China Oceanwide completed the acquisition of a 90% stake in IDG.

China Oceanwide, a Chinese publicly traded conglomerate, completed the acquisition of a 90% stake in International Data Group, a provider of market research and insights. Financial terms were not disclosed. "IDG's strong global brand and profile make for an attractive strategic investment for us. We plan to support IDG's current management team as they implement their business plans, providing them with the autonomy, financial support and commercial resources that can support IDG's growth and expansion and further enhance its leading position in the market," Zhiqiang Lu, China Oceanwide Chairman.