Summary:

Chinese portal Tom Online will pay as much as 550 million yuan for Treasure Base Investments, a Beijing-based firm that has ventures with 60…

Chinese portal Tom Online will pay as much as 550 million yuan for Treasure Base Investments, a Beijing-based firm that has ventures with 60 television networks, to sell its value-added cellphone services.
Treasure Base provides wireless interactive products and services through co-operation with television networks, and is one of China Mobile’s top 10 service providers.

Comments have been disabled for this post