Business and Finance

Top 10 Chinese business stories for September

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Dae Jang Geum: the hit Korean drama, a moneymaker despite questionable historical accuracy.

From The Economic Observer's monthly Academe supplement for October comes this list of September's top-ten events in the world of commerce.

Each month The Economic Observer Research Institute conducts a survey of experts, as well as voters in an online poll, to determine the top ten business stories. The top online poll results were Dae Jang Geum and International Oil Acquisition, each with 75% support. The judges, analysts, professors and executives in the business sector, also mentioned the maturation of mobile communications, IP suits, e-wallets provided by Bank of Communications and Shanghai Mobile, Lenovo's latest move with IBM PCs, and the Dongfeng-Citroen auto financing company.

  1. Dae Jang Geum: The Korean historical drama that ran on Hunan TV, netting 35 million yuan for the station.
  2. High-priced buyout: eBay and Skype.
  3. Hong Kong Disneyland: Multimillion-dollar park finally opens.
  4. MSN partners with AOL: And goes up against Google, Yahoo, and others.
  5. International oil acquisitions: Sinopec, PetroChina have low-key foreign resource buyout plans.
  6. Personalized ERP platforms: Will personalization be the next trend in enterprise resource planning?
  7. Hisense takes control of Kelon: 900 million yuan acquisition finally comes together.
  8. Landwind crash test: Is the "tin can" label just market pressure from Europe?
  9. Zest exits the market: P&G spent over 1 billion yuan to promote Zest, but it never caught on in China.
  10. Mengniu casts an international net for a new president

The same supplement also rates 72 Chinese accounting firms according to trustworthiness and finds 32 "lacking trust," 35 "untrustworthy," and 5 "extremely untrustworthy," with scores ranging from -400 to -1450, where 0 is "trustworthy" and down to -300 is "relatively trustworthy."

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Pallavi Aiyar's Chinese Whiskers: Pallavi Aiyar's first novel, Chinese Whiskers, a modern fable set in contemporary Beijing, will be published in January 2011. Aiyar currently lives in Brussels where she writes about Europe for the Business Standard. Below she gives permissions for an excerpt.
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