Shanghai State Media Veteran Tried for Accepting Millions in Bribes

What’s new: Shanghai state media veteran Cheng Feng was in court Wednesday to face charges of accepting 38.52 million yuan ($5.4 million) in bribes and concealing deposits made overseas from authorities, according to the Shanghai First Intermediate People’s Court.

From 2006 to 2023, Cheng allegedly took advantage of his positions including deputy general manager of Shanghai United Media Group (SUMG) and chairman of an asset management company under SUMG, and helped others with matters including obtaining investment, undertaking projects and bidding for acquisitions, the court said in a statement released following the hearing.