Headquarters
China
Latest investment
Nov 22 2016
No. of Startups
2
Website
http://www.smg.cn
INDUSTRIES INVESTED
countries invested
funding size
Offices
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Founded
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Latest investment date
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Latest investment name
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No. of startups
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No of rounds
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No of Co investors
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Avg No of co-investors per round
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Offices
China
HQ address
298 Weihai Road, Shanghai, 200041, CHN
description
Shanghai Media Group under the Shanghai Media & Entertainment Group (SMEG), is a multimedia television and radio broadcasting, news and Internet company. The company employs around 5,200 people, with capital assets totalling RMB 11.7 billion.SMG’s core business is television broadcasting and related media entertainment services including sports, showbiz, performance arts, science and technology, and finance. Revenue from advertising accounts for 10% of the commercial sales turnover in the local market.HistoryFormed in 2001, SMG is the result of a merger between the People’s Radio Station of Shanghai, East Radio Shanghai, Shanghai Television Station, and Oriental Television Station. It has 11 analogue TV channels, 90 digital paid cable TV channels, an internet TV service, plus 10 analogue and 19 digital radio services. The group also operates and owns 5 sports centres and 14 cultural art centres. According to a survey of AC Nielsen, eleven of the group’s TV channels have achieved a market share of 76% during prime time in 2003.In 2003 the group conducted a feasibility study with a view to set up a new English channel. It renamed its Shanghai Broadcasting Network to Dragon TV and moved that channel's best-known English program "News at Ten" to Shanghai Television Business Channel and Dragon TV. In January 2008, the Group launch a 24-hour English TV news channel, (ICS - International Channel Shanghai), the second in China after the state-own China Central Television's English channel (CCTV-9). The content of ICS News is distributed on mobile and internet platforms by US Company China Animation Partners, LLC.English radio programming includes "Live It Up, Shanghai" broadcasts on the East Radio channel (792am and 89.9fm).

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