Hony Capital pours $42m into China's state-owned Xinhua News Agency's mobile portal

Hony Capital pours $42m into China's state-owned Xinhua News Agency's mobile portal

Hony Capital, a private equity firm owned by Chinese investment company Legend Holdings, has inked an agreement to invest RMB300 million ($42.22 million) in Xinhua Xuanwen, a mobile news platform launched by Chinese state-owned Xinhua News Agency.

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