Online Jobs Site Zhaopin.com Gets $110 Million Funding

How much the online Jobs sites are worth? $206 million in China. Chinese online jobs site Zhaopin.com has received a big $110 million round of mezzanine funding. This is the largest ever investment in the online jobs sector in China in recent years. According to the company CEO Hao Liu, Zhaopin.com, this will be the company’s final round of financing before a planned IPO in 2010. The latest purchases value Zhaopin—which translates as “help wanted”—at $206 million. The website is not making any profits. Insiders say it may be two years before Zhaopin breaks even. For the 2006-07 year it…

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Chinese Herb in Coke Bottles

Coca-Cola Company said it opened a research center in Beijing that will partner with a Chinese research center to develop drinks based on Chinese herbal ingredients and formulas. Japanese and Chinese live healthier and longer lives than any other people in the world. One of the main reasons is their use of rejuvenating herbs. Centuries ago, India was the leader in medicines too. Our ancestors’ medical knowledge is respected and followed by many Asian countries. Chinese and Japanese developed their own medicines using the local herbs. Ginseng is one of the best examples. Many of today’s wonder drugs are derived…

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Man Dies After Playing Online Games

A Chinese man dropped dead after playing Internet games for three consecutive days, state media said yesterday. The man from the southern boomtown of Guangzhou, aged about 30, died on Saturday after being rushed to the hospital from the Internet cafe, local authorities were quoted by the Beijing News as saying. “Police have ruled out the possibility of suicide,” the newspaper said, adding that exhaustion was the most likely cause of death. It did not say what game he was playing. China, worried about the spread of pornography and politically incorrect content, has banned the opening of new cybercafes this…

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Is Admissions Bar Higher for Asian Students in America?

Asian-Americans constitute only about 4.5% of the U.S. population. Still, they typically account for anywhere from 10% to 30% of students at many of the nation’s elite colleges. Even so, based on their outstanding grades and test scores, Asian-Americans increasingly say their enrollment should be much higher — a contention backed by a growing body of evidence. Whether elite colleges give Asian-American students a fair shake is becoming a big concern in college-admissions offices. Federal civil-rights officials are investigating charges by a top Chinese-American student that he was rejected by Princeton University because of his race and national origin. A…

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