Shanghai: Big Brother And The E Revolution

Will heavy-handed Shanghai hold back Netrepreneurs?

It's the end of a trying day for Phil Ren. After hours spent in meetings devising strategies to attract foreign venture capitalists, the tall, bony 23-year-old is in a local restaurant, picking at his dinner. He takes another drag on another cigarette, downs a decongestant for an annoying cold, and confides that despite the apparent success of his two-year-old startup, Shanghai SOIM Online Publishing Co., he is worried about the future. "I'm afraid," he tells me repeatedly.

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