Eastday.com’s profit surged more than 10-fold last year, while its revenue rose 224 per cent. Photo: Handout
China economy
Shanghai merges newspaper giant SUMG with Eastday web portal, eyes ‘leading position in media industry nationwide’
- SUMG is mainland China’s second-largest print media group, with assets worth about 60 billion yuan
- Eastday provides news, entertainment and travel information for Shanghai residents
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China economy
Eastday.com’s profit surged more than 10-fold last year, while its revenue rose 224 per cent. Photo: Handout