A monthly, Newsweek Select will be published in the mainland by SinoWorld Media, part-owned by Hong Kong media conglomerate Vertex Group.
Newsweek Pacific edition general manager Frank Proctor said Newsweek Select will target premium consumers and business decision-makers.
"We're going at the very top end and most of the circulation will be in Beijing, Shanghai and Guangzhou," he said. "We anticipate most of the advertising support will be from inside China."