Friday, September 12, 2008

CFS be Included in the Russell 3000 Index

China Fire & Security Group, Inc.China Fire & Security Group, Inc. (Nasdaq: CFSG) has been included in the Russell3000Index and RussellMicrocapIndex by the annual adjustment of Russell index.

Russell3000Index includes the 3,000 largest value of the shares on the United States market. The index membership will be effective in the coming year. Russell index is widely used by fund managers and institutional investors.

Originally Posted: China Business Daily
Author: Angulo Fu


Asian Gas Prices Rising by 80%

CERAThe Director of U.S. Cambridge Energy Research Associates Beijing Office John Harris recently predicted that because of majority of new projects tardiness and Indonesia, Egypt and other countries' export restrictions, the Asian natural gas prices may grow up by 80 percent this year.

According to China Customs statistics, China the imports price of liquid natural gas (LNG) is 14.35 U.S. dollars / MBtu in June. Harris believes that to this winter, the northern hemisphere liquid natural gas (LNG) prices are likely to rise 25 U.S. dollars / MBtu.

It is learnt that at present in Russia, Yemen and Indonesia to build several liquid natural gas (LNG) plant. The total production capacity is about 24 million tons, the original plan is putting them into operation in the second half of this year, but have been postponed until next year.

Japan's Ministry of Finance's data showed that the first half of this year, Japan imported 34.67 million tons of liquid natural gas (LNG), up 6.2 percent. South Korea has also increased import of liquid natural gas (LNG) this year, 3.5 percent.

These factors will cause tight supply of liquid natural gas (LNG) international market. Some experts have estimated that the world's shortage of liquid natural gas (LNG) will continue until 2013.

In April, U.S. Citi Group analyst James Neil had expected that from now to 2015, the consumption of global liquid natural gas (LNG) will be grow up with 10 percent at an annual rate. It is five times than the oil consumption.

Originally Posted: China Business Daily
Author: Angulo Fu


Thursday, September 11, 2008

Commemorate Seven Anniversary of 9/11, almost all Flag Made in China

U.S. Natinal FlagWith the September 11 increasingly approaching, many Americans will plug a U.S. flag in the yard or hands to commemorate this special day. Seven years before, September 11 2001, the United States experienced terrorist attacks. The New York World Trade Center collapsed in the attack.

If you check the label below the national flag carefully, you may find the origin of the flags may be the Chinese mainland. In fact, after the 9/11 incident, a large number of Chinese-made American flag poured into the U.S. market.

The nation's largest flag makers FlagSource president Janice Christiansen said the many Americans want to buy cheap flag is the reason for massive influx of China-made American flag.

The national flag was the only one textile industry which is a completely managed by the United States. Before the 9-11 incident, almost all of U.S. flags on the market are from U.S. domestic manufacturers. However, most of them on the market are from overseas, mainly from China, India, Mexico and other countries.

It is not clear how many national flag on the U.S. market from overseas. But be sure, compared with seven years ago, the price of national flag has greatly declined. U.S. market is filled with a variety of cheap flags.

Yankee Doodle Flag is a Flag vendor. The CEO Fred Bretzloff said there are about 60 percent of Americans do not want to buy national flag from overseas, but there are still 40 percent of Americans do not mind the origin of the national flag.

Originally Posted: China Business Daily
Author: Angulo Fu


World Bank: Azerbaijan Rank First in Simplifying Business Regulations

The World BankThe World Bank Tuesday released the "Annual Report of the Global Business Environment". Azerbaijan rank first in simplifying business regulations.

Albania was second, followed by Kyrgyzstan and Belarus. This seems that Eastern European and Central Asian countries are leading in in economic reform.

In the 181 countries, the best state of overall business environment is still Singapore. The followed are New Zealand, the United States, Hong Kong, Denmark, Britain, Ireland, Canada and Australia.

One of the authors of the report Penelope Brook said that this year there are 113 economies take 239 commercial reform. This figure is the highest since 2003.

The report is based on 10 indicators. These indicators inspect the impact on the commercial environment from the government.

Originally Posted: China Business Daily
Author: Angulo Fu


Wednesday, September 10, 2008

The Richest Network Heroes in the Global

Forbes published the 2008 Global Network Rich List, a total of 33 selected Internet tycoons. Two Google founders Sergey Brin and Larry Page respectively ranked final position in their personal net assets of 18.7 billion U.S. dollars and 18.6 billion U.S. dollars. Forbes said the 33 Internet regals' total value is up to 109.7 billion U.S. dollars.

