A college admissions cheating scheme in the United States has triggered widespread discussio
n among Chinese netizens during the four-day May Day holiday after it was reported that a w
ealthy family paid $6.5 million to assure their daughter’s admission to Stanford University.
Billionaire Zhao Tao, 52, president and co-founder of Shandong Buchang Pharmaceuticals, a company that spec
ializes in traditional Chinese medicine to fight cardiovascular disease, reportedly funneled money to William Ric
k Singer, the admissions consultant who is at the center of the explosive case brought by US federal prosecutors.
The executive’s daughter, Zhao Yusi, also known as Molly Zhao, got a spot at Stanford University by presenting h
erself as a recruit for the school’s sailing team. The price was $6.5 million, according to the Los Angeles Times.
Zhao’s mother, identified as Mrs Zhao in a statement delivered through her attor
ney, said the family gave $6.5 million to Singer for the school’s scholarship fund and other purposes.
The service sector, IT and media industries have
overtaken the education industry as major job sources for expat
s in China, according to figures from the 2019 Job Fair for Foreigners in Beijing.
The job fair was organized on Sunday by the Foreign Talent Research Center and the State Administration of Foreign Exper
ts Affairs, attracting more than 500 expats with nearly 1,000 jobs available in a range of professions.
The expat job market, once dominated by language teachers, has seen a major shift. Approximatel
y half the jobs available at the fair were in the sales, media, marketing and IT sectors, including ope
nings for journalists, brand and communication managers and software engineers.
“A certain level of Mandarin proficiency is an advantage,” said Yang Jiayin, project manager of the research center. “The be
st-paying jobs generally require the ability to speak Mandarin. Positions that require fluent spoken and written Ma‘
’ndarin tend to pay more than the same jobs without the language requirement.”
the loss and gross margin were 875 million yuan and -433 million yuan in the first nine months of last year, according to NetEase, citing the firm’s financing plan.
In April, the firm mortgaged its movable properties in Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu to raise money.
Earlier reports, including by Reuters, said the coffee chain had tapped Credit Suisse to w
ork on an IPO to raise $300 million on the US market as soon as in the second quarter of this year.
On April 10, Luckin announced plans to build new stores in ano
ther 14 Chinese cities and start selling tea-based beverages to satisfy customers’ diverse demands.
There are no more than 20 paintings ascribed to Leonardo da Vinci the Renaissance polymath and genius by art historia
ns around the world. And the majority of these works, housed at top museums worldwide, easily draw huge crowds.
Now, recent developments in high-definition reproduction technology are providing easy access to appreciating these paintings.