5 December 2019

Funny Money

Funny Money.
  • Feitian has overtaken Moutai to become the most expensive stock in China. Are investors getting carried away? Photo: Feitian Technologies

    Feitian rally: A case of irrational exuberance?

    - Jul 14, 2014 1:27pm
    Xiaomi founder Lei Jun once said famously that given the right environment, even a pig can fly. Right now in China, Feitian Technologies (300386.CN) appears to be one such flying pig. Feitian on Monday surpassed Moutai...
  • Hunan’s Ningxiang plans to install 170 basketball dunks with solar-powered lights to allow residents to enjoy the sport after work. Photo:

    Solar energy does a slamdunk for sports

    - Jul 11, 2014 5:00pm
    China is truly thinking solar these days with more and more applications of the new energy hitting the market. This week, Hunan’s Ningxiang said it plans to install 170 sets of basketball dunks with solar-powered lights...
  • Quyang county's prospects were dim until solar power fired up local incomes. Photo:

    Power is money in desolate Hebei hinterland

    - Jul 10, 2014 11:24am
    What do you do if your region lays claim to nothing more than a stretch of barren rocks in the middle of nowhere and abundant sunshine? For a long time the answer in Hebei’s remote Quyang...
  • Foxconn chief Terry Guo is trying to reduce his company's dependence on its supplier business with Apple. Photo: Bloomberg

    iPhone duo’s diverging fortunes

    - Jul 9, 2014 3:34pm
    If you had the vision to tell iPhone would be a game changer for Apple and bought shares in 2007 when the first-generation iPhone was introduced, you would be sitting on more than 200 percent profit....
  • Mikhail Belyaev's Lampbrella design adds an extra dimension to a streetlight. Photo:

    What else can streetlights do?

    - Jul 7, 2014 3:48pm
    If you ask Mikhail Belyaev from St. Petersburg they could double as umbrellas. His Lampbrella design incorporates rain and motion sensors into the shaft of the streetlight to transform it into shelter from the elements. Beijing has...
  • Wait. Is this the real thing? Consumers often cannot tell a fake from the original. Some intentionally go for the knockoff. Photo: Louis Vuitton

    Counterfeit craftsmanship

    - Jul 4, 2014 4:36pm
    There’s a certain finesse to fakery and such craftsmanship is so valued in China people are willing to pay for the perfect fake. They don’t pay as much for it as they do for the genuine...
  • A coal mine was once a route to riches but there is no light at the end of the tunnel for Shanxi mine bosses these days. Photo: Bloomberg

    Hole opens up beneath Shanxi coal tuhao

    - Jul 3, 2014 8:04am
    Not much is putting a smile on the faces of Shanxi coal mine owners or their workers these days. The coal-rich province has run into a sharp economic slowdown, punishment for its overreliance on resources. Shanxi now...
  • Counterfeit products help less well-off consumers fake it until they make it. Photo:

    The mind of the counterfeit shopper

    - Jul 2, 2014 7:53am
    The mainland battle against upmarket knockoffs has been long but there are few signs that the genuine articles have gained ground. In fact, the supply chain of fake luxury items, from bags to watches, appears to be...
  • It can make sense for a boss to undersell himself to oversell his company. Photo:

    Chinese business wisdom 101: Perfect pitch

    - Jun 30, 2014 9:06am
    Everything is not always as it seems when it comes to Hu Chengzhong, the head of one of China’s top 500 private sector firms. Hu, the chief executive of electrical supplies company Delixi, recalled on business show...
  • Luxury goods are popular haitao shopping items but buyers should beware of fakes. Photo:

    What are friends for?

    - Jun 27, 2014 12:44pm
    To help fleece mainland shoppers, going by the tactics of some local merchants. Overseas shopping services known as “haitao” are hot in China, offering to buy and ship products from overseas for mainland customers. Demand is...
  • As online shopping has become a rage, the industry is confronted with several problems in China.

    A Taobao joke

    - Jun 26, 2014 11:23am
    It might sound apocryphal, but this is a story worth telling. A desperate individual once logged on to Chinese online marketplace Taobao and ordered a male organ enhancer. Within a couple of days, a parcel arrived,...
  • Yingli's solar panels will power the stadium at the World Cup final in Brazil, but it will be just fleeting glory for the Chinese firm. Photo: Yingli

    Good technology can be bad investment

    - Jun 26, 2014 10:49am
    Yingli Green Energy may be able to enhance its profile and perhaps win some new business through its World Cup sponsorship — the company is the sole Chinese sponsor of the ongoing football carnival in Brazil...
  • Vigilance is a round-the-clock necessity at the control center of the Guangzhou Northern Second Ring Express. Photo: EJ Insight

    Great vision wanted

    - Jun 24, 2014 1:41pm
    If you think running a toll road business is just about collecting money at the booth, try working in the control room. I had a chance to visit the main control center of one of Yuexiu...
  • Put them together and what do they add up to? Photo: MUJI

    Less is more but what is it good for?

    - Jun 23, 2014 7:42am
    Less is more but what is it good for? Japanese consumer goods retailer MUJI has built a name for itself by making minimalism a household word. Its reach extends from Europe to Asia and this year...
  • The printing machine creates parts that are then assembled into a house. Photo: China News Network

    Stop press! Printer adds new dimension to cut-price housing

    - Jun 20, 2014 8:40am
    WinSun has proved it can meet a print deadline like no other. The Shanghai-based company put itself to the test and used its giant 3D printer by building 10 houses, each more than 200 square feet,...