is a China Business Development Firm focusing in these sectors:
**China Business Development/Market Expansion Projects
for US HiTech Firms in Cloud, Mobile (Incl. LNS, Payment),
Pinterest B2C, Games; Enterprise, Big Data;
including via Acqusitions & Joint Ventures.
**Equity Investment Advisory in Selective Industries
in the IT Technology, Energy ExplorationTechnology.
Key China General
& Technology News:
Internet & Mobile Sectors
Smart Phone Users: 420 MM
(Over 40% of Apple iPhones in 1Q.2012 was sold in China - The Nation
has gone Apple-Loving Citizenship. All with the blessing of Apple).
Internet Users: 650 MM
Online Buyers: 545 MM (Online Advertising Spending has exceeded
TV Advertising Spendings in Sep. 2012)
Alibaba's Online Transaction Revenue has exceeded the Combined Revenue
of Amazon + eBay in 2012.
This is creating an Internet/Mobile Boom in the Chinese eCommerce
Space, with excellent returns on such investments.
China's 2010 GDP growth may hit 10%: PBOC
BEIJING - China's
2010 economic growth is estimated to reach about 10 percent, according
to central bank governor Zhou Xiaochuan.
In a speech published Tuesday by the People's Bank of China on its
website, Zhou said he was not quite confident that the nation's
economy has returned to normal, as external conditions continue
exerting an important impact on China's economic recovery.
that China should be prudent in its macroeconomic policies and needs
to conduct counter-cyclical adjustments against "over-expansion."
He also reiterated
that the government would promote a market-oriented reform of the
interest rate regime in a gradual and unwavering way.
Youku.com Surges 161% in Biggest Advance for U.S. IPO Since
Baidu in 2005
Dec. 8 (Bloomberg) -- Victor Koo, chief executive officer of Youku.com,
talks about the outlook for China's largest online video company,
which had its initial public offering on the New York Stock Exchange
Youku.com Inc. had the largest gain for a U.S. initial public offering
in five years and E-Commerce China Dangdang Inc. almost doubled
in its debut after investors flocked to buy into China¡¯s Internet
largest online video company, soared 161 percent to $33.44 yesterday,
after completing a $203 million IPO. The first-day advance was the
biggest since Beijing-based Baidu Inc., owner of China¡¯s most-used
Internet search engine, more than quadrupled after its offering
in August 2005. China Dangdang, the country¡¯s biggest book retailer,
gained 87 percent after its $272 million initial sale.
were the first of five mainland Chinese IPOs scheduled in the U.S.
this week. The four previous Internet companies from China that
completed sales this year surged an average of 57 percent in their
trading debuts, Bloomberg data show. China, home to more than 400
million Internet users, may expand four times as fast as the U.S.
next year, according to the International Monetary Fund.
China Dangdang are ¡°two companies that excite investors¡¯ imagination,¡±
said Jack Ablin, chief investment officer at Chicago-based Harris
Private Bank, which oversees $55 billion. The IPOs represent an
¡°intersection of China and the Internet, and so everyone¡¯s jumping
on board for that theme,¡± he said (Dec. 2010).
CNOOC's oil and gas output exceeded 60m tons last year
BEIJING - China
has joined the world's elite club of offshore oil producers after
China National Offshore Oil Corp (CNOOC) announced that its oil
and natural gas output surpassed 60 million metric tons in 2010.
The country's largest offshore oil explorer's oil and gas production
last year totaled 64.13 million metric tons of oil equivalent, of
which 50 million was produced domestically, said its president Fu
Chengyu on Tuesday.
a milestone that China has become one of the world's largest offshore
oil producers after the United States, the United Kingdom, and Norway
... And the marine petrochemical industry will boost the country's
energy supply," Fu said.
energy demand has led the nation's foreign oil dependence ratio
to reach a new high of 55 percent in 2010.
that 60 percent of China's oil consumption will be imported by 2020,"
said Wang Jiacheng, a researcher at the Academy of Macroeconomic
Research under the National Development and Reform Commission.
offshore oil exploration, which is still at an early stage, has
become a major factor in quenching the nation's thirst for the natural
our gas and oil output to exceed 200 million metric tons of oil
equivalent by 2020, including 50 million tons of LNG (liquefied
natural gas)," Fu told China Daily.
