Category Archives: Business and Finance

Playboy mansion for Macao – but will anyone go?

Playboy to open a mansion in Macau. Also, casinos worry as mainland Chinese authorities slow down visa processing.

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How to donate money to a bank

In Southern Weekly (南方周末), Hong Er (弘二) writes about his difficulties closing a Minsheng Bank (民生银行) account.

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China’s “gray” economy: what about the handjobs?

Busted at the hair salon Sohu.com reports on a new study finding that urban residents in China enjoy 4.4 trillion renminbi in “gray” income. “Gray income” includes any income that is (a) illegal, (b) “the rational merit of which is … Continue reading

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The Family will talk to Rupert

The Wall Street Journal reports:

Dow Jones & Co.’s 125-year history as an independent media company could be nearing an end.

The Bancroft family, which controls 64% of the company’s voting power, said in a statement late yesterday that it would meet with Rupert Murdoch’s News Corp. to discuss its $5 billion bid for Dow Jones, publisher of The Wall Street Journal. The family also said it would consider other bidders and options for the company.

The statement also noted that the Bancroft family has decided that ‘the mission of Dow Jones may be better accomplished in combination or collaboration with another organization, which may include News Corp’.

Danwei recently published a letter from most of the Journal‘s China journalists asking the Bancroft family to turn down Murdoch’s bid.

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Toxic Evian?

On May 17, China refused a shipment of five shipping containers of bottled Evian water, made by Groupe Danone (达能). 娃哈哈

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An American apprentice barber in Fuzhou

70 hours a week for 24 cents an hour Benjamin Ross is an American blogger, originally from Kansas City, now working for a month as a trainee (学徒) at a barber shop in Fuzhou and writing about 7 work day … Continue reading

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What would Guanyin do?

W.W.G.D.: What would Guanyin do? asks an op-ed in the Mirror.

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MySpace China launches, Wendi officially on board

MySpace China launched today, and The Wall Street Journal has published a piece by Jason Dean that reveals some details about the company: • “In a departure from the way other big foreign Internet companies have entered China, MySpace China … Continue reading

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Stock market trembles at a fake People’s Daily editorial

Guo Guangdong (郭光东) writes about a widely-circulated, fake People’s Daily editorial blasting the stock market.

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Aussie newspaper kills story about Rupert Murdoch’s wife

Wendi Deng: ”She, a woman who has already worked miracles, might she be the future Queen of Media?’ We won’t find out anytime soon, thanks to a decision by Good Weekend to quash a profile of Rupert Murdoch’s wife. This article, originally published on Crikey, is republished here with permission of the author.

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