Ex-Sina CEO makes 'settlement' demands of board

Article Abstract:

Wang Zhidong, founder and former chief executive of Sina.com, is seeking redemption for being ousted from his position on the board of directors and as CEO of the company. He owns a 70% stake in the company that owns the licenses to operate Sina.com, making his departure legally difficult. The board of directors recently appointed Daniel Mao as chief executive officer of Sina.com.

Legal issues & crime, Management, Internet service providers, Online information services, Sina.com, Zhidong, Wang, Mao, Daniel

---

New U.S. face in Beijing

Article Abstract:

Clark Randt Jr., a former corporate lawyer, was appointed U.S. ambassador to China. Randt, a college buddy of current president George W. Bush, has worked in business settings both opposite and alongside China many times, and is familiar with the country. His cultural experience, along with past relations with the president, could prove valuable in this position.

Administration of General Economic Programs, Intnl & Trade Administration, Chinese foreign relations, United States foreign relations, Jr., Clark Randt

---

AOL secures coveted entry to the Chinese market

Article Abstract:

America Online Inc. and Legend Holdings Ltd., the largest Chinese computer maker, have announced a $200 million joint venture to set up a new company for developing interactive services targeted at Chinese consumers. The partnership is discussed.

On-Line Information Services, Joint ventures, Videotex & Teletext, Online services, Internet services, America Online Inc., AOL, Legend Holdings Ltd.

Similar abstracts:

• Abstracts: Businessmen fear effects of prolonged political gridlock. Taiwan reaches out to China. Loan woes cloud stocks
• Abstracts: Sinar Mas seeks another loan. APP seeks to cut costs and improve efficiency. APP debt restructuring could take 2 to 3 years
• Abstracts: QR comes of age. UK security under threat. Regionals increase market share
• Abstracts: CropScience results improve prospects for sale by Aventis. Aventis is expected to announce plan to sell CropScience
• Abstracts: Volkswagen will reorganize its key brands into two parts. VW is considering a reorganization into three divisions

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.