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According to a report that China Literature, a subsidiary of tech giant Tencent Holdings, sent to the Global Times on Thursday, both reading and writing web novels have become important means of.
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Selling the fantasy Today, amateur fan translation has been replaced by Chinese web novel platforms that own the publishing rights to millions of novels and see the potential to sell their IP worldwide. Take the U.S. iOS App Store as an example.
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International readers have shown a strong - and growing - willingness to pay for Chinese online literature. In 2021, overseas readers who said they were willing to pay for Chinese works reached 48.4%, compared with 31.2% in 2020, multi-year surveys from iiMedia showed. In future, the market is expected to undergo even more new changes.
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China Literature, the country's biggest web novel publisher, plans to boost its North American business with English works; Online fiction has proven to be a profitable business in China
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In China, the popularity of web novels dates back to the emergence of the online reading platforms over two decades ago. Authors are free to build their stories on these platforms, which are usually updated on a daily basis. Fans log on to the platforms, reading the latest content and paying for it. Web novels have conquered hundreds of.
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China is producing and consuming the largest amount of web fiction in the world, with an estimated 20 million full-time, part-time, and dabbling writers. The grind is hard, and the conditions can be exploitative, but those who do it are on the vanguard of a reading revolution. In 2018, Jue had life all planned out.
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The speedy, serialized, and escapist nature of web novels has made them into a multi-billion-dollar industry in China, where 46.5% of internet users read web fiction, according to a 2020 report by the Chinese Academy of Social Sciences. Recently, however, their addictive nature has sparked debate among netizens. The industry is growing: The same report also indicates that Gen Z makes up almost.