Phoenix Media has established a new cultural and exhibition company in Jiangsu.

According to the Enterprise Check APP, recently, Jiangsu Fenghuang Cultural and Exhibition Co., Ltd. was established, with Liu Xiaoya as the legal representative and a registered capital of 20 million yuan. Its business scope includes: retail of publications; wholesale of publications; food sales; power generation business, power transmission business, power supply business, etc. Equity penetration analysis by Enterprise Check shows that the company is indirectly fully owned by Phoenix Media.