- Business
- Wasu Media Holding Co., Ltd. (000156.SZ) operates as a leading provider of cable television networks, broadband services, and new media content distribution in China. The company delivers interactive digital TV, mobile TV, Internet TV, Internet audio-visual programs, broadband network access, advertising, media information services, data services, video services, cloud services, video on demand, and telecommunication services to residential and institutional customers across more than 20 provinces. Founded in 1994 and headquartered in Hangzhou, Zhejiang Province at Huashu Digital TV Industrial Park, Wasu Media Holding functions primarily within the Cable Television Network, Broadband Network, and New Media segments, employing approximately 11,539 people and serving millions of subscribers through its extensive fiber-optic infrastructure as a listed subsidiary under Wasu Digital TV Media Group Co., Ltd.. Recent developments include the completion of industrial and commercial change registrations, a change in business scope approved at the 2025 second extraordinary general meeting, board elections and senior management appointments at the 12th board's first meeting, a strategic partnership with Zhejiang Commercial Bank for a co-branded credit card launched in November 2025 to empower digital media financing, and the announcement of a final cash dividend for 2024 payable on August 29, 2025. Earlier transactions involved a Changsha-based equity investment partnership agreeing to acquire a 29.44% stake and historical consolidations such as the 2020 acquisition of Ningbo Wasu Broadcasting Network Co., Ltd. and stakes in Zhejiang Wasu Broadcasting Network Co., Ltd., alongside ongoing expansions into 5G, AI-enhanced platforms, and international partnerships as of late 2023.