Over the past two decades, rapid globalization of China has not only drawn the country into the global economy but also into a transnational Chinese capitalist community. Globalization are generating new social spaces, cultural discourses and practices; new social categories and identities are thereby constituted. In this talk, I focus on a new social group that has emerged as a result of China's recent economic and social changes. They are called "Chinese yuppies" - the upper echelon of Chinese professionals working for international businesses. I use quantitative sociolinguistic method to analyze their speech behavior. By examining their use of four phonological variables - three local Beijing Mandarin features and a new tone feature that reveals an influence from non-mainland Mandarin varieties - I show that the yuppies select and appropriate linguistic resources from variegated sites to construct their new social identity.