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.

[citation needed] Liang Desuo stayed for six years as the chief editor before leaving The Young Companion in July 1933 being replaced by Ma Guoliang.

January to March 1938, the magazine relocated to Hong Kong due to the outbreak of the Anti-Japanese War and fall of Shanghai in 1937.

[citation needed] It was suspended in Hong Kong due to bankruptcy of the parent Liangyou Book Company after a run of 138 issues.

"[citation needed] In 1954 Wu Liande restarted his company in Hong Kong, and "re-released the overseas version of "Liangyou," ceasing publication in 1968.

"[4] The motion was really performed by the girls inside the magazine playing sports, while the cover-girls presented modern women, attractive to men in their Western outfits and implied activities.

"[6] Guan Zilan, Liangyou-cover-girl for issue 45, who was a Chinese student and artist who went to Japan to study, was labeled modern girl in this fashion.