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David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;
From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;
From 2002 to 2006, president of B&Q China, a subsidiary of King
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Property investment accounts for about 10 percent of China抯 gross domestic product and construction work consumes half of the nation抯 output of steel and 36 percent of the aluminum produced, JPMorgan estimates in a June 2010 report.
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| China Overseas Land Q3 Operating Profit HK$1.8 Billion |
China Overseas Land & Investment Ltd., the Hong Kong-listed developer controlled by China’s construction ministry realized a third-quarter operating profit of HK$1.80 billion ($232 million), reported Bloomberg.Sales were HK$5.57 billion, the company said in a Hong Kong stock exchange statement Wednesday. For the first nine months of the year, operating profit was HK$7.18 billion on sales of HK$21.05 billion, according to the filing. The builder didn’t provide year-earlier figures because it didn’t previously announced quarterly earnings. Parent China State Construction Engineering Corp. began trading in July in Shanghai, where it must report every three months. China Overseas said today that it has sold 93 percent of the targeted 4.3 million square meters of real estate sales for this year. Property revenue in the first nine months of 2009 was HK$38.5 billion, compared with HK$26.6 billion for all of 2008. The company had bank balances and cash on hand of HK$23.2 billion on Sept. 30, according to the filing. |





China Overseas Land & Investment Ltd., the Hong Kong-listed developer controlled by China’s construction ministry realized a third-quarter operating profit of HK$1.80 billion ($232 million), reported Bloomberg.
