Thomas Shao founded Modern Media in 1993: a leading innovative and high-end media group in China and internationally. Modern Media owns various types of media platforms in business, culture, art, fashion and lifestyle. The group has launched several leading publications, including Modern Weekly, Life Magazine and City Magazine, among others. Modern Media has partnerships with many influential international media groups, such as Bloomberg News and Time Inc in the US, Numéro and IDEAT in France, The Art Newspaper in the UK, and also co-publishes their Chinese versions. Modern Media has ventured into digital publishing in recent years, notably with Nowness, the world’s first creative digital video platform. With the Shao Foundation and the ZiWU and Modern Art Base art spaces, Thomas Shao becomes the first Chinese entrepreneur operating in the fields of publishing, digital technology and art space in China. In 2019, Thomas Shao acquires ArtReview and ArtReview Asia; international revues specialized in contemporary art.