China-listed media group Tencent has invested in local peer Caixin Media.

However, Caixin Media said Tencent will not be involved in the company’s daily operation.

Zhejiang Daily Media Group still owns 40% of Caixin after investing RMB40m ($600,000) at the portfolio company’s launch at the end of 2009.

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?