(Yicai Global) Aug. 31 -- "Today, Yicai Global, the new English-language business news media service, developed by Yicai Media Group, a branded offshoot of Shanghai Media Group (SMG), China's leading financial media group, is officially launched," Ms. Wang Jianjun, president of SMG, said excitedly, delivering SMG's ambition to connect China and the world, by leveraging its cross-platform advantage.
As an important part of Yicai Media Group's globalization strategy, the launch of Yicai Global, the English-language news service of the group, represents Shanghai's strong ambition to lead the world's financial information services while building a global financial hub.
There to witness the inaugural launch of Yicai, a renowned and respected financial media outlet in China, were several high profile Chinese government ministers.
Mr. Dong Yunhu, member of the standing committee and head of the publicity department of Shanghai's municipal party committee, Ms. Liang Lihua, head of China's Cyberspace Administration's information service administration bureau and Mr. Zhu Yonglei, the deputy head of the publicity department of Shanghai's municipal party committee, all joined Yicai as it launched its challenge to world-class financial information outlets.
"The birth of every international financial center gives rise to one or two world-class financial media outlets," Mr. Dong said in his speech. "Financial information services are the core of building a financial hub. As a new world-class financial center, Shanghai must lead the world's financial information services. We pin our hopes on Yicai Global."
"We are glad to see that Yicai Global has adopted the world's leading new media tools since the first day of its testing and has teamed up with China's own high-tech companies to bring China's financial news to English readers in a prompt manner," Ms. Liang said in her speech. "We hope Yicai Global could maintain their advantage and 'decode China' for the western financial sector as your slogan says."
Mr. Tao Zhang, who has just been appointed as the Deputy Managing Director of the World Bank, gave a congratulatory speech in English, by video link, and said that he himself is an old friend and long-time reader of Yicai and that the launch of Yicai Global is timely.
He hoped Yicai could capitalize on their great chance to become a new player in the global financial media scene and become a cornerstone of the Chinese dream of this generation.
Yicai Global is the English-language new media service developed by Yicai Media Group. Yicai Media Group began worldwide testing of Yicai Global in Feb. 2016. On May 31, it announced its strategic cooperation with Cheetah Mobile [NYSE:CMCM], a Chinese high-tech company listed on New York Stock Exchange, pushing financial information to nearly 600 million English readers worldwide instantaneously. Yicai Global has now rolled out its second generation release platform and is in close, ongoing cooperation with world-class social media platforms, daily issuing around 450 English messages related to the Chinese capital markets globally.