Alibaba, Tencent lead $1.5 billion investment in China media group CMC

Trump moves to block China Mobile’s U.S. entry on security concerns
July 3, 2018
Hyundai invests in Israeli auto tech firm Autotalks
July 3, 2018
This post was originally published on this site

SHANGHAI/BEIJING (Reuters) – Chinese state-backed media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd .