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CBN Joint Stock Co., Ltd. Officially Inaugurated

Updated:2020/10/14 11:54

In the morning of October 12, China Broadcasting Network (CBN) Joint Stock Co., Ltd. was officially inaugurated and signed the strategic partnership agreement with State Grid and Alibaba, marking the fruition of a “national joint stock corporation” that CBN had desired for over a decade.

Released information shows that the total registered capital of the new corporation is around ¥101.2 billion, with State Grid and Alibaba each subscribing ¥10 billion to hold 9.88% of  the total shares.

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