The list shows that the chairman of ZTgame Yuzhu Shi ranks seventh in 2.8 billion U.S. dollars individual net assets. In addition, Yahoo CEO Jerry Yang, CEO of Tencent Pony Mag, Baidu CEO Robin Li, Chairman of the Board of Alibaba Jack Ma and CEO of Netease William Ding are also on the network rich list.

1. Sergey Brin
Sergey BrinNet assets: 18.7 billion U.S. dollars


In 1998, Brin and Larry Page together create Google in a friend's garage. The initial start-up capital are from Stanford donors, angel investors K. Ram Shriram and Andy Bechtolsheim. November 2007, Google shares made the highest price history of 740 U.S. dollars.

2. Larry Page
Larry PageNet assets: 18.6 billion U.S. dollars


In 1998, Brin and Larry Page together create Google in a friend's garage. The initial start-up capital are from Stanford donors, angel investors K. Ram Shriram and Andy Bechtolsheim. November 2007, Google shares made the highest price history of 740 U.S. dollars.

3. Jeff Bezos
Jeff BezosNet assets: 8.2 billion U.S. dollars


Bezos is a veterans of network industry, survivor of the Internet bubble. In 1989, After graduation from Princeton University, Bezos engaged in hedge funds. Before the 30-year-old birthday, he resigned and founded Amazon in a garage of Seattle.

4. Pierre Omidyar
Pierre OmidyarNet assets: 7.7 billion U.S. dollars


1995, Pierre Omidyar founded the eBay, an online auction site. Today, there are about more than 1 million users to eBay as their primary or secondary source of income. 1998, Omidyar gave the company operating to Margaret Whitman, and only kept the Chairman of the Board. Aomideya is active blog author and keen to Charity.

5. Eric Schmidt
Eric SchmidtNet assets: 6.6 billion U.S. dollars


Schmidt got electrical engineering degree at Princeton University and a doctorate at the University of California at Berkeley. He have worked at Bell Labs and Xerox. In 1980s, Schmidt participated in the development of Java technology in Sun. Since 2001, he has been the CEO of Google.

6. Jeffrey Skoll
Jeffrey SkollNet assets: 3.6 billion U.S. dollars


Skoll was the first full-time employee and eBay's first president. Now he is the company's second-largest shareholder. Skoll is no longer involved in company operations, but turned to charity work and the film.

7. Yuzhu Shi
Yuzhu ShiNet assets: 2.8 billion U.S. dollars


Yuzhu Shi graduated from Zhejiang University, and in 1991 set up Giant High-tech Group in Zhuhai. But because the construction of giant skyscraper, he eventually failed. Then Yuzhu Shi created Zhengtu online games and be successful. He has always been different from ordinary people to the famous marketing tools, creating Giant Network and Listing in New York Stock Exchange. Yuzhu Shi's about half of the wealth come from its holdings of the Minsheng Bank and Huaxia Bank.

8. Hiroshi MikitaniHiroshi MikitaniNet assets: 2.6 billion U.S. dollars


Hiroshi Mikitani founded the online stores Rakuten. It is the sixth popular web site in Japan's past 10 years. Hiroshi Mikitani launched the Rakuten in Taiwan. He planned to launch 3000 virtual network shops in 3 years in Taiwan.

9. Mark CubanMark CubanNet assets: 2.6 billion U.S. dollars


Cuban and his Indiana University student Todd Wagner set up an early video portal site, and in 1995 sold to Yahoo for 5.7 billion U.S. dollars. Cuban founded a media empire, with film production, distribution and the theater, eagers to blog writing.

10. David FiloDavid FiloNet assets: 2.5 billion U.S. dollars


Filo and Jerry Yang founded Yahoo, and in 1996 led the Yahoo listing. In 2005, Filo spent 1 billion U.S. dollars to buy 40 percent Shares of Alibaba.

11. Jerry YangJerry YangNet assets: 2.3 billion U.S. dollars


Jerry Yang with Yahoo with Filo. 2007, he dismissed the CEO Terry Semel. In June of last year, Jerry Yang be the Yahoo's CEO. And in February of this year, he rejected the 45 billion U.S. dollars acquisition from Microsoft.

12. Omid KordestaniOmid KordestaniNet assets: 2.2 billion U.S. dollars


In 1999, Kordestani left Netscape to join Google, as Google's business founder. Now he is the vice president of sales and business development. Kordestani led Google spent 1.65 billion U.S. dollars on acquisition of YouTube in 2006.

13. Andreas BechtolsheimAndreas BechtolsheimNet assets: 2.0 billion U.S. dollars


Bechtolsheim is the co-founder of Sun, currently return to Sun and served as senior vice president and chief designer. He initially voted to Google 100,000 U.S. dollars as start-up funding, now has a market value of up to 1.7 billion U.S. dollars. Bechtolsheim also hold shares of Magma Design Automation, a chip design software company.

