Financialisation of news in China in the age of the Internet: the case of Xinhuanet

Xin, Xin

doi:10.1177/0163443717745121

Cited by 22 publications

(18 citation statements)

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“…Under Hu Jintao's leadership, two documents issued in 2009 and 2011 1 set in motion the commercialization of state-owned news organization in pursuing the ambition to become a "global socialist cultural power" (Xin, 2017). In the quest to become a global socialist cultural power, publicly owned enterprises should become dominant and coexist with enterprises under other forms of ownership.…”

Section: Relationship With Its Parent Corporation People's Dailymentioning

confidence: 99%

What public and whose opinion? A study of Chinese online public opinion analysis

Jia

2019

Communication and the Public

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As a recently emerged information service on the Chinese Internet, online public opinion analysis (网络舆情分析) is a type of service to monitor, assess, and synthesize online public communication through automated software and trained individuals. This article provides an industry overview of the rise of online public opinion in China and examines the political economy of the People's Public Opinion Office. Second, this article looks at the marketing of the profession in news coverage, training materials, as well as published interviews with People's Public Opinion Office's managers and experts. Through a close reading of People's Public Opinion Office's published annual reports from 2007 to 2016 focusing on the issue of online rumor, this article delineates how the identification and prognostics of online rumor evolves with the State's anti-rumor campaign that aims to forestall or pacify collective action. In sum, this article sets to examine the professionalization and industrialization of online public opinion analysis as a part of the coevolutionary dynamics between the state and civil society in China. Using the government's anti-rumor campaign as an example, this article critically investigates the mediating role online public opinion analysis plays in the "sausage factory" of public opinion gauging and monitoring, which sets the basis upon which policymaking process is guided and justified.

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Section: Relationship With Its Parent Corporation People's Dailymentioning

confidence: 99%

What public and whose opinion? A study of Chinese online public opinion analysis

Jia

2019

Communication and the Public

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“…Globalisation and the intensification of competition has unleashed changes across different media sectors, the most unique creation being the 'national champions', which are state-owned enterprises operationalising huge economy of scale through conglomeration, merger and acquisition. The financialisation of national champions, such as Xinhuanet (Xin, 2017) and China Mobile (Wójcik & Camilleri, 2015) exemplifies the pragmatic approach that Chinese government takes to media reform, which is to absorb private capital and western know-how whilst maintaining a firm grip on ownership and political control (Huang, 2007). As Michael Curtin writes: 'the media revolution that has swept across Asia since the 1990s is often characterised as a technologically driven phenomenon.…”

Section: Globalisation and Media In Chinamentioning

confidence: 99%

Going Public and Going Global: Chinese Internet Companies and Global Finance Networks

Jia

2018

Westminster Papers in Communication and Culture

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This paper examines an often-overlooked yet significant dimension in the globalisation of Chinese internet companies and their tight relationships with global financial institutions and networks. Since the early 2000s, waves of Chinese internet companies have gone public. What this means is that internet companies in China are increasingly relying on and competing in the global capital market to fund their rampant expansion.This paper analyses the role of finance institutions and networks in the globalisation of nine Chinese internet companies from three vantage points; firstly, these companies' use of investment banks as underwriters for IPOs; secondly, their carefully designed ownership structures, including offshore holdings and Variable Interest Entities (VIE) structure; and lastly the ascending power of financial institutions in the ownership and management of these internet companies. By examining the role finance networks and institutions played in the globalisation of Chinese internet companies, this paper unveils the capitalist logic and shifting power relations at play in the political economy of the Chinese internet.

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“…For a leading central news organization like Xinhua, the effort to make news coverage more popular online is not only a response to business and journalistic incentives but also a political task, in the context of China's hegemonic battle for winning "hearts and minds," both at home and abroad (Xin, 2017;Zhao, 2013). In particular, the CPC is concerned that it may lose the attention of younger generations in the new digital environment unless messages about the party and from the party are delivered in styles that are more appealing to them (Xin, 2017). There is thus a sense of urgency and necessity behind the adoption of more popular styles and forms by outlets practicing China's traditional party journalism.…”

Section: The Relevance Of Popular Journalism In the Chinese Contextmentioning

confidence: 99%

“…This is particularly true when Chinese Internet users are increasingly turning to sources other than Xinhua and similar state-owned media outlets, for news and information. This is worrying not only for Xinhua and other central media organizations, but also for the Communist Party of China (CPC)-the country's ruling party since 1949 (Xin, 2017;Zhao, 2013). It is worth noting that the CPC's revolutionary ideology used to be rather effective in motivating journalists and cultural workers to make their symbolic work well-liked by the masses when the party was based in Yan'an and other rural areas which it controlled in the 1940s (Liu, 1997;Xin, 2012;Zhao, 1998).…”

Section: Introductionmentioning

confidence: 99%

“…It is worth noting that the CPC's revolutionary ideology used to be rather effective in motivating journalists and cultural workers to make their symbolic work well-liked by the masses when the party was based in Yan'an and other rural areas which it controlled in the 1940s (Liu, 1997;Xin, 2012;Zhao, 1998). Nowadays, however, it is becoming increasingly difficult for the party-controlled media, such as Xinhua, to gain the same degree of popularity, either online or offline, that they once enjoyed (Xin, 2017;Zhao, 2013). In circumstances such as those described above, Xinhua was able to succeed in attracting a sizable audience online, though not necessarily for the reasons that the news agency had originally contemplated.…”

Section: Introductionmentioning

confidence: 99%

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Popularizing party journalism in China in the age of social media: The case of Xinhua News Agency

Xin

2018

Global Media and China

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The phenomenon of the "popularization" of journalism has become widespread in the process of media marketization, globalization and digitalization. This phenomenon has been studied mostly in the Anglo-American context. This article instead draws attention to China, where the tendency toward popularizing (party) journalism is also occurring but taking a rather different form. It focuses on the case of Xinhua News Agency-the pioneer as well as the most representative case of traditional party journalism in the country. The article considers to what extent Xinhua's online media content concerning the ruling party since 1949-the Communist Party of Chinahas been popularized both in terms of content and style. The changes to online media content made by Xinhua are indicative of the extent to which it is possible to combine the status of a state-owned central news organization with a new journalistic orientation that seeks to make the messages from and about the party more appealing to technology-savvy and entertainment-driven audiences in the new media environment in mainland China.

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Financialisation of news in China in the age of the Internet: the case of Xinhuanet

Abstract: Abstract:This paper discusses the recent development of Xinhuanet

Cited by 22 publications

References 24 publications

What public and whose opinion? A study of Chinese online public opinion analysis

What public and whose opinion? A study of Chinese online public opinion analysis

Going Public and Going Global: Chinese Internet Companies and Global Finance Networks

Popularizing party journalism in China in the age of social media: The case of Xinhua News Agency

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