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Buffett's gamble pays off as BYD catches market fancy

China Daily | Updated: 2009-08-01 08:27

Buffett's gamble pays off as BYD catches market fancy

BYD's Hong Kong shares have gained as demand for fuel-efficient vehicles is increasing. CFP

Warren Buffett's Berkshire Hathaway Inc earned a $1 billion paper profit from an investment it agreed to make in Chinese carmaker BYD Co less than a year ago.

Buffett's gamble pays off as BYD catches market fancy

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