Hangzhou, Zhejiang province-based Wasu Media has signed an agreement with Hangzhou Yunxi Investment Partnership Enterprise, in which the latter will pay RMB6.54 billion ($1.05 billion) to acquire a 20% stake of the company, according to a company announcement of Wasu. Yunxi Investment will buy 286 million shares of Wasu Media at RMB22.8 apiece in a […]

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