China

Phoenix New Media, the New York-listed Chinese internet company behind ifeng.com and the ifeng News and ifeng Video apps, reported a tiny attributable net profit of RMB 0.336 million in 2025 (about US$48,000) after losses of RMB 53.6 million in 2024 and RMB 102.5 million in 2023. Total revenue grew 8.8%, but the improvement did…