Shi Liangcai () (January 2, 1880 – November 13, 1934) was a Chinese journalist best known for his ownership of Shen Bao and for his murder at the hands of Chiang Kai-shek's henchmen.
Shi was born in Qingpu, now part of Shanghai. He studied at the Sericultural School in Hangzhou and in 1904 founded a sericultural school for women in Shanghai; (in 1912 the school moved to Hushuguan, a few miles northwest of Suzhou). He lived in a graceful villa at what is now No. 257, Tongren Road, Shanghai from 1904 until his death.
Along with journalists from the Shanghai newspaper Shibao (Eastern Times), by 1909 "the most widely circulated newspaper in the Shanghai region," Shi was a regular visitor to "an association known as the Xilou (Resting Place), which Shibao sponsored and where several items of the late-Qing reformist agenda were argued and shaped." When he took over Shen Bao in 1912, he furthered its liberal orientation; he also began a career as a press magnate, and from 1927, he bought up most of the stock of Shishi and Xinwen newspapers. He also expanded his range of business interests, with investments in cotton textiles.
He was the leader of the Jiangning tongxianghui (native place association) until his death; such associations in this period frequently "provided shelter and resources for anti-Japanese activists," and this one did not officially call a meeting between 1928 and 1933 because of a desire to avoid having to comply with oppressive Kuomintang regulations. "In the 1930s, Shi was a strong supporter of the Human Rights Defence Alliance established by Madam Soong Qing Ling, the second wife of revolutionary leader Dr Sun Yat-sen, with Cai Yuanpei and Lu Xun." He "had remained aloof from the initial phase of the Anti-Japanese National Salvation Association promoted in July 1931 by the Shanghai KMT and its auxiliary Chamber of Commerce," but after the Mukden Incident in September he became more involved, and in January 1932 "offered his nonpartisan leadership over a reconstituted anti-Japanese association and use of his Shenpao newspaper.