 BEIJING, Aug. 16, 2021 PRNewswire -- Phoenix New Media Limited NYSE: FENG Phoenix New Media, ifeng or the Company, a leading new media company in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. Mr. Shuang Liu, CEO of Phoenix New Media, commented, While certain segments of the advertising market continued to experience downward pressure and industry-wide intensified competition, we have decided to bolster our competitive differentiation by constructing our content ecosystem. 