Condenast has a huge PR, advertising, and media business in China, which would've been a near impossible task even for a domestic Chinese company, let alone foreign, or American one on top of that.

The propaganda ministry razed the media landscape to the ground over the last 5 years. Even completely apolitical companies like publishers of professional literature, science textbooks, photo journals, and children books got a boot.

The state has also been said to forcefully breaking up big media groups, denying mergers in between ad/pr/media companies.

Seeing Condenast thriving in China, knowing how things there are now, is very suspicious.