The New York Times has an interesting article today on thriving state-owned companies in China-”China’s Policies Ensure State Enterprises Grow“. The article makes no mention of China’s Internet industry, which will generate 6-7+ billion dollars in revenue this year from gaming, advertising and other sources, is growing 20% or more per year, and which has [...]
This post originally appeared on Sinocism.com, my blog about more general China topics. China’s efforts to build its “soft power” have been in the news over the last few months. So far none of the coverage of the media strategy for soft power has discussed what may be the fatal flaw in the government’s strategy-the [...]
As I mentioned in my last post, over the last several months money has continued to pour into Chinese online video sites. Baidu (UPDATED with official announcement) raised $ 50m from Providence Equity partners for Qiyi.com, a Hulu clone. Shanda-controlled Hurray bought Ku6 for $ 40m+, a distressed price in relation to the $ 30m+ that [...]
Items of Interest