- Joined
- Jun 12, 2017
- Messages
- 19
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In the West, Kindle basically dominate digital reading.
In China, it's webnovel where the top web authors can make millions of USD in royalties each year.
From the recent IPO in the Hong Kong stock market
https://www.bloomberg.com/quote/772:HK
MARKET CAP (B HKD)
91.186
with the current exchange rate, that's $11.6 billion USD. CRAZY!!!
https://www.cnbc.com/2017/11/08/ten...k-surges-as-much-as-100-percent-in-debut.html
http://www.dw.com/en/china-literature-in-red-hot-hong-kong-ipo/a-41288841
http://technode.com/2017/11/08/china-literature-stock-spike/
I thought it was only worth around $1-2 billion USD so I was very surprised that its stock is worth $11 billion.
It recently expanded into the English language with the purchase of the https://www.webnovel.com domain name and putting the translations of their most popular novels on there for people to read for free. Time will tell if their "foreign" expansion bears fruit.
In China, it's webnovel where the top web authors can make millions of USD in royalties each year.
From the recent IPO in the Hong Kong stock market
https://www.bloomberg.com/quote/772:HK
MARKET CAP (B HKD)
91.186
with the current exchange rate, that's $11.6 billion USD. CRAZY!!!
https://www.cnbc.com/2017/11/08/ten...k-surges-as-much-as-100-percent-in-debut.html
http://www.dw.com/en/china-literature-in-red-hot-hong-kong-ipo/a-41288841
http://technode.com/2017/11/08/china-literature-stock-spike/
I thought it was only worth around $1-2 billion USD so I was very surprised that its stock is worth $11 billion.
It recently expanded into the English language with the purchase of the https://www.webnovel.com domain name and putting the translations of their most popular novels on there for people to read for free. Time will tell if their "foreign" expansion bears fruit.