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Article: XFN and AFX News to Create International Alliance of Financial News Providers XFN Acquires AFX Asia as First Step, Aims to Become Leader in Region.
- Article from:
- PR Newswire
- Article date:
- January 9, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HONG KONG -- HONG KONG, Jan. 9 /PRNewswire/ -- Xinhua Financial Network (XFN) and AFX News today joined forces as a first step towards creating a global alliance of financial news providers. The strategy includes XFN, the leading China financial news provider, acquiring 100% of AFX Asia, enabling XFN to immediately broaden its Asian footprint while allowing AFX News to focus on Europe.
XFN's CEO Ms. Fredy Bush said, "We are very strong in China, and this strategic alliance with AFX News Ltd, starting with our acquisition of AFX Asia, enables XFN to immediately become a leader in Asia while broadening our reach globally via AFX. The eventual global alliance ...