Yicai Media Group

Yicai Media Group
Founded	2003
Headquarters	Shanghai, China
Owner	Shanghai Media Group
Key people	Li Rong (CEO)
Industry	Mass media

Yicai Media Group (Chinese: 第一财经), 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 Liang Xiangyi eye-rolling incident [zh].

References

↑ Sweney, Mark; Davidson, Helen (2021-03-16). "China tells Alibaba to sell off media assets in tech crackdown". The Guardian. ISSN 0261-3077. Retrieved 2026-09-03.
↑ Yang, Jing (2021-09-24). "Alibaba, Under Beijing Pressure, Moves to Sell Stake in State-Owned Broadcaster". The Wall Street Journal. ISSN 0099-9660. Retrieved 2026-09-03.
↑ "第一财经李蓉：信息智能服务是媒体转型的第三增长曲线" [Li Rong (Yicai): Intelligent information services represent the third growth curve for media transformation]. People's Daily (in Chinese). 2021-04-29. Archived from the original on 2025-05-23. Retrieved 2026-09-01.
1 2 3 4 "关于我们_第" [About us]. Yicai Media Group (in Chinese). Archived from the original on 2026-09-01. Retrieved 2026-09-01.
↑ "China Business Network targets newspaper sales after TV launch". South China Morning Post. 2008-04-10. Retrieved 2026-09-01.
↑ Wong, Gillian; Gu, Wei (2015-06-03). "Alibaba to Invest in China Business News". The Wall Street Journal. ISSN 0099-9660. Archived from the original on 2025-08-26. Retrieved 2026-09-03.
↑ Zhang, Shu; Carsten, Paul (3 June 2015). "Alibaba to invest in China Business Network to expand finance services: China media". Reuters. Archived from the original on 3 January 2016. Retrieved 23 February 2016.
↑ Oster, Shai (4 June 2015). "Alibaba Expands into Financial News With China Media Investment". Bloomberg News. Archived from the original on 3 March 2016. Retrieved 23 February 2016.
↑ "Pompeo says U.S. designates six more Chinese media firms as foreign missions". Reuters. 2020-10-21. Archived from the original on 2021-01-09. Retrieved 2020-10-21.
↑ "Designation of Additional PRC Propaganda Outlets as Foreign Missions". United States Department of State. Archived from the original on 21 October 2020. Retrieved 21 October 2020.
↑ Ming, Cheang (2017-06-12). "Netizens say one of the Chinese cities just upgraded to 'first-tier' doesn't deserve the label". CNBC. Archived from the original on 2025-11-15. Retrieved 2026-09-01.
↑ Phillips, Tom (2018-03-14). "Chinese reporter's spectacular eye-roll sparks viral memes and censorship". The Guardian. ISSN 0261-3077. Retrieved 2026-09-03.

External links

Official website

[x887-1] Sweney, Mark; Davidson, Helen (2021-03-16). "China tells Alibaba to sell off media assets in tech crackdown". The Guardian. ISSN 0261-3077. Retrieved 2026-09-03.

[c101-2] Yang, Jing (2021-09-24). "Alibaba, Under Beijing Pressure, Moves to Sell Stake in State-Owned Broadcaster". The Wall Street Journal. ISSN 0099-9660. Retrieved 2026-09-03.

[w890-3] "第一财经李蓉：信息智能服务是媒体转型的第三增长曲线" [Li Rong (Yicai): Intelligent information services represent the third growth curve for media transformation]. People's Daily (in Chinese). 2021-04-29. Archived from the original on 2025-05-23. Retrieved 2026-09-01.

[d690-4] 1 2 3 4 "关于我们_第" [About us]. Yicai Media Group (in Chinese). Archived from the original on 2026-09-01. Retrieved 2026-09-01.

[h770-5] "China Business Network targets newspaper sales after TV launch". South China Morning Post. 2008-04-10. Retrieved 2026-09-01.

[6] Wong, Gillian; Gu, Wei (2015-06-03). "Alibaba to Invest in China Business News". The Wall Street Journal. ISSN 0099-9660. Archived from the original on 2025-08-26. Retrieved 2026-09-03.

[7] Zhang, Shu; Carsten, Paul (3 June 2015). "Alibaba to invest in China Business Network to expand finance services: China media". Reuters. Archived from the original on 3 January 2016. Retrieved 23 February 2016.

[8] Oster, Shai (4 June 2015). "Alibaba Expands into Financial News With China Media Investment". Bloomberg News. Archived from the original on 3 March 2016. Retrieved 23 February 2016.

[9] "Pompeo says U.S. designates six more Chinese media firms as foreign missions". Reuters. 2020-10-21. Archived from the original on 2021-01-09. Retrieved 2020-10-21.

[10] "Designation of Additional PRC Propaganda Outlets as Foreign Missions". United States Department of State. Archived from the original on 21 October 2020. Retrieved 21 October 2020.

[j777-11] Ming, Cheang (2017-06-12). "Netizens say one of the Chinese cities just upgraded to 'first-tier' doesn't deserve the label". CNBC. Archived from the original on 2025-11-15. Retrieved 2026-09-01.

[b877-12] Phillips, Tom (2018-03-14). "Chinese reporter's spectacular eye-roll sparks viral memes and censorship". The Guardian. ISSN 0261-3077. Retrieved 2026-09-03.