I have never heard of it, but will look into it. i have invested in a number of companies in China and its tough getting your arms around them initially from a due diligence standpoint.
One I am holding now is Sun New Media (SNMD.OB). Company had a great first qtr post acquisition and has made a few other additional acquisitions since then.
Things to look for in China: 1) A real board of directors 2) Real fundamentals 3) A real auditor
SNMD.OB has some high profile people around it and I love the story.... would love to hear any of your thoughts.