Jiang Fang

A Chinese firm, which has developed the country's first space parachute suit, has hit on a business idea to send people into space using a high-tech balloon and return to earth using a parachute for USD 77,000.

Chinese entrepreneur Zhu Jiang didn't need a stock market to raise cash for his media startup. Impatient to tap investors even though Beijing has frozen new share sales, Zhu started flogging stock on shopping website Taobao.com.

A Chinese firm, which has developed the country's first space parachute suit, has hit on a business idea to send people into space using a high-tech balloon and return to earth using a parachute for USD 77,000.

Chinese entrepreneur Zhu Jiang didn't need a stock market to raise cash for his media startup. Impatient to tap investors even though Beijing has frozen new share sales, Zhu started flogging stock on shopping website Taobao.com.