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About Phoenix Publishing & Media Group

Updated: 2021-03-01

Phoenix Publishing & Media Group (PPMG) was founded in 1953 and is headquartered in Nanjing, Jiangsu province.

After years of development, the group's business has expanded to include publishing, distribution, printing, film and television, cultural hotels, cultural real estate, cultural trade, financial investment, and artwork management. In 2019, the group posted 18.8 billion yuan (about $2.79 billion) in operational revenue and 57 billion yuan (about $8.47 billion) in total assets. Its subsidiary Phoenix Publishing and Media Inc (PPM) ranked 11th in the 2020 "Global 50" Ranking of the Publishing Industry, the highest among domestic publishers.

The group has four listed companies under its umbrella – the two main-board companies of Phoenix Media and Phoenix Ltd and two new third-board companies. The group has 10 publishing houses and one daily city newspaper.

PPMG is a global leader in the mass publication industry and the second largest publisher of textbooks for primary and secondary schools in China. It ranks first in terms of the total number of national publishing awards it has received. Its digital platforms such as zxxk.com, Phoenix Cloud Campus, Phoenix Cloud Computing Center, and Phoenix Vocational Education Virtual Training Platform have been developing rapidly and have made the first steps toward digital transformation.

In terms of global operation, PPMG focuses on the publishing business by integrating content, channels, platforms, teams, and translation. With an optimized overseas layout and communication network, the group has achieved strong results in copyright export and cooperation. It has set up cooperative relationships with well-known publishing organizations from more than 60 countries and regions around the world. PPMG has opened overseas branches in the United States, the United Kingdom, Australia, Canada, Chile, Namibia, and Singapore.

PPMG maintains a relationship with international high-end institutes and authors. PPMG and the University of Birmingham jointly launched the Shakespeare Centre in China and the Centre for Research and Publication in the Social History of Medicine. The group also founded a Confucius Institute with Pontificia Universidad Católica de Chile and established a Sino-US publication research center with Pace University. The "Authors' Annual Meeting" hosted by PPMG has become an important gathering for authors, experts, translators, and sinologists from around the world.

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