Searching for "Caixin Media"
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A number of industry sources reported today that Chinese internet and mobile giant Tencent (0700.HK) had invested in Caixin Media Company through an arrangement involving the issue of new stock as well as a proportional investment from the Zhejiang Daily Media Group (600633.SH), preserving the latter's 40% stake in the company. Read More
According to internet postings, the Zhejiang Daily Media Group (600633.SH) has sold a 19.77% stake in Caixin Media Company to Shenzhen-based internet company Tencent (0700.HK) for RMB 56.48 mln. Read More
The PR department of telecom equipment manufacturer Huawei Technologies has issued an official statement denying rumors that CEO and founder Ren Zhengfei would be passing the reigns to his son Ren Ping and forcing out chairman of the board Sun Yafang. Read More