Blogger arrested in China
Wang Xiujie, known in blogging circles as Daitou Dage 777, which means "senior big brother" as all schoolchildren learning Mandarin will know, has been arrested. His crime was to have established the most successful stock-tipping blogsite in China, attracting 33m hits. The Chinese press claims he's made a personal fortune of £651,000 from this although that's probably conservative if he's been front-running his tips. No charges have as yet been filed but Shanghai lawyers are looking forward to a benchmark case for "unlicensed activities." It looks as if his seniority's in doubt and that in fact he's junior to the real Big Brother (Mandarin translation's welcome).
posted by Whispering Walls at 10:35 am
6 Comments:
Excuse my ignorance but what does front-running mean in this context? Like your asides about Mandarin!
It is unfortunate and sometimes deadly to muck up in China. they have just executed the former head of their FDA.
WW - front running is when a tipster buys shares in a company for himself before recommending them to his public.
LM - yes, see my post of 7 June
I can't make head nor tail of this I'm afraid - are you suggesting that you have readers in China ?
Try writing in English - otherwise I will start posting in Welsh again..
Winch - you don't have to go as far as China to feel the blogging 'heat'..
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/05/06/wblog06.xml
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/07/17/nsick117.xml
I'm not saying a agree with these people, but one has to defend to the death etc.
And if one doesn't complain about this, tomorrow they will be coming for 'Theo Spark', and before long they will be finding the acerbic comments about Government policy from a certain lady blogger I could mention a bit strong for their tastes.
Alarming news, I feel...
Thank you for those links - I hadn't seen those articles.
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