Video China! Microblogging Site Weibo Tops 200 Million
Sina Corp., is the owner of China’s biggest Internet/Web portal, and announced a second-quarter drop in profit, as it invests in its popular microblogging service Weibo. To illustrate the amount of popularity Weibo enjoys, it now has more than 200 million registered users. This video discusses the phenomenon called Weibo.
Chinese Microblogging Site Tops 200 Million
Video China! China’s Luxury Fast Train
China’s 300km-an-hour (186 mph) train makes its public debut amid questions about whether the $34 billion system will ever make a profit. The importance of high speed rail in China has quickly grown since the introduction of high-speed rail on April 18, in 2007; daily ridership has grown from 237,000 in 2007 and 349,000 in 2008 to 492,000 in 2009 and 796,000 in 2010. In addition, China is the first and only country to have commercial train service on conventional rail lines that can reach 350 km/h (220 mph). China’s high-speed-rail revolution has taken another step forward with the new debut of its newest luxury fast train aimed at business travelers.
China’s Luxury Fast Train Debuts
Video Asia! Alibaba’s Taobao and Sina
Alibaba announced a major restructuring of its e-commerce unit Taobao, and Sina’s CEO defended China governance as concern lingers over the future of his own company.
Alibaba Group Holding Ltd. (founder and CEO Jack Ma) announced yesterday its plans to restructure its online e-commerce platform Taobao into three separate companies, each with separate managements that could lead to quicker decision making processes. Also, announced was the fact that the privately held parent company could stage an initial public offering, although no timetable was included.
The streamlined divisions will allow greater control for the managers to focus clearly on their respective market niches and customer bases, and also recognizes and takes into account the different business models behind one each of the three chief retail shopping (e-commerce) websites, the company said in the announcement.
Sina’s (owner of the popular Twitter-like messaging service called Weibo) CEO Charles Chao defended China governance amid widening investor concern, and dismissed fears over the future of his own company after a recently disclosed plan by insiders to sell shares.
Alibaba’s Taobao; Sina Defends
Video China! China Flood Rescues
More floods have hit China’s central and southern provinces, killing over 100, with almost as many missing and forcing thousands to evacuate, as rescue teams continue to make their to flood-ravaged regions to commence relief efforts.
China’s State Flood Control and Drought Relief Headquarters reported heavy rains in 13 of China’s southern provinces with altogether, about 8.5 million Chinese have been affected by the rains and floods, as recently reported by Xinhua.
Estimated damages are approaching $1 billion, officials have said. The two provinces that have been hardest hit are Hunan and Hubei.
Children Rescued In China Floods
Video Asia! China’s Game of Go and the Art of War
Wei qi, is the game of “surrounding,” and has long (over 2 thousand years) been popular in the East, known as “Go” in Japan and “Baduk” in Korea. Now, it seems U.S. military officials are looking at the game in an attempt to understand how the Chinese really think. Thirty five-year “GO” veteran Jean-Claude Chetrit gives a lesson on the game.
It’s interesting because globally, business men have studied the classic book, “The Art of War,” an ancient Chinese military treatise that is attributed to Sun Tzu, a high ranking military general and strategist of the Kingdom of Wu who was active in the late-sixth century BC, during the late Spring and Autumn period.
Composed of 13 chapters, each of which is devoted to one aspect of warfare, it is said to be the definitive work on military strategies and tactics of its time, and is still read for its military insights, which can be applied with great success to strategic business management and planning for the highly-competitive markets in the global economy.
A Lesson on China’s Game of Go and the Art of War