FT spokesperson Azmar Sukandar confirmed that the regional news title will launch a Chinese-language title, the first such magazine to be published and distributed in China by the FT.
Sukandar said: “We are currently finalising details, including a launch date,” confirming that the magazine will be called Rui.
In India, meanwhile, the FT’s parent company Pearson has extricated itself from its deal with the Business Standard by selling its 13.85% stake in the company to Infina Finance Private, an associate of the Kotak Mahindra Group. The Business Standard will continue to have access to FT content until the end of the year.
Pearson is expected to form a new joint venture with Network 18 to launch a business daily, although Sukandar declined comment on this.