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
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.
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