Reuters announced that it has taken a minority stake in ChinaWeb, a provider of online financial information in China. According to the Reuters press release, Hexun, the principal business of ChinaWeb, is “one of the largest independent online financial websites in China.” The company claims to have nearly 50 million unique visitors per month generating 670 million page views. ChinaWeb had gross assets of US$5.2 million as of February this year according to Reuters.  Source: Reuters press release

BIIA Newsletter April – 2008 Issue