Xinhua_Sports_&_Entertainment
Xinhua Sports & Entertainment
Chinese media company
Xinhua Sports & Entertainment Limited (XSEL) was a Chinese media company which was delisted in 2011, as well as the arrest of top management of the firm. The company was known as Xinhua Finance Media Limited until 2009.
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In 2007 the state-owned enterprise Xinhua News Agency even declared that they have no relation with XSEL's parent company Xinhua Finance.[2]
In 2013 Fredy Bush, former CEO was jailed.[3]