Vice Keeps Going..This Time into China
While some media companies are scratching their heads trying to find ways to become profitable and cut costs, (usually by laying people off), Vice is doing the opposite: enjoying an estimated value of $1 billion (with $100 million in revenue) and looking to expand into China.
A recent Forbes story details the company’s rapid ascend and ambitious moves. What started out as a free magazine based in Montreal has transformed into a global media empire that chronicles hipster and youth culture, is headquartered in Brooklyn and employs 800 people in 34 countries.
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