Zoom Technologies (ZOOM) shares have jumped dramatically after the China-base mobile phone maker said it has received an increase in orders from Beijing Tianyu. The company said starting in Q4, Beijing Tianyu will boost its orders by 500,000 units a month, or 1.5 million units per quarter. Zoom’s orders from [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Fabless integrated circuit startup Quintic Corporation has raised $4.1 million of an expected $6.3 million in equity, according to a filing with the SEC. Based in Santa Clara, Calif. with an office in Beijing, the company makes chips for consumer products like cell phones, MP3 players, portable radios and GPS devices. Founded in 2005, Quintic company last raised $2 million in funding in July.
Companies: Quintic Corporation
Article courtesy of VentureBeat » Deals & More
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$$$ Travelling through China with the Universal Travel Group: fly from Beijing to Yichang – pick up your tickets at Shenzhen airport! [Bronte Capital]
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Article courtesy of Dealbreaker
Have you always dreamed of running a company but not exactly gotten it together to amass the necessary qualifications? Have you thought it would be pretty cool to really just be the face of some organization (provided it’s not currently taking a little heat for some unfortunate accidents or being accused of harvesting & trafficking aborted baby parts out of its offices on West Street) but not do any heavy lifting behind the scenes? Today is your lucky day, provided you’re Caucasian.
If you’re a white guy in China and you own a suit — Congratulations! You’re hired. There’s an odd trend brewing there, where companies hire fake executives from the U.S. and other Western nations to attend events, give speeches and generally just to give that appearance in the community and in the business world of that connection with the western world.
“I think it says a lot about the business culture here,” said Mitch Moxley, a freelance writer living in Beijing who was hired to be a fake businessman for a high-tech company building a factory in Dongying, five hours south of Beijing. “Face is hugely important in China, and having foreigners in suits I guess gives some credibility to the companies. You’d be amazed how often this happens.” Moxley said he, along with five other guys, was hired to be a “quality-control expert” for $1,000 a week, though it was made clear to him at the time of hiring that they wouldn’t be doing any quality control. The job would entail attending some dinners, going to a ceremony and touring the factory once a day. The rest of the time, he and the other “executives” sat in fly-ridden office, where they slept, read magazines and joked around.
Now Hiring: Fake Executives In China [CNBC
Rent A White Guy [The Atlantic]
Article courtesy of Dealbreaker