Xinhua Finance

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Xinhua Finance Limited
Type	Public NASDAQ: XFML and TYO: 9399
Founded	November 1999
Headquarters	Hong Kong, China
Key people	Ms. Fredy Bush, Vice Chairman & Chief Executive Officer Mr. Jae Lie, President Mr. Daniel Connell, Chief Operating Officer Mr. Gordon Lau, Chief Financial Officer
Industry	Finance
Revenue	US$110 million (as of December 31, 2005)
Employees	1,985 (as of Mar 31, 2007)
Website	www.xinhuafinance.com

Xinhua Finance Limited (Chinese: 新華財經有限公司; Japanese: ファイナンス・リミテッド) (TYO: 9399 NASDAQ: XFML) formed in 1999 is engaged in the provision of financial information and media services in China, Japan, and the United States. It is headquartered in Shanghai. It is listed on Tokyo Mothers Board (9399) and also NASDAQ (XFML), and has a network spanning 19 locations across North America, the Asia-Pacific, and Europe. As of August 31, 2006 the company has 1,592 employees.The share registrar is Tricor Investor Services Limited.

1 History
2 See also
3 References
4 External links

[edit] History

Xinhua Financial Network, Ltd. (XFN) was incorporated in Hong Kong in November 1999. In late 2000, XFN established joint venture with FTSE Group, forming the Xinhua FTSE Index.

In 2003, it formed an international alliance with Agence France-Presse (AFP) Finance. Xinhua Financial Network Ltd. purchased the news agencies of AFP Asian Finance in Hong Kong, Japan, South Korea, and Singapore and eight other Asian countries and regions, which expanded the coverage of Xinhua News Agency's international network.

In July 2006, Mergent, a subsidiary of Xinhua Finance, purchased the business of Praedea Solutions, Inc., a developer of enterprise software for automated data extraction.

In June 2007, XFN announced it had agreed to sell seven of its Asia-Pacific news bureaus in in Tokyo, Manila, Jakarta, Kuala Lumpur, Singapore, Sydney and Seoul to Thomson Financial, part of Canadian publisher Thomson Corp., in order to focus on the greater China region^[1]. XFN stated they would retain their operations in Beijing, Shanghai, Hong Kong and Taipei, while news operations of Xinhua Finance's other subsidiaries, including Market News International and Stone & McCarthy Research Associates would also not change. Financial terms were not disclosed.