A welcome screen for the QQ Reading application, operated by China Literature, in an arranged photograph taken in Hong Kong on October 25, 2017. Photo: Bloomberg

Online literature: the next battleground for Chinese social media giants ByteDance and Tencent?

  • A ByteDance subsidiary has become the third-largest shareholder of Beijing Dingtian Culture Entertainment, which runs multiple online reading platforms
  • The e-book sector is dominated by China Literature, backed by ByteDance rival Tencent Holdings
Topic |   E-books and audiobooks
A welcome screen for the QQ Reading application, operated by China Literature, in an arranged photograph taken in Hong Kong on October 25, 2017. Photo: Bloomberg
READ FULL ARTICLE