The competition among news agencies is growing as they launch new services to attract clients or enhance customer loyalty.
Xinhua Financial Network (XFN), which bought AFX-Asia earlier this year, has formed a global business news alliance with CBS MarketWatch of the United States and AFX-News in Europe.
Their news service is undergoing testing and should launch in December, according to XFN chief executive Fredy Bush.
She said that by combining their strengths - yet still remaining focused on their core markets - they would add a depth to their news coverage unlike anything on offer from other providers.
'We can actually provide an international feed with more depth and charge a lower price than most of the international news providers,' Ms Bush said.
Industry players estimated the alliance would charge 20 per cent to 30 per cent less than agencies such as Reuters and Bloomberg.
Since its inception in 1999, XFN - partly owned by the China-controlled news agency Xinhua - has launched the Xinhua FTSE China 25 Index, Xinhua Far East China Credit Ratings Services as well as the Xinhua FTSE China A 200 Composite Index, the first publicly available composite index for China.