Zhejiang Daily Press Group
Zhejiang Daily Press Group is a large Chinese newspaper and media conglomerate headquartered in Zhejiang Province, with operations spanning traditional publishing, digital media and several adjacent businesses.
Last updated October 9, 2026
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Overview
Zhejiang Daily Press Group (ZDPG) is a Chinese newspaper conglomerate established on June 25, 2000. Its principal publication is Zhejiang Daily, the official newspaper of the Zhejiang Provincial Committee of the Chinese Communist Party. The group combines a traditional newspaper-publishing base with a large digital-media network and a diversified portfolio of business activities. According to the supplied reference material, the organization comprises 33 traditional media outlets and more than 300 new-media platforms. Its stated audience footprint includes approximately five million traditional-media readers, more than 660 million registered users across its digital properties, over 50 million active users and about 30 million mobile users. These figures describe the scale claimed for the group and its platforms rather than a separately audited consumer subscription base. ZDPG operates through a broad corporate structure. The reference material describes 135 independent legal entities, including more than 60 wholly owned or controlled subsidiaries. In addition to newspapers and online media, its activities extend into capital operations, real estate, printing, logistics, high technology and logistics management. This makes the organization a diversified provincial media group rather than a single newspaper title. A significant structural development occurred in 2009, when ZJNG Media Holding Group was incorporated. The group's capital-markets profile expanded in September 2011, when Zhejiang Media Group Co., Ltd. became publicly listed on the Shanghai Stock Exchange under ticker 600633. The listing was described in the reference material as the first listing by a Chinese newspaper group and the first publicly traded state-owned cultural enterprise in Zhejiang Province. The listed company is associated with the group's media and investment activities, although the supplied materials do not establish that ZDPG itself is a separately listed legal entity. The group subsequently pursued acquisitions and infrastructure investment. In January 2013, Zhejiang Media Group acquired the entire equity interests of Hangzhou Bianfeng and Shanghai Haofang for RMB 3.19 billion. In 2016, it raised RMB 2 billion through a fixed-price financing arrangement to support an Internet data center and a large data-trading-center project. In 2017, ZDPG transferred its news and media assets to its controlling shareholder, ZJMG Holdings, in a transaction reported at RMB 2 billion. This indicates a period of portfolio restructuring and separation between operating media assets and the listed or holding-company structure. The group was ranked second among China's national newspaper publishing groups in a 2016 ranking cited by the reference material, behind Shanghai United Media Group. By 2018, it had risen to the top position in that ranking. Its positioning therefore combines the public-service and political role of a provincial party newspaper with commercial media, digital-platform development and investment in supporting technology and infrastructure. Current details about management, ownership, financial performance and official web properties are not established by the supplied sources.
History
Zhejiang Daily Press Group was formed on June 25, 2000 as a newspaper conglomerate in China's Zhejiang Province. Its central publishing asset is Zhejiang Daily, the official organ of the Zhejiang Provincial Committee of the Chinese Communist Party. The group therefore combines the institutional role of a provincial party newspaper with the broader functions of a modern media holding company. The organization later developed a wider corporate structure. ZJNG Media Holding Group was incorporated in 2009. By the period covered in the supplied reference material, ZDPG had expanded beyond its traditional newspaper base to include 33 traditional media outlets and more than 300 new-media platforms. It was also described as encompassing 135 independent legal entities, including more than 60 wholly owned or controlled subsidiaries. Its activities included media, capital operations, real estate, printing, logistics, high technology and logistics management. The group's transformation was closely connected to the capital-markets development of Zhejiang Media Group Co., Ltd. In September 2011, that company was listed on the Shanghai Stock Exchange as 600633. The listing was characterized as the first public listing by a Chinese newspaper group and the first publicly traded state-owned cultural enterprise in Zhejiang Province. The supplied materials do not provide enough information to determine the precise legal relationship between every group entity and the listed company. Expansion continued through acquisitions and technology investment. In January 2013, Zhejiang Media Group acquired all equity interests in Hangzhou Bianfeng and Shanghai Haofang for RMB 3.19 billion. In 2016, it raised RMB 2 billion through a fixed-price financing scheme for an Internet data center and a large data-trading-center project. These steps reflected an effort to extend the group's capabilities into internet services, data infrastructure and digital business models. In 2017, the group transferred its news and media assets to its controlling shareholder, ZJMG Holdings, in a transaction reported at RMB 2 billion. The divestiture represented a major portfolio and organizational adjustment, separating the news and media assets from parts of the wider holding-company and listed-company structure. The supplied material does not describe the later legal or operating consequences in detail. The group's scale was reflected in rankings of Chinese newspaper publishers. It placed second nationally in a 2016 ranking, behind Shanghai United Media Group, and was reported to have reached first place by 2018. Its stated digital footprint included approximately 660 million registered users, more than 50 million active users and around 30 million mobile users, alongside approximately five million readers of traditional media. These figures illustrate the intended scale of its integrated media model, although the source does not provide methodology or audit details. Zhejiang Daily Press Group is consequently best understood as a diversified Chinese provincial media conglomerate. Its identity rests on Zhejiang Daily and a network of print and digital outlets, while its corporate scope includes technology, printing, logistics, investment and other supporting businesses. Information about its current executives, exact headquarters, present ownership arrangements, official website and current operating status is not established in the supplied reference material.
