Corrections & clarifications

PUBLISHED : Saturday, 21 July, 2012, 12:00am
UPDATED : Saturday, 21 July, 2012, 12:00am

The article headlined 'Tencent buys 20pc stake in Caixin' on B6 yesterday incorrectly stated that Tencent would buy one fifth of Caixin Media. In fact, Tencent already has a stake in Caixin Media, but both sides declined to disclose any details of the transaction. The figures cited were inaccurate and were based on market speculation. The article also wrongly stated that Zhejiang Daily Media Group had put its stake in Caixin Media up for sale. We apologise for these errors.