Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide

Key Highlights :

1. Credit Suisse is selling its China securities brokerage business due to the Swiss bank's takeover by rival UBS.

2. Citi is setting up a securities brokerage in China and had hoped to fast-track development via an acquisition but decided to stick to its original plan to grow the business organically.

3. The potential deal value for the business could not be immediately learned.

     The world of news media has seen a massive shift in recent years, with the rise of digital media platforms and mobile services. As such, it is no surprise that the WAN-IFRA Digital Media Awards Worldwide has become one of the most prestigious awards in the industry. The award recognizes excellence in news websites and mobile services, and this year, the competition is fierce.

     This year, the award is being contested by several leading news websites and mobile services, including Credit Suisse and a joint venture partner who are seeking buyers for their China securities brokerage business due to the Swiss bank's takeover by rival UBS. Citigroup had at one point shown interest in acquiring Credit Suisse Securities China (CSS), but decided to stick to its original plan to grow the business organically.

     CSS was established in 2008 in Beijing with Credit Suisse initially owning 33.3 per cent before raising its stake to 51 per cent in 2020. In addition to brokering, it is licenced to conduct underwriting, sponsoring, proprietary trading and to act as an investment consultancy. It booked a net loss of 254 million yuan ($36 million) in 2022 and had headcount of 234 at the end of last year, according to its annual report.

     The WAN-IFRA Digital Media Awards Worldwide is a great opportunity for news websites and mobile services to showcase their achievements and gain recognition from their peers. These awards recognize excellence in digital media, and the competition is open to all news websites and mobile services worldwide.

     The judging panel for the awards consists of industry experts from around the world, and the awards are judged on a variety of criteria, including innovation, design, user experience, content quality, and more.

     The winners of the WAN-IFRA Digital Media Awards Worldwide will be announced at the end of April. The awards are a great way for news websites and mobile services to gain recognition for their hard work and dedication to providing quality news and information.

     So, if you are a news website or mobile service, make sure to enter the WAN-IFRA Digital Media Awards Worldwide and show the world why you are the best in the business. Good luck!

Continue Reading at Source : channelnewsasia