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...attention of Beijing economic planners eager to set up a local VC firm to jump-start the country's technology sector, and in 1999?with $5 million in state investment and a board of directors made up of senior government ministers?NewMargin entered the market as an odd hybrid of old-school state planning and free-market hustle. It now counts telecom giants like Motorola and Alcatel among its investors and this year, according to Feng, will triple its investment capital...

Author: /time Magazine | Title: Ferreting Out the Phonies | 3/21/2005 | See Source »

...channels available on TV screens has gone from 1 to 129. Some in the media see cutthroat competition leading the entire industry into bad habits. Says the Hindu's Ram: "Other people are bound to follow. And while we'll fight, it'll be hard. It's an odd situation where we don't report what people are talking about." Media commentator Dilip Cherian agrees: "We've crossed the Rubicon. This is the beginning of the tabloidization of the Indian media. It's not so much whether it's good or bad. The important thing to grasp is that...

Author: /time Magazine | Title: India Goes Undercover | 3/21/2005 | See Source »

...Feng, 37, is a bit of an odd hybrid himself. He grew up in Shanghai, studying the traditional art of calligraphy, while his parents lived in Beijing, where his father served as a high-ranking communist cadre. After attending the prestigious Harbin Institute of Technology (he majored in "the automatic control of intercontinental missiles"), Feng moved to Canada, eventually earning a Ph.D. in math from the University of Toronto. His first business venture back in China, which made him a millionaire at 26, created joint ventures in gold and diamond mining and then sold them through a deal with multibillionaire...

Author: /time Magazine | Title: Ferreting Out the Phonies | 3/21/2005 | See Source »

...attention of Beijing economic planners eager to set up a local VC firm to jump-start the country's technology sector, and in 1999--with $5 million in state investment and a board of directors made up of senior government ministers--NewMargin entered the market as an odd hybrid of old-school state planning and free-market hustle. It now counts telecom giants like Motorola and Alcatel among its investors and this year, according to Feng, will triple its investment capital...

Author: /time Magazine | Title: Ferreting Out the Phonies | 3/20/2005 | See Source »

Feng, 37, is a bit of an odd hybrid himself. He grew up in Shanghai, studying the traditional art of calligraphy, while his parents lived in Beijing, where his father served as a high-ranking communist cadre. After attending the prestigious Harbin Institute of Technology (he majored in "the automatic control of intercontinental missiles"), Feng moved to Canada, eventually earning a Ph.D. in math from the University of Toronto. His first business venture back in China, which made him a millionaire at 26, created joint ventures in gold and diamond mining and then sold them through a deal with multibillionaire...

Author: /time Magazine | Title: Ferreting Out the Phonies | 3/20/2005 | See Source »

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