Google stock shunned by China
It's no Apple
China has released its first public disclosure of its US stock investments, and there's one profitable, fast-growing company that's conspicuous by its absence: Google.
In the tech sector, CIC is bullish on Apple, to which it has tossed $6.3m. The Middle Kingdom's financial mandarins also have $3.9m invested in Motorola, $1.5m in Sprint Nextel, and $1m in Research in Motion. The heftiest chunk of change is well outside the digital domain, however: a $3.5bn investment in mining company Teck Resources.
Google's one-year stock performance paralleled that of...
...Apple, but earned it no love from China's moneymen (credit: Yahoo! Finance)
But not a dime for Google. And sorry, conspiracy theorists, China's Google stock-shun apparently has nothing to do with Google's recent claims that it was cyber-attacked by hackers inside China. Google unveiled its China hack claim in January. The CIC stock-investment release covers the year ending December 31.
Well, Google does say that the cyber attacks were actually carried out in December. So if you really want to find a conspiracy theory, you can. ®