This week, Boston-based firm Bain Capital secured a $418 million investment to acquire a minority stake in GOME, China’s second largest electronics retailer. GOME has seen its fair share of global news coverage following the November 2008 arrest of its founder and ex-chairman, Huang Guangyu, over allegations of share-price manipulation linked to drug manufacturer Jintai [...]
This morning while waiting for a pot of coffee to brew, I went through my usual Twitter ritual which entails reviewing all the latest China-focused news links and retweeting those that I find interesting or useful. Over the past few months, this exercise has become my daily routine, replacing the hour I used to spend [...]
The following text is from a lecture I gave many months ago at The New School, the contents of which I stuffed in a drawer immediately thereafter (as usual). I recently unearthed it and, after considering the “Green Dam” and “Buy Chinese” command, found that the material remains relevant to the East-West discussion. Enjoy! To [...]
This morning I came across a very interesting article in the Associated Press regarding the trial of two alleged Chinese gangster bosses and the eager crowds that had gathered outside of the courthouse just to get a glimpse of their faces. Nicknamed “Hammerhead” and “Spicy Qin,” these long-time associates built up a very impressive Triad [...]
Xu Zongheng has become China’s latest media spectacle in the PRC’s efforts to stamp out corruption. The former mayor of Shenzhen was stripped of his post last week and placed under investigative detention on suspicion of “serious disciplinary offenses” involving his connections with GOME founder, Huang Guangyu, who was arrested earlier this year on charges [...]
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