China Readings for April 11th

  • Muddy Waters – Narrated Frauducation on Fraud School, RINO, FSIN on Vimeo
  • China’s Giant Tencent Placing Bets on Small Silicon Valley Startups – Bloomberg The allure of Silicon Valley has aroused China’s largest Internet company to begin investing in some of America’s smallest ones.  Tencent Holdings has funded about a half dozen young startups, many of them from prestigious business incubator Y Combinator, hoping like everyone else that its relatively small investments will lead to big payoffs.  One of its first seed investments is being put to the test today as Everyme, a new social network, opens its online doors.  Tencent was the lead investor in the startup’s $1.5 million seed round, which closed in October, according to Everyme Chief Executive Officer Oliver Cameron.  Everyme, based in Menlo Park, California, lets people share messages and photos with groups that are arranged automatically based on a user’s address book and Facebook activity. “We kind of agreed with their thesis that there’s a lot of value in the address book,” said David Wallerstein, a senior executive vice president for Tencent, who is based in Palo Alto, California. Other investors included Andreessen Horowitz, Greylock Partners, Ron Conway’s SV Angel and Michael Arrington’s CrunchFund.
  • 4000万灰色利益链起底:北京彻查购房资格舞弊 – 产经快讯 – 21世纪网 核心提示:“目前的市场价是3万-10万不等,除非购房者自己内部能找到关系,可以拿下1.5万。”
  • 人民日报-人民网  Bo Xilai Suspension makes front page pf People’s Daily
  • Urgent Notice on Network and Information Security – China Digital Times (CDT) Urgent: Regarding Network and Information Security  Starting today, according to a joint announcement from the Ministry of Industry and Information Technology, Ministry of Public Security, and Ministry of Culture, all departments are to launch a real-name-registration based crackdown for network and information security between April 1, 2012 and August 1, 2012. During this period, all clients are to suspend all services involving unregistered domain names, content related to pornography, gambling, or drug, illegal discussion forums, and counter-political activities*. This will be a wide-range, large-scale, and long-lasting operation.
  • ‘Goodbye Everybody': China’s Social Media Censors Battle the Bo Xilai Deluge – China Real Time Report – WSJ
  • Shadow Banks on Trial as China’s Rich Sister Faces Death – Bloomberg  When a Chinese court sentenced 28- year-old Wu Ying, known as “Rich Sister,” to death for taking $55.7 million from investors without paying them back, it sparked an unexpected firestorm that has drawn in China’s top leadership.
  • Firmly support correct decision of CPC Central Committee: People’s Daily|chinadaily.com.cn  Based on the facts made public so far, the Wang Lijun incident is a serious political event leaving very negative impacts at home and abroad, and the death of Neil Heywood is a serious criminal case involving the family and close staff of a Party and state leader, the article says.  Bo has seriously violated the Party discipline, causing damage to the cause and the image of the Party and state, it says. The CPC Central Committee, with Hu Jintao as the general secretary, has resolutedly moved to investigate into related events, seriously handle the situation and inform the public promptly, displaying the strong sense of responsibility to the cause of the Party and people as well as firm commitment to the socialist rule of law.  The facts have proven that the CPC stands for the people, accepts their supervision, never compromises on corruption and will probe and punish any violations of law and discipline, the article says.
  • 人民日报评论员:坚决拥护党中央的正确决定_新闻中心_新浪网 我们要自觉把思想统一到中央精神上来,紧密团结在以胡锦涛同志为总书记的党中央周围,高举中国特色社会主义伟大旗帜,以邓小平理论和“三个代表”重要思想为指导,深入贯彻落实科学发展观,坚持稳中求进的工作总基调,聚精会神搞建设,一心一意谋发展,凝心聚力、攻坚克难,努力维护改革发展稳定的良好局面,奋力夺取全面建设小康社会新胜利,加快推进社会主义现代化,以优异成绩迎接党的十八大胜利召开。

Subscribe to the Sinocism China Newsletter email. Free