Wasu says the 6.54 billion yuan investment will accelerate its expansion into new media and help fund purchases of cable TV networks. Photo: Imaginechina

Wasu stake adds to Ma's TV interests

Shares of mainland cable television network operator surge by daily limit after Alibaba founder and two partners take 20pc stake

Wasu says the 6.54 billion yuan investment will accelerate its expansion into new media and help fund purchases of cable TV networks. Photo: Imaginechina
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