Popularity helps buffer Apple from Chinese state-media attacks
SHANGHAI - Chinese Internet users are crying foul over the perceived unfair treatment doled out to Apple Inc by state-run media which has actively criticized the smartphone maker for the past two weeks over its warranty policy.
Found 1 month ago on channel Reuters
Amid tensions, Chinese fruit a turnoff in Vietnam
HANOI, Vietnam -- Jack Nguyen had sold 20 of his 30 containers of imported American grapes when a fresh round of rumors hit the Internet and state-run media: Chinese fruit on sale in Vietnam might look good, but it contains deadly levels of preservatives and pesticides. Shoppers quickly stopped buying imported fruit altogether, believing it all tainted or falsely labeled. The remaining 10 containers rotted....
Jerry Yang Joins Lenovo Board as 'Observer'
Jerry Yang, who co-founded Yahoo and resigned last year from the Internet company's board, has landed a plum position with Chinese computer maker Lenovo, making nearly $200,000 in equity and cash.
Reinventing the Pawn Shop
When his family lost their Colorado farm in the late 1980s, a young Todd Hills went into town to pawn his saddle. “I got a lot less than the saddle was worth,” says Hills, ”but I walked away with a job.” That’s right: He went to work for the pawn broker — and had soon worked his way up the company ladder. He later struck out on his own and eventually sold his own 30-store pawn operation to a publicly traded firm in 2007. At that point, he stepped back and looked at the industry through a different lens. He saw two phenomena going on at the same time. One, the internet was developing into an ideal medium for scaling the traditional pawn model. And two, the financial crisis was creating a new kind of cash-crunched customer – middle- and upper-class folks, as well as entrepreneurs, looking for a financing alternative. In 2009, Hills launched Pawngo, which he initially called Internet Pawn. “At first people thought I was crazy to think people would mail in their valuables,” ...
Venture Capital Reduces Risk Appetite
Venture capitalists are reining in their spending in areas like the consumer Internet following the disappointing stock market performances of recently public Web companies Facebook, Zynga and Groupon.