Founded in Shànghǎi 上海 in the summer of 1918 by Tàixū 太虛, with help from Shǐ Yīrú 史一如, Chén Yuánbái 陳元白, Jiǎng Zuòbīn 蔣作賓, and Huáng Bǎocāng 黃葆蒼. They first published two works by Tàixū, Dàodé lùnhéng 道德論衡 (Discourse on Morality) and Léngyán shèlùn 楞嚴攝論 (Select Commentary on the Śūraṃgama Sūtra). These publications eventually became the seed for Awakening Society Collectania 覺社叢書, a quarterly periodical that the Society began publishing in October.
At the end of 1919, the Society's headquarters were moved from Shànghǎi to the Jìngfàn yuàn 淨梵院 on the West Lake in Hángzhōu 杭州. Along with the move, the periodical became a monthly and its name was changed to Hǎicháo yīn 海潮音, which began publishing in the first lunar month of 1920 under the editorship of Shǐ Yīrú.
'References:
Shì Dōngchū 釋東初. Zhōngguó fójiào jìndàii shǐ 中國佛教近代史 (A History of Early Contemporary Chinese Buddhism), in Dōngchū lǎorén quánjí 東初老人全集 (Complete Collection of Old Man Dongchu), vols. 1-2. (Taibei: Dongchu, 1974), 1005-1006.
Welch, Holmes. The Buddhist Revival in China. (Cambridge: Harvard University Press, 1968), 54.
Yú Língbō 于凌波, ed. Xiàndài fójiào rénwù cídiǎn 現代佛教人物辭典 (A Dictionary of Modern Buddhist Persons), 2 vols. (Taipei: Foguang, 2004), 1:199c.