- 2018
Reported national ranking leadership
[1]The group was reported to have become the leading organization in a national ranking of newspaper publishing groups.
- 2017
Media-asset divestiture
[1]News and media assets were transferred to controlling shareholder ZJMG Holdings in a reported RMB 2 billion transaction.
- 2016
Data infrastructure financing
[1]The group raised RMB 2 billion for an Internet data center and a large data-trading-center project.
- 2013
Digital-platform acquisitions
[1]Zhejiang Media Group acquired Hangzhou Bianfeng and Shanghai Haofang for RMB 3.19 billion.
- 2011
Associated listed company established a public-market presence
[1]Zhejiang Media Group Co., Ltd. was listed on the Shanghai Stock Exchange under ticker 600633.
- 2009
Holding company incorporated
[1]ZJNG Media Holding Group was incorporated.
- 2000
Group established
[1]Zhejiang Daily Press Group was established on June 25, 2000.
Products and positioning
A provincial Chinese newspaper and integrated media conglomerate combining official party-newspaper publishing, digital media platforms, media infrastructure and diversified investment activities.
Newspaper
Zhejiang Daily
Zhejiang Daily is the group's flagship newspaper and the official organ of the Zhejiang Provincial Committee of the Chinese Communist Party. It provides the core institutional identity for the group and anchors its wider portfolio of traditional and digital media activities.
Newspaper and periodical publishing
Traditional media network
The group is described as operating 33 traditional media outlets. The supplied material does not identify all titles, but this network forms the print and established-media component of the conglomerate.
Digital media
New-media platform network
ZDPG is described as operating more than 300 new-media platforms, including digital and mobile-oriented services. The reference material gives aggregate user figures but does not provide a complete platform list or individual product descriptions.
Brand decisions
2017
Transfer of news and media assetsStrategyBackground
The group's organizational and asset structure was reorganized around its controlling shareholder.
Action taken
Zhejiang Daily Press Group divested its news and media assets to ZJMG Holdings.
Aftermath
The transfer reshaped the relationship between the operating media assets and the holding-company structure; further details are not supplied.
Reported transaction value. RMB 2 billion (2017)
2016
Investment in data infrastructureStrategyBackground
The group sought to develop internet and data-related capabilities alongside its media operations.
Action taken
It raised RMB 2 billion through a fixed-price scheme for an Internet data center and a large data-trading-center project.
Aftermath
The supplied material does not report completion, operating performance or subsequent returns from the projects.
Capital raised. RMB 2 billion (2016)
2013
Acquisition of Hangzhou Bianfeng and Shanghai HaofangM&ABackground
The group's associated listed media company pursued expansion into internet and digital businesses.
Action taken
Zhejiang Media Group acquired the full equity interests of Hangzhou Bianfeng and Shanghai Haofang for RMB 3.19 billion.
Aftermath
The transaction broadened the group's digital and platform-related business scope; later operating outcomes are not detailed in the supplied source.
Acquisition consideration. RMB 3.19 billion (January 2013)
Sources1 sources
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