In 1925 Wu Liande founded the Liangyou Book Company.
A year later the Liangyou pictorial magazine was produced, also known as The Young Companion, which was one among "a variety of pictorials" that the Liangyou Book Company produced.
Wu Liande acted as the magazine's first editor-in-chief, but was unable to fully administer the post because of his need to attend to the larger business.
After the 4th issue, he entrusted the editing to Zhou Shoujuan.
Zhou did not stay long and left to study at Qilu University.

In March 1927 Liang Desuo took over editing of The Young Companion as its third editor-in-chief.
Within two years, the monthly pictorial sales reached more than 30,000 copies, selling globally.
Liang Desuo stayed for six years as the chief editor before leaving The Young Companion in July 1933 being replaced by Ma Guoliang.

In March 1930, it was changed to photogravure printing, and the quality was greatly improved.
In August of this year, the 50th edition was increased to 42 pages with 3 pages of multicolored pages.

January to March 1938, he relocated to Hong Kong due to the outbreak of the Anti-Japanese War.
The magazine was suspended in Hong Kong during bankruptcy of the parent Liangyou Book Company, after a run of 138 issues.
The new company that owned the magazine was the Liangyou Fuxing Book Company, who restarted The Young Companion in February 1939 in Shanghai under editor-in-chief Zhang Yuanheng (張沅恒).
It ran until December 1941, when the 171st issue was published.

The war interfered with further publishing.
Even though the Japanese had taken over the parent company Liangyou Fuxing Book Company, and Chinese owners cooperating reopened the company in April 1942, The Young Companion's editor Zhang Yuanheng would not work with them.
After the war in October 1945, he published the next and final (172nd) under the name Liangyou Picture Magazine.
The Liangyou Fuxing Book Company was closed after the war "in 1946, due to the guilt of shareholders."
In 1925 Wu Liande founded the Liangyou Book Company. A year later the Liangyou pictorial magazine was produced, also known as The Young Companion, which was one among "a variety of pictorials" that the Liangyou Book Company produced. Wu Liande acted as the magazine's first editor-in-chief, but was unable to fully administer the post because of his need to attend to the larger business. After the 4th issue, he entrusted the editing to Zhou Shoujuan. Zhou did not stay long and left to study at Qilu University.
In March 1927 Liang Desuo took over editing of The Young Companion as its third editor-in-chief. Within two years, the monthly pictorial sales reached more than 30,000 copies, selling globally. Liang Desuo stayed for six years as the chief editor before leaving The Young Companion in July 1933 being replaced by Ma Guoliang.
In March 1930, it was changed to photogravure printing, and the quality was greatly improved. In August of this year, the 50th edition was increased to 42 pages with 3 pages of multicolored pages.
January to March 1938, he relocated to Hong Kong due to the outbreak of the Anti-Japanese War. The magazine was suspended in Hong Kong during bankruptcy of the parent Liangyou Book Company, after a run of 138 issues. The new company that owned the magazine was the Liangyou Fuxing Book Company, who restarted The Young Companion in February 1939 in Shanghai under editor-in-chief Zhang Yuanheng (張沅恒). It ran until December 1941, when the 171st issue was published.
The war interfered with further publishing. Even though the Japanese had taken over the parent company Liangyou Fuxing Book Company, and Chinese owners cooperating reopened the company in April 1942, The Young Companion's editor Zhang Yuanheng would not work with them. After the war in October 1945, he published the next and final (172nd) under the name Liangyou Picture Magazine. The Liangyou Fuxing Book Company was closed after the war "in 1946, due to the guilt of shareholders."
The Young Companion