CITIC Joins ChinaWeb Investor Group
BEIJING, Feb. 7 /PRNewswire/ -- ChinaWeb, Ltd., China's largest online provider of bilingual financial news and services, today announced that China International Trust and Investment Corporation (CITIC) has taken an equity position in the company. CITIC, China's largest diversified financial institution, has taken a 10 percent equity stake in ChinaWeb.
"CITIC's investment marks a significant milestone for ChinaWeb, which is now positioned to play a leadership role in online trading, B-to-B web solutions, online transactions and other broad based e-commerce activities in China", stated Mr. Boming Wang, ChinaWeb's Chairman and CEO.
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