Front Page of the Day

23-year-old CEO Dong Siyang worth 300 million yuan?

chongqingshangbao.jpg
Chongqing Times
November 21, 2008

A woman named Dong Siyang (董思阳) made the front page of today's Chongqing Times. According to the report, Dong is a successful 23-year-old entrepreneur. Yesterday, she went to Chongqing Technology and Business University to have a talk with the students about how to start up and be successful.

Dong's bio does seem to be very impressive at first glance. She studied at a university in Singapore and earned her MBA at an American university. Then she went back to China and built her own business from scratch, which has developed into a multinational company in just three years. Dong's personal net worth is estimated to be 300 million yuan.

So Dong is young, beautiful, talented, and rich. But how much of it can we believe?

Since she appeared on the national stage a few years back, Dong Siyang has been the subject of heated debate. Netizens, always eager to uncover a scam or an overhyped, engineered media phenomenon, picked apart her record.

The American university the article translates as "美国民族大学" (or American Nationalities University) is identified in articles across the Chinese-language Internet as the "Nation University of USA," an essentially unaccredited California-based institution that uses the phonetic 美国内申大学 for its Chinese name. It advertises its 27,800-yuan MBA course on many Chinese websites, claiming that you don't have to go abroad to get your American degree.

Netizens also investigated her Hong Kong-based multinational company, Fengbohk (香港凤博国际集团), and found that the URL was only registered in 2007 and doesn't even host a website.

It's all pretty suspicious, but no one's been able to make anything stick. Dong has appeared on well-regarded interview shows and travels the country giving lectures to aspiring entrepreneurs. She also has a new book out, "A CEO at 21."

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There are currently 14 Comments for 23-year-old CEO Dong Siyang worth 300 million yuan?.

Comments on 23-year-old CEO Dong Siyang worth 300 million yuan?

Some interesting data that didn't really fit into the "front page of the day" format:

Nation University of USA has an English website that emphasizes distance learning and seems to border on a diploma mill, what with the 'life experience' credits and dodgy accrediting institutions that sign off places like Standford University and University of Berkley (in Mexico City). It's also got a Chinese website that makes it seem like a cooperative program between a real American university and a Chinese institution.

The faculty list for a Nation University extension at an educational institution in Zhengzhou seems to feature the faculty of Cal State East Bay, except that the Shyam Kamath shown on that website seems to be an entirely different person from the Shyam Kamath who's president of Nation University (at least on the Chinese site. The English site has someone named Jason Q as president).

There's probably more, but that's as far down the rabbit hole as I went.

Wow, who would have thought it! A China business commentator with qualifications that seem to shift over time. Running a company which claims to have been founded at various dates.

Again, it's all very suspicious, but rather that get their hands dirty people who should know better are happy to play along.

If Dong is all she claims to be, then He Kexin really could be 16.

She mentioned, according to one of the many reports, that she managed to complete her university degree in Singapore in less than 2 years' time - 1 year and 8 months, to be exact. This is not possible at all, even for the brightest students. Definitely a lie.

a successful business woman with a fake degree? are people in business all showing off how they get out of the place without boring taking that piece of paper?

300 million? god, she must be a real pain in the ass whenever she calls for takeout

She can market herself, that's for sure. That is definitely a good skill.

Why is everyone so obsessed by where she studied? What does it matter, the majority of succesful Business founders out there didnt come from the big unis.

The real question is: did she really do all that on her own or not. AIt seems obvious that it is impossible. Just look at her baby face, this girl has never fought.

Probable explanation: she is a rather talented speaker, and some smart rich guy in Chongqing spotted her and hired her to be the visible face of his company. And she is doing pretty well it seems, so congratulations SiYang!

She's quite obviously just a living breathing commercial for "Nation University" or a hired gun of the Propaganda Department of the Communist Party to inspire Chinese students. Pretty clever when you think about it, yet oh so typical of the Chinese.

BS: I finished my BA in about the same ammount of time. It's possible. Summer semeters+doing a few courses in different universities in paralel and getting all of them credited. So that's done. Now I'm waiting for my 300 million.

以下网址刊登了一些董思阳的报道。内容是关于董思阳小姐的学历和得奖资料。这则新闻是刊登于新加坡的联合晚报。其中的资料是由南洋理工大学以及相关的机构所做出的回应。 link.

'CEO-beauty' suspected of fraud

A successful Chinese entrepreneur-cum-motivational speaker has come under suspicion for falsifying her track records.

According to the Shin Min Daily News, 23-year-old Dong Siyang has claimed, among other things, to be a graduate from Singapore's Nanyang Technological University (NTU).

Her biggest claim so far is that she became a CEO when she was 21.

[Clipped. Remainder of article here. -JM]

I suspect an Asia Madoff is in the making ?

I believe the article featured in the website below may provide some answer about her questionable education background and self-acclaimed awards.

Dong Si Yang

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