Least likely headline you’ll see this year: Ebook company buys film studio for $2.5 bn

Being the former ebook subsidiary of Tencent has its benefits. Buying your own film studio, for example. But actually China Literature, the former ebook arm of Tencent, didn’t need parental help to secure the deal. After a $1 billion IPO in November 2017 – Tencent’s China Literature IPO the biggest in a decade China Literature Read More …

As Amazon launches Prime Reading in China, a predicted $5.3 bn valuation will make the China ebook market far bigger than the US by 2020

IDBoox of France covers the story that the Chinese ebook market will be worth $5.3 billion by 2020, reporting on a study conducted by Chinese e-commerce giant Dangdang and Analysys which predicts annual growth for the Chinese ebook market of 29.8%. $5.3 billion would value the China ebook market at $2 billion more than Data Read More …

The Hot Sheet Reviewed – second November 2017 edition

The Hot Sheet is a publishing industry news-sheet for authors, produced every two weeks by Porter Anderson and Jane Friedman, and reviewed here every other Sunday as one of the best twice-monthly industry overviews available to authors. We’re not interested in delivering breaking news, but perspective on stories that are likely to retain meaning for your long-term decision Read More …

Tencent’s China Literature IPO the biggest in a decade

When it comes to online literature, there are two global players that leave the rest in the dust. No, not Amazon and Apple. Amazon and Tencent. And while we can only guess at a valuation for the Kindle store, we now have a valuation for China Literature, the online reading arm of the Chinese e-commerce Read More …