The Alibaba-owned Taobao Mall thinks a minimum fivefold increase in its annual service charge for businesses is the smart way to go: new packages of 30,000RMB and 60,000RMB are replacing the previous 6,000RMB yearly fee. Oh, and 50,000RMB deposits will also be required. Perhaps CEO Jack Ma is thinking counterintuitively to live up to the ‘Jack Ma is the next Steve Jobs’ hype? Living in the US for a year and buying Yahoo! doesn’t come cheap, after all. A twelve-member ‘Congressional Lobbying Team’ is working from the Chinese Embassy in Washington D.C., in a campaign to convince American lawmakers to work in China’s favor on currency issues. Two Seattle-based companies are teaming up to provide American-style assisted living facilities in Shanghai, and will feature Chinese medicine, a completely Chinese menu, and mahjong instead of Bingo.Looks like plenty of bid-winners at pricey auctions suffer from buyer’s remorse, as almost half of all bids over 10 million RMB are left unpaid 6 months after being lodged. It’s a sign of the times: A minor celebrity model is running as an independent candidate for the People’s Congress in Beijing’s Chaoyang district, and announced it on weibo, of all places. Circle the weibo-wagons, because social media might be getting ambushed by the government soon: Weibo platforms in China could soon be victim to greater monitoring, and real-name registration requirements. Aerial pingpong has arrived! Aussie Rules football is expanding in China with the mainland’s first ever footy oval being opened recently in Tianjin.
A few links to start off your day: