the New York Times

On July 2, 2010 China Unitech Group consummated a reverse merger transaction with Classic Bond.

 Company Snapshot:

Classic Bond is a holding company that owns 100% of the outstanding capital stock of Zhonghefangda, a PRC company that operates a chain of internet cafés. 

 **Also upon the closing of the reverse acquisition, our board of directors increased its size from one to five members

Industry Snapshot:

• Internet cafés have be

A number of major automakers are developing plug-in and hybrid technology to capitalize on the expected proliferation of electric vehicles over the next few decades, and while it could be years before the industry can sustain itself, governments appear to have no problem subsidizing both production and purchase of low- to no-emission vehicles. In the U.S., electric vehicle prices could be subsidized by as much as $10,000 in tax credits for buyers in some population centers if pending legislation is agreed upon by Congress.

Peter Fuhrman submits:

I don’t know the direction of the dollar-renmibi exchange rate. But, I do know most of the American press, led by the New York Times and Washington Post, got snowed by the announcement last weekend that China would introduce new “flexibility” in its exchange rate.

Investors say more media buys are coming
BEIJING - China's Southern Daily Group's recent attempt to acquire Newsweek magazine - the country's first bid for a Western publication - has failed, but the bidder is expecting to make other, similar purchases, the publication's senior management said on Thursday.
"The offer to Newsweek is a volunteer action of Chinese media professionals and investors," said Xiang Xi, managing editor of Southern Weekly, a weekly owned by the Group, who was granted an exclusive interview with President Obama during his visit to Beijing last November.