Word: china
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...quickly, it used a roll-up strategy, buying YoVille, licensing Texas HoldEm (which it renamed zyngapoker) and imitating rivals. Playfish's Restaurant City was around before Cafe World, and FishVille is reminiscent of Crowdstar's Happy Aquarium. Even FarmVille rips off Happy Farm, a hugely popular online game in China (richly ironic, given China's disregard for intellectual property). Once it had collected a vast user base, Zynga could lure customers to new games...
...perhaps the biggest reason for optimism is Xi'an residents like Lu Bo. The 32-year-old says the salary he earns as a salesman in the air-freight department at China Eastern Airlines was reduced by a third last year when his company was hit hard by the financial crisis, but that hasn't stopped him from spending. So confident is he about the future, he recently went out shopping for a new refrigerator. "Judging from my job, my life, I think everything will become better and better," Lu says. And maybe for the entire world economy as well...
...Read "Can China Save the World...
...CHINA...
...Chinese President Hu Jintao announced at the Asia-Pacific Economic Cooperation summit that it will aim to build political consensus, paving the way for concrete steps. The biggest challenge will be aligning the interests of developing and industrialized nations: the U.S., among others, argues that because emerging powers like China and India are among the largest emitters, any deal that excludes them--as did the Kyoto Protocol, which expires in 2012--will be inadequate...