Word: li
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...special about their rubber-stamp parliament in Beijing. They got some special programming all right?brought to them by the Falun Gong movement, Public Enemy No. 1 of the Chinese state. Hacker devotees had spliced their way into the cable system in Changchun, birthplace of Falun Gong founding guru Li Hongzhi, and broadcast to as many as 300,000 households. Stunned city officials held an emergency meeting and swore to punish followers "with no leniency"?but the damage was done...
...Start-up they certainly are not. Li's goal is to pull in a sizeable chunk of the $40 billion that is spent each year on Chinese-language advertising by building a cross-media, cross-strait platform?a one-stop shop that can offer ad space on websites and television, and in magazines and newspapers that serve audiences both in Taiwan and on the mainland. Currently missing from the equation: production facilities and broadcasters such as TV stations or cable-TV networks, which take the biggest chunk of advertising spending in China. While Tom.com produces a daily sports program that...
...Connections, not cash, will allow Tom.com to butt heads with much bigger rivals. Li's principal advantage is his ability to make nice with the Chinese government in ways that AOL Time Warner and News Corp., purveyors of Western programming and news that does not match Beijing's worldview, cannot. Li will never slip up as Murdoch, the News Corp. chairman, did in 1993 when he declared in a speech that foreign media have the power to topple totalitarian regimes everywhere?a statement that got him temporarily banned from conducting business in China. Conversely, Li's easy rapport with Beijing...
...hopes to hook up with one of the big foreign broadcasters?Phoenix, STAR, or Sun TV, a network run by Hong Kong-based ATV?for a mainland move, there is little evidence that any of them are biting. PCCW, the Hong Kong telecommunications and new media company owned by Li's son Richard, holds a 4.5% stake in Tom.com, and there is always the possibility that the two could merge. After all, it was Richard (with lots of help from his father) who formed STAR in 1990 and sold it five years later to News Corp. for $950 million...
...Li has never run a media concern, much less built one from the ground up. Asked whether Tom.com can achieve its goal of becoming Asia's most powerful media outfit, Davies says he doesn't know. Then he pauses to think, and says, "It's going to be a big company. Very big." Li prefers his companies that way. You get a better price when it comes time to sell them...