Phoenix New Media Limited (NYSE:FENG) was founded in 2007 and is a subsidiary of Phoenix Satellite Television (BVI) Holding Limited, headquartered in Beijing, China, with 1,969 full-time employees. It is a company that spans networks, mobile phones and TV The content provider of the channel.
Phoenix New Media (FENG):
Phoenix New Media is a cross-platform online new media company, with its comprehensive portal Phoenix (www.ifeng.com), Mobile Phoenix (3g.ifeng.com) and Phoenix Video (v.ifeng.com) on three platforms.
Phoenix New Media is the network dissemination channel of the controlling shareholder Phoenix Satellite TV’s TV content. There are also content produced by many media organizations, user-generated content, and self-produced content, which are transmitted back to Phoenix Satellite TV’s TV platform to form an innovative network station. Linkage combined communication mode to provide content and services for Internet, mobile phone and TV users.
The controlling shareholder Phoenix Satellite TV holds 64.84% of the total share capital. Phoenix Satellite TV is a Chinese-language TV station headquartered in Hong Kong. It started broadcasting in 1996 and listed on the Hong Kong Stock Exchange in 2000. In 2006, China Mobile purchased 19.9% of Phoenix Satellite TV and became the No. The second largest shareholder.
On May 12, 2011, Phoenix New Media landed on the New York Stock Exchange, issued 12.77 million ADSs at a price of US$11, and raised US$140 million. 1ADS=8 ordinary shares. Morgan Stanley , Macquarie Capital and Deutsche Bank are the lead underwriters.