Reuters Takes Stake in ChinaWeb

Mar 21, 2008


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Reuters announced that it has taken a minority stake in ChinaWeb, an online financial information providers in China. ChinaWeb's principal operating business, Hexun, is an independent online financial website in China. ChinaWeb had gross assets of 2.6 million Euros as of 4 February, 2008. Financial terms of all cash transactions were not disclosed.

(www.reuters.com, www.chinaweb.de)