Shanghaiist: Mystery Shanghai billionaire makes top bid at Napa Valley wine auction

beijingist

Mon, 16 Jun 2008 18:14:39 +0800

Sina market cap is 2.7 billion USD. There are only a handful of internet companies in China worth 3.5B USD, and their names we all know and they are all public companies. Perhaps the "internet company" is called "State Social Security Administration" or "Tax Bureau" or "Shanghai Road Works Administration." Dot com. As to how many tents for homeless Sichuanese these "six magnum bottles" of wine could have bought, it goes to show you (again) that patriotism is for the masses, not the classes.

Chinkerfly

Sun, 15 Jun 2008 11:05:13 +0800

I happen to know an internet entrepreneur in Shanghai named David Li. Coincidence? I will ask him and get back to you on that.

stoli

Sat, 14 Jun 2008 13:05:23 +0800

I wonder if that $500,000 wine will end up mixed with coke and ice cubes...

nanheyangrouchuan

Sat, 14 Jun 2008 12:01:44 +0800

Hmm, would this guy be related to a senior cadre? And how much has he contributed to the earthquake relief fund or the Burma flood victims' fund?