Party newspaper People's Daily going public
<p><span word="The">The</span> <span word="online">online</span> <span word="news">news</span> <span word="portal">portal</span> <span word="of">of</span> <span word="the">the</span> <span word="official">official</span> <span word="Communist">Communist</span> <span word="Party">Party</span> <span word="of">of</span> <span word="China">China</span> <span word="newspaper">newspaper</span> <span word="People">People</span>'<span word="s">s</span> <span word="Daily">Daily</span> <span word="plans">plans</span> <span word="to">to</span> <span word="raise">raise</span> <span word="about">about</span> 527 <span word="million">million</span> <span word="yuan">yuan</span> ($83.52 <span word="million">million</span>) <span word="through">through</span> <span word="an">an</span> <span word="initial">initial</span> <span word="public">public</span> <span word="offering">offering</span> (<span word="IPO">IPO</span>) <span word="on">on</span> <span word="the">the</span> <span word="Shanghai">Shanghai</span> <span word="Stock">Stock</span> <span word="Exchange">Exchange</span>.</p><p><span word="People">People</span>.<span word="cn">cn</span> <span word="Co">Co</span>, <span word="which">which</span> <span word="competes">competes</span> <span word="with">with</span> <span word="commercially">commercially</span> <span word="operated">operated</span> <span word="rivals">rivals</span>, <span word="such">such</span> <span word="as">as</span> <span word="Sina">Sina</span> <span word="Corp">Corp</span> <span word="and">and</span> <span word="Sohu">Sohu</span>, <span word="aims">aims</span> <span word="to">to</span> <span word="raise">raise</span> <span word="cash">cash</span> <span word="by">by</span> <span word="selling">selling</span> 69.1 <span word="million">million</span> <span word="new">new</span> <span word="shares">shares</span>, <span word="or">or</span> 25 <span word="percent">percent</span> <span word="of">of</span> <span word="its">its</span> <span word="enlarged">enlarged</span> <span word="capital">capital</span> <span word="base">base</span>, <span word="to">to</span> <span word="fund">fund</span> <span word="expansion">expansion</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="preliminary">preliminary</span> <span word="prospectus">prospectus</span> <span word="posted">posted</span> <span word="on">on</span> <span word="the">the</span> <span word="website">website</span> <span word="of">of</span> <span word="China">China</span>'<span word="s">s</span> <span word="securities">securities</span> <span word="regulator">regulator</span>.</p><p><span word="The">The</span> <span word="China">China</span> <span word="Securities">Securities</span> <span word="Regulatory">Regulatory</span> <span word="Commission">Commission</span> <span word="will">will</span> <span word="vet">vet</span> <span word="People">People</span>.<span word="cn">cn</span>'<span word="s">s</span> <span word="IPO">IPO</span> <span word="application">application</span> <span word="on">on</span> <span word="Friday">Friday</span>.</p><p><span word="Beijing">Beijing</span> <span word="is">is</span> <span word="encouraging">encouraging</span> <span word="IPOs">IPOs</span> <span word="by">by</span> <span word="State">State</span>-<span word="owned">owned</span> <span word="news">news</span> <span word="websites">websites</span>.</p><p><span word="China">China</span>'<span word="s">s</span> <span word="State">State</span> <span word="news">news</span> <span word="agency">agency</span> <span word="Xinhua">Xinhua</span> <span word="also">also</span> <span word="plans">plans</span> <span word="to">to</span> <span word="list">list</span> <span word="its">its</span> <span word="online">online</span> <span word="portal">portal</span> <span word="in">in</span> <span word="Shanghai">Shanghai</span> <span word="to">to</span> <span word="raise">raise</span> <span word="about">about</span> 1 <span word="billion">billion</span> <span word="yuan">yuan</span>, <span word="media">media</span> <span word="reports">reports</span> <span word="said">said</span> <span word="earlier">earlier</span>.</p><p><span word="People">People</span>.<span word="cn">cn</span> <span word="faces">faces</span> "<span word="big">big</span> <span word="challenges">challenges</span>" <span word="from">from</span> <span word="commercial">commercial</span> <span word="websites">websites</span>, <span word="such">such</span> <span word="as">as</span> <span word="Sina">Sina</span> <span word="and">and</span> <span word="Sohu">Sohu</span>, <span word="which">which</span> <span word="have">have</span> <span word="benefited">benefited</span> <span word="from">from</span> <span word="the">the</span> <span word="opening">opening</span> <span word="of">of</span> <span word="the">the</span> <span word="Internet">Internet</span> <span word="services">services</span> <span word="industry">industry</span> <span word="as">as</span> <span word="well">well</span> <span word="as">as</span> <span word="ample">ample</span> <span word="funding">funding</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="prospectus">prospectus</span>.</p><p><span word="People">People</span>.<span word="cn">cn</span>, <span word="which">which</span> <span word="is">is</span> <span word="controlled">controlled</span> <span word="by">by</span> <span word="People">People</span>'<span word="s">s</span> <span word="Daily">Daily</span> <span word="and">and</span> <span word="counts">counts</span> <span word="State">State</span>-<span word="owned">owned</span> <span word="telecommunications">telecommunications</span> <span word="giants">giants</span>, <span word="including">including</span> <span word="China">China</span> <span word="Mobile">Mobile</span>, <span word="China">China</span> <span word="Unicom">Unicom</span> <span word="and">and</span> <span word="China">China</span> <span word="Telecom">Telecom</span>, <span word="among">among</span> <span word="its">its</span> <span word="shareholders">shareholders</span>, <span word="plans">plans</span> <span word="to">to</span> <span word="use">use</span> <span word="the">the</span> <span word="IPO">IPO</span> <span word="proceeds">proceeds</span> <span word="to">to</span> <span word="upgrade">upgrade</span> <span word="technology">technology</span>, <span word="develop">develop</span> <span word="mobile">mobile</span> <span word="services">services</span> <span word="and">and</span> <span word="strengthen">strengthen</span> <span word="its">its</span> <span word="editorial">editorial</span> <span word="team">team</span>.</p><p><span word="Its">Its</span> <span word="net">net</span> <span word="profit">profit</span> <span word="almost">almost</span> <span word="quadrupled">quadrupled</span> <span word="to">to</span> 81.6 <span word="million">million</span> <span word="yuan">yuan</span> <span word="in">in</span> 2010 <span word="from">from</span> <span word="a">a</span> <span word="year">year</span> <span word="earlier">earlier</span>, <span word="with">with</span> <span word="online">online</span> <span word="advertising">advertising</span> <span word="contributing">contributing</span> <span word="to">to</span> <span word="about">about</span> <span word="half">half</span> <span word="of">of</span> <span word="the">the</span> <span word="company">company</span>'<span word="s">s</span> <span word="revenue">revenue</span>.</p>
页:
[1]