Leshi Internet Information & Technology Corp. has agreed to invest RMB1.875 billion (US$291 million) in TCL Multimedia Technology Holdings Ltd. The deal would make leshi the second largest shareholder of TCL Multimedia with a 20.1% stake, according to disclosure filings submitted by both companies. Leshi plans to subscribe 348.85 million new shares of Hong Kong-listed […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.