China's Communist mouthpiece seeks capitalist investors

The web portal of People's Daily will become the first state media outlet to list editorial assets.

China's Communist mouthpiece seeks capitalist investors

China’s official media groups, whose typical priority is spreading government propaganda, have been assigned new political tasks seeking investors.

People’s Daily Online, which operates the website of China’s most authoritative newspaper, is looking to raise up to Rmb527 million $83 million and list on the Shanghai Stock Exchange. China’s securities regulator approved its listing application on Friday.

Xinhuanet, the news portal controlled by the official Xinhua News Agency, is...

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