The major story in tech this week — Facebook’s purchase of WhatsApp — obscured a smaller one which, while more mundane, illustrates the curious ways social media continues to penetrate Chinese consumerism. Tencent Holdings Limited, which owns China’s[...]
Chen Guangbiao’s high profile quest to purchase the New York Times has ended. According to Forbes, Mr. Chen’s announcement came after a “small shareholder,” who had apparently agreed to help Mr. Chen arrange the deal, became angered by the recycling [...]
Last week The New York Times reported on the emergence of a small group of “Matchmaker” investment agencies, which connect businesses in need of capital to Chinese investors with excess cash.
The Times cited a prediction by private equity fund A Cap[...]
On December 12 the Financial Times named Jack Ma, founder and chairman of the Hangzhou-based Alibaba Group, person of the year. It’s hard for us to disagree. Ma controls the largest and fastest growing e-commerce platform in the world, whose 2012 sal[...]
Chinese leaders wrapped up a four-day closed-door meeting last Friday, according to The Wall Street Journal, laying out their rough vision for the macro-economy in 2014. The conclusions are hard to interpret. China has been engaged in “opening and re[...]
On Monday, Baidu, China’s counterpart to Google, launched a financial services platform that it has christened “Baifa,” which will offer mutual funds, loans, and insurance to online users, according to Reuters. In under five hours yesterday, 120,000 [...]