.8% in April.
The Chinese government is aiming for total trade to grow 7.5% this year. Last year trade grew by 7.6%, below the official target of 8%.
China's trade surplus rises to $36bn in May
China's exports grew in May but a drop in imports signalled a possible weakening of demand in the world's second-largest economy.
The country's exports rose by 7% in May compared with 12 months before. But imports fell by 1.6% on a year earlier.
It meant the nation's trade surplus widened sharply to $35.9bn (£21.4bn), from April's $18.5bn, the General Administration of Customs said.
The figures will add to recent concern about the state of the Chinese economy.
It has shown signs of weakness amid poor data from the manufacturing and retail sectors.
'Normal level'
The country's commerce ministry had hoped the trade picture would pick up in May.
Some experts believe the weak trade figures are partly due to an unnatural comparison with last year, when there was a glut of fake invoicing of exports as a way of getting around impending currency restrictions.
There has been a crackdown on such activities since May 2013.
"The data shows that the country's exports growth has returned to a normal level and will continue to improve," customs office spokesman Zheng Yuesheng told state television.
Exports to the US were up by 6.3% in May, down from a rise of 12% in April.
Shipments to the EU rose by 13.4%, down from an increase of 15.1% the previous month.
And exports to ASEAN bloc countries rose by 9.1%, up from the figure of 3.8% in April.
The Chinese government is aiming for total trade to grow 7.5% this year. Last year trade grew by 7.6%, below the official target of 8%.
cirr
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Russia ready to share experience in building inland NPPs with China
(ITAR-TASS, June 9)
Russia has offered China to share its experience in building nuclear plants in inland territories [today, all Chinese nuclear plants are located in coastal areas], CEO of Russia’s state nuclear corporation Rosatom Sergei Kiriyenko said on Monday.
“We know that China’s government has plans to begin the construction of nuclear plants in inland territories which badly need electricity,” he said. “Russia has unique experience - we are one of the few countries which have vast experience of building and operating nuclear plants in such territories. We are ready to share this experience with our Chinese partners.”
Apart from that, Russia continued dialogue with partners in China on cooperation in building fast fission reactors, Kiriyenko said, adding that one such pilot reactor built with use of Russian technologies had been commissioned in 2013.
Russia and China also agreed to develop cooperation in the construction of low and medium-capacity floating nuclear plants. A memorandum to this effect was signed during the latest meeting between the heads of the two states in Shanghai.
Kiriyenko added that the construction of the third and fourth units at China’s Tianwan nuclear plant proceeded ahead of schedule.
ITAR-TASS: Economy - Russia ready to share experience in building inland NPPs with China
(ITAR-TASS, June 9)
Russia has offered China to share its experience in building nuclear plants in inland territories [today, all Chinese nuclear plants are located in coastal areas], CEO of Russia’s state nuclear corporation Rosatom Sergei Kiriyenko said on Monday.
“We know that China’s government has plans to begin the construction of nuclear plants in inland territories which badly need electricity,” he said. “Russia has unique experience - we are one of the few countries which have vast experience of building and operating nuclear plants in such territories. We are ready to share this experience with our Chinese partners.”
Apart from that, Russia continued dialogue with partners in China on cooperation in building fast fission reactors, Kiriyenko said, adding that one such pilot reactor built with use of Russian technologies had been commissioned in 2013.
Russia and China also agreed to develop cooperation in the construction of low and medium-capacity floating nuclear plants. A memorandum to this effect was signed during the latest meeting between the heads of the two states in Shanghai.
Kiriyenko added that the construction of the third and fourth units at China’s Tianwan nuclear plant proceeded ahead of schedule.
ITAR-TASS: Economy - Russia ready to share experience in building inland NPPs with China
cirr
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Huawei Wins MegaFon Contract as Russian Ties to China Deepen
(Bloomberg, June 9)
Russia’s second-largest wireless operator, agreed to buy at least $600 million of equipment from Huawei Technologies Co. (002502) at a time when ties between Russian and Chinese companies are strengthening.
MegaFon chose China’s largest maker of network products for a seven-year contract to speed mobile networks in several Russian territories, Chief Strategy Officer Alexander Bashmakov said in a phone interview. The deal, including software and maintenance, is worth “dozens of billion rubles,” he said.
Russia companies have boosted ties to China after the U.S. and European Union imposed sanctions on the country to punish it for annexing the Crimean peninsula from Ukraine. OAO Gazprom (OGZD), Russia’s biggest company, signed a $400 billion deal last month to ship gas to China.
“Huawei is one of the technological leaders in 4G equipment,” Bashmakov said. “They are leading in the number of signed contracts with operators. The Russian market is very competitive in equipment prices, unlike the U.S. where supplies of Chinese equipment are limited.”
