Bay Area Mansion at Auction, Cut From List Price

Dec. 28 (Bloomberg) –- A 15,000-square-foot mansion on Belvedere Island, an enclave north of San Francisco, will be put up for auction on Dec. 30 after the builder couldn’t find a buyer for the waterfront home he listed in January for $45 million. The starting bid is set at $25 million. Technology executives paying discounts to listed prices have been active buyers of luxury properties this year in the San Francisco Bay area, where the growth of social-media and Internet firms has created a new wave of millionaires. (Source: Bloomberg)
Jumei Co-CFO Says China Tariff Cut Has Minimum Impact
03:07 - Mona Gao, co-chief financial officer of Jumei International Holding Ltd., Beijing-based online seller of beauty products, talks about the company's business strategy. American depositary receipts of Jumei tumbled the most on record on concern China's decision to cut taxes on imported consumer goods will reduce the company's pricing advantage. Gao speaks with Shery Ahn on Bloomberg Television's "First Up." (Source: Bloomberg)
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