Xinhua Unit Applies for Shanghai IPO Amid Domestic Censor Debate
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Xinhuanet.com, the online news provider of China’s official Xinhua News Agency, applied for an initial public offering in Shanghai, amid a domestic debate over media censorship.
The China Securities Regulatory Commission noted the application in a Jan. 4 posting on its website, without indicating the amount Xinhuanet intends to raise or how it will be used. An official who answered a call to Xinhuanet’s operations department in Beijing today declined to identify himself or to comment on the IPO plans.