Tag Archives: purchase

Chinese Woman Spends $600,000 On Dog

Black Tibetan Mastiff Believed To Be The Most Expensive Dog In History

Chinese bloggers have had a field day with the story of Mrs. Wang and her 4 million RMB "master"

Chinese bloggers have had a field day with the story of Mrs. Wang and her 4 million RMB "master"

Several Chinese– and English-language outlets are reporting the sale of a black Tibetan Mastiff to a millionaire from China’s northern Shaanxi province for 4 million yuan (appx. $600,000), which, if an accurate figure, would make this the most expensive dog in history. As the AFP reports (via Sohu), the buyer — named only as “Mrs. Wang” — arranged an extravagant arrival for herself (and her new purchase) in the city of Xi’an:

A convoy of 30 black Mercedes-Benz cars, led by two sports utility vehicles, drove to the airport Wednesday to pick up the pair, who had arrived from the Tibetan-populated province of Qinghai in China’s northwest.

Photos of the event posted with the report showed a committee of dog-lovers holding up a long red banner welcoming the mastiff to Xi’an.

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Geely Makes Only “Concrete” Bid To Purchase Volvo

Chinese Automaker Looking For More Global Reach As It Bids For Ailing Swedish Brand

Volvo's purchase by Geely has been rumored for months. So far, according to a Swedish newspaper, Geely's bid is the only "concrete" one to date. Image © rumerz.com

Volvo's purchase by Geely has been rumored for months. So far, according to a Swedish newspaper, Geely's bid is the only "concrete" one to date. Image © rumerz.com

China Daily cites unverified reports today that China’s Geely Automotive has made the only “concrete” bid for the ailing Swedish automaker Volvo. If the reports by an unnamed Swedish newspaper prove correct, a successful bid for Volvo could mean the domestic Chinese automaker could be one (large) step closer to developing into a truly global brand, achieving its ambitions to produce luxury vehicles alongside the budget models that have made it popular in mainland China. However, since most major Chinese brands lack practical experience managing foreign workforces or doing business in developed automotive markets like Europe and the US, any potential acquisition by Geely would be either a distant possibility or simply unfeasible from the get-go. As these reports are, still, unverified, they have been whispered about before — however, we still have to take a wait-and-see attitude to this developing story.

Li Fangfang, who writes often on the automotive industry and particularly the way that domestic Chinese automakers are using the global economic crisis as a sort of springboard for their nascent brands, points out that Volvo’s potential sale could present unique opportunities but also serious challenges for Geely:

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