Lixing Lu

Shanghai Media Group

Shanghai Media Group or SMG is one of China's largest media and cultural conglomerates, with the most complete portfolio of media and related businesses. The Oriental Pearl Media Company under SMG was the first cultural and media company in China to realize a market capitalization totaling more than 100 Bln RMB ($15 Bln) on the Shanghai Stock Exchange in 2015. By June of 2015, SMG has more than RMB 61 Bln ($10 Bln) in assets and about 17,200 employees. SMG's businesses span operations of radio and TV networks, signal transmission, newspapers and magazines, drama and film production and distribution, OTT and streaming, IPTV, online and console gaming, digital advertising, home shopping and e-commerce, financial data and information services, children's arts training, TV post-production services, live entertainment, tourism and cultural investments, etc. SMG has 15 cable and satellite TV networks, 13 radio frequencies, 15 subscription-based digital pay TV channels, 8 newspapers and magazines and transmits signals via airwaves, cables, satellite and IPTV. On the content side, SMG is a leading powerhouse in China in the production of TV and films, animation and documentaries. New media is a top priority for SMG. It is poised to set up a new media eco-system with the operation of mobile TV, OTT, web portals, apps and cloud services. SMG is also a strong player in live entertainment, owning 9 top art troupes, one circus school, 8 theaters, a number of live entertainment companies. In addition, SMG possesses some of the most famous landmark properties in Shanghai including the Oriental Pearl TV Tower, the Mercedes Benz Arena and the International Convention Center. SMG is also setting foot in cultural investments. It holds 20% of the shares of the Shanghai Disney Resort and has invested in a number of cultural investment funds including the China Media Capital, Shanghai Culture Industrial Investment Fund and the LDVP Venture Capital Fund.