Does Anyone Else Think The People's Daily IPO Is Really Hilarious?

People's Daily

This is very funny to us.


The online news portal of Chinese government mouthpiece, the People’s Daily, has launched an initial public offering in Shanghai, aiming to raise about 527 million yuan ($83.6 million). Co Ltd will sell 69.1 million shares through the IPO, it said in its prospectus posted on the Shanghai stock exchange website late on Wednesday.

IPOing the government mouthpiece? Weird.

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