CITIC Press Group explained

CITIC Press Group
Type:	State-owned enterprise
Foundation:	2008
Location:	Beijing, China
Industry:	Publishing
Parent:	CITIC Group

CITIC Press Group, formerly CITIC Publishing Group, is a publishing company founded in 1988 based in Beijing, China. The publisher is a subsidiary of the state-owned CITIC Group.^[1] They engage in digital and physical book retail and provide professional education.

History

The company was established in 1988 as China CITIC Press.

In 2001, Wang Bin was hired to run the publishing house.^[2]

It was reorganized to CITIC Publishing Group in 2008, and renamed back to CITIC Press in 2013.^{[3] [4]}

Since 2010, the CITIC Press Group has been developing a network of bookstores in major airports and other important buildings in China. By December 2015, the company owned 132 bookstores, and announced its plan to open of a 1,000 more the following year.^[5]

In January 2017, the company announced the launch of its content product aggregation platform Citic Academy.^[6] In September 2017, the CITIC Press Group signed a deal with Japan's Culture Convenience Club to create a joint cultural content distribution platform.

Notes and References

1. Web site: Citic Press Corporation: Private Company Information - Bloomberg. www.bloomberg.com. 2018-06-16.
2. Web site: Wang Bin of China CITIC Press: If It Does Not Evolve, Traditional Publishing Has No Future. Upenn.edu. 23 June 2010. 27 January 2019.
3. Web site: http://media.people.com.cn/n/2012/0724/c346290-18586284.html . zh:出版企业跨越式发展战略探析. People's Daily Online. July 24, 2012. January 24, 2013. Chinese.
4. Web site: About CITIC Press Group - 中信出版集团. press.citic. 2018-06-16.
5. Web site: CITIC Press bets on Web to fuel its future growth. Chinadaily.com. 17 December 2015. Zhu Wenqian. 27 January 2019.
6. Web site: Citic publishing house shi hongjun three or five years of publishing industry will not change will be destroyed citic publishing house shi hongjun three or five years of publishing industry will not change will die. Gate-of-china.com. 13 January 2017. 27 January 2019. https://web.archive.org/web/20190127152657/http://www.gate-of-china.com/article/201701/citic-publishing-house-shi-hongjun-three-or-five-years-of-publishing-industry-will-not-change-will-be-destroyed-citic-publishing-house-shi-hongjun-three-or-five-years-of-publishing-industry-will-not-c.html. 27 January 2019. dead.