This is textbook credit bubble: too much money and not enough investments. Chinese companies with no experience in technology, such as chemical and poultry producers, are buying up online games, apps and media properties.
Read the whole thing.
Bloomberg: Why Did a Chinese Peroxide Company Pay $1 Billion for a Talking Cat?
王毅访新西兰、澳大利亚 双边关系现稳定进展
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中国外交最高级别官员王毅18日访问了新西兰,进行新西兰新保守派政府上台以来的首次访问。他还将于20日访问澳大利 […]...
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