NEW YORK (TheStreet) -- Warren Buffett's name has been tossed around with China quite a bit over the past few days. Although he has consistently sung the praises of the United States, this world-famous investor's investing habits are far from U.S.-centric. On the contrary, in recent years he has been spotted jet-setting around the globe on a hunt for his next big opportunity.China, in particular, has been a popular destination. In 2009, Buffett spent HK$2 billion to purchase a 10% stake in the battery maker-turned-electric car manufacturer, BYD. Thanks to China's blossoming middle class and the wild initial success of models like the F3, BYD shares surged following his investment. For Buffett, this dramatic ascension translated into dollar signs. Less than a year after his purchase, media sources reported that it had earned Buffett USD$1 billion. BYD was shaping up to be yet another success story for the Berkshire Hathaway (BRK.A - Get Report) chairman.
Buffett's Appetite for China Not Suppressed
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.