Core Insights - The article discusses the global success of the web novel "Full-Time Expert," which has evolved into a multi-faceted IP encompassing audiobooks, radio dramas, comics, animations, TV series, movies, mobile games, and merchandise [1][2] Group 1: IP Development and Globalization - "Full-Time Expert" has achieved significant viewership, with over 1 billion views on its animated adaptation on the first day and a total of over 2.5 billion views [1] - The novel was published in Japan in 2015, with over 30 million downloads, and its English version on Qidian International has surpassed 130 million overseas reads [1][2] - Qidian International has launched approximately 6,800 translated Chinese web literature works and nurtured 460,000 overseas authors by the end of 2024, reaching nearly 300 million users across over 200 countries [2] Group 2: Cultural Impact and Emotional Resonance - The emotional core of web literature, which conveys universal themes of love, friendship, and family, resonates with both Chinese and overseas readers, contributing to its popularity [3][4] - The incorporation of traditional Chinese culture in web literature has attracted overseas readers, with adaptations like the comic version of "Yuan Zun" gaining traction in countries such as South Korea, Japan, and the United States [4][5] Group 3: Translation and Adaptation Challenges - Translation plays a crucial role in the overseas success of web literature, with challenges arising from language differences and the need for culturally relevant adaptations [5] - Authors are encouraged to focus on storytelling and emotional expression, as a strong narrative foundation is essential for successful international outreach [5]

| 36 | | 阿里巴巴 | 2799.92 | | | --- | --- | --- | --- | --- | | 4 | | 小米集团-W | 1763.96 | | | 5 | | 拼多多 | 1603.06 | | | | 網易 | 网易 | 825.18 | 11 | | 7 | | 东方财富 | 520.85 | II | | 8 | | 中芯国际 | 516.85 | | | --- | --- | --- | --- | --- | | 9 | | 京东 | 457.68 | | | 10 | | 快手-W | 409.34 | | | II | | 腾讯音乐 | 326.82 | | | 12 | Bal Car | 目度 | 295.44 | | | 13 | | 理想汽车 | 283.13 | | | 14 | | 贝壳 | 221.36 | | | 15 | | 同花顺 | 218.78 | | | 16 | | 小鹏汽车 | 171.87 | | | 17 | | 中通快递 | 159.79 | | | 18 | | 科大讯飞 | 157.13 | | | 19 | | 蔚来 ...

Core Viewpoint - The article highlights the global expansion of Chinese online literature, exemplified by the success of the IP "Full-Time Master," which has evolved into a multi-faceted cultural product and a significant vehicle for promoting Chinese culture abroad [1][2]. Group 1: Development of Online Literature - The online novel "Full-Time Master," serialized in 2011, has achieved remarkable success, with its animated adaptation garnering over 1 billion views on its first day and a total of over 2.5 billion views [1]. - The novel's adaptations include an animated film released in nine countries and a television series with nearly 4 billion views [1][2]. - The international version of "Full-Time Master" has been translated into Japanese and English, with over 30 million downloads in Japan and 130 million overseas reads on the platform Qidian International [2]. Group 2: Global Co-Creation of IP - Qidian International, established in 2017, has become a key platform for the overseas dissemination of Chinese online literature, with approximately 6,800 translated works and 460,000 overseas authors by the end of 2024 [2]. - The concept of global co-creation of IP is driving the globalization of the entire online literature industry chain, with various adaptations including novels, comics, animations, and films [2][8]. - The collaboration between the Swiss National Tourism Board and the "Full-Time Master" IP demonstrates the growing influence of Chinese online literature in international markets [2]. Group 3: Emotional Resonance and Cultural Appeal - The emotional core of online literature, which conveys universal themes of love, friendship, and family, resonates with both Chinese and overseas readers, contributing to its popularity [4][7]. - The incorporation of traditional Chinese cultural elements in adaptations, such as the use of traditional musical instruments in audiobooks, enhances the appeal of these works to international audiences [7]. - The article emphasizes the importance of localization and understanding the target audience's preferences in the translation process to ensure successful overseas promotion [7]. Group 4: Cultural Significance - Chinese online literature is emerging as a new cultural carrier alongside Korean dramas, Japanese anime, and Hollywood films, fostering a deeper understanding and appreciation of Chinese culture among foreign readers [8].

