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 ‘Shengda’
Shanda Literature’s six acquisitions in 2010 (China)
27/06/2011This article provides tables on the five online literature websites and one offline book distribution company Shengda Literature acquired last year for 140 million RMB, as well as data such as investment and revenue as submitted in the SEC prospectus: Rongshuxia (榕树下) — http://www.rongshuxia.com/ Beijing Zhongzhibowen Book Distribution Company (中智博文) — http://www.zzbwbook.com/ Tianfang Audiobook Net [...]
Three statements on Internet copyright protection of digital publishing in China
18/05/2011Internet copyright piracy has a big impact on the development of digital publishing. Measures to stop online copyright infringement and piracy were a hot topic at the 7th China International Cultural Industry Fair. The managers of online platforms should set a good example of copyright protection A series of digital copyright infringement cases threatens the [...]
Baidu beaten in landmark copyright case, must compensate Shanda Literature
12/05/2011The article in Global Times reports: “A Shanghai district court has ordered search engine giant Baidu to pay half a million yuan ($75,700) in compensation to Shanda Literature, an original content provider website, in a major copyright lawsuit case.” The reason stated is that Baidu ” did not remove unauthorized literary works from its website [...]
Taobao Bookstore client launched in China – digital copyright competition?
06/05/2011Shortly after Shanda Literature released its Cloud Bookstore 2.0, Taobao Bookstore has also launched its client. Baidu Library is trying to eliminate the negative influence of its copyright infringement crisis. Apparently, a new round of competition in the digital copyright market is on the verge of breaking out. Source: Taobao Bookstore client launched (in Chinese) [...]
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 [...]
Chinese authors blame search giant Baidu for copyright infringement – with comment
16/03/2011On the occasion of World Consumer Rights Day, fifty authors accused China’s largest search engine Baidu of participating in copyright violations in an open letter on publisher Shen Haobo’s blog (in Chinese). As the Xinhua.net article “China’s search giant Baidu in wrangle over copyright theft” states, this coincided with a call by China Written Works [...]
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 [...]
Shanda Literature’s Cloud Bookstore: one-year promotion and new features (China)
18/02/2011Shanda Literature declared its Cloud Bookstore officially as an independent operation under the new domain www.yzsc.com.cn, further integrating its digital publishing industrial chain. Since Cloud Bookstore waives the user channel charge for one year, many classic books and best-sellers can be downloaded for free. According to statistics, currently 95% of the books in Cloud Bookstore [...]
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. [...]
Shanda entering online payment – Domain name for platform confirmed (China)
10/01/2011Shanda’s payment tool Sheng Futong was launched officially on January 6. Its domain name was confirmed as www.shengpay.com, but it couldn’t be accessed immediately. According to related news, Sheng Futong has been listed as a third-party payment tool and a payment business license has been applied for. Source: Domain name of Shengda’s payment tool confirmed [...]
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 [...]
Xinhua and Shanda sign strategic cooperation agreement (China)
07/12/2010Xinhua News Agency and Shanda Network signed a strategic framework agreement to use their respective content, information and channel advantages, meaning Xinhua’s text, pictures and video will be distributed using Shanda’s network, video and interactive entertainment channels. Source: Xinhua News Agency and Shanda Network sign strategic agreement (in Chinese)
Baidu Library responds to infringement: plans to share ad profits with copyright holders (China)
26/11/2010Baidu Library is an online document-sharing platform designed for teachers, students, career white-collar workers, etc. to provide courseware, exercises, professional information and other documents. It is occupying 70% of the market and has been blamed for copyright infringement, especially by its rival Shanda Literature. On Baidu Library’s first-year anniversary, Baidu’s Product Director indicated that the [...]
Complete list of enterprises which received e-book licenses (China)
06/11/2010As mentioned in the post “E-books in China: first licenses issued; regulations for foreign products coming“, thirty enterprises were awarded four different kinds of e-book licenses. Below is a complete list as stated on the GAPP website (in Chinese), some of the lesser-known companys’ names might not be translated correctly 100%, for some I added [...]
E-books in China: first licenses issued; regulations for foreign products coming
05/11/2010The altogether thirty licenses issued to 21 companies yesterday fall into four categories: e-book publishing: 4 licenses, among them for China Publishing Group, e-book reproduction: 13 licenses, among them for Hanvon Technology and Shanda Literature, e-book distribution: 8 licenses, e-book import and export: 5 licenses, among them for China Import and Export Group. GAPP’s vice [...]
Shanda Literature’s CEO on confronting Baidu with own search engine (China)
02/11/2010After getting involved in the online shopping search business, Shanda Literature announced that it had started developing its vertical search engine for novels. Hou Xiaoqiang, CEO of Shanda Literature, talked about the strategy in an interview: Shanda was forced to enter the search business because of widespread piracy, especially by Baidu’s search. Shanda’s Cloud Search [...]
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 CEO warns Kindle will fail in China
27/10/2010As China Daily‘s article “Rival warns Kindle will fail in China” states, Shanda Literature’s CEO “Hou Xiaoqiang said rampant piracy, fierce competition from copycat products and the lack of support from domestic publishers will hamper the success of Amazon’s e-book reader”. The article mentions further comments by Hou on the importance of content.
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)
