Red Flags At China.Com
Which poses the following question for investors: Other than a marvelous stock symbol, CHINA, and the imprimatur of recent investor America Online, what do you get by investing in China.com, whose allure is its Internet portals in China, Hong Kong and Taiwan? The first–and to me, most distasteful–thing you get is Xinhua, the Chinese government’s propaganda arm, as a partner. Xinhua is one of the founders and big stockholders of China....