He added that about 800 billion yuan ($121 billion) to 1 trillion
yuan would be invested during the 12th Five-Year Plan (2011-2015),
with the majority going to offshore oil exploration.
total profits exceeded 90 billion yuan in 2010, up over 70 percent
from 2009's 52.4 billion yuan, Fu said.
will make up 40 percent of the world's oil output by 2015, compared
with 34 percent in 2004, according to figures from the China Petroleum
and Petrochemical Engineering Institute. Offshore gas will account
for 35 percent of the world's gas output over the same period.
central government said in its 12th Five-Year Plan that the country
should develop and implement a marine development strategy, and
improve technical ability and comprehensive management.
CNOOC has tapped
into Africa, South America, the Middle East, and Australia for cooperation
opportunities in oil and gas projects.
to integrate into the global economy through international cooperation
and support other countries' development," Fu said.
CNOOC has also tried to develop deepwater oil and gas resources,
an area that has a large growth potential.
has invested 15 billion yuan into manufacturing state-of-the-art
deepwater equipment, including drill-ships and geophysical and survey
vessels. The equipment is expected to be used in 2011, said Zhou
Shouwei, vice-president of CNOOC (Dec. 2010).
China on target to achieve green goals
TIANJIN - China needs to cut its energy consumption per unit of
GDP by 5 percent this year and the target is "within reach",
China's top climate official said.
As part of Beijing's
efforts to tackle climate change, the 11th Five-Year Plan (2006-2010)
set the goal of reducing energy consumption per unit of GDP by 20
percent in 2010 compared to 2005.
only achieved a cut of 15.6 percent by the end of 2009, so we have
to cut the remaining 5 percent this year to reach our target,"
Xie Zhenhua, deputy director of the National Development and Reform
Commission, said at a press conference during the ongoing United
Nations Climate Change Conference in Tianjin.
"It's very challenging
to further cut energy use and reach the set goal," Xie said.
provinces and autonomous regions are on track to meet the target,
while six to seven other provincial-level administrative areas have
encountered obstacles, he said. (Oct.
high hopes for bumper Year 2010 in China market
M's Buick display area in 2007 Shanghai Expo in the file photo taken
Although it is facing the biggest challenge worldwide in its century
old history, General Motors has found the Chinese market is giving
it a glimpse of hope for business survival.
Last year, the US auto
firm harvested record profits in China, benefiting from the robust
economic growth in the country.
The US automaker reported
1.83 million units sold across the country, an increase of 67 percent
from the previous year.
It compared with a 46
percent year-on-year increase for China's total automobile sales
in 2009, spurred by the Chinese government's prompt stimulus package
for the automobile industry amid global stagnation. The stimulus
included halving taxes on smaller cars with an engine capacity of
or less than 1.6-liters and subsidies for trading in old vehicles.
"The year of 2009
was very successful for GM in the China market. We forecast further
growth in 2010 as we are confident in the Chinese government's active
moves to support the local economy in such a global slowdown,"
said Tim Lee, president of Shanghai-based GM International Operations,
which operates in all GM's markets outside North America.
"The biggest concern
for a promising future here is that the Chinese government is increasing
money supply," said Lee. He told China Daily that he believed
China's investment climate was "still very good this year".
He continued: "GM
will continue to invest business here, not only bringing more products
but also adding capacity for every joint venture."
In addition to expanding
its capacity through adding production shifts and developing its
existing assembly lines to meet robust market demand, Lee said that
GM was still considering building a new plant in China in the near
future to accommodate strong growth in the world's largest auto
"We have enough
capacity to build the cars we need to sell this year and we need
to continue to look for ways of increasing our capacity. That will
mean we will have to add a new plant some time in the near future,"
said Kevin Wale, president and managing director of GM China.
For the first two months
of 2010, GM's sales in China rose 73.6 percent from a year earlier
to a record 393,498 units.
sales numbers, with year-on-year growth rate of 51 percent, exceeded
our expectations despite the Spring Festival holiday," said
Wale. "The continued strong market demand portends another
record year for both the industry and GM in China in 2010."