WPP has invested an undisclosed amount in the Chinese media venture capital firm China Broadband Capital Partners, reports Telegraph. The fund is known for its investment into the MySpace China joint venture. Co-investors in the China Broadband fund include News Corp, and China Netcom, one of the country’s two major state-owned fixed-line operators. PCCW, the Hong Kong-based media group, is also an investor in the fund. The fund was founded by Edward Tian, the former head of China Netcom, so it is all very incestuous.

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