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From the Web
Danwei Picks: 2007-12-4Posted by Joel Martinsen, December 4, 2007 4:41 PM
Danwei Picks is a daily digest of the "From the Web" links found on the Danwei homepage. A feed for the links as they are posted throughout the day is available at Feedsky (in China) or Feedburner (outside China). Russian rocketeer leaked secrets to China: From the AP: Igor Reshetin, the head of the company TsNIIMASH-Export, was sentenced to 11 1/2 years in prison by Moscow's Lefortovo District Court, said Anna Usacheva, a spokeswoman for the city courts.
The way it works is that those who agree to attach these stickers to their car are giving permission for a Beijing television station to secretly film them driving. Every day, the reporters from the Honglüdeng (Traffic Light) program head out on the streets to find six winners - six drivers with the sticker attached to their car who are able to drive for 10 minutes while being filmed without displaying any...uncivilized behavior. If the drivers can make it through the full ten minutes....they will have won themselves 200 kuai worth of fuel from any Sinopec petrol station and a 300 kuai card for what looks like car cleaning services.
Not so long ago, listing their shares on Nasdaq was a no-brainer for Chinese tech companies looking to tap overseas money. The 52 mainland companies currently trading on Nasdaq include Internet portals such as Sohu (SOHU), Netease (NTES), and Sina (SINA), which listed their shares in 2000. More recently, Chinese highfliers, including search engine Baidu (BIDU) and Focus Media (FMCN), both of which had Nasdaq initial public offerings in 2005, have made spectacular gains.
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