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Prince Alwaleed-Backed Company Plans The Biggest US IPO Of A Chinese Company In Over A Decade


JAN. 16, 2014, 10:06 AM 

AP Photo

Jingdong Trading Company, a Chinese e-commerce site, is planning a $2 billion U.S. IPO in the second half of 2014, Bloomberg reports.

If this goes down, it will be the biggest IPO of a Chinese company in the United States since China Life Insurance raised $3.3 billion going public in 2003.

Now a few things about the company — Jingdong's e-commerce site,, is right behind Alibaba's Taobao in terms of e-commerce market share.

The company wants to go public soon, before its larger rival. Alibaba has yet to hire bankers, but Bloomberg reports that Jingdong is already working with UBS and Bank of America.

And according to Bank of America, that's probably a good idea. The bank recently published a report called "eCommerce vs. retail: A power shift to consumer sovereignty," it is, in part, a break down of the problems in the e-commerce space.

One of the biggest problems BofA discusses is over-saturation. There are so many companies competing in the space that they are constantly undercutting each other on prices.

"Today’s China eCommerce is reminiscent of the US tech bubble in the late 1990s,"
says BofA.

 "Boosted by PE/VC money, many eCommerce players are willing to sacrifice short-term profitability to gain market share. They may offer such compelling pricing and free shipping that much bigger overseas peers may not match."

So it's war, and Jingdong's IPO is a way for the company to get a massive cash injection that could give it an edge over its peers.

Last February, Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings put $400 million into Jingdong.

Alisher Usmanov, the richest man in Russia and an early investor in Twitter, is also invested in Jingdong.

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While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???

In alphabetical order by Country....



Alphonso (mango)
From Wikipedia, the free encyclopedia

Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 

It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

INDIA 2016 : Mango production in state likely to take a hit this year

TNN | May 22, 2016, 12.32 PM IST

Mangaluru: Vagaries of nature is expected to take a toll on the production of King of Fruits - Mango - in Karnataka this year. A combination of failure of pre-monsoon showers at the flowering and growth stage and spike in temperature in mango growing belt of the state is expected to limit the total production of mango to an estimated 12 lakh tonnes in the current season as against 14 lakh tonnes in the last calendar year.

However, the good news for fruit lovers is that this could see price of mangoes across varieties decrease marginally by 2-3%. This is mainly on account of 'import' of the fruit from other mango-growing states in India, said M Kamalakshi Rajanna, chairperson, Karnataka State Mango Development and Marketing Corporation Ltd.

Karnataka is the third largest mango-growing state in India after Uttar Pradesh and Maharashtra.

Inaugurating a two-day Vasanthotsava organized by Shivarama Karantha Pilikula Nisargadhama and the Corporation at P…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 

The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 

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