Is Jiangsu Phoenix Publishing & Media Corp Ltd Stock Halal?

Jiangsu Phoenix Publishing & Media Corp., Ltd. engages in the editing, publishing, and distribution of books, newspapers, electronic publications, and audiovisual products. The company is headquartered in Nanjing, Jiangsu and currently employs 6,311 full-time employees. The company went IPO on 2011-11-30. The firm operates four segments. The Publishing segment includes the publishing and distribution of textbooks, teaching aids, general books, audio-visual products, and the development and sales of vocational education software. The Distribution segment includes the wholesale and retail of textbooks, teaching aids, general books, audio-visual products and cultural supplies. The Other segment includes new media businesses such as software development and operation, film and television production and distribution, digital asset management, and cloud platform services, as well as investment management. The Headquarters business segment includes distribution business management, procurement, distribution, settlement, group publication distribution and textbook bidding, as well as publishing business management, textbook publishing and others.