IN BRIEF (Page 13)
China Daily | Updated: 2011-05-10 07:56
Tencent invests in media group
The Chinese Internet conglomerate Tencent Holdings Ltd has invested 450 million yuan ($70 million) in the Shenzhen-listed Huayi Brothers Media Corp. The move makes Tencent the biggest institutional investor in the media group with a stake of 4.6 percent, the two companies said on Monday.
Hello Kitty park set for China
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