One thing I love about living in China is it is never dull.
Today, started with a shocking China tweet about DangDang's CEO f-bombing, more like f-carpet bombing, Morgan Stanley via his personal Sina Weibo account. Weibo is China's version of Twitter and DangDang is a younger, smaller version of Amazon.
DangDang co-founder and CEO Li Guoqing was very unhappy with way Morgan Stanley priced his company's recent NYSE IPO. This past weekend he had to let all that anger out. Most executives would do it in private, but Mr. Li let more the more than 400 million internet users in China know exactly how he felt about Morgan Stanley. His rant spread like wildfire, was translated into English and picked up by media across the world. Good summaries of the meltdown on TechRice and the Wall Street Journal's China Realtime Report. (Note - plenty of adult words in these summaries.)
By noon today, everyone in my office was talking about Mr. Li's posts and his choice of words. His outburst was not the worst one they had seen in the past few years, but it may be the biggest flamer on Weibo to date.
It will be interesting to see what happens to Mr. Li. In the US, he'd be fired before the end of the week, but in China it's unclear what will happen to him.
Like I said, it is never "D" dull in China.
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