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Google stock shunned by China

It's no Apple

By Rik Myslewski, 10 Feb 2010

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.

The list of US companies in which the China Investment Corporation (CIC) holds stock totals 68, adds up to a cool $9.63bn, and is spread across a wide swath of market segments.

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

Google's one-year stock performance paralleled that of...

Apple's one-year stock performance

...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. ®

The Register - Independent news and views for the tech community. Part of Situation Publishing