{"id":110951,"date":"2021-03-31T06:30:39","date_gmt":"2021-03-31T06:30:39","guid":{"rendered":"https:\/\/fin2me.com\/?p=110951"},"modified":"2021-03-31T06:30:39","modified_gmt":"2021-03-31T06:30:39","slug":"tencents-e-book-spinoff-eyes-north-american-expansion","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/tencents-e-book-spinoff-eyes-north-american-expansion\/","title":{"rendered":"Tencent's e-book spinoff eyes North American expansion"},"content":{"rendered":"

(Reuters) – Tencent\u2019s e-book spinoff China Literature is looking to grow its North American business as it seeks to tap surging demand for content outside its home market, a senior executive told Reuters.<\/p>

FILE PHOTO: China Literature Co-Chief Executive Officers Liang Xiaodong (L) and Wu Wenhui pose during a news conference on the company’s IPO in Hong Kong, China October 25, 2017. REUTERS\/Bobby Yip<\/figcaption>

The company\u2019s Webnovel platform, which hosts its non-Chinese language content, has already signed 50,000 writers in North America and the company aims to double that to by the end of the year.<\/p>\n

\u201cSimilar to what we have been doing in China, we are seeing users who like our content turning to be writers on our platform,\u201d Sandra Chen, China Literature\u2019s head of international business, told Reuters in an interview.<\/p>\n

Chen said China Literature is focusing on North America for its \u201cinfrastructure, its demand for good content, and an existing user willingness to pay for content.\u201d<\/p>\n

Tencent, China\u2019s largest social media and video games company, last year put China Literature and two other firms in its content stable, New Classic Media and Tencent Pictures, under one management as part of an integrated film and TV production strategy.<\/p>\n

Analysts say Tencent wants to build a Chinese Disney by transferring its vast intellectual property holdings from animation, online literature and video games on to the big screen.<\/p>\n

Webnovel has more than 200,000 original English language titles and 1,000 pieces translated from Chinese.<\/p>\n

Chen said China Literature decided to seize on the overseas market when it realised there were voluntary translations of novels from its Chinese platform, such as \u201cQing Yu Nian\u201d, a popular ancient romance.<\/p>\n

\u201cQing Yu Nian\u201d, or Joy of Life, was subsequently developed into a 46-episode TV drama that has been streamed more than 8 billion times. The show has an IMDb rating of 8.2 out of 10.<\/p>\n

\u201cWe are very clear of the long-term hope we have for the overseas market, which is to transplant the strategy proven successful in China to the new market, to build a content eco-system where we could build on our IP,\u201d said Chen.<\/p>\n

China Literature is also open to partnerships with foreign platforms such as Netflix, Chen added.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – Tencent\u2019s e-book spinoff China Literature is looking to grow its North American business as it seeks to tap surging demand for content outside […]<\/p>\n","protected":false},"author":3,"featured_media":110950,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nTencent's e-book spinoff eyes North American expansion - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/tencents-e-book-spinoff-eyes-north-american-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tencent's e-book spinoff eyes North American expansion - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) – Tencent\u2019s e-book spinoff China Literature is looking to grow its North American business as it seeks to tap surging demand for content outside [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/tencents-e-book-spinoff-eyes-north-american-expansion\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-31T06:30:39+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/03\/cnewsfotor1107.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/tencents-e-book-spinoff-eyes-north-american-expansion\/\",\"url\":\"https:\/\/fin2me.com\/markets\/tencents-e-book-spinoff-eyes-north-american-expansion\/\",\"name\":\"Tencent's e-book spinoff eyes North American expansion - 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