From Migrant to Magnate; Monday interview; Jimmy Lai Founder and chairman, Next Media; The Hong Kong tycoon tells RAHUL JACOB how fleeing Maoist China as a 12-year-old left him with no sense of risk in running a business. Financial Times, Sept 19, 2011
http://www.ft.com/cms/s/0/73df0a0a-dfae-11e0-8e15-00144feabdc0.html
("Sharp Daily [of Hong Kong] will be a multimedia offering, with readers able to point their device at a quick response code at the end of an article and have access to a video or audio clip about, say, a new noodle shop chian")
Excerpt in the window of print: 'I had access to people who travelled to hong Komg. I knew outside world was a beautiful world'
Note:
(a) Fishing trawler
http://en.wikipedia.org/wiki/Fishing_trawler
(designed to operate fishing trawls)
(b) The report says Mr Lai's "media company owns Aple Daily, the second most read newspaper in both Hong Kong an dTaiwan."
Newspaper circulation in Hong Kong: Oriental Daily 東方日報 > Apple Daily > Ming Pao > Sing Tao.
Newspaper circulation in Taiwan: Liberty Times > Apple Daily > United Daily News > China Times
Similar to Americans, Taiwanese get their news mostly through television, internet and cable.
Print Media. Government Information Office (GIO), Ececutive Yuan (EY), May 25, 2011.
http://www.taiwan.gov.tw/print.asp?xItem=45122&ctNode=1916&mp=1001
(c) The free Sharp Daily 爽報 first appeared in Taiwan in 2006, and will show up in Hong Kong Sept 19, 2011 (today).
(d) The report then states, "He made his first fortune by betting his year-end bonus on stocks and using the winnings to buy an ailing garment factoryin the mid-1970s. A few years later, while in New York, he chanced upon a pizza shop called Jordano. In 1981, he used the name to brand" his clothing empire.
"Smuggled to Hong Kong aboard a small boat at the age of 12, Lai worked as a child-laborer in a garment factory for a wage of $8 per month. Founding of GiordanoRising to the level of factory manager, Lai speculated his year-end bonus on Hong Kong stocks to raise enough cash to buy out the owners of a bankrupt garment factory, Comitex, in 1975 and began producing sweaters. Customers included J.C. Penney, Montgomery Ward, and other U.S. retailers."
Jimmy Lai
http://en.wikipedia.org/wiki/Jimmy_Lai
* The nationality Jordanian in English (a citizen of Jordan) is Giordano in Italian and Jordano in Spanish.
(e) Friedrich Hayek
http://en.wikipedia.org/wiki/Friedrich_Hayek
(1899-1992; born in Vienna)
Quote: "He is considered to be one of the most important economists and political philosophers of the twentieth century, winning the Nobel Memorial Prize in Economic Sciences in 1974. Along with his mentor Ludwig von Mises, he was an important contributor to the Austrian school of political economy. Hayek's account of how changing prices communicate information which enable individuals to coordinate their plans is widely regarded as an important achievement in economics.