Friday, September 19, 2003

Was just up in Beijing this past week, and things are booming there. Besides the huge contingent of ex-IANDI'ers there, new companies seem to be sprouting up every day. The media business is undergoing a huge wave of consolidation, with state-owned companies losing their support (forced subscriptions), and the foreign companies are hungrily waiting for quality assets. Not sure what it's like in Shanghai, haven't been there in a while, but I hear that it's equally frothy....

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