Fortune Magazine To Launch Asia Edition

Fortune, the United States-based business magazine, said on Friday it plans to launch an Asian edition in January. It said in a statement the magazine planned to open a new bureau in Singapore and beef up existing bureaus in Tokyo and Hong Kong. Our bolstered staff in the region will allow us to offer our Asian readers up to eight extra pages of locally relevant business information in each issue, deputy managing editor Rik Kirkland was quoted as saying. Fortune is published by Time Inc, a subsidiary of Time Warner Inc. The magazine's worldwide circulation rate base is 860,000 copies and its Asian circulation is over 61,000 copies, the statement said.