|Post IPO Valuation|
|Description||Web information portal|
|Series A, 11/2009 |
Bertelsmann Asia Investment Fund
|Venture Round, 11/2009 |
Phoenix New Media (“PNM”) is a global leading new media company with an integrated platform consisting of Internet portals (www.ifeng.com), a mobile channel (3g.ifeng.com), and a video channel (v.ifeng.com).
An important Internet distribution channel for Phoenix TV’s premium content, PNM also sources the content from various professional media institutions as well as user-generated and in-house produced content. Through the provision of news and information, in-depth report, views, and comments, financial tools, interactive applications and community sharing through text, image, audio, and visual formats, PNM caters to the diversified and personalized users needs including news browsing, community interacting and sharing, entertainment, and wealth management of the mainstream community. In the meantime, PNM feeds a substantial amount of user generated content from the discussion forums, surveys, micro-blogs, and comment postings to Phoenix TV. This Internet-TV combined model enables Internet, mobile phone and TV users to consume rich and premium content any where any time.
PNM was founded in 1996. On November 9, 2009, it received $25M from Morningside Ventures, Intel Capital, and Bertelsmann Asia Investment Fund. On May 12, 2011, PNM was listed on NYSE. The total revenue of Phoenix New Media was $1.1 billion in 2012.