Eastday.com’s profit surged more than 10-fold last year, while its revenue rose 224 per cent. Photo: Handout Eastday.com’s profit surged more than 10-fold last year, while its revenue rose 224 per cent. Photo: Handout
Eastday.com’s profit surged more than 10-fold last year, while its revenue rose 224 per cent. Photo: Handout

China economy

Business /  Companies

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

Topic |   China economy
Daniel Ren
Daniel Ren in Shanghai

Updated: 10:00am, 30 May, 2020

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Eastday.com’s profit surged more than 10-fold last year, while its revenue rose 224 per cent. Photo: Handout Eastday.com’s profit surged more than 10-fold last year, while its revenue rose 224 per cent. Photo: Handout
Eastday.com’s profit surged more than 10-fold last year, while its revenue rose 224 per cent. Photo: Handout
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