Thanks to its diverse reading channels and development, Shanda Literature earned 173 million RMB net revenue in the second quarter this year (+24% y-o-y) according to its latest financial statement, for a total of 311 million RMB net revenue in the first half year (+111% y-o-y). At present, Shanda Literature has six original literature webs [...]
Posted tagged ‘Shanda’
Telecoms deemed in dominating position for mobile reading in China
30/08/2011With Shengda Literature’s founding in 2008, the real commercial operation of online literature began, and the company became the biggest winner in the mobile market. Literature websites continue to develop rapidly due to mobile reading offers such as China Mobile Reading Base [see previous post "Mobile phones in China – competition for e-readers"], and they [...]
Question to policymakers in China: overprotecting copyright?
17/05/2011In a Global Times opinion piece “Copyright battles shouldn’t be fought for wrong reasons” picks up the recent verdict in the Shanda / Baidu copyright case (see previous post “Baidu beaten in landmark copyright case, must compensate Shanda Literature“). Referring to the Trans-Pacific Partnership, which “is criticized for being an US wish-list that would create [...]
Alibaba enters digital publishing with iPhone client and Taobao Bookstore
18/04/2011After Baidu and Shanda, Chinese e-business giant Alibaba, revealed its digital publishing plan. An iphone client named Taobao Bookstore is launched, representing the first such e-book platform with copyrighted works in China. Relying on the high traffic volume on its Taobao online e-commerce website, Alibaba aims for users who want to download copyrighted works, of [...]
China’s audio book websites lacking profit – and speakers
15/03/2011Although the market for audio books in China has taken shape, related websites are facing some problems: Websites can’t make profit: Li Chengyu, CEO of China’s biggest audio book website Tianfang Net, pointed out that the single business model in audio book market makes the industry unprofitable. [Note: Tianfang.net was acquired by Shanda Literature in [...]
Empty shelves in Baidu’s online bookstore (China)
31/01/2011At the end of last month I summarized an article “Baidu began selling e-books to counter piracy allegations” which already stated that Baidu had quietly launched its Bookstore business and that the bookstore is made up of nine categories such as novel, literature, science, etc., with only 28 books on offer. Although the article “Baidu [...]
Digitalization of magazine publishing in China – a review
26/01/20112010 was a harvest year for the periodical industry, with ten big events in journal digitalization taking place: 1 China Periodicals Association intends to establish its digital journal branch China Periodicals Association has been preparing for the establishment of its digital journal branch to better promote the digitalization of the periodical industry. 2 Hanvon (Hanwang) [...]
Trends appearing in the 2011 Beijing Book Ordering Fair (China)
19/01/2011During the 2011 Beijing Book Ordering Fair several new trends became obvious: M&A News publishing resources will be optimized through cross-regional and cross-department integration, mergers and restructuring. Reducing product types Many publishing institutions are trying to reduce their product types. They pay more attention to the quality of products to create excellent and classic works. [...]
Baidu began selling e-books to counter piracy allegations
28/12/2010Recently, the Library Bookstore was launched very low-key on Baidu Library’s website, meaning that Baidu officially started its online sale of e-books and attempts to establish cooperative relationships with publishers, thus hoping to counter allegations of piracy. (See previous post “Shanda accuses Baidu of fostering online piracy; will launch own search engine for copyrighted e-books“). [...]
China Mobile to propose new policies for mobile reading; cooperates with Hanvon, Shanda
27/12/2010China Mobile will adjust its policies on subsidies for e-readers due to cost considerations. It intends to authorize its branch companies in different regions to formulate the subsidy measures according to the local situation. The goal of the adjustment is to promote the flexible development of mobile reading. Besides, China Mobile has established cooperative relationships [...]
Shanda accuses Baidu of fostering online piracy; will launch own search engine for copyrighted e-books
28/10/2010At the product launch of its e-book reader “Bambook”, Shanda’s CEO Hou Xiaoqiang talked about the topic of online literature copyright protection. He believed that Baidu fosters online piracy, obstructing the digital publishing industry. For example, he said, 95% of the novels on Shengda Literature’s website have pirated copies in Baidu Library. There will be [...]
Shanda Literature: e-books trapped in ISBN grey zone (China)
25/10/2010The recently published “Opinions of the General Administration of Press and Publication on the Development of the E-book Industry” require that all contents pre-installed or downloaded onto e-book readers / devices must be official publications, meaning they must have an ISBN. Shanda Literature, the world’s biggest online literature platform, falls into an ISBN grey zone: [...]
Shanda Literature CEO: 10 million users needed for e-book industry to make money relying on content
21/10/2010A brief summary in English on the eBook Summit Forum organized recently by the One Person One Book (OPOB) Fund. Source: Shanda VS Hanwang Technology on eBook Summit Forum (in English)
