Chinese tech giant Tencent, Alibaba invest $53m in TV producer Canxing

Chinese tech giant Tencent, Alibaba invest $53m in TV producer Canxing

Photo by: Austin Neill/Unsplash

Television show producer Shanghai Canxing Cultural and Broadcast Company has raised $53 million funding from internet giants Tencent Holdings and Alibaba Group, it said in a security filing dated on July 16.

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