A welcome screen for the QQ Reading application, operated by China Literature, a unit of Tencent Holdings, is displayed on an Apple iPad mini. China Literature posted a 15-fold increase in net profit to 556.1 million yuan in 2017. Photo: Bloomberg A welcome screen for the QQ Reading application, operated by China Literature, a unit of Tencent Holdings, is displayed on an Apple iPad mini. China Literature posted a 15-fold increase in net profit to 556.1 million yuan in 2017. Photo: Bloomberg
A welcome screen for the QQ Reading application, operated by China Literature, a unit of Tencent Holdings, is displayed on an Apple iPad mini. China Literature posted a 15-fold increase in net profit to 556.1 million yuan in 2017. Photo: Bloomberg
Internet

China Literature to step up book adaptations as content war heats up among tech giants

China’s largest online publisher and e-book website operator posted a 15-fold increase in net profit in 2017 on the back of a surge in number of paying customers.

Topic |   Internet
A welcome screen for the QQ Reading application, operated by China Literature, a unit of Tencent Holdings, is displayed on an Apple iPad mini. China Literature posted a 15-fold increase in net profit to 556.1 million yuan in 2017. Photo: Bloomberg A welcome screen for the QQ Reading application, operated by China Literature, a unit of Tencent Holdings, is displayed on an Apple iPad mini. China Literature posted a 15-fold increase in net profit to 556.1 million yuan in 2017. Photo: Bloomberg
A welcome screen for the QQ Reading application, operated by China Literature, a unit of Tencent Holdings, is displayed on an Apple iPad mini. China Literature posted a 15-fold increase in net profit to 556.1 million yuan in 2017. Photo: Bloomberg
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