IRG Technology, Media and Telecoms Weekly China Market Review

HONG KONG, July 20, 2009 – (ACN Newswire) – The following is the China excerpt from IRG’s TMT Weekly Market Review July 13 – July 19. IRG is a financial advisory and investment firm focused on the core growth sectors in Asia with particular focus on the telecommunications, media and technology (TMT) sectors. Internet – China’s Ministry of Commerce (MOC) has not ruled against the proposed merger between Sina and Focus Media; documents for the merger have not yet been put on MOC records. Focus Media CEO Jason Jiang is “quite anxious” about the merger, and said recently that the…