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Topic 1:
China's two leading online video players, Youku.com Inc and Tudou Holdings Ltd, announced a merger through a stock-for-stock transaction last week. According to the domestic research company Analysys International, Youku enjoyed a market share of 21.8 percent in the country's online video sector in the last quarter, followed by Tudou with 13.7 percent. This merger came amid the two companies' battles for market share, during which they both spent significantly in buying licensed content.
K2XIBI: The best way to beat your rival is to turn him into a part of you.
XIAOPAMEVOLUTION: Another monopoly is going to be created. However, Tudou has not really been that good in recent years.
BAIZHU: After the merger, next will come the move to sweep away online pirated content. It is really a win-win strategy for the two companies to merge into one because the video content copyright owners will receive the payment just once before the videos are authorized to be shown on two websites.
YEMINGXINGOO: Youku has high quality pictures while Tudou has abundant content. I hope this merger will make up for each other's deficiencies.
Topic 2:
The number of job vacancies in China's service industry has increased rapidly over the past 10 years, exceeding any other industry. The number of job vacancies was about 1.4 million more than that of applicants in 2011, up from 1 million a year earlier, according to the National Bureau of Statistics. In addition, employers are also encountering the problem that applicants do not have the required skills for a specific position. Staff turnover as a result of low salaries is also high, according to the official micro blog of the Wall Street Journal's Chinese version.
NIEYIBING: A vocational education should have been developed a long time ago, making it a mainstream of education. The gap between us and those countries in Europe and the United States is too large.
WANGXIANGDONGINCASS: The shortage of staff is not limited to the service industry. With the transformation of the manufacturing industry into more of a service, it will grow more severe.
XINZHU_QINGCHAO: I work in the service industry and, mostly for new employees, training of half a year is needed before they really set to work.
(China Daily 03/20/2012 page14)
