"Ruyi’s Royal Love in the Palace" is the first work China Literature will have to report to shareholders after having agreed to complete the acquisition. This will also be a way for Tencent practice to diversify its earnings portfolio. Read More
On August 13, Tencent's e-book unit China Literature announces that the company is in a deal to acquire film & TV production company New Classics Media (NCM) for up to $2.25 billion. Upon completion of the acquisition, New Classics Media will become China Literature's wholly-owned subsidiary. Read More
In China, a whole new industry chain surrounding online literature IPs is taking form and now involves music, games, TV dramas, and movie production. Tencent, Alibaba, and Baidu have all entered the battle to compete for the best IPs. Read More
Tencent Holdings Ltd.’s online literature unit, which seeks up to HK$8.3 billion ($1.06 billion) in an initial public offering (IPO) in Hong Kong, has had an enthusiastic reception from retail investors. Read More
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