User:Kzjlee/sandbox

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SCMP Group
Company typePublic
SEHK: 282
IndustryMedia
Founded1903
HeadquartersHong Kong
Key people
Dr. David J. Pang, Chairman
Robin Hu, Chief Executive Officer
Wang Xiang Wei, Editor-in-Chief
RevenueHK$1.02 billion
Number of employees
1,000
ParentKerry Group
Websitehttp://scmpgroup.com

The SCMP Group (South China Morning Post) (SEHK: 583) is a leading newspaper and magazine publishing group in Hong Kong.[1] Its flagship publication, South China Morning Post, is Hong Kong's world renowned English language newspaper and has the city's majority readership with a circulation of 107,426.[2] It is also the city's only English paid subscription based paper. The SCMP group has received 64 awards in 2012 for editorial, marketing and technical excellence.[3] The group also publishes a variety of other titles including:

  • South China Morning Post - a daily English-language newspaper in Hong Kong
  • Classified Post
  • Hong Kong edition of Cosmopolitan
  • CosmoGirl - fashion magazine
  • Harpar's Bazaar - lifestyle magazine
  • Luxehomes - luxury properties magazine
  • Automobile -luxury automobiles magazine
  • Jiu Jik -Hong Kong job market magazine
  • Posties -newspaper directed at primary school children


SCMP's other ventures include running Dymocks, one of the largest English language bookshops in Hong Kong. It also ran a chain of convenience stores, Daily Stop, at MTR and KCR stations, and shopping malls, before selling it to 7-Eleven.[4]


History[edit]

In 1903, SCMP Group Limited was founded.[5] First issue of SCMP was printed on November 6.

In November 1971, it was listed on the Hong Kong Stock Exchange. It was privatised by Rupert Murdoch's News Corporation in 1987, and relisted in 1990.

In October 1993, Robert Kuok's Kerry Group acquired a 34.9% stake in the SCMP Group from Murdoch's News Corporation. His son, Kuok Khoon Ean, took over as chairman at the end of 1997.

In 1996, SCMP Group acquired TVE (Holdings) Ltd, thus expanding the Group’s business to include entertainment, recreation and leisure services, production of commercial films and property investment. Additionally, it launched the South China Morning Post on the Web in December.[6]

As of December 2011, its subsidiaries included Coastline International Limited, Lyton Investment Limited, Mai Xin Advertising Communications (Beijing) Co., Ltd., Recruitment Consulting Networks Limited, SCMP Magazines Publishing (HK).[7]

In 2012, Wang Xiangwei, 16 year veteran editor of South China Morning post is promoted to Editor-in-chief on 31st January 2012, with Kenneth Howe and Tammy Tam as his appointed deputies. [8]

Award Programs[edit]

The SCMP group also hosts a variety of award programs to celebrate achievements, build connections and increase brand awareness in Hong Kong. These include:

  • Hong Kong Business Person of the Year
  • Fund Manager of the Year
  • Financial Planner of the Year
  • Student of the Year
  • Style Awards

Corporate Social Responsibility[edit]

SCMP is also known for its CSR work in Hong Kong, most notably for Operation Santa Claus, an annual charity event. This event has taken place annually since 1988, raising HK$101,000 to a new record high of HK$18.8 million in 2012.[9] Its beneficiaries include the Children's Heart Foundation, Hans Andersen Club, Kids4Kids, Playright Children's Play Association, Teach Unlimited Foundation, Christian Action, Christian Family Service Centre, Operation Dawn,Foodlink Foundation, World Wide Fund for Nature Hong Kong, Helping Hand,Hong Kong Red Cross Hospital Schools, The Joshua Hellmann Foundation for Orphan Disease, Lions Kidney Educational and Research Foundation, Little Life Warrior Society, Operation Smile - China Medical Mission, The Society for AIDS Care and Families of SMA Charitable Trust.

In 2003, when Hong Kong was hit by the SARS pandemic, SCMP launched a campaigned called "Project Shield" to raise HK$21 million for the Hospital Authority to purchase medical equipment and masks for Hong Kong's medical staff. SCMP was later awarded a "Star of Life" from the Hospital Authority in recognition and appreciation of this campaign.[10]

References[edit]

  1. ^ "583 Profile & Executives - SCMP Group Ltd - Bloomberg". bloomberg.com. Retrieved 18 October 2012.
  2. ^ Yu, Sophie (26 March 2013). "Magazines help boost revenue at SCMP Group past HK$1b". SCMP. Retrieved 3 April 2013.
  3. ^ "SCMP Group Announces 8% Increase in Revenue, Exceeding HK$1Billion for First Time Since 2008". Marketwire. Retrieved 3 April 2013.
  4. ^ "SCMP Milestones". SCMP. Retrieved 3 April 2013.
  5. ^ "SCMP GROUP LTD (583:Hong Kong): Company Description - Businessweek". investing.businessweek.com. Retrieved 18 October 2012.
  6. ^ "SCMP Milestones". SCMP Group. Retrieved 3 April 2013.
  7. ^ "SCMP Group Ltd (0583.HK) Company Profile | Reuters.com". reuters.com. Retrieved 16 November 2012.
  8. ^ "South China Morning Post (SCMP) Appoints Veteran Wang Xiangwei as New Editor-in-Chief". Yahoo Finance. 31 Jan 2012. Retrieved 3 April 2013.
  9. ^ "Operation Santa Claus". OSC SCMP. Retrieved 4 April 2013.
  10. ^ "Giving Something Back". SCMP. Retrieved 4 April 2013.

See also[edit]

External Links[edit]

SCMP Group


Category:Kerry Group Category:Companies listed on the Hong Kong Stock Exchange Category:Publishing companies of Hong Kong Category:Magazine publishing companies of Hong Kong Category:Newspaper companies of Hong Kong Category:Former companies in the Hang Seng Index


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