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Issue #42, Nov. 2007
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Little-Known Entrepreneurs Putting
China Near Top of Billionaires' List
The United States has more billionaires than any other country: 415 by the last count of Forbes magazine. No. 2, and closing fast? China. A year ago, there were 15 billionaires in China. Now, there are more than 100, according to the widely watched Hurun Report. Forbes has documented 66...
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Now, From China, the World's Biggest Company
The meaning of the term "Big Oil" has changed overnight, as state-controlled PetroChina became the first company worth more than $1 trillion, tripling its value in its debut day on the Shanghai Stock Exchange and making it by far the largest company in the world... |
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China's Online Youth Lead US Counterparts in Digital
Self-Expression
Millions of young Chinese are embracing the internet as a
discreet space for their thoughts and emotions - almost
five times as many Chinese as Americans surveyed said
they have a parallel life online (61% vs. 13%) -
according to a survey of Chinese and American youth
released by IAC and JWT... |
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Great Wall of Money: $250 Billion to Flow From China
The money flowing from China into global equity markets
could tally as much as $246 billion next year, with
markets in Hong Kong and South Korea expected to benefit
the most, according to HSBC Global Research... |
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Oiling China's Wheels
China's growing economic might is fuelling massive
demand for foreign oil, but record crude prices are
proving a major burden for both the government and
consumers... |
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China Must Do More on Product Safety
A top European Union trade official urged China on Monday
to make product safety a priority and do more to regain
consumer confidence, prompting an angry response from
Beijing... |
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Nasdaq-NYSE Rivalry Comes to China
Not so long ago, listing their shares on Nasdaq was a
no-brainer for Chinese tech companies looking to tap
overseas money. The 52 mainland companies currently
trading on Nasdaq include Internet portals such as Sohu,
Netease, and Sina, which listed their shares in 2000.
More recently, Chinese highfliers, including search
engine Baidu and Focus Media, both of which had Nasdaq
initial public offerings in 2005, have made spectacular
gains. But in 2007, Nasdaq has faced greater competition
in China from exchanges in Hong Kong, Shanghai, New
York, and elsewhere... |
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Google's China Chief Sees Boom in Future
If U.S. Internet companies are maturing, China's are still
reveling in the kind of party atmosphere their U.S.
rivals enjoyed during the late 1990s, with copious
capital and enough engineering talent to keep growing
for a while... |
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European Companies "Doing Well" in China
Most European businesses are doing well in China despite
increasing competition, says the latest survey of the
European Union Chamber of Commerce in China.... |
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Sales in China, Other Countries Cheer Home Depot
Home Depot's international division is providing the
company some cheer in an otherwise gloomy holiday
season. Nine percent of the Atlanta-based company's
revenues and 11 percent of its operating profits last
quarter came from foreign stores in Canada, Mexico and
China... |
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Starbucks Now Selling Bottled Coffee Drink in China
Starbucks Corp. has begun selling its bottled Frappuccino
ready-to-drink coffee drinks in China. The distribution
deal was announced in September and is a joint venture
between the Seattle coffee giant and PepsiCo Inc.,
called the International Coffee Partnership... |
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DragonVenture,
Inc.
1737 N. 1st Street, Suite 250, San Jose, CA 95112, •
Tel: 408.467.0888
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