Bloomberg BusinessWeek, June 19, 2017

choi

(1) David Ramli with Olivia Zaleski, Airbnb Finds China Is a Crowded House.
https://www.bloomberg.com/news/a ... d-where-uber-failed

Note:
(a) Summary underneath the title in print: The US giant faces growing competition from local rivals in China's potential huge home-sharing market
(b) The online and print versions are identical.
Note:
(c) After "a traditional siheyuan, or courtyard house, in Beijing[, was renovated and] Renamed the BBK35 [no Chinese name; origin and meaning of the English name unknown; located at 八宝坑胡同], it opened its red lacquered doors for bookings last July on Airbnb, luring hundreds of guests from around the world. Two months ago, the property also signed up with Chinese rival Tujia.com 途家网" which, in addition, has its low-priced Mayi.com 蚂蚁短租.
(d) A local (Chinese) competitor is Xiaozhu.com 小猪短租 (2012- ; based in Beijing), whose CEO is Kelvin Chen 陈驰.
(e) "While Airbnb doesn't disclose its revenue, it became profitable in 2016 when annual revenue grew more than 80 percent, says a person close to the company."


(2) Natasha Khan and Enda Curran, Hong Kong and Shenzhen Together to Lure Startups.
https://www.bloomberg.com/news/a ... mp-to-lure-startups
("Hong Kong officials are championing a proposal to link the two via a technology park on a marshy area where only inhabitants are otters and migratory birds. Tenants of the proposed 87-hectare (215-acre) park, called the Lok Ma Chau Loop 落馬洲河套地區, would be close to Shenzhen's cheap manufacturing and research centers, while retaining Hong Kong's legal and business framework and internet freedom, with eased border crossings between the two cities. * * * Hong Kong aspires to become a hub for the tech startups")

Note:
(a) Summary underneath the title in print: The two cities plan to build a technology park in a border swamp
(b) The online version is about twice as long as the print one. The above quotation is from the print.
(c) Sham Chun River is Cantonese spelling for 深圳河.
(d) Eurasian otter
https://en.wikipedia.org/wiki/Eurasian_otter
("In Hong Kong, it is a protected species")

View distribution map only. I had no idea (until today) that Taiwan has otters.
(e) 97年拉直深圳河河套地撥歸港. 明報新聞網, Jan 4, 2017
https://news.mingpao.com/pns/dai ... 00001/1483467785929
("當時深圳河被裁彎取直 * * * 港深兩地曾因河套區的地權起爭議。當年國務院頒令列明港深以新深圳河的中心劃界，規定河套土地及管理權撥歸香港，深圳市政府屬下公司仍擁有該區的土地業權")
(f) Hong Kong long ago aspired to enter hi-tech manufacturing. In 1990s, Hong Kong was disappointed that Beijing passed it over and chose Shanghai for semiconductor industry, a sibling rivalry I followed closely.   "Why don't you keep doing what you are doing the best, which is a financial hub?" I would ask Hong Kongers, but they would have none of it.