Daniel Peterson
Long only, event-driven, tech

Phoenix New Media: China's Most Undervalued Internet Stock

Company Background

Yahoo Finance describes Phoenix New Media (NYSE:FENG), also called "the Company," as such:

"The Web and mobile content provider was spun off from Hong Kong-listed TV broadcaster Phoenix Satellite Television in 2011. Phoenix New Media offers its parent's programming, as well as online news, games, videos, and user-generated content. It distributes such content through its popular portal, Ifeng.com, and on mobile devices from China Mobile, China Unicom, and China Telecom. In addition, Phoenix New Media produces its own content for the Web and for its parent's TV channels."

While Phoenix New Media is unknown to most Americans, it has a larger user base than many widely recognized companies, as shown by the Alexa ranking comparison below....

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