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US-Sino tensions help spawn China card game craze By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
China's bankers and business executives have become increasingly reliant on domestic capital in recent years as foreign funding has dried up, but a popular way to unlock that cash may very well involve "throwing eggs". The term refers to Guandan, a poker-like card game that has been around for decades, but has gained fresh life among venture capitalists a few years ago as they awoke to its popularity among wealthy local government officials in eastern regions. "Officials like this game, so we play along," said Yang Yiming, an investment banker whose job involves canvassing government funding for projects linked to semiconductors and defence. ....
BEIJING China’s bankers and business executives have become increasingly reliant on domestic capital in recent years as foreign funding has dried up, but a popular way to unlock that cash may very well involve “throwing eggs.” ....
Guandan: The poker-style card game that has become popular owing to US-China tensions firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.
China's financial professionals and corporate leaders have increasingly turned to domestic sources of funding in recent times due to a decline in foreign investment. ....