Xinhua China forms digital media company

May 19, 2006

Xinhua China Ltd. announced Friday it has formed subsidiary company Beijing Joannes Information Technology.

The new online merchandizing company, branded www.geezip.com, will focus on the sale and distribution of digital media content including e-books, e-audio and e-music. It's set to launch Oct. 1, 2006.

"With China rapidly becoming the most wired country in the world, we are positioning ourselves to take advantage of the trend for online content, particularly foreign content," said Xinhua China Chief Executive Officer Xianping Wang. "Internet usage in China by middle class consumers is growing at an annualized rate of 60 percent. There's no question China represents a great business opportunity for online content and service providers."

Xinhua China is a U.S.-based holding company that owns a majority interest in a Chinese company that holds a national license to distribute books in China.

Copyright 2006 by United Press International

Explore further: Overwatch League partners with Twitch in two-year broadcast deal

Related Stories

Skype joins list of apps on China blacklist

November 22, 2017

Skype has apparently joined the lengthening list of internet tools on China's blacklist, disappearing from download stores with Apple saying Wednesday it was ordered by the government to remove certain apps.

Springer Nature blocks access to articles in China

November 1, 2017

Academic publisher Springer Nature said Wednesday it has blocked access to articles within China to comply with demands from the Chinese government, amid a push by Beijing to tighten controls on information from outside the ...

China's former internet czar faces graft probe

November 22, 2017

China's former internet czar, who oversaw a tightening of online censorship during his tenure, has become the latest top Communist Party figure to be ensnared in the country's anti-corruption drive.

Recommended for you

Cryptocurrency rivals snap at Bitcoin's heels

January 14, 2018

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it's not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting.

Top takeaways from Consumers Electronics Show

January 13, 2018

The 2018 Consumer Electronics Show, which concluded Friday in Las Vegas, drew some 4,000 exhibitors from dozens of countries and more than 170,000 attendees, showcased some of the latest from the technology world.

Finnish firm detects new Intel security flaw

January 12, 2018

A new security flaw has been found in Intel hardware which could enable hackers to access corporate laptops remotely, Finnish cybersecurity specialist F-Secure said on Friday.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.