Li and Caijing collaborate on business news service
Posted by Uma Dixit on February 27, 2009 at 12:51 PM
The chairman of Hong Kong-based telecoms firm PCCW, Richard Li, is partnering with Chinese magazine Caijing to launch an English-language online financial information service, the Financial Times reported Friday.
PCCW is Hong Kong's largest fixed-line operator. The service will focus on China, Hong Kong and Taiwan.
PCCW is Hong Kong's largest fixed-line operator. The service will focus on China, Hong Kong and Taiwan.
The venture will be Li's latest move to be a bigger player in the media industry, the Financial Times reported.
In 1993, Li sold satellite broadcaster Star TV to Rupert Murdoch's News Corp. and started his own company, Pacific Century. He then went on to acquire Hong Kong Telecom, renaming the company PCCW.
Li also controls the Hong Kong Economic Journal and Now TV, one of the world's largest broadband TV networks, according to the Financial Times.
"The venture between Mr Li and Caijing could also help one of China's most independently-minded news organisations steal a march on some of the country's official media in seriously entering the global market," the Financial Times article stated.
In 1993, Li sold satellite broadcaster Star TV to Rupert Murdoch's News Corp. and started his own company, Pacific Century. He then went on to acquire Hong Kong Telecom, renaming the company PCCW.
Li also controls the Hong Kong Economic Journal and Now TV, one of the world's largest broadband TV networks, according to the Financial Times.
"The venture between Mr Li and Caijing could also help one of China's most independently-minded news organisations steal a march on some of the country's official media in seriously entering the global market," the Financial Times article stated.
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