The Future of the Auto Industry
Who would have thought that one of the biggest and oldest American auto giants have gone bankrupt? To be honest, I didn’t expect that to happen so soon. I thought the US government would somehow bailout GM and prevent the company from filing chapter 11, but it didn’t happen. Even though the government keeps on [...]
Tagged as: american, automakers, bailout, bankrupt, chapter 11, chinese, chrysler, debt, Economy, ford, gm, government, japanese, oil, taxpayersChinese Olympics 2008
August 8, 2008 is a very special day for the Chinese people because 8 is a lucky number, which symbolizes wealth. It is the first day of the opening ceremony for the Summer 2008 Olympics held in Beijing, China. This event probably happens once in our lifetime, and it is no coincidence at all.
Tagged as: chinese, olympicsAlibaba.com
Bought 2000 1688.HK shares @ 28.05 HKD
I bought Alibaba because of the following reasons:
Yahoo owns 40% of Alibaba. (Link)
It has recently fallen from its highs (~$40).
Biggest B2B business in China – “The Chinese eBay”.
HSBC appoints CEO of Alibaba David Wei as non-executive director. (Link)
28 and 1688 are good numbers. =)