Archive for August, 2008

Antitrust News (Again)

Thursday, August 28th, 2008

Recent reports about Microsoft being a target for China’s new antitrust laws have resurfaced in Caijing Magazine, which reports: “On July 31, one day before the new anti-monopoly law went into affect – the first of its kind for China – came into effect, lawyer Dong Zhengwei formally petitioned the Ministry of Commerce (MOC), the […]

Olympic (Tourism) Hangover

Thursday, August 28th, 2008

Our man in Beijing for the duration of the Games, Roy Graff, reports on… 7 years of preparation, 4 months of visa restrictions, 2 months of flowing traffic, 17 days of Olympic fever and now the hangover handover begins. By now many gigabytes of text had been published online describing the Olympics in Beijing. It […]

Event: China Venture Capital & Private Equity London Forum 2008

Thursday, August 28th, 2008

The effect of the more than one year’s subprime mortgage crisis, the turbulent global economic situation, the continuing rise in the costs of raw materials and labor and dismal Chinese capital market performance do not hinder investors’ enthusiasm for China’s VC/PE market. According to Zero2IPO Research Center statistics, 47 VC firms established 63 funds during […]

Li Ning Lights Olympic Flame (Under Adidas)

Wednesday, August 13th, 2008

The opening ceremony of the Beijing Olympics was pretty impressive by any standards (even if some bad habits were picked up from UK and other TV tricksters). But the stand-out (business) moment for us was the lighting of the flame by Li Ning. For the uninitiated, Li Ning is a) a former Chinese Olympic champion […]

Don’t Bribe (But Do It In Person)

Wednesday, August 13th, 2008

Further to our recent post on bribery, we noted the following on Danwei: “Last November, Oriental Outlook magazine printed a diary that Hunan entrepreneurs Mao Shijian and Zhou Difan had kept during the eight months they spent trying to get their fireworks business registered. The publication of the diary, whose 105 entries each recorded a […]

Carlyle-Xugong. R.I.P.

Wednesday, August 13th, 2008

A long-running Chinese (business) soap opera has finally come to en end, as AP reports: “U.S. private equity firm Carlyle Group has dropped its bid to buy a stake in a Chinese construction equipment maker…after multiyear talks that stirred nationalist opposition. Carlyle’s bid for Xugong Group was closely watched amid U.S. government warnings about possible […]

(Olympic) Business As Usual?

Friday, August 8th, 2008

The subject may have been done to death (even the London Evening Standard’s magazine has had a whole section on Beijing!), but we really can’t avoid reference to The Big Event. So here is a round-up of a few stories that have peaked our interest. – Business as usual?: Perhaps not. Many people (including quality […]

Watching the Environment

Friday, August 8th, 2008

While most eyes are on Beijing, more of Beijing’s eyes are now focused on environmental protection, according to Xinhua: “The Ministry of Environmental Protection (MEP) has expanded, with three new departments. These are the Department for Control of Pollutant Discharge, the Environment Monitoring Department, and the Department of Publicity and Education. “The reshuffle is conducive […]