Pushing the Red Envelope
Eight people connected with the Chinese business news website 21st Century Net were detained earlier this month by the police and charged with taking payoffs from financially vulnerable companies in exchange for flattering coverage. The scandal widened last week when the editor in chief and the general manager of The 21st Century Business Herald, the website’s print counterpart, were taken into custody. According to the Chinese state-run media, in recent years the website’s top leaders have accepted up to $50 million by brokering backroom deals with more than 100 companies.
The state-run media rushed to condemn the website’s employees as a few bad apples who blight the reputation of the entire profession.… Seguir leyendo »