Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

39.net Acquires Xunlei Health Channel

China Business News, 1/09/08

Co-president of online healthcare portal 39.net, Qin Gang, has announced that his company has just completed the purchase of Xunlei's desktop news "Health Channel" for more than RMB 3 mln. 39.net will also complete the acquisition of another major health channel after the Chinese New Year. 39.net has already begun preparatory work for a stock market listing and employee stock option plan.

Last year 39.net's turnover reached RMB 30 mln and this year it is expected to double. Over RMB 40 mln will be used towards adding website content this year. 39.net has already built databases covering hospitals and doctors and will set up more for medicine, health care products, and health-related events. Original content will also be added, articles will be solicited from professionals, and the latest news and information from abroad will be translated.

Keywords: 39.net Qin Gang Xunlei online healthcare vertical portal M&A IPO stock option Internet

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports