- Business
- Chinese Universe Publishing and Media Group Co., Ltd. (600373.SS) is a China-based publishing and media company principally engaged in traditional publishing, industrial chain extension services, and new format businesses. The company offers editing, printing, publishing, and distribution of books, newspapers, periodicals, electronic publications, audio-visual materials, and digital products; general books, teaching materials, supplementary materials, textbooks, and teaching assistant materials; domestic and foreign trade, supply chain services, modern logistics, Internet of Things technology applications, printing, packaging, and material supply; new media, online education, online gaming, digital publishing, film and television production, artwork management, cultural complexes, advertising, brand building, public relations, and investment and financing services. It operates primarily in China, with a focus on Jiangxi Province and other regions, targeting educational institutions, consumers, and media sectors. Founded in 1993 and headquartered in Nanchang, Jiangxi Province, the company functions as a subsidiary of Jiangxi Publishing Group Co., Ltd. In recent developments, it completed the acquisition of specified assets through issuing shares and paying cash in October 2024, including an earnings commitment agreement with Jiangxi Publishing Media Group; agreed to acquire a 58% stake in Beijing Longwise Communications and Digital Tech Inc. using its own funds, with approvals from the board, anti-trust authorities, and Beijing Municipal Administration for Market Regulation as of April 2024; issued two ultra-short-term commercial papers worth 1 billion yuan and invested idle funds totaling 9.5 billion yuan in wealth management products; a unit invested 30 million yuan in a partnership fund in 2025; and announced key operating data and Q3 2025 results amid subscription issuance influences.