Studies of modern Chinese literature have not paid enough attention to Wang Yunzhang (1884-1942), an important writer and editor in the first twenty years of the twentieth century. As an active figure in the literary field, Wang was recruited by the Commercial Press and served as the founding editor for two of the press’ major magazines, Xiaoshuo yuebao (Short Story Magazine) and Funu zazhi (The Ladies’ Journal). The two magazines not only had the same founding editor, but also went through almost identical transformations in the aftermath of the May Fourth Movement when Wang, who stood for the “Old School,” gave way to new editors from the “New School.” In the construction of the history of modern Chinese literature, this process of reformation has been defined as a cultural battle between the Old and the New schools. As a result of this interpretation, the contribution to modern literature made by Wang Yunzhang, who lost this supposed war, is inadequately credited. Recently, some scholars have begun to reevaluate the accomplishments of Xiaoshuo yuebao before the reformation, and further to acknowledge Wang Yunzhang’s literary vision. In this paper, however, I do not intend to reassess Wang’s career. Rather, I attempt to understand precisely how Wang, as a traditional scholar and writer who was experiencing the decline of old and familiar cultural conventions, pursued the goals of “collecting and compiling old information, imbuing people with modern knowledge, and promoting common sense”—the goals he announced as editor in the first issue of the magazine. As the Commercial Press took profit and enlightenment as its goals, Wang Yunzhang also tried to design his magazine to be a vehicle for popular education in the form of a periodic encyclopedia. This was done by the design of columns, the selection of works, and the format and layout of the magazine. In short, Xiaoshuo yuebao marks the convergence of modern consumption of knowledge and traditional education through entertainment. It also reveals Wang’s cultural taste, which was not only nostalgic but centered on the “small things” of the elite literati culture.