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
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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