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- F-1 Registration statement (foreign)
- 3.1 EX-3.1
- 3.2 EX-3.2
- 4.2 EX-4.2
- 4.4 EX-4.4
- 4.5 EX-4.5
- 5.1 EX-5.1
- 8.1 EX-8.1
- 8.2 EX-8.2
- 10.1 EX-10.1
- 10.2 EX-10.2
- 10.3 EX-10.3
- 10.4 EX-10.4
- 10.5 EX-10.5
- 10.6 EX-10.6
- 10.7 EX-10.7
- 10.8 EX-10.8
- 10.9 EX-10.9
- 10.10 EX-10.10
- 10.11 EX-10.11
- 10.12 EX-10.12
- 10.13 EX-10.13
- 10.14 EX-10.14
- 10.15 EX-10.15
- 10.16 EX-10.16
- 10.17 EX-10.17
- 10.18 EX-10.18
- 10.19 EX-10.19
- 10.20 EX-10.20
- 10.21 EX-10.21
- 10.22 Exhibit 10.22
- 10.23 Exhibit 10.23
- 10.24 Exhibit 10.24
- 10.25 Exhibit 10.25
- 21.1 EX-21.1
- 23.1 EX-23.1
- 23.5 EX-23.5
- 23.6 EX-23.6
- 23.7 EX-23.7
- 99.1 EX-99.1
- 99.2 EX-99.2
Exhibit 23.5
21 April 2011
Phoenix New Media Limited
16/F, Fusheng Building, Tower 2
No. 4, Hui Xin Dong Jie
Caoyang District
Beijing 100029
People’s Republic of China
Dear Sirs/Madams,
INITIAL PUBLIC OFFERING
We hereby give our consent to the references to our name, methodologies, assumptions and value conclusions with respect to our reports on valuation of business enterprises, Series A convertible redeemable preferred shares and share-based awards in Phoenix New Media Limited’s Registration Statement on Form F-1, as may be amended from time to time, to be filed with the U.S. Securities and Exchange Commission.
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| Yours Faithfully, |
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| For and on behalf of |
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| GRANT SHERMAN APPRAISAL LIMITED |
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| /s/ Kelvin C.H. Chan |
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| Kelvin C.H. Chan, FCCA, CFA |
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| Director |
Room 1701, 17/F, Jubilee Centre, 18 Fenwick Street, Wan Chai, Hong Kong 香港灣仔分域街18號捷利中心17樓1701室 Tel (852) 2877 8330 Fax (852) 2877 6718 Email info@grantsherman.com www.grantsherman.com |