Media business

Reuters buys stake in Hexun

From Paidcontent.org:

Reuters Acquires Minority Stake in Chinese Financial Information Portal

Reuters has acquired a minority stake in ChinaWeb, the parent company of Chinese financial information portal Hexun. Founded in 1996, Hexun is now one of China’s largest financial information portals with 50 million monthly unique visitors and 670 million page views per month. Financial terms of the all-cash transaction were not disclosed.

Hexun is part of SEEC, the group that publishes Caijing, everybody's favorite investigative business magazine.

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