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Issue 183

WiC 183 (Mar 8, 2013)

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Hacked off

China and the World, Talking Point Beijing furiously denies hacking claims. Is a cyber cold war beginning?

The world’s most famous computer hacker was born either on March 11, 1962 (according to his criminal record), or September 3, 1971 (according to his ...

Suite success?

Property Li Ka-shing's hotel sale causes controversy in Hong Kong

Hong Kong investors know very well that ‘minibonds’ aren’t exactly bonds. That lesson was learned in 2008, when $3 billion worth of these ...

Curtain call

China Consumer IKEA faces a dispute with its key Chinese suppliers as it…

Low prices have long been IKEA’s main strategy to survive in China, a market it entered a decade ago. In fact, the furniture giant’s China ...

Exam fatigue

China Consumer Education firm to shed staff as losses grow

Last year Muddy Waters – the US-based short-seller – targeted New Oriental Education, accusing it of improper accounting practices. China’s ...

Packet money

Banking & Finance As the gifts get bigger, is a Rmb500 banknote on the…

The Chinese practice of handing over red envelopes to friends and relatives has ancient origins. Commonly known as hongbao in Mandarin, or laisee in ...

Dicey times ahead?

Economy Macau’s casinos face new competitive threats

The islands of Quemoy and Matsu first garnered international attention in the 1950s. Only a few miles away from the coast of mainland China, these ...

Pregnant in Seattle

Entertainment New romantic comedy about Chinese getting US citizenship

The late screenwriter and director Nora Ephron influenced many people with movies like When Harry Met Sally and Sleepless in ...

SF Express

Logistics, Who’s Hu Wang Wei

SF Express – the Chinese version of Fedex – never advertises. The courier grows its reputation via word of mouth. Its founder Wang Wei refused all ...

Weifang’s wails

Environment Citizens get vocal about poor water quality

The history of Chinese civilisation has been, to a large extent, a story of gaining control of the country’s erratic water supply. Drought and ...

The world’s craziest idea?

Chinese Character Meet the Chinese business tycoon who is selling thin air

"You can tell a lot about a place from a dinner party,” began a report on American radio show Marketplace. “In LA the banter around the table ...

Not a fan of Deng Yaping

World of Weibo Not a fan of Deng Yaping

Lee Kai-fu, one of China’s most popular bloggers, grabbed headlines again. Last week, the former head of Google China, who has over 30 million ...

On song

Entertainment Hunan Satellite TV strikes gold once more with hit show

When I’m a Singer first debuted on South Korea’s Munhwa Broadcasting Corporation in 2011 it quickly became the biggest primetime TV show ...

Oscar director thanks Taiwan

Red Star Ang Lee

Lee Ang made headlines this week winning best director at the Academy Awards for his movie Life of Pi. It was his second Oscar and the news ...

The game’s up

Sport Life bans announced for corrupt football coaches

When football fans talk about a ‘soft penalty’, they usually mean a penalty kick that should never have been awarded. In Chinese footballing ...

Beyond their brief

Planet China Chelsea Clinton got some extraordinary assistance with her homework while she…

Chelsea Clinton got some extraordinary assistance with her homework while she lived at the White House. Her father got his economics team to help the ...

Out of this world

Planet China Meteorites have been much in the news lately, particularly after one…

Meteorites have been much in the news lately, particularly after one struck Chelyabinsk in Russia. In China too a meteorite has hit the headlines, ...

Finally profitable

Cartoons Finally profitable

Most Disney films have a familiar structure: the protagonist must fight adversity before receiving the obligatory happy ending. That too seems to have ...

Forsaking luxuries

And Finally Why is Gucci freezing its China’s expansion?

February and March are normally the busiest months for luxury goods sales in China – Chinese New Year is followed by the annual meeting of China’s ...

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