Xiamen Yijia Investment Co., Ltd. is a private limited liability company founded on November 21, 2019. According to Chinese corporate registry data, the firm operates in real estate leasing, property management, and cross-sector investment. Its portfolio spans digital content and data services, brand management, advertising, e-commerce, entertainment, and cultural media, held through subsidiaries including Yijia (Xiamen) Digital Culture Co., Ltd. (譯迦（廈門）數字文化有限公司) at 51 percent and Xiamen Xingtu Shidai Culture Media Co., Ltd. (廈門市星途時代文化傳媒有限公司), an entertainment-sector firm, at 50 percent.
Yijia (Xiamen) Consulting Management Co., Ltd. is a private limited liability company founded on July 31, 2020, and the parent company of Haixi MCN Cross-Strait Youth Base (海西MCN兩岸青年三創基地). According to Chinese corporate registry data, the company mainly provides information and IT consulting, marketing planning, digital content production, advertising design and distribution, brand management, internet live-streaming services, e-commerce sales, and various equipment and property leasing services. In 2022, the company significantly expanded its business scope to include advertising, live streaming, rental services, and professional training. The firm is majority-owned by Yijia (Xiamen) Digital Culture Co., Ltd. (譯迦（廈門） 數字文化有限公司).
Svenska Dagbladet (SvD) is a Swedish daily newspaper founded on December 18, 1884, in Stockholm. Originally acquired by Norwegian media company Schibsted in 1998, SvD became part of Schibsted Media Group after Schibsted’s news operations were transferred in 2024 to the Tinius Trust, which manages the Schibsted shares in SvD. Svenska Dagbladet covers politics, economics, and business, and also features commentary and opinion journalism — including cultural reviews under its “SvD Kultur” section and public affairs debate under “SvD Debatt.”
The Schibsted Media Group is a Norwegian media company founded in 1839 in Oslo, Norway. Originally a publishing house, it has developed into one of the largest media groups in the Nordic region, with operations spanning newspapers, online classifieds, and digital services across multiple countries. In 2024, the company split its media operations into a separate foundation-owned entity, Schibsted Media Group, while the marketplaces arm — now Vend Marketplaces ASA — remains listed on the Oslo Stock Exchange. In February 2025, Schibsted Media Group announced a partnership with OpenAI to integrate content from these publications into OpenAI’s products, including ChatGPT, delivering news summaries with attribution to Schibsted’s brands.
Thai Jiaranai Group Public Company Limited (泰國亞洲大衆集團（大衆）有限公司) is a Bangkok-headquartered conglomerate with branch offices and representative offices in Beijing, Shantou, Hong Kong, and Singapore. It is the parent company of Thailand Headlines (泰國頭條新聞) — which describes itself as an outlet devoted to “telling China’s story,” an official CCP phrase for external propaganda — and describes itself as one of Thailand’s most influential ethnic Chinese business groups, claiming repeated commendation from Thailand’s Privy Council and designation as an official cooperation partner of multiple Thai government departments and state institutions. Its leadership, according to its own materials, has been received by senior officials on both the Chinese and Thai sides. In its corporate mission, the group describes following the principle of “transmitting positive energy” (a clear reference to Xi Jinping’s media control language). The group operates across media, commercial trade, event planning, real estate, cross-border e-commerce, program production, and charitable activities. Its media portfolio includes Thailand Headlines (泰國頭條新聞), ManGu Magazine (曼谷雜誌), and Thailand Diligence Bureau (泰國勤報局), with a claimed combined following across platforms exceeding ten million. In May 2023, Thailand Headlines publisher Guo Rui was arrested by Thai police on allegations of using her connections with a senior police official to demand 14 million baht from a Chinese suspect in exchange for dropping charges. She was released on bail. A earlier 2020 article on China Daily‘s website, republished from a provincial broadcaster, identified Zhang Cheng (章骋), also known as Zhang Peiyan (章培炎), as both chairman of CITIC Asia Investment International Co., Ltd. in Thailand (泰國中信亞洲投資國際有限公司) and a senior executive director of Thai Jiaranai Group. This would appear to link the Thai Jiaranai Group and China’s CITIC, one of the country’s largest state-owned conglomerates. However, a critical online post made to Blogspot in May 2015, which has since been deleted, alleged a broader pattern of fabricated institutional affiliations by Zhang — including falsely claiming to represent Alibaba in Thailand (“阿里巴巴集團在泰全權代理人”) and falsely presenting the group as embassy-affiliated (“冒充大使館”). This raises unanswered questions about the nature of the Thai Jiaranai Group’s connections with China. The Thai Jiaranai Group also operates Black Gold Entertainment (墨金娛樂), described as Thailand’s largest Sino-Thai cross-border multi-channel network, managing influencers and online celebrities for advertising and livestream commerce. The group additionally serves as the largest agent in Greater China for the Thailand Privilege Visa Program, and runs a real estate division.
