Shaolin IPO: Home of kung fu to go public
Gawker pointed out this story out of China: The ancient home of kung fu, the Shaolin Temple, is planning to go public in 2011. The temple is a big tourist attraction and pulls in about $20million a year from ticket sales (150m yuan). The venture is expect to help boost tourism in the region.
The head of the temple, Shi Yongxin, has become known as the CEO Monk for his work to transform Shaolin into a global brand. He's faced plenty of criticism from people who say he's exploiting a sacred home of Zen Buddhism.
Maybe he was just fed up for not getting cut in by the world's foremost promoters of the Shaolin brand: The Wu-Tang Clan.
Just so you know, the above video contains explicit lyrics. Don't say I didn't warn you. For a more family-friendly video experience, please watch the video below - in which the Wu-Tang gives literal meaning to Chessboxin'
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The head of the temple, Shi Yongxin, has become known as the CEO Monk for his work to transform Shaolin into a global brand. He's faced plenty of criticism from people who say he's exploiting a sacred home of Zen Buddhism.
Maybe he was just fed up for not getting cut in by the world's foremost promoters of the Shaolin brand: The Wu-Tang Clan.
Just so you know, the above video contains explicit lyrics. Don't say I didn't warn you. For a more family-friendly video experience, please watch the video below - in which the Wu-Tang gives literal meaning to Chessboxin'
Recently on the Current News Blog:
- Philippines just can't catch a break - Mayon Volcano evacuations
- Challenges facing my new home in Guatemala - Global Citizen Year
- Ben Bernanke is Time's Man of the Year
- Marijuana legal in California in 2010?
- British arrest warrant for Tzipi Livni, former Israeli Foreign Minister
