Word: mainlanders
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...April 2000, China specifically outlawed e-waste importation. But occasional crackdowns have done little to curtail recycling, which thrives on corruption and strong market demand. According to Guiyu junk dealers, shipments often reach the mainland at Nanhai, a Guangdong port city, where they are sorted at large warehouses owned and operated by Taiwanese businessmen. From there, the goods are shipped via truck to Guiyu, where they are then re-sorted and the last round of scrapping is performed. For now, at least, e-waste meets its true and final end in the air of Guiyu's skies, the water coursing...
...This is not the first time the club has been smeared. In 1996, jockey Stanley Chin was arrested for bribing other riders to throw a race at Hong Kong's Sha Tin track. Chin, who was paid by a businessman from mainland China to rig the order of finish so punters could cash in on a long-shot combination bet, was sentenced to three years in prison. No charges have been filed as yet in Operation Green. The Jockey Club had no official comment, but chief executive Larry Wong acknowledges the investigation "is an emotional setback...
...Those assets are absent for good reasons, particularly when it comes to the mainland. Broadcasting resources in China are owned, tightly controlled and censored by the government. There simply aren't many ways for overseas broadcasters to get signals to the public. Rupert Murdoch's News Corp. beams some programming into the country through its STAR satellite business and its joint venture with Phoenix TV, a 24-hour news channel based in Hong Kong. Meanwhile, AOL Time Warner (TIME's parent company) has invested in CETV, another Chinese news and entertainment channel. But, it is technically illegal for most Chinese...
...This fact has informed all of Tom.com's decisions. Wang, the CEO, is a mainland-born former Goldman Sachs executive director with sterling credentials in Beijing and an expertise in closing deals on the mainland. He has already formed a joint venture with the China National Publications Import & Export Corp., which controls 90% of China's foreign publication trade, and is letting its government-assigned managers help him decide which magazines and books to take to market. Tom.com also has strong connections with China's sporting industrial complex, which could come in handy come the 2008 Olympics...
...however, potential TV partners remain in short supply. While there are rumors that Tom.com 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...