Media business

Beijing Youth Daily on the capitalist road

BYD1222S.jpg

The Beijing Youth Daily newspaper, controlled by the Communist Youth League, is now officially on the capitalist road.

Beijing Media Corp, formed from the newspaper's non-editorial operations, had a successful IPO in Hong Kong.

From the Financial Times (subsciption required):

Ben Kwong, research head at KGI Asia ... said the focus will be on Bejing Media, which is tipped to gain more than 10 pct after its Hong Kong public offering was 422 times subscribed and its institutional offering oversubscribed.

From Yahoo Singapore's Dow Jones feed:

The shares of Beijing Media Corp ... made a dazzling debut on the Hong Kong Stock Exchange Wednesday, rising 25% from the initial public offer price.

The shares opened at HK$23.75, higher than the IPO price of HK$18.95. Ten minutes into the session, they were at HK$22.80.

It was the second most actively traded share, with HK$212.5 million worth of shares having changed hands.

The top headline of the pictured Beijing Youth Daily front page reads: "Trading in Hong Kong starts today". You can find an article with some information about Beijing Youth Daily president Zhang Yanping on Mercury News here.

Media Partners
Visit these sites for the latest China news
090609guardian2.png 090609CNN3.png
China Media Timeline
Major media events over the last three decades
Danwei Model Workers
The latest recommended blogs and new media
laomo2010x80.jpg
From 2008
Books on China
The Eurasian Face : Blacksmith Books, a publishing house in Hong Kong, is behind The Eurasian Face, a collection of photographs by Kirsteen Zimmern. Below is an excerpt from the series:
Big in China: An adapted excerpt from Big In China: My Unlikely Adventures Raising A Family, Playing The Blues and Becoming A Star in China, just published this month. Author Alan Paul tells the story of arriving in Beijing as a trailing spouse, starting a blues band, raising kids and trying to make sense of China.
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.
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ Korean history doesn't fly on Chinese TV screens (2007.09): SARFT puts the kibbosh on Korean historical dramas.
+ Religion and government in an uneasy mix (2008.03): Phoenix Weekly (凤凰周刊) article from October, 2007, on government influence on religious practice in Tibet.
+ David Moser on Mao impersonators (2004.10): I first became aware of this phenomenon in 1992 when I turned on a Beijing TV variety show and was jolted by the sight of "Mao Zedong" and "Zhou Enlai" playing a game of ping pong. They both gave short, rousing speeches, and then were reverently interviewed by the emcee, who thanked them profusely for taking time off from their governmental duties to appear on the show.
Danwei Archives
Danwei Feeds
Via Feedsky rsschiclet2.png (on the mainland)
or Feedburner rsschiclet.gif (blocked in China)
rsschiclet2.png rsschiclet.gif Main feed: Main posts (FB has top links)
rsschiclet2.png rsschiclet.gif Top Links: Links from the top bar
rsschiclet2.png rsschiclet.gif Danwei Jobs: Want ads
rsschiclet2.png rsschiclet.gif Danwei Digest: Updated daily, 19:30