Showing 1-5 of 5 results
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What's wrong with China's national champions?
News, Adam Minter, Published on 05/03/2019
» A year ago, Didi Chuxing Inc, China's largest ride-sharing company, looked like a quintessential "national champion". It had driven Uber Technologies Inc from the local market, attracted investment from Apple Inc and was contemplating a Hong Kong IPO worth as much as US$80 billion (2.5 trillion baht). State media coverage was fawning, government support was all but assured and the company's near-monopoly looked unassailable.
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Ocean gold rush will scar sea life
News, Adam Minter, Published on 16/08/2016
» While commodities traders still work their way out of a historic slump, Japan is looking ahead to the next boom. According to Bloomberg News, next year a group of Japanese companies and government agencies will start mining minerals at a site about 1,600km southwest of Tokyo -- and 1.5km beneath the ocean's surface. It will be the first large-scale test of whether mineral deposits can be mined commercially from the seafloor.
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China should care about privacy
News, Adam Minter, Published on 18/05/2016
» For a few days last week, China appeared to have its own, slow-motion Wikileaks. Via Twitter, someone using the handle @shenfenzheng leaked personal information -- such as home addresses and ID numbers -- of some of China's most powerful commercial and government figures, including Alibaba's Jack Ma, Wanda Group's Wang Jianlin and Tencent's Pony Ma.
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Chinese company wants to turn the world's lights on
News, Adam Minter, Published on 05/04/2016
» China's State Grid Corporation, the world's biggest power company, is on an impressive buying binge. As Bloomberg News reports, the company is "actively in bidding" for power assets in Australia, hoping to add them to a portfolio of Italian, Brazilian, and Filipino companies. The goal isn't simply to invest, however. State Grid's Chairman Liu Zhenya has a plan that he believes will stall global warming, put millions of people to work and bring about world peace by 2050.
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How to fight Asian slavery, one supplier at a time
News, Adam Minter, Published on 23/12/2015
» As you dig into your shrimp cocktail this holiday season, spare a thought for the men and women who peeled those tiny crustaceans. According to a six-month Associated Press investigation, there's a chance the workers were modern-day slaves in Thailand, exploited by shadowy suppliers who have been linked to some of the biggest US supermarket and restaurant chains, from Wal-Mart to the Capital Grille.
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