Dow Jones/Hexun deal rumoured

Oooh, I think Rupert and Wendy will like this. Much better than MySpace in China.

China Digital Times reports that the rumour mill in Beijing is working overtime regarding a possible Dow Jones investment in SEEC Media's Hexun portal. An injection of the credibility associated with SEEC's Caijing magazine would do Dow Jones no end of good in China and, as the article's author suggests "would help DJ better vie with the likes of Reuters, the FT, Bloomberg and Xinhua Finance for the attention of brokers and investors in China at a time when they have loads of cash to unload but little in the way of good options or advice on where to put it".