Website of People's Daily Doubles Profit
Posted: 8/23/2012 | By: Shen Hong | Wall Street Journal
SHANGHAI—Apparently, touting the Communist Party line can be good for business.
People.cn Co., the website of the Chinese Communist Party's flagship newspaper, the People's Daily, more than doubled its first-half net profit, as the news portal took advantage of strong government support and expanded its information-services business and advertisement sales.
People.cn Co., the website of the Chinese Communist Party's flagship newspaper, the People's Daily, more than doubled its first-half net profit, as the news portal took advantage of strong government support and expanded its information-services business and advertisement sales.