The Tourism Authority of Thailand (การท่องเที่ยวแห่งประเทศไทย) is a state-owned enterprise established on May 4, 1979, under Thailand’s Ministry of Tourism and Sports, headquartered in Ratchathewi, Bangkok. Its mandate is to promote Thailand’s tourism industry internationally and protect the tourism environment. Its predecessor organization dates to 1924. The authority is best known internationally for its long-running “Amazing Thailand” campaign and operates with an annual budget of approximately 7 billion baht. It is led by a governor appointed by the Thai government.
West Pacific Press (西太平洋通訊社), or WPP, is a Taipei-registered news agency incorporated on May 4, 2023, under Taiwan’s company registry (統編: 94104181), describing itself as “the first and only” Asia-Pacific media platform focused on West Pacific nations. WPP’s own website identifies it as a subsidiary of Excellence Media Group (卓越媒體集團). The company was founded by Wei Botao (韋伯韜), a former Republic of China government official who served as Director-General of the Executive Yuan’s budget office from June 10, 1996 to May 20, 2000, and chairman of Taiwan Tobacco and Liquor Corporation, and who has a documented history of cross-strait business engagement with Xiamen — including a 2011 meeting with Xiamen Mayor Liu Keqing (劉可清) to discuss establishing a joint venture financial company in the city’s Cross-Strait Financial Center. Wei’s published writing includes explicit advocacy for PRC geopolitical superiority, arguing that China practices a benevolent “kingly way” (王道) in world affairs. Xu Banghao (徐邦浩), president of Excellence Magazine (卓越雜誌) and head of Excellence Media Group, became WPP’s chairman and responsible person in September 2024 following an internal restructuring. Despite its ambitious self-description, WPP’s paid-in capital stands at just NT$325,000 and its registered address is shared by over 100 other companies — a common virtual office arrangement in Taiwan that raises questions about the company’s physical infrastructure, though WPP may operate from a separate location not reflected in its corporate registration. Alongside Taiwan defense and security reporting, WPP’s lifestyle section carries content sourced directly from the Fujian Southeast Network (福建東南網), a Fujian provincial state media outlet, including multiple items about Xiamen’s Huli District, alongside unedited commercial press releases accepted as editorial content. WPP signed media cooperation agreements with Korean outlets Korea Focus and Korea Daily in 2019.
Want Want Holdings (旺旺集團), formally Want Want Food Co., Ltd. (旺旺食品股份有限公司), is a Taiwan-founded food and beverage conglomerate whose operations are now concentrated almost entirely in mainland China, where it operates over 100 manufacturing plants and employs more than 60,000 people. Founded in 1962 in Yilan County, Taiwan as I Lan Foods Industrial Co., Ltd. (宜蘭食品工業股份有限公司), the group was taken over in 1976 by Tsai Eng-meng (蔡衍明), who built it into China’s largest rice cracker producer. Want Want China Holdings Ltd. (中國旺旺控股有限公司) is listed on the Hong Kong Stock Exchange. Tsai, who has publicly stated that “unification will happen sooner or later” and lives in Shanghai, diversified the group into media, insurance, hotels, and healthcare. In 2008 he acquired the China Times Group to form the Want Want China Times Media Group (旺旺中時媒體集團). In June 2025 Taiwan’s Mainland Affairs Council announced an investigation into Want Want for allegedly collaborating with the CCP to host a cross-strait summit at which the group’s general manager described Taiwan as originating in “Chinese Taiwan” and pledged the group’s loyalty to “the motherland.” The group is headquartered at 5F, 72 Xining North Road, Datong District, Taipei.
Excellence Magazine (卓越雜誌) is a Taiwan-based monthly business and finance publication founded in September 1984. The magazine claims a monthly circulation of 50,000 copies and targets middle-class professionals aged 28–50, with a focus on financial, technology, and corporate management readers. Its editorial scope covers business management, economics, politics, health, and environmental topics. The magazine cites multiple Golden Tripod Awards (金鼎獎) in its own promotional materials, referencing the “Government Information Office’s Golden Tripod Awards” — suggesting that if such honors were received, they date to before 2012, when the Government Information Office (新聞局) was abolished and administration of the award passed to the Ministry of Culture (文化部). The magazine does not appear in published winner lists for any year where records are available. The current corporate parent, Excellence Global Media Corporation (卓越全球傳媒股份有限公司), was incorporated in 2019; no publicly documented connection between the current entity and the magazine’s original ownership structure is established in available public records. The magazine’s content, as visible on its website, consists primarily of advertorial features on corporate clients and local government initiatives, alongside aggregated commentary on financial and geopolitical topics attributed to its editorial department, with limited evidence of serious reporting. The magazine is currently led by president Xu Banghao (徐邦浩) and has since 2019 maintained a dedicated Korea news section (臺韓快訊) and pursued media partnerships in Seoul, including a memorandum of understanding with South Korea’s Applemedia Group, whose representative director Kim Hong-gi (金洪基) explicitly framed Excellence Magazine as a news integration hub for content from mainland China, Hong Kong, and the broader Chinese-speaking world directed at Korean audiences.
