[Summary] Advanced Unit in National Cultural System Reform
Phoenix Publishing & Media Group Co., Ltd. is headquartered in Nanjing and has ranked first in the overall economic scale and strength evaluation of the news and publishing industry for nine consecutive years. The group's main business areas include publishing, distribution, printing, film and television, cultural hotels, cultural real estate, financial investment, and art trading. In 2017, the group's operating revenue reached 17.55 billion yuan. The group controls two main board listed companies, Phoenix Media and Phoenix Shares, as well as two NEEQ-listed companies such as Xin Guang Lian. The group is the second largest shareholder of Nanjing Securities and one of the most important shareholders of Bank of Jiangsu. It has been selected as one of the "Top 30 National Cultural Enterprises" for ten consecutive sessions. In 2012, it was rated as an advanced unit in the national cultural system reform. The group's comprehensive publishing capability and growth of publishing capability are ranked first in the country. It owns 9 publishing houses and 1 metropolitan daily newspaper, of which 6 publishing units are national first-class publishing houses. Popular publishing ranks among the leading camp in the domestic publishing industry, and it is the second largest publisher of primary and secondary school textbooks in the country. The total number of major publishing awards won is among the top in the country. Digital publishing has been deployed on multiple fronts, forming scale and profit models, and initially realizing digital transformation. Subject resource network, Phoenix Cloud Campus, Phoenix Cloud Computing Center, Phoenix Vocational Education Virtual Training Platform, and Phoenix Legend Film Company are growing rapidly, forming a brand cluster. Currently, relying on the educational resource platform, it is vigorously building the Phoenix Smart Education Platform with "one cloud, multiple terminals". The group pioneered and builds cultural consumption complexes centered on the book industry. Four cultural MALLs in Suzhou, Jiangyan, and other places have officially opened, while the Zhenjiang Cultural MALL is under construction. The financial enterprises in which the group holds stakes or controls cover banking, securities, insurance, funds, financial leasing, guarantees, and finance companies. The group maintains cooperation with renowned publishing institutions in more than 30 countries and regions overseas, and has branches in the United Kingdom, the United States, Canada, Chile, Australia, Namibia, and Singapore. In 2014, it acquired International Publishing Company of the United States, completing the largest acquisition in China's publishing industry. The core goal of Phoenix Group is to build an innovative cultural leading enterprise, become an important strategic investor in the national cultural industry, and strive to become a strong global publishing and media enterprise.
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