China Mass Media International Advertising Corp has filed a U.S. IPO.
China Mass Media is an independent television advertising company in China that provides a full range of integrated television advertising services to state-owned China Central Television, or CCTV.
China Mass Media will sell on the New York Stock Exchange under the symbol CMM.
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From the monthly archives:
July 2008
Thanks to Sean Brodrick for this factoid.
Fifteen years ago, there were almost no private cars in the country. China now has 15.2 million private cars. Still, less than 4% of the country’s 1.3 billion people have already bought a car. That’s the same percentage of car ownership the U.S. had in 1915!
This report below shouldn’t be surprising. All signs point to another leg up in China’s economy. If you purchased the recommended FXI, hold for big gains!
(U.S. News & World Report) ― The Washington Post reports, “Car ownership in China is exploding, and it’s not only cars but also sport-utility vehicles, pickup trucks and other [...]
News You Can Use …
There Will Be Water T. Boone Pickens thinks water is the new oil—and he’s betting $100 million that he’s right. In the coming decades, as growing numbers of people live in urban areas and climate change makes some regions much more prone to drought, water—or [...]
China Distance Education provides online training programs for occupational and professional certification, to prepare people for college entrance exams, and in foreign languages.
And will go public in the U.S. on July 28.
Sounds a lot like New Oriental Education, doesn’t it? It is a tiny and much less profitable cousin though and [...]
Forgive me for posting about a subject only somewhat related to currencies, commodities and investments, but I just had to vent somewhere.
Last night, I was watching Comedy Central while my wife was sleeping beside me. All of the sudden, I see a commercial that features the World Trade Center and starts talking about a new commemorative [...]
My latest HoweStreet.com Interview (from yesterday) is up. You can listen to it by clicking HERE.
Also, I have a new MoneyandMarkets.com column today …
Get Ready for the Next Leg Up in Oil by Sean Brodrick Wednesday, July 30, 2008 7:30 AMOil has pulled back from its highs, and now analysts are lining [...]
This piece of news surprised me: Dell computers are now sold at 3,000 stores in China.
I don’t think that is going to make a huge impact on Dell’s bottom line, but I am surprised at the number of stores carrying Dell computers.
We just got the latest S&P/Case-Shiller figures, this time for May. Here is what the numbers showed:
* Prices fell 0.9% from April in 20 major U.S. metropolitan areas. That was another improvement on the month (April was -1.3%, March was -2.2%, and February was -2.6%). However, the year-over-year decline in prices came to 15.8%, [...]
China Railroad is the largest railroad construction company in China. It just landed two contracts worth $1.2 billion.
One contract to upgrade the railroad between Beijing and Kowloon and the other is to build a highway in Ethiopia.
