Chinese tycoon Chen Guangbiao 'serious' about buying New York Times
Chen Guangbiao says he will pursue purchase of the paper and 'improve' its China coverage
A mainland tycoon says he is serious about buying and wants to work on "rebuilding its credibility and influence" by reforming its award-winning coverage of China.
Chen Guangbiao, listed as one of China's 400 richest people, penned an op-ed in the state-run newspaper yesterday headlined: "I intend to buy The New York Times, please don't take it as a joke".
"The tradition and style of make it very difficult to have objective coverage of China," Chen wrote. "If we could purchase it, its tone might turn around. Therefore I have been involved in discussing acquisition-related matters with like-minded investors."
has published several award-winning reports on China, including a 2012 investigation into the family wealth of then-premier Wen Jiabao that was awarded a Pulitzer Prize.
The paper's website has been blocked ever since on the mainland, the world's second-biggest economy, and several of its reporters have had difficulty obtaining visas. Chen added that if he succeeded he "will conduct some necessary reforms, the ultimate goal of which is to make the paper's reports more authentic and objective, thus rebuilding its credibility and influence".
Last week, Chen said at an event in Shenzhen that he planned to travel to the US "to go discuss the acquisition" of the paper, a remark that many dismissed as the wealthy entrepreneur's latest play for attention.
