Alibaba, Tencent lead $1.5 billion investment in China media group CMC

SHANGHAI/BEIJING (Reuters) - Chinese state-backed media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd .

from Reuters: Technology News https://ift.tt/2lQBmU1