14. John SperlingJohn SperlingNet assets: 1.7 billion U.S. dollars

Apollo Group

In 1976, Sperling create the University of Phoenix. Today it has become the nation's largest private university system. About 300,000 students have participated in the school more than 100 bachelor, master's degree courses. His son Peter Sperling is the Apollo Group's senior vice president.

15. John DoerrJohn DoerrNet assets: 1.7 billion U.S. dollars

Venture Investment

In the 1990s, Doerr served in Kleiner Perkins Caufield & Byers. He has invested in Intuit, Amazon and Netscape. But only the Google investment bring enormous wealth to him.

16. Peter Sperling

Net assets: 1.7 billion U.S. dollars

Apollo Group

Peter Sperling is senior vice president of Apollo Group which is created by his father.

17. Anurag DikshitAnurag DikshitNet assets: 1.6 billion U.S. dollars


Ruth Parasol founded the network gambling site PartyGaming in 1997. Dikshit joined in PartyGaming in the following year and developed the site gambling software. After the U.S. law prohibits financial institutions involved in online gambling, the stock price began to fall since 2005. Dikshit sold a large number of shares and left the board of directors, but still hold large number of stock.

18. David CheritonDavid CheritonNet assets: 1.6 billion U.S. dollars


When Cheriton was a professor of Stanford University, he introduced Google founders Brin and Page to the venture investment institution Kleiner Perkins Caufield & Byers. Then got substantial return on the stock. Cheriton and Andreas Bechtolsheim set up the network equipment company Granite Systems, and in 1996 sold the company to CISCO.

19. Todd WagnerTodd WagnerNet assets: 1.5 billion U.S. dollars


Because tired of the boring lawyer life, Wagner and Mark Cuban set up the early video portal site, and in 1999 sold it to Yahoo for 5.7 billion U.S. dollars. Wagner currently owns shares of 2929 Entertainment, Magnolia Pictures, Landmark Theatres, HDNet Films and Lionsgate.

20. Mark ZuckerbergMark ZuckerbergNet assets: 1.5 billion U.S. dollars


February 2004, Zuckerberg founded the social networking site Facebook at Harvard University's dormitory, and later left the school to the development in Silicon Valley. He got 500,000 U.S. dollars as start Funds from PayPal co-founder Peter Thiel. Currently, Facebook has more than 66 million active users, the projected annual revenue will be the 150 million U.S. dollars. October last year, Microsoft spent 240 million U.S. dollars on acquisition of Facebook 1.6% stake, so that the outside world of Facebook's valuation as high as 15 billion U.S. dollars.

21. James ClarkJames ClarkNet assets: 1.4 billion U.S. dollars

Netscape,, Shutterfly

Clark invested or start-up many companies, including Silicon Graphics, Netscape, Healtheon. The company was listed, Clark sold the shares, successfully avoided the Internet bubble burst. After then he invested in computer security company Neoteris and Hyperion Development Group, and hold 40% stake of Shutterfly, a picture-sharing site, which was listed in 2006.

22. Pony MaPony MaNet assets: 1.4 billion U.S. dollars


Pony Ma is the founder of the Tencent company which has the QQ, the most popular Internet message software in China. QQ attracts international manufacturers advertisers, such as McDonald's and Nike.

23. Robin LiRobin LiNet assets: 1.4 billion U.S. dollars


Baidu co-founder and CEO. Baidu is China's most popular Internet search engine. In 2000, Robin Li founded Baidu and listed on the Nasdaq in 2005.

24. Barry DillerBarry DillerNet assets: 1.3 billion U.S. dollars


Diller currently holding e-commerce company IAC/InterActiveCorp, which owns, Citysearch, and so on over 60 brands.

25. Margaret WhitmanMargaret WhitmanNet assets: 1.3 billion U.S. dollars


Whitman joined eBay in 198 years as CEO, and lead the company through Internet boom and the bubble burst period. Last year, Whitman first time since 2003 sale of eBay stock, and announced that next year will resign from the CEO in January.

26. Michael MoritzMichael MoritzNet assets: 1.3 billion U.S. dollars

Yahoo, PayPal, Google

Moritz had studied history at Oxford University, received an MBA from the Wharton School of Business. Then he worked in the press. In 1986, Moritz joined the United States Sequoia Capital, and invested in Yahoo and PayPal. The most successful investment is the initial investment in Google. The investment is only 12.5 million U.S. dollars, but now the market value is as high as 11.4 billion U.S. dollars. And he himself also benefit 750 million U.S. dollars. The current investment includes network address Plaxo, women site Sugar and human resources software Saba.

