Word: li
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...some 115,000 members. A third of them are 18 and under, and about 80% are female, according to creator Xing Li, 24, a computer programmer who lives in Los Angeles and calls the site "strictly a hobby." Registration is free but permitted only if you click the box marked "I'm at least 13" (there's no accounting for dishonest answers). Writers upload stories directly to the site, assigning a category and rating from G to NC-17. There's no screening process, no editorial board; most features are automated, and Li relies on members to report inappropriate behavior...
...popular with the under-18 set is unsupervised and doesn't restrict access to mature material--such as the NC-17-rated tales involving J.K. Rowling's Draco Malfoy and Severus Snape submitted by a girl whose online bio says she's 13. But censorship would be counter to Li's vision of an online community free to share its stuff, raw and uncut--as long as the graphic material is clearly marked. "I know how hard these writers work, and I respect it," says Li. Running the site takes 25 hours out of his week, but Li says...
...surprising exception has been Tom.com, the Net-age offspring of Hong Kong tycoon Li Ka-shing. When Tom.com went public in February 2000, it looked to be a cynical attempt to cash in on Web fever. The portal had few assets, no track record and a vague business plan. All it offered, really, was the blessing of the legendary Li. For Hong Kong's retail investors, that was enough. They mobbed local banks in hopes of getting their hands on a few shares. If Asia's greatest dealmaker was raising cash, they figured, he was probably going to spend...
...Li did do some deals?lots of them. The result is that Tom.com has become far grander than an ordinary dotcom. It is now the biggest publisher of print media in Taiwan, with more than 40 magazine titles, ranging from the island's premier business weekly to the Chinese-language version of Marie Claire. It is also the largest outdoor advertising firm in China. As the dominant player in the emerging sports marketing industry in the mainland, Tom.com is the favorite to become the sole Chinese advertising agent for the 2008 Beijing Olympics...
...voracious Li?whose Hong Kong-based conglomerates Hutchison Whampoa and Cheung Kong Group are major players in real estate, retailing, telecommunications and shipping?is never accused of setting his sights too low. Tom.com now aspires to become one of the world's largest producers and broadcasters of Chinese-language television programming. The only question, says Tom.com chief executive Sing Wang, is "whether we will become the largest Chinese media group or the largest Chinese media group that is ultimately part of an even greater media group. We are serious. We are not some start-up experiment...