Xinhua Finance Media, the Chinese financial new gathering agency which in March did a U.S. IPO, has been given the page one treatment by WSJ…the long, investigative story tells the tale of how the company rose, headed by U.S.-born Fredy Bush, and its close dealings with the Chinese government and Xinhua News Agency, the official news agency of the government there. Other murky details are also mentioned in the story.
Xinhua hit back today with a release, where the CEO refutes some of the allegations. A PDF copy of the employee letter Bush sent out last week is here.
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