Uber Rival’s $28 Billion Valuation Shows Size of China’s Ride-Sharing Market
on June 16, 2016
Recent fund-raising rounds in the ride-sharing market show that China is one of the most expensive markets in the world.
Recent fund-raising rounds in the ride-sharing market show that China is one of the most expensive markets in the world.
Admiral Dennis Blair (ret.) is the Chairman and CEO of Sasakawa Peace Foundation U.S.A. He serves as a member of the Energy Security Leadership Council; on the boards of Freedom House, the National Bureau of Asian Research, the National Committee on U.S.-China Relations and the Atlantic Council. Blair led the 16 national intelligence agencies as the Director of National Intelligence (1/2009-5/2010). Blair was President and CEO of the Institute for Defense Analyses (2003-2006). Before retiring from a 34-year Navy career in 2002, Blair was the Commander in Chief, U.S. Pacific Command. A graduate of the U.S. Naval Academy, Blair earned a master’s degree in history and languages from Oxford University as a Rhodes scholar. He has recently written Military Engagement: Influencing Armed Forces Worldwide to Support Democratic Transitions. Two commissions he co-chaired have issued recent reports: Oil Security 2025: U.S. National Security Policy in an Era of Domestic Oil Abundance, and The Report of the Commission on the Theft of American Intellectual Property.
Modern Shanghai: a global city in the midst of a renaissance, where dreamers arrive each day to partake in a mad torrent of capital, ideas, and opportunity. Marketplace’s Rob Schmitz is one of them. He immerses himself in his neighborhood, forging deep relationships with ordinary people who see in the city’s sleek skyline a brighter future and a chance to rewrite their destinies. There’s Zhao, whose path from factory floor to shopkeeper is sidetracked by her desperate measures to ensure a better future for her sons. Down the street lives Auntie Fu, a fervent capitalist forever trying to improve herself with religion and get-rich-quick schemes while keeping her skeptical husband at bay. Up a flight of stairs, musician and café owner CK sets up shop to attract young dreamers like himself, but learns he’s searching for something more. As Schmitz becomes more involved in their lives, he makes surprising discoveries which untangle the complexities of modern China: A mysterious box of letters that serve as a portal to a family’s—and country’s—dark past, and an abandoned neighborhood where fates have been violently altered by unchecked power and greed.
A tale of 21st century China, Street of Eternal Happiness profiles China’s distinct generations through multifaceted characters who illuminate an enlightening, humorous, and at times heartrending journey along the winding road to the Chinese Dream. Each story adds another layer of humanity and texture to modern China, a tapestry also woven with Schmitz’s insight as a foreign correspondent. The result is an intimate and surprising portrait that dispenses with the tired stereotypes of a country we think we know, immersing us instead in the vivid stories of the people who make up one of the world’s most captivating cities. —Crown Publishers
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