Forbes China magazine becomes latest print product to shut shop

The year 2015 is ending with another print media marking its final edition, as digital media takes the communication industry by storm.

Caught in the vortex this time is Forbes China magazine. All of its staff will be dismissed by the end of this year. The magazine was established in the Chinese mainland in 2003.

Associated with the bad news is the much troubled Chinese business conglomerate Fosun International Ltd. Following Hong Kong Morningside Ventures, Fosun became the copyright cooperation partner of Forbes in the Chinese mainland in 2009. Shanghai Zhihui Culture Communication Co Ltd, a subsidiary of Fosun, became the new operator of Forbes China magazine.