Caixin OnlineBusiness & IndustryTop Stories Industry CIC Says it Has No Plans to Invest in Facebook
07.06.2011 15:33

CIC Says it Has No Plans to Invest in Facebook

China's sovereign wealth fund China Investment Corp. denied reports that it would take a sizable stake in the popular social networking website Facebook
By staff reporter Zheng Fei

(Beijing) – China's sovereign wealth fund China Investment Corp. (CIC) is not mulling an investment stake in Facebook, a person close to CIC told Caixin.

The source added that CIC sees Facebook as currently overvalued.

U.S. website Businessinsider reported on July 1 that CIC planned to take a stake into the world's most popular social networking website with 700 million users.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Pulling the Plug

A government-backed shift to homegrown, open-source IT systems is helping Huawei and rattling IBM


Issue 79
July, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Pulling the Plug
A government-backed shift to homegrown, open-source IT systems is helping Huawei and rattling IBM
Issue 79
07.01.2014

Subscribe       |       Newsletter        |        FAQ