iFeng Video VP: Achieved Profitability Two Years Ago

Techweb, 10/11/12

Chen Zhihua, VP of Chinese wireless and TV new media company Phoenix New Media's (PNM) (NYSE: FENG) iFeng Video site (http://v.ifeng.com), said that the Phoenix TV (2008.HK) subsidiary's video site became profitable in 2010. Chen said that he didn't expect more than four or five Chinese online video companies to become profitable within the next one to two years.

Chen attributed iFeng Video's early profitability to its focus on the news video market, noting that rights and bandwidth costs for news videos are considerably cheaper than those for films and television series, with less cost pressure. News video is second only to entertainment among online video services, Chen said, and enjoys a vast market - leading to rapid growth in ad sales performance for iFeng Video.

Keywords: Chen Zhihua Internet online video iFeng Phoenix New Media Phoenix TV 2008.HK FENG

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