Some sad news – The China Project

However sadly, that very same work has put a number of targets on our backs. We have now been accused many occasions in each nations of working for nefarious functions for the federal government of the opposite. Defending ourselves has incurred huge authorized prices, and, far worse, made it more and more tough for us to draw traders, advertisers, and sponsors. Whereas our subscription choices have been rising strongly and steadily, we’re not but ready to depend on these revenues to maintain our operations. The media enterprise is precarious, and the politically motivated assaults on us from numerous events put us in an excellent worse state of affairs.

We’re not ready to compromise our values for funding. And this week, we discovered {that a} supply of funding that we had been relying on was not going to return by way of, and we have now needed to make the tough determination to shut down.

This determination was all of the harder as a result of we have now simply held probably the most profitable occasion of our firm’s historical past, the NEXTChina Convention in New York final week, and we have now simply launched Edge, a database product that appeared set to dramatically improve our revenues.

However we have now a funding shortfall, and we can not proceed in our present kind.

We have now begun authorized proceedings to unwind the corporate and we’ll write to subscribers, sponsors, and traders with a extra detailed replace subsequent week on what this implies.

A few of our initiatives and initiatives might survive the closure of the corporate, and we’ll subject updates as our state of affairs turns into clearer within the coming days. We will even publish an FAQ for subscribers, sponsors, traders, and different events tomorrow. Please contact us when you’ve got questions, and we’ll attempt to reply as quickly as we will.

We’d wish to thank all of the individuals who have ever labored for The China Challenge full time or as freelance contributors. We’ve made some nice issues collectively, and we have now made the world extra knowledgeable about China — the nice and the dangerous.

We’d additionally wish to thank all of our readers, listeners, viewers, subscribers, sponsors, and traders to your type help over time. We’ve constructed an amazing neighborhood collectively. We love you.

It’s been a hell of a experience!