GM International Operations collected more than half of its $738 million profits from China in 2009, said GM China CEO Kevin Wale. GMIO is one of General Motors' three international markets, with the other two being North America and Europe which are losing money. GM's China sales climbed 35.5% to over 1.98 million units in the first 10 months through of 2010, and are expected to hit 2.5 million for the whole of year to eclipse the United States as the world's largest single auto market. SAIC, GM's strategic partner in China, invested $500 million for a 1% stake in its recent post-bankruptcy initial public offering. The two companies have established joint ventures for powertrain system, alternative energy-powered vehicle and second-hand vehicle business.