BCBusiness

October 2017 Entrepreneur of the Year

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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TANYA GOEHRING Source: Victor Ho, Sing Tao OCTOBER 2017 BCBusiness 17 t h e m o n t h ly i n f o r m e r tmı "In business, I see the movement of capital enabling all these dierent ideas to take root and benet society" –p.23 O C T O B E R 2 0 17 inSiDe Drinking for charity ... First Nations finance ... Working capital ... Fun at the store ... + more MAKING THE NEWS Haini Xiao, editor-in-chief of Lahoo.ca, claims a readership of 60,000 T here's a shakeup under- way in Canada's Chinese- language press—and its epicentre is in Vancouver. Amid the riptide of digital disruption hammering traditional print business models, the emergence of social media platforms like WeChat and a demographic shift thanks to rising immigration from mainland China, the indus- try is in •ux. Even as census data websites, often mom-and-pop endeavours that rely heavily on WeChat to reach readers. "It's a bit of a free-for-all," says Alex Wan, co-founder and managing director of Periphery Digital, a Vancouver-based mar- keting consultancy focusing on Chinese-Canadians. "There are at least a dozen Chinese-based media companies, and nobody's emerging as the champion." Haini Xiao, editor-in-chief of Lahoo.ca, is making a good run at it. Based in a strip mall in Richmond, Lahoo operates a website publishing about 20 posts a day, as well as a free weekly. Founded in 2013, it War of Words meDiA PRINT RUN show that from 2006 to 2016, the Lower Mainland's population of Chinese speakers climbed by 22 per cent, to some 385,000, print stalwarts like Ming Pao and Sing Tao have fought to attract new readers in an increasingly cutthroat market. World Journal, the other big local Chinese- language newspaper, shuttered its Canadian operations in 2015. Filling the gap are upstart news Mom-and-pop news websites are giving the veterans of Vancouver's Chinese-language press a run for their money by Jacob Parry Simplified-Chinese newspapers cater to Mandarin- speaking readers from mainland China. Metro Van- couver's top three by approximate weekly circulation: 1. Dushi Bao/Cana- dian City Journal (published by Sing Tao): 10,000 2. Rise Weekly (Lahoo.ca): 2,000-3,000 3. Dawa News: 1,000-2,000

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