10.4 C
Hamburg
Sunday, June 8, 2025
Home Most Popular Wan Hai chairman made personal investment in online news platform

Wan Hai chairman made personal investment in online news platform

The Chen family which founded Taiwanese liner operator Wan Hai Lines has been revealed as having invested in Tai Sounds, a news website launched by compatriot third-party logistics company Asia Pacific Logistics International.

The move mirrors that of CMA CGM CEO Rudolphe Saade, who has taken a controlling stake in French newspaper La Provence and is part of a consortium to acquire a 48% stake in France’s largest commercial television station M6.

Tai Sounds was launched in September, after reportedly recruiting a number of experienced political and financial journalists. On 4 December, Taiwanese media disclosed that Wan Hai chairman Chen Po-ting had invested in Tai Sounds, in his personal capacity. Chen is said to have been assisted with the investment by Zuo Rong-tai, a former chairman of the ruling Democratic Progressive Party.

A spokesperson for Wan Hai told Container News that the company had not invested in Tai Sounds. However, Container News found that Asia Pacific Logistics International and Tai Sounds are listed as related parties in Wan Hai’s interim financial statements for the first six months of 2022.

Interest in online media has not been affected by the closure of Apple Daily Taiwan in September 2022, after the Chinese government’s crackdown on the Hong Kong-headquartered publisher, including arresting its founder, Jimmy Lai.

Particularly, with local elections in November, many online publications took the initiative to expand their teams to meet demand for political news.


Martina Li
Asia Correspondent





Latest Posts

Port of Long Beach appoints new managing director of engineering services

The Port of Long Beach has appointed Suzanne Plezia, P.E., as its new Managing Director of Engineering Services, succeeding Sean Gamette, P.E., who announced...

DP World and J.P. Morgan launch partnership

DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade...

Red Sea shipping traffic rebounds as Houthis limit targets

Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported. However, it still falls short...

CMA CGM applies new surcharge from Far East to West Africa

French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...

China to counterbalance Panama setback through South America projects

As geopolitical tensions deepen and shipping lanes become politicized battlegrounds, China is recalibrating its approach to the Western Hemisphere. The recent retreat of CK Hutchison...
error: Content is protected !!