Tencent grabs stake in Caixin Media

Source:Techweb.com.cn Published: 2012-7-19 23:35:07

Caixin Media announced Thursday that Tencent Holdings has become its latest shareholder following a recent round of financing, without revealing the exact size of Tencent's stake or the amount it invested.

The company also stated that Tencent won't take part in its daily operations and Caxin will retain the same high standards of professionalism that it has become known for.

Caixin Media focuses on financial and economic news.


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