Word: yuan
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Dates: during 2000-2009
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...Blows Out the Light is a booming internet-novel industry that is largely unique to China because of the greater freedom from censorship enjoyed online by writers and readers. Shanda Literature, which controls over 90% of China's online-reading market, rakes in an estimated revenue of 100 million yuan ($15 million) per year. Running three popular online-novel websites, Shanda boasts a total readership of 25 million and is growing at 10 million per year, according the company. "The Chinese people need a platform to express their creativity," said Hou Xiaoqiang, founding CEO of Shanda Literature. "I think...
...Although most BBS-based online novels started out free of charge, Shanda Literature's users now have to pay for the pleasure of online reading. But for most subscribers, the cost is minimal: they can access up to 75% of a book for free and pay only about 0.04 yuan (less than one cent) per 1,000 words for the rest of the book. In other words, it costs about one-tenth of the paperback price to read a book online. Right now, the company takes half of the readers' payment, and the other half goes into the writers' pocket...
...movies or even computer games. Ghost Blows Out the Light, whose book and online game versions both became best sellers, already has a movie and a play in the making. More recently, a Shanda fantasy novel called The Star Games just sold its online game rights for 1 million yuan in January. "A major part of our job now is to forage those online-novel websites for potential book ideas," says Xiang Zhuwei, the Beijing-based publisher of Ghost Blows Out the Light. "And I believe it's the same with other major publishers...
Judge Sanyee Yuan ’12 was impressed by the contestants’ lack of inhibitions. “I think the guys have fun on stage,” she said. “Guys are guys, they let everything hang loose.” Daniel E. Minamide ’12 walked the stage in only a tiger-striped Speedo, eliciting a chorus of catcalls. Eyes grew wide when Byron T. Lichtenstein ’11 ripped off his shirt and jiggled his pecs...
...Dalai Lama and get an education. The families were worried - in addition to the risk of being caught fleeing Tibet, the boys faced an even more arduous, monthlong trek through innumerable snow-covered passes. Each was barely out of his teens and had paid 3,000 yuan (about $440) to a "guide" to take them to Nepal, where they would be received by the Refugee Reception Centre run by the Tibetan government-in-exile...