She replied that her company – Phoenix Media – is “privately” owned [not “by the state”].
The Hong Kong/Cayman Islands based Phoenix Media is actually owned in large part by the Chinese Communist Party (CCP) and by a former CCP propaganda officer.
As of 2018, Phoenix Satellite Holdings was owned by Liu Changle (37.1% of shares). Changle is a “former PLA propaganda official who is close to senior Chinese government leaders”.
Changle previously worked as a propaganda officer for China National Radio (then known as the Central People’s Broadcasting Station). …
At least 65 percent of the company is owned by the government of China.