Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 10 (Xinhua) — China’s online literature market was worth 43.06 billion yuan (about 5.97 billion U.S. dollars) by the end of 2024, up 6.8 percent year on year, according to a study released Friday by the Chinese Academy of Social Sciences.
According to the study, by the end of last year the readership of literature reached 575 million people, with an increase of 10.58 percent.
In 2024, a series of works featuring realistic themes and the best achievements of Chinese traditional culture appeared on the country’s online literature market, which became vivid bearers of the society’s core values and the results of encouraging cultural innovation, the study said.
Another feature of the market is the expansion of the commercialization of intellectual property. According to the study, the market size of online literary adaptations will exceed 298 billion yuan in 2024, helping to create synergies with mini-series, games and other forms of content on various user terminals. -0-