Chinese Biz News, the first Chinese-language business newspaper in North America, is being published by a Los Angeles-based Internet company, according to the company announcement Saturday.

There are currently about 300,000 Chinese-owned businesses in North America, which bring in more than US$100 billion annually. Due to the booming development of Chinese enterprises, businessmen in the United States and China would like to have greater access to business information, and Chinese Biz News will aim to bridge that information gap, the announcement said.

The 12-page, full-size weekly will be published every Saturday. It is based in the Los Angeles area, which is one of the larger Chinese communities in North America, and will focus on Chinese and American Markets.

Chinese Biz News will be distributed free-of-charge to state libraries in America, major university libraries, Chinese bookstores, and through all major channels in China, People's Daily Online reported.