Xinhua Sub To Compete With Data Vendors In China Market

VENDOR STRATEGIES

A company partially owned by Chinese news agency Xinhua said last month that it is planning to disseminate financial information and data in China via satellite. The move comes as Xinhua continues negotiations with foreign market data vendors over implementation of its plans to take a cut of their revenues from China.

The latest development follows a series of events of last year, in which Xinhua first said it planned to begin "supervising" foreign financial information providers' business in