27. Marc BenioffMarc BenioffNet assets: 1.2 billion U.S. dollars


Benioff founded in 1999. He migrated traditional customers database to the network and made a great success.

28. Stephen CaseStephen CaseNet assets: 1.2 billion U.S. dollars


Case founded AOL, and merger with Time Warner to build cross-media empire. However, since the Internet bubble burst, 2003, as the Chairman of AOL, Case left the company. Now, Case focus on high-end vacation club Exclusive Resorts.

29. Peter ThielPeter ThielNet assets: 1.2 billion U.S. dollars

PayPal, Facebook

In 1996, Thiel founded Thiel Capital Management, and in 2002 changed its name to Clarium capital Management. At present the company's management more than 5 billion U.S. dollars worth of assets. In 1998, Thiel co-found the PayPal, and in 2002 sold it to eBay. 2005, Thiel invested 50 million U.S. dollars founded Founders Fund. In 2004, he provided 500,000 U.S. dollars of start-up funding to the founder of Facebook.

30. Sameer GehlautSameer GehlautNet assets: 1.2 billion U.S. dollars


Gehlaut is India's youngest self-made tycoon. In 1999, Gehlaut and two university firends founded the intermediary site Indiabulls. in 2004, his company listed in India. At present, Gehlaut is the company's largest shareholder, and manage company.

31. J Joseph RickettsJ Joseph RickettsNet assets: 1.2 billion U.S. dollars


1995, Ricketts set up the Ameritrade, a website of exchange, and was listed in 1997. In the summer of 2005, Ricketts rejected the rival E * Trade's acquisition request which as high as 60 billion dollars. And in a few months later, Ameritrade made the acquisition of 1.7 billion U.S. dollars to the TD Waterhouse.

32. Jack MaJack MaNet assets: 1.1 billion U.S. dollars


In 1998, Ma set up Alibaba in 60,000 U.S. dollars. In 2007 he led the company listed in Hongkong. At the same time, Alibaba Group owns Taobao, Ali-pay, Yahoo China, Ali-soft and so on.

33. William DingWilliam DingNet assets: 1.0 billion U.S. dollars


In 2003, William Ding was the richest man in China. Netease had hoped to rely on online games in the competition to survive. The business has become the company's main business.

Originally Posted: China Business Daily
Author: Angulo Fu


Foxconn Increased R & D Investment on Smart Phones

FoxconnFrom Foxconn Group was informed that the software research and development center in Nanjing company is rapidly expanding technical staff. It is expected that Nanjing R & D center will be 50,000 people scale at the end of this year.

Foxconn Group's Foxconn International Holdings Limited (02038. HK) disclosed that the company has been added so far 700 to 800 smartphone R & D personnel this year. In the future, Foxconn International will continue to increase the staf, even form Taiwan and Korea.

Analysts pointed out that the mobile phone business's low margins strike Foxconn Group's Foxconn International and Hon Hai Precision in the first half year. Foxconn Group obviously hope to bring out low-margin business of the quagmire and occupy the forefront of research and development of smart phone. With a view to the future to better serve customers, maintaining its position of King of OEM.

Originally Posted: China Business Daily
Author: Angulo Fu


3rd Terminal of Beijing Airport will be Set Up Wireless Internet Access

Wireless Network AccessNow, the passengers with notebook computers could browse the Internet.

According to the relevant person of Beijing Capital International Airport, with the rapid development of mobile commerce, there are more and more visitors carrying portable computers. In July of this year, the Capital International Airport Co., Ltd. and China Mobile Communications Group have signed an agreement on wireless Internet access. The 3rd airport terminal added wireless Internet services. The trial operation has started from August this year.

Currently, the 3rd airport terminal installed 70 wireless access points. The network has covered all regions of the terminal. Beijing Capital International Airport will progressively finish the wireless network coverage.

Originally Posted: China Business Daily
Author: Angulo Fu


Facebook Revenue of Virtual Application will Up to 100 Million U.S. Dollars

FacebookEarlier this month, Lightspeed Venture Partners's partner Jeremy Liew had expected, Facebook through the sale of virtual gifts will be as high as 34.5 million U.S. dollars in revenue.

However, the latest report, Facebook virtual gifts only is part of the revenue. And some other independent virtual application revenue even higher than that of virtual gifts revenue. It is estimated that other independent virtual application this year's revenue is expected to reach 55-60 million U.S. dollars, making this year's virtual application revenue reached 85 million to 100 million U.S. dollars.

Moreover, in the next 12 months, this part of revenue will continue to rise, more than 100 million U.S. dollars was inevitable. At present, the virtual currency used throughout all the world. It is reported that China's scale of virtual currency economies is even more than the online advertising market.

Originally Posted: China Business Daily
Author: Angulo Fu