Lai's new direct marketing venture, adMart, goes head to head with Li enterprises such as Park 'n Shop supermarket chain and electrical appliances retailer Fortress.

CNN: Newsmakers

In 1992 Frazier was hired as the general counsel of Astra Merck Group, a joint venture in charge of marketing the heartburn drug Prilosec.

FORBES: Merck Could Return To Greatness If CEO Can Leave His Own Past Behind

In exchange, the Chinese oil firm signed a letter of intent with BP Amoco calling for the establishment of a gas-marketing joint venture in eastern China.

CENTERFORSECURITYPOLICY: Center For Security Policy