“We Shanghainese value our image. We don’t want to lose face in front of the entire world…”
HTHT (China Lodging Group) IPO closed 14% above its IPO price. But what is most interesting is Ctrip’s investment and the interlocking relationships that seem to confer advantage Ctrip, Hanting, Home Inns, and Beijing Tourism Group (BTG). My conclusion: in China, you need an ‘uncle.’
On September 28, 2009, Google honored the 2560th birthday of famous Chinese philosopher and thinker Confucius (孔夫子) with one of their custom Google logos.
At Clinton Global Initiative, Duke Energy and ENN Group announce a partnership to share best practices and technology in: clean coal, carbon sequestration, biofuel, carbon-capturing algae, natural gas, smart grid. Chairman Wang Yushuo shares insights into his company’s future plans.
Kaifu Lee, former President of Google China, leaves to start new Chinese incubator “Innovation Works”. The company appears to be funding companies & providing services to young entrepreneurs.