Expert Profile
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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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To ensure the intermediary and the follow-up of your purchases in China: Search for supplier, factory auditing, negotiation, sampling, production follow-up, quality control, logistics
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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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| Citi, China Resources Seek $500 Mln For China Commercial Property |
Citigroup's private bank and conglomerate China Resources Group have launched two real estate funds to invest in Chinese shopping malls and hope to raise about $500 million, two sources with knowledge of the plan said, reported Reuters.The first fund, called CR China Retail Real Estate Income Fund I, will buy existing properties, while the second fund, called CR China Retail Real Estate Development Fund I, will invest in development projects. Citi confirmed the plan in an email communication, saying its private bank is the exclusive distributor for the funds sponsored by China Resources but did not provide the target size. While many analysts are concerned about a bubble in Chinese stocks and residential property, some say offices and malls, particularly in the smaller cities, remain attractive investments. The development fund is targeting 20 percent annual returns after fees, while the income fund is aiming for 12-15 percent annual return. |






Citigroup's private bank and conglomerate China Resources Group have launched two real estate funds to invest in Chinese shopping malls and hope to raise about $500 million, two sources with knowledge of the plan said, reported Reuters.
