Draft:Yuewen (China Literature Limited)

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China Literature Limited
Company typePublic
SEHK772
IndustryMedia, Entertainment
Area served
Worldwide
Key people
Hou Xiaonan (CEO, President, Executive Director)
ProductsLiterature, Audio, Comics, Animations, Films, TV series, Games, Merchandise
Websitewww.yuewen.com

Yuewen, Chinese name:阅文集团,also known as China Literature Limited.

Background[edit]

Yuewen, or China Literature Limited(Chinese:阅文集团, stock code: 0772.HK), is a comprehensive cultural industry group. It focuses on digital reading and the cultivation and development of intellectual property (IP).[1] The company offers digital publishing services, providing a platform for original online literature and full copyright operations. It also engages in the adaptation and output of IP.[1] It is based in Shanghai, China.[2]

Yuewen is best known for its QQ Reading and Qidian.[3] The pioneer platform Qidian was launched in 2002 and found success with the micro-payment model for premium content in late 2003. Webnovel, launched in May 2017, is the international version of Qidian. In 2018, Yuewen acquires top Chinese production company New Classics Media (NCM).[4]

Tencent is Yuewen's largest shareholder.[3]

Business[edit]

Movies and TV dramas produced by Yuewen include “YOLO”(Chinese:《热辣滚烫》), Hi, Mom(Chinese:《你好,李焕英》).[5]

References[edit]

  1. ^ a b Lunden, Ingrid (2018-08-13). "Tencent spinoff China Literature to buy New Classics Media for $2.2B in content consolidation play". TechCrunch. Retrieved 2023-12-20.
  2. ^ "Chinese online literature finds fame and fortune on a global scale". SHINE. Retrieved 2023-12-20.
  3. ^ a b Standard, The. "Tencent unit plans IPO". The Standard. Retrieved 2023-12-20.
  4. ^ Lee, Emma (2020-06-15). "Who owns China's 'internet literature'? · TechNode". TechNode. Retrieved 2023-12-14.
  5. ^ "Chinese Film "YOLO" Makes Top Ten at Oscar Weekend, With Inspirational Power – Globle Press release distribution". Retrieved 2024-04-08.