May 12, 2021

KITAAB

Connecting Asian writers with global readers

Chinese publisher acquires U.S. company’s children’s book business

1 min read

Chinese publisher Phoenix Media on Wednesday confirmed the 80-million-U.S.-dollar acquisition of the children’s book business of U.S. publisher Publications International, LTD (PIL).

Phoenix Media is a wholly owned subsidiary of Jiangsu Phoenix Publishing Co., based in Nanjing, capital of east China’s Jiangsu Province.  

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