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Business Tianjin Magazine - Business English Magazine in China
  
NEWS -
China Real Estate
Friday, 17 September 2010 14:38
SouFun Holdings Ltd., the operator of China’s biggest real-estate website, raised $125 million selling shares at the top of its forecast price range in this month’s first U.S. initial public offering.
The company that controls almost half of China’s online real-estate advertising market sold 2.93 million American depositary receipts at $42.50 each yesterday, a Securities and Exchange Commission filing and a statement showed. At the midpoint price, SouFun was valued at 14.3 times earnings, 14 percent less than the average of six Internet portals and property information providers, data compiled by Independent International Investment Research Plc and Bloomberg show.
The offering came after the number of Internet users in China, the world’s fastest growing major economy, surpassed the entire U.S. population. The IPO was the first of at least 10 scheduled in the U.S. this month after the Standard & Poor’s 500 Index rebounded 10 percent from its 2010 low in July.
"This does start to show that as long as deals are priced right, the IPO market is alive and well,” said Michael Yoshikami, who oversees about $1 billion at YCMNet Advisors in Walnut Creek, California. “Anything that has Internet, China and IPO in it will be strongly appealing to investors.”
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Written by Administrator
Tuesday, 07 April 2009 10:35
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Logistic & Distribution Manager 物流及发行经理
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Code: PM0907
JOB DESCRIPTION:
- Coordinate, supervise and instruct on domestic and international shipping arrangements to ensure secure, timely and cost effective deliveries
- Be responsible for managing third party logistics vendors to maintain and improve their quality of service
- Ensure all logistics practices are in compliance with company's policy
- Distribute the products locally and where necessary
- Inspect and instruct distribution work and find new locations to distribute our products
- Plan and control customer services including inquires and customer records
WHO WE ARE LOOKING FOR:
Requirements:
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Bachelor’s degree or above, major in Logistics or Supply Chain Management are preferred
- Over three years of relative working experience
- Transportation strategy development, planning and budgeting experience
- Experience with customs clearance, CIQ procedure, shipment, inbound/outbound and import/ export
- Effective conflict resolution, data analysis and performance measurement
- Good customer and marketing industry connections
- Fluent in English for internal and external communication
- Working knowledge of MS Office and ERP system (preferred: SAP)
- Good leadership, interpersonal and organizational skills
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NEWS -
Tianjin Transportation
Thursday, 28 April 2011 14:23
Tianjin Port (600717) recorded a 40.26 percent year-on-year increase in first-quarter net profits to 221 million yuan, reports 163.com, citing a company filing. Sales revenues rose 11.07 percent to 2.8 billion yuan and earnings per share hit 0.13 yuan, up 44.44 percent.
According to China International Capital Corporation, China’s container throughput and cargo throughput respectively grew 13 percent and 14 percent in the first quarter.
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Written by Administrator
Tuesday, 07 April 2009 10:35
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About Business Tianjin
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Introduction
Business Tianjin is the only English language business journal in Tianjin. You can depend on it as a prime, reliable source of information concerning Tianjin's socioeconomic development, Summer Davos, trends in foreign and domestic investment, financial affairs and its booming service industry sector. Well illustrated and complete with economic and trend analyses given by experts, Business Tianjin is an indispensable guide for international businesspeople working in Tianjin.
Target Readers
● Long stay foreign businesspeople in Tianjin
● Short stay business professionals who visit Tianjin
● Overseas businesspeople who would like to invest business in Tianjin
● Chinese business leaders and local governmental leaders who are proficient in English
Style
Size: 16K international standard
Language: English
Frequency: Monthly
Circulation
Business Tianjin directly mails complimentary subscriptions to top executives in foreign invested enterprises in Tianjin and Binhai New Area, decision makers and top executives from local enterprises, and top government officials every month. A directly mailed readership base of more than 80% senior executives ensures that the magazine provides the most cost effective advertising medium for those looking to reach decision makers in Tianjin. The magazine is also distributed at selected venues that offer high visibility, including Binhai International Airport, the Tianjin Chambers of Commerce, 5 star hotels in Tianjin and Binhai New Area, office buildings, business clubs and organizations, international schools, universities and recreation spots. Business Tianjin also directly mails to national chambers of commerce and embassies in Beijing.
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NEWS -
China Real Estate
Tuesday, 06 July 2010 13:39
Minister's remarks 'reflect govt's resolve to cool property market'
BEIJING - Property prices are likely to start falling in the last quarter of the year as tightening measures for the sector continue, officials and analysts have said.
Dropping sales volume and stagnant prices could lead to a deeper price slump in the market, Minister of Land and Resources Xu Shaoshi said on Sunday.
"In about three months, the property market will probably reach a comprehensive correction and prices will fall in some areas. But it's hard to predict the extent of the price drop, which may vary from city to city," Xu was quoted by China News Service as saying at a conference in Dalian, Liaoning province.
The ministry will strengthen property management and clear up idle land to ensure land supply for affordable housing, he said.
Xu's latest remarks reflect the central government's resolve to curb excessive property prices, said Grant Ji, director of real estate service provider Savills (Beijing).
In late June, the Ministry of Housing and Urban-Rural Development held a forum in Qingdao and pushed for an individual housing information system to supervise mortgages and stem speculative activities in the housing market.
Similarly, Hu Cunzhi, chief planner of the Ministry of Land and Resources, said at a recent forum that the government will raise the threshold for developers to bid for land, asking them to set aside money that is 30 percent of the land's bottom price - as compared to 20 percent previously - during the bidding process.
"All these measures are aimed at managing people's expectations - the price will fall, as an expectation for loosening policies will lead to a strong rebound in prices," Ji said.
Since April, the government has launched a slew of measures to cool down the sizzling property market, including tightening bank lending as well as hiking down-payment and mortgage rates for second-home buyers.
Property sales volume has since plummeted, but prices remain stable.
Realty prices in 70 major cities nationwide rose 12.4 percent year-on-year in May, compared to the record 12.8 percent hike in April, figures from the National Bureau of Statistics showed. The month-on-month increase was 0.2 percent in May, compared with 1.4 percent in April.
Many people had expected housing prices to drop. According to a recent survey by China Index Academy, of the 964 Beijing homebuyers polled, 39.2 percent expected a slight drop in realty prices, while 19.8 percent anticipated a steep fall. Only 2.5 percent of those polled believed prices would continue rising.
Half of the respondents also believed that government policies were well enforced, compared to less than 20 percent of respondents in the first quarter. Only 8.3 percent of those polled said they would immediately buy a home, compared to nearly 18 percent in the first quarter.
"The housing agency next to my company has had much fewer visitors in recent weeks," 24-year-old Beijinger Wang He said.
"I believe housing prices will come down if the government really wants it to."
A substantial price adjustment may come in the fourth quarter, when property developers' cash flow tightens after slow sales and increasing difficulty in obtaining financing, said Lin Lei, marketing chief of US-listed real estate brokerage Century 21st.
"Property developers' best solution is to cut prices before more stringent policies are rolled out," Lin said.
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