30 million U.S. dollars of "Winter Assistance Plan" doesn't bring good performance to Alibaba in the share price. Yesterday, with the crash of Hong Kong stock market, Alibaba also has created the Hong Kong dollar 3.71 per share, a 52-week low of records.
There is less than one year after Alibaba listing, but the current market value has been close to the amount of original financing.
Originally Posted: China Business Daily
Author: Angulo Fu
Tuesday, October 28, 2008
Alibaba Price to Minimum after the Listing
Huizhou 800,000 Tons Ethylene Plant Contract Signed
On October 28, 2000, the contract of Huizhou 800,000 tons ethylene plant was signed in Beijing. The contract had made history in China's petrochemicals industry. It had built and now operates a USD$4.1 billion world-scale petrochemicals complex, which was one of the largest capital investments for a Sino-foreign joint venture project to date in the People's Republic of China. The two side of contract were China National Offshore Oil Corp. (CNOOP) and Shell.
Under the contract, in 2005, a world-class modern petrochemical plant would be built in Daya Bay Economic and Technological Development Zone, Huizhou, Guangdong Province. Its main equipment includes: an annual capacity of 800,000 tons of ethylene cracker, a co-generation unit which an annual capacity of 560,000 tons of styrene monomer and 250,000 tons of propylene oxide, an annual capacity of 320,000 tons ethylene glycol unit, an annual capacity of 240,000 tons of polypropylene unit and so on. The petrochemical enterprises would introduce 12 world's most advanced technology. The plant with an annual output of 2.3 million tons of high quality petrochemical products, would replace some of the imported products on Chinese market. The annual sales would be expected to reach 17 billion U.S. dollars.
It is understood that the newly established joint venture company known as CNOOC and Shell Petrochemicals Company Limited (CSPC). Each accounted for the 50% of the shares.
Originally Posted: China Business Daily
Author: Angulo Fu
Monday, October 27, 2008
ICBC Launched Listing on A-share and H-share Markets
On October 27 2006, ICBC blazed new trail and successfully launched listing on both A-share and H-share markets and broke multiple records including the largest IPO in the history of global capital market. It earned reputation of the "Century Offer" in international medias and financial circle. The IPO further boosted ICBC's capital resources and influence on the international market. Till the end of 2006, the total market capitalization of the bank was in excess of USD 250 billion, qualifying it both as the biggest listed company on A-stock market and as the biggest bank in Asia and one of the top-three listed banks around the world. Furthermore, ICBC has also been included multiple key indexes including Hang Seng Index, MSCI China Index, H-share Index, and Shanghai Composite Index. ICBC is the most heavily weighted stock for Shanghai Composite Index and is the mostly weighted financial stock in MSCI China Index.
Industrial and Commercial Bank of China (ICBC) is the largest of China's "Big Four" state-owned commercial banks (the other three being the Bank of China, Agricultural Bank of China, and China Construction Bank). It is the largest bank in the world in terms of market value and one of the world's top ten banks by assets.
It was founded as a limited company on January 1, 1984. As of 2006, it had assets of RMB 7,055 billion (US$893 billion), with over 18,000 outlets including 106 overseas branches and agents globally. In July 2007, with a market capitalization of US$254 billion, it became the world's most valuable bank after a strong gain in its share price, overtaking Citigroup.
Originally Posted: China Business Daily
Author: Angulo Fu
Sunday, October 26, 2008
eBay to Sell Skype
It is reported that there has been no profit since the acquisition, eBay plans to sell Skype. Google and Microsoft are likely to take over for snatching the IM market.
In 2005, eBay spent 2.6 billion U.S. dollars to buy Skype, trying to increase revenue of auction. However, in the period of nearly three-years, Skype did not only make profits but increase the operating costs, so the market rumors that eBay plans to sell Skype.
According to reports, originally planned to enter the IM market, Google intended to bid to buy Skype, and Microsoft has subsequently expressed the will want to take over Skype.
Skype is a software that allows users to make telephone calls over the Internet. Calls to other users of the service and to free-of-charge numbers are free, while calls to other landlines and mobile phones can be made for a fee. Additional features include instant messaging, file transfer and video conferencing.
It was created by entrepreneurs Niklas Zennström, Janus Friis, and a team of software developers based in Tallinn, Estonia. The Skype Group has its headquarters in Luxembourg, with offices in London, Tallinn, Tartu, Stockholm, Prague and San Jose.
Skype has experienced rapid growth in popular usage since the launch of its services. It was acquired by eBay in September 2005 for $2.6 billion.
Skype currently has 370 million users. The annual growth rate is 46%. In the 3rd-quarter of this year, there are 3200 increased users, an increase of 41%.
Originally Posted: China Business Daily
Author: Angulo Fu
Hang Seng Index's Largest One-day Decline
On October 26, 1987, Hong Kong Hang Seng index was down 33.3 percent in a single day, is the largest-ever single-day fall.
The Hang Seng Index (abbreviated: HSI) is a freefloat-adjusted market capitalization-weighted stock market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong. These 45 companies represent about 67% of capitalization of the Hong Kong Stock Exchange.
HSI was started on November 24, 1969, and is currently compiled and maintained by HSI Services Limited, which is a wholly owned subsidiary of Hang Seng Bank, the largest bank registered and listed in Hong Kong in terms of market capitalisation. It is responsible for compiling, publishing and managing the Hang Seng Index and a range of other stock indexes, such as Hang Seng China AH Index Series, Hang Seng China Enterprises Index, Hang Seng China H-Financials Index, Hang Seng Composite Index Series, Hang Seng Freefloat Index Series and Hang Seng Total Return Index Series.
Originally Posted: China Business Daily
Author: Angulo Fu
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