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Hong Kong

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Why Europe Won’t Create The Next Apple, FedEx Or McDonald’s

via Frank Holmes, Forbes A surprising wealth of information about the world’s most prosperous people can be discovered in two new reports. The Chinese Millionaire Wealth Report 2012, put together by GroupM and the Hurun Report, found that there are now a million millionaires in China. On average, a Chinese millionaire is 39 years old, … Continue reading

US Prosecutors Shut Down Megaupload, One Of World’s Largest File-Sharing Sites

via Sari Horwitz and Cecilia Kang, The Washington Post One of the world’s largest file-sharing sites was shut down Thursday, and its founder and several company executives were charged with violating piracy laws, federal prosecutors said. An indictment accuses Megaupload.com of costing copyright holders more than $500 million in lost revenue from pirated films and … Continue reading

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