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About Phoenix Publishing & Media Group

Updated: 2022-07-28

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 2021, the group posted 15.475 billion yuan (about $2.29 billion) in operating revenue and 64.416 billion yuan in total assets.

The group has three listed companies under its umbrella – the two main-board companies of Phoenix Media and Phoenix Ltd and one new third-board companies. The group has nine 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 Kingdom, the United States, Canada, Chile, Australia, and Namibia.

PPMG's development goal for the 14th Five-Year Plan period (2021-25) is to develop itself into a world-leading publishing and media enterprise with strong competitiveness in its main business, as well as strong cultural influence, strong international broadcasting capabilities, and overall competence. PPMG will also work to become the culture and financial investment holding platform of Jiangsu province.

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