MegaFon based its choice of Shenzen, China-based Huawei on financial and technological factors rather than politics, Bashmakov said. MegaFon, controlled by Russia’s richest man Alisher Usmanov and part-owned by TeliaSonera AB (TLSN), will use a credit line from China Development Bank to fund the purchases.
full: http://www.bloomberg.com/news/2014-0...na-deepen.html
(Bloomberg, June 9)
Russia’s second-largest wireless operator, agreed to buy at least $600 million of equipment from Huawei Technologies Co. (002502) at a time when ties between Russian and Chinese companies are strengthening.
MegaFon chose China’s largest maker of network products for a seven-year contract to speed mobile networks in several Russian territories, Chief Strategy Officer Alexander Bashmakov said in a phone interview. The deal, including software and maintenance, is worth “dozens of billion rubles,” he said.
Russia companies have boosted ties to China after the U.S. and European Union imposed sanctions on the country to punish it for annexing the Crimean peninsula from Ukraine. OAO Gazprom (OGZD), Russia’s biggest company, signed a $400 billion deal last month to ship gas to China.
“Huawei is one of the technological leaders in 4G equipment,” Bashmakov said. “They are leading in the number of signed contracts with operators. The Russian market is very competitive in equipment prices, unlike the U.S. where supplies of Chinese equipment are limited.”
MegaFon based its choice of Shenzen, China-based Huawei on financial and technological factors rather than politics, Bashmakov said. MegaFon, controlled by Russia’s richest man Alisher Usmanov and part-owned by TeliaSonera AB (TLSN), will use a credit line from China Development Bank to fund the purchases.
full: http://www.bloomberg.com/news/2014-0...na-deepen.html
cirr
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Shanghai Electric buys 40% of Ansaldo for $551m
09/05/2014
By Kelvin Ross
Chinese power company Shanghai Electric is to buy 40 per cent of Italian energy firm Ansaldo Energia for €400m ($551m).
At the same time, the two companies are to set up two joint ventures to manufacture gas turbines for Asian markets and also form a research and development centre in Shanghai.Ansaldo
The transaction, which is expected to be closed by the end of the year, marks the largest Italian-Chinese deal and Ansaldo said it “could represent a major benchmark of economic relations between the two countries”.
The agreement opens the door for Ansaldo to enter the Chinese gas turbine markets, which the Italian firm says represents 50 per cent of the global market and is rapidly expanding.
In a statement today, Ansaldo said that it expected the deal to result in a 20 per cent increase in turnover in the mid- to long term, three-to-four units a year in new turbines at its plant in Genoa and the creation of 500 new jobs.
And in a further step into Asia, Ansaldo has signed a partnership with Doosan Heavy Industries of South Korea for the development of a new gas turbine for the US, Brazilian, Saudi Arabian and South Korean markets.
Ansaldo said that the deal would, over the next seven years, see it “establish a presence in 100 per cent of the markets for gas turbines” and result in the recruitment of 100 new engineers.
http://www.powerengineeringint.com/a...-for-551m.html
09/05/2014
By Kelvin Ross
Chinese power company Shanghai Electric is to buy 40 per cent of Italian energy firm Ansaldo Energia for €400m ($551m).
At the same time, the two companies are to set up two joint ventures to manufacture gas turbines for Asian markets and also form a research and development centre in Shanghai.Ansaldo
The transaction, which is expected to be closed by the end of the year, marks the largest Italian-Chinese deal and Ansaldo said it “could represent a major benchmark of economic relations between the two countries”.
The agreement opens the door for Ansaldo to enter the Chinese gas turbine markets, which the Italian firm says represents 50 per cent of the global market and is rapidly expanding.
In a statement today, Ansaldo said that it expected the deal to result in a 20 per cent increase in turnover in the mid- to long term, three-to-four units a year in new turbines at its plant in Genoa and the creation of 500 new jobs.
And in a further step into Asia, Ansaldo has signed a partnership with Doosan Heavy Industries of South Korea for the development of a new gas turbine for the US, Brazilian, Saudi Arabian and South Korean markets.
Ansaldo said that the deal would, over the next seven years, see it “establish a presence in 100 per cent of the markets for gas turbines” and result in the recruitment of 100 new engineers.
http://www.powerengineeringint.com/a...-for-551m.html
Edison Chen
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Another Chinese company will go public on the New York Stock Exchange this week, and data show that the 10 biggest Chinese companies to list in the US in the last 12 months have seen an average return of 44 percent since their first day of trading.
And that compared with 25 percent for all US IPOs of more than $100 million in the same period, Bloomberg News reported on Monday. In that time, the Chinese returns have outpaced all global counterparts, Bloomberg said.
Josef Schuster, founder of Ipox Schuster LLC, a Chicago-based independent financial-services firm specializing in global IPOs, said that US markets provide a better trading infrastructure and a favorable pricing environment for Chinese firms, among other added benefits.
"It's eventually up to the firm where to list but a listing in the US can surely add to the novelty of a Chinese company and may help the marketing appeal," Schuster told China Daily.
