Wednesday, March 14, 2007

Si Mao City Will Change Name to Pu-erh City

The Pu-erh rush is getting even hotter. Recent news reported that Si Mao City, which enjoyed RMB 80 million sales from Pu-erh trade in 2006, will change name to Pu-erh City. The new name will take effect on April 8, 2007.

Si Mao City is happily riding the Pu-erh heat wave in recent years. Half of the city’s populations are working in Pu-erh industry. The city have many future investment projects aiming at boosting Pu-erh and related industries, which the city hope to ring in RMB 5 billion in combined sales by year 2010.



Friday, March 02, 2007

Venture Capital Eyes Pu-erh

If you are wondering where the Pu-erh heat is heading, up is the only direction. The RMB 55 million investments from two venture capital companies to a Pu-eh factory caused quite a stir in Pu-erh industry in Kunming. The appearance of Morgan Stanley partner Paul Hill (translated based on pronunciation) even raised people’s expectation in the future of Pu-erh industry. Mr. Hill even expressed their investment interest.


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