CMC Capital Invests US$15M In WallStreetCn.Com


CMC Capital (China Media Capital) has invested RMB100 million (US$15 million) in Chinese financial news website and mobile app WallStreetCn.com, according to Tencent Technology.

Founded in 2013, WallStreetCn.com previously received investments from Ping An Insurance Company of China, Ltd. and Haitong Securities Co.

The investment follows CMC Capital’s investment in Caixin, China’s top financial news magazine and web portal in 2013.

CMC Capital, founded by Chinese media mogul Li Ruigang in 2010, is the most high-profile and active investors in the media and entertainment sector.

WallStreetCn.com claims to have unique monthly visitors of tens of million and daily unique visitors of over one million.

 
China Expert network

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