E-commerce giant Alibaba is mulling over taking a step into news media.
The company is said to have reached a deal to invest at least 1 billion yuan, more than 160 million USD, in Shanghai-based China Business Network.
CBN is one of China's leading financial newspapers, owned by Shanghai Media Group (SMG), the country's second largest state-owned media company.
BYD to Raise Up to 15 Bln Yuan through New A-Share Issue
BYD says it is rolling out a private A-share placement to raise up to 15 billion yuan, a plan floated amid the stock rally on the mainland.
The Buffett-backed carmaker will sell more than 261.3 million shares at a minimum of 57.4 yuan apiece to a maximum of 10 investors.
The share placement is subject to shareholders' approval at an extraordinary general meeting on July 21.
