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Article: NEWS CORPORATION EYEING CHINESE ONLINE MEDIA

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AsiaInfo Services
Article date:
July 23, 2009
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AsiaInfo Services
07-23-2009
News Corporation Eyeing Chinese Online Media

SHANGHAI, Jul 23, 2009 (SinoCast Daily Business Beat via COMTEX) -- Deng Wendi, the Chinese wife of media magnate Keith Rupert Murdoch, takes actions again in China's media market.

Shanghai-based online advertising company AdChina Inc. reveals that its second round of financing, which reached USD 30 million, partially came from News Corporation (Nasdaq: NWSA) under the aegis of Murdoch. Deng and a top executive of MySpace China are the wirepullers.

As News Corporation has been eyeing the Chinese market for a long time, the move is believed to take the Internet and advertising as breakthrough points of its foray into ...

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