Six China state-owned firms invest $88m in ThePaper.cn

Six China state-owned firms invest $88m in ThePaper.cn

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

In a  strategic investment, six Shanghai-based state-owned enterprises injected up to $88 million (RMB610 million) in online media startup ThePaper.cn, the China Money Network reported.

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