China Digest: COL to sell subsidiary; TMF acquires Ecovis Beijing

China Digest: COL to sell subsidiary; TMF acquires Ecovis Beijing

Commercial buildings including the China Central Television (CCTV) Headquarters, center, stand in the central business district of Beijing. Photographer: Tomohiro Ohsumi/Bloomberg

Digital publisher COL Digital Publishing Group is close to selling its subsidiary Shanghai MorningTec Information Technology to Ganggang E-Commerce Shanghai. Meanwhile, TMF Group, a global business administration service provider, has acquired consulting firm Ecovis R&G Consulting Ltd (Ecovis Beijing) to boost new opportunities between Germany and China.