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Smarttrend trading idea qiao xing mobile communication nyse qxm 12 09
Qiao Xing (Grey Market: XINGF, Chinese: 侨兴; pinyin: Qiáo Xīng) is the first Chinese telephone manufacturer listed on the NASDAQ. Is it the American arm of Cosun Group.
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History
Cosun Group was incorporated in April 1992 as a traditional fixed-line telephone maker in China. Headquartered in Huizhou, the company has two US-listed arms: Qiao Xing Mobile Communication and Qiao Xing Universal Telephone, Inc. (Nasdaq: XING).
In March 2002, Cosun Group spent CNY 316 million acquiring CECT.
Qiao Xing's net sales have grown from USD46 million in 1997 to USD365 million in 2009. A majority owned subsidiary of Qiao Xing, or better known as CECT, is a top three domestic seller of mobile phones in China, with product lines that include Dual SIM phones and Windows Mobile Smartphones.