Yicai Media Group (), also known as China Business Network (CBN), is a Chinese financial media company and subsidiary of the state-affiliated Shanghai Media Group. It is considered one of the most influential business media outlets in China. The current CEO is Li Rong.
History Yicai Media Group was founded in 2003 by incorporating Shanghai Television Finance Channel and Shanghai Oriental Radio Finance Channel.
In 2015, Alibaba Group paid 1.2 billion yuan ($193.5 million) to Shanghai Media Group for 30% of Yicai Media Group's stocks.
In 2016, Yicai Media Group launched a subsidiary targeting international audiences, Yicai Global. In October 2020, the United States Department of State designated Yicai Global as a foreign mission of the Chinese government alongside other Chinese state media.
Subsidiaries Yicai Media Group comprises the following subsidiaries:
Television and radio Yicai Television Yicai Radio Oriental Finance Pudong Channel
Publications Yicai Daily (China Business News) YiMagazine (formerly Yicai Weekly)
International Yicai Global
Yicai Media Group also includes the Yicai news website and app, and four research institutions.
Content Yicai Media Group's Rising Lab research institution publishes a widely read tier list of Chinese cities for commercial appeal.
Notable journalists Liang Xiangyi, the reporter in the 2018 .
See also
List of newspapers in China
References
External links