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- Health ministry sets timeframe for keeping animals treated with antibiotics out of food chain
- Gujarat pollution board gets a makeover in efficiency 33
- Wanted: rule of law
- Illegal GM cotton spreads across India 1
- UPA's development report card
- 57 people die as heat wave sweeps Andhra Pradesh
- Auroville’s alternative galaxy 2
- Rap for ad
- Chaos in the iron age 4
- Science and Technology - Briefs
- Environment ministry wants to restore night traffic through Bandipur tiger reserve 52
- A green facade 45
- Diesel: when bad policy makes for toxic hell 38
- Gujarat pollution board gets a makeover in efficiency 33
- What’s good insulation? 30
- How vulnerable are India's nuclear power plants to disaster 28
- Grand distraction called river interlinking 28
- Eat at your own risk 27
- Green energy takes toll on green cover 26
- Temporary solution, permanent jam 25
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Issue Date: May 15, 2012
Newspaper>> Shares • China
The mouthpiece of China’s ruling Communist Party is taking to capitalist ways. On April 7, the online version of People’s Daily launched an initial public offering of its shares in Shanghai. It aims to raise 527 million yuan (US $84 million) to upgrade its technology and strengthen its operations. The paper faces competition from private online rivals such as Sina Corp and Sohu.
China is the world’s largest Internet market with over 500 million Internet users. Firms, including state-owned enterprises, have been trying to tap into this lucrative market and cater to the growing demand. China’s media analysts believe that along with strengthening its presence online, People’s Daily would use the funds from the share sale to deliver news on the mobile platform.
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