by Adam Minter, Bloomberg, April 25, 2018
Entrepreneurs hoped to list a sacred mountain on a Chinese stock exchange. Trouble ensued.
Beijing, China -- In China, religion is big business. The famed Shaolin Temple owns dozens of companies and its abbot is popularly known as the "CEO monk." Two of China's four sacred Buddhist mountains are publicly listed. So management at Mount Putuo Tourism Development Co., which oversees a third holy mountain, probably thought that their own initial public offering would cause little controversy.