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Tuesday, September 25, 2001, updated at 23:34(GMT+8)
Business  

Sina Joins Hands with SUN-TV

Chinese portal web site Sina.com announced its teaming up Tuesday with the SUN-TV Cybernetworks Ltd. to build the country's largest broad-band portal and multi- media platform.

After paying 8 million US dollars and offering 4.6 million of its newly issued stocks, Sina.com will become the largest shareholder of SUN-TV, with 29 per cent of its shares.

Meanwhile, Yang Lan, president of SUN-TV, will get 10 per cent of Sina.com's shares, and become its biggest shareholder.

The two companies wish to expand their business scale, provide a larger variety of information for users and combine their respective advantages in TV and Internet services.

The NASDAQ-listed Sina.com boasts 29 million registered users, and enjoys a high reputation in the global Chinese community.

SUN-TV Cybernetworks Ltd. is listed on the Hong Kong stock exchange, and specializes in filming documentary programs targeting Chinese audiences.







In This Section
 

Chinese portal web site Sina.com announced its teaming up Tuesday with the SUN-TV Cybernetworks Ltd. to build the country's largest broad-band portal and multi- media platform.

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