IPOs and Chinese firms in particular are taking advantage of a "big window of opportunity," he said. And many of these deals help drive interest in "hot sectors," like e-commerce and consumer-related industries.
Of the 16 Chinese companies that have listed in the US this year, 12 are involved in the Internet technology and web services industry.
Francis Gaskins, the director of research for financial industry website equities.com, said one of the main attractions for a Chinese company to list in the US is "broader exposure to US institutions".
"Chinese IPOs have done pretty well in the US market because they have very good top line revenue increases," Gaskins said on Monday in an interview with China Daily. "The first thing to look at for a Chinese company is do they have a good branding position."
Zhaopin Ltd, a Beijing-based Chinese jobs website operator, is scheduled to go public this week at the NYSE.
Many of the Chinese companies listing in the US in the last year have seen solid returns.
E-commerce firm JD.com and Weibo Corp are two of better-known Chinese companies to list in the US in 2014.
JD.com, the largest direct seller of online goods in China, raised $1.78 billion in its IPO on the Nasdaq Stock Market in May, the biggest IPO by a Chinese company in the US, to date.
Weibo, a popular Chinese micro blog commonly referred to as "China's version of Twitter," netted $285.6 million during its first day on Nasdaq in April.
Since listing in the US, JD's shares have produced a return of 49.6 percent, while Weibo's stock has gone up a more modest 10 percent.
Some other companies that have had solid returns include: Autohome Inc, a car-information website that has gained 110 percent since a December IPO, and online classified ads provider 58.com Inc, which has climbed 140 percent since its IPO in October.
All of those listings pale in comparison to the proposed IPO for Alibaba Group Holding Ltd. A US listing for Alibaba, China's largest online marketplace and No 1 e-commerce firm, could exceed $20 billion, according to some estimates.
And that compared with 25 percent for all US IPOs of more than $100 million in the same period, Bloomberg News reported on Monday. In that time, the Chinese returns have outpaced all global counterparts, Bloomberg said.
Josef Schuster, founder of Ipox Schuster LLC, a Chicago-based independent financial-services firm specializing in global IPOs, said that US markets provide a better trading infrastructure and a favorable pricing environment for Chinese firms, among other added benefits.
"It's eventually up to the firm where to list but a listing in the US can surely add to the novelty of a Chinese company and may help the marketing appeal," Schuster told China Daily.
IPOs and Chinese firms in particular are taking advantage of a "big window of opportunity," he said. And many of these deals help drive interest in "hot sectors," like e-commerce and consumer-related industries.
Of the 16 Chinese companies that have listed in the US this year, 12 are involved in the Internet technology and web services industry.
Francis Gaskins, the director of research for financial industry website equities.com, said one of the main attractions for a Chinese company to list in the US is "broader exposure to US institutions".
"Chinese IPOs have done pretty well in the US market because they have very good top line revenue increases," Gaskins said on Monday in an interview with China Daily. "The first thing to look at for a Chinese company is do they have a good branding position."
Zhaopin Ltd, a Beijing-based Chinese jobs website operator, is scheduled to go public this week at the NYSE.
Many of the Chinese companies listing in the US in the last year have seen solid returns.
E-commerce firm JD.com and Weibo Corp are two of better-known Chinese companies to list in the US in 2014.
JD.com, the largest direct seller of online goods in China, raised $1.78 billion in its IPO on the Nasdaq Stock Market in May, the biggest IPO by a Chinese company in the US, to date.
Weibo, a popular Chinese micro blog commonly referred to as "China's version of Twitter," netted $285.6 million during its first day on Nasdaq in April.
Since listing in the US, JD's shares have produced a return of 49.6 percent, while Weibo's stock has gone up a more modest 10 percent.
Some other companies that have had solid returns include: Autohome Inc, a car-information website that has gained 110 percent since a December IPO, and online classified ads provider 58.com Inc, which has climbed 140 percent since its IPO in October.
All of those listings pale in comparison to the proposed IPO for Alibaba Group Holding Ltd. A US listing for Alibaba, China's largest online marketplace and No 1 e-commerce firm, could exceed $20 billion, according to some estimates.
That Guy
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It's fine, this doesn't necessarily mean that the tech will go to China itself, and if it does, we should then expect the cost of that tech to lower, as the Chinese would proliferate it quite quickly.
A1Kaid
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Never even heard of Fisker, this reminds me of how Tata motors purchased Landrover. Rich people from less advance countries buying companies from more advance countries. Though the report says the Chinese businessman wants to open up manufacturing in Finland not in China, but considers manufacturing in US as well...
Mr.S.Singh
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hope it turns out a good investment .. they managed to sell 1800 cars only
Technology can be be used but not transferred as Tesla had a law suite against Fisker
Technology can be be used but not transferred as Tesla had a law suite against Fisker
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