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Today's links:
The illegal sports gambling market has grown to $150 billion annually. Much of that money
will now shift to legitimate entities. (Link)
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Debt investing in emerging markets - Payment in Ham (Link)
"A Chinese company has come up with an innovative way to placate creditors - as long as they like ham. Chuying Agro-Pastoral Group Co. said holders of 271 million yuan ($39 million) of its debt have agreed to take ham or pork gift packages instead of interest payments, according to a filing on the Shenzhen Stock Exchange on Thursday. The Zhengzhou-based pork producer failed to repay 500 million yuan of local bonds due this week amid a cash crunch caused by the spread of African swine fever. “Payment in kind becomes PIH (Pay In Ham)," said Owen Gallimore, head of credit strategy from Australia & New Zealand Banking Group. For Judy Kwok-Cheung, director of fixed income research at Bank of Singapore, these cases illustrate the liquidity concern facing small and medium enterprises in China."
TripAdvisor’s move away from paid advertising on Google to TV advertising (Link)
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Friday Humour
