Transformation for State-owned Shanghai Media into corporation

Shanghai Media & Entertainment Group has officially transformed itself from a State-owned administrative institution to a corporation and merged into a new media and entertainment conglomerate in partnership with Shanghai Media Group, one of its wholly owned subsidiaries.

News of the moves came in announcements released by its two listed companies on Sunday.

Established in 2001, Shanghai Media & Entertainment Group is a cultural and media company with major operations in television and film.