Core Insights - The article discusses the maturation of the overseas expansion of Chinese online literature, highlighting the success of the IP "Full-Time Master" and its various adaptations across different media [1][2][3] Industry Overview - The global co-creation of IP is driving the globalization of the entire Chinese online literature industry chain, with products spanning novels, comics, animations, films, and merchandise [2][3] - As of the end of 2024, Qidian International has launched approximately 6,800 translated works of Chinese online literature, cultivated 460,000 overseas authors, and attracted nearly 300 million users across over 200 countries and regions [2] Cultural Impact - Chinese online literature is becoming a new vehicle for cultural exchange, comparable to Korean dramas, Japanese anime, and Hollywood films, allowing foreign readers to appreciate Chinese aesthetics and culture [5] - The emotional core of online literature, which conveys universal themes of love, friendship, and family, resonates with both Chinese and overseas readers, contributing to its popularity [3][4] Adaptation and Localization - The adaptation of online literature into various formats, such as comics and audio books, has gained traction, with works like "Yuan Zun" being translated into multiple languages and incorporating traditional Chinese musical elements [4] - Translation plays a crucial role in the overseas success of these works, requiring an understanding of local audience preferences and the establishment of a comprehensive terminology database [4]

Core Viewpoint - The article discusses the maturation of the overseas expansion of Chinese online literature, highlighting the successful transformation of works like "The King's Avatar" into global IPs through various media adaptations and collaborations [1][4]. Group 1: Industry Development - The online literature industry has evolved to create a comprehensive IP ecosystem, including novels, comics, animations, films, and merchandise [1]. - "The King's Avatar," a notable example, has achieved significant viewership, with its animated series surpassing 2.5 billion views and the live-action series reaching nearly 4 billion views [1]. - The platform Qidian International has played a crucial role in promoting Chinese online literature abroad, with approximately 6,800 translated works and nearly 3 million users across over 200 countries by the end of 2024 [2]. Group 2: Global Collaboration - The concept of "global co-creation of IP" is emphasized, with over 100 countries participating in the creation of online literature, marking a shift from content export to collaborative development [4]. - The partnership between the Swiss National Tourism Board and "The King's Avatar" illustrates the potential for cross-industry collaborations to enhance global reach [4]. Group 3: Cultural Impact - The emotional core of online literature, which resonates universally through themes of love, friendship, and family, is identified as a key factor in attracting international readers [5]. - The incorporation of traditional Chinese culture within these narratives has proven appealing to overseas audiences, further enhancing the global presence of Chinese online literature [5]. Group 4: Translation and Adaptation Challenges - Translation is highlighted as a critical factor for successful overseas expansion, with challenges arising from cultural differences and varying audience preferences [6]. - The importance of maintaining the integrity of the original work while adapting it for different languages and cultures is emphasized, ensuring that the emotional essence is preserved [6].

Core Insights - The article discusses the maturation of the overseas expansion of Chinese online literature, highlighting the success of the IP "Full-Time Master" and its various adaptations across different media [1][2][3] Industry Overview - The global co-creation of IP is a new phase for Chinese online literature, transitioning from content and model export to a collaborative international approach [2][3] - As of the end of 2024, the platform Qidian International has launched approximately 6,800 translated works and nurtured 460,000 overseas authors, with nearly 300 million cumulative users across over 200 countries and regions [2] Success Stories - "Full-Time Master," a web novel that began serialization in 2011, has achieved significant global reach, with its adaptations including an animated series with over 2.5 billion views and a film released in nine countries [1] - The novel's Japanese version has over 30 million downloads, and the English version has surpassed 130 million overseas reads [1] Cultural Impact - The emotional core of online literature resonates universally, allowing it to attract overseas readers despite cultural differences [3][4] - The incorporation of traditional Chinese culture in adaptations has enhanced the appeal of these works to international audiences [4][5] Translation and Adaptation Challenges - Translation is crucial for the overseas success of online literature, requiring an understanding of local audience preferences and the establishment of a comprehensive terminology database [4] - Authors are encouraged to focus on storytelling and emotional expression, which are fundamental to engaging with global readers [4]

Group 1 - The company is developing a product matrix for short dramas and novels, indicating a strategic expansion into new content formats [1] - There are over 50 short drama mini-programs launched on WeChat and Douyin, showcasing a significant presence in popular social media platforms [1] - The company is actively recruiting short drama creators, offering one-on-one guidance, traffic support, and incentives to encourage participation [1] Group 2 - The short drama products are developed by Beijing Tianfang Jinma Technology Development Co., Ltd., which is also the developer of the company's short drama mini-programs [1]

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 25, 2025, highlighting their respective valuations in billions of dollars [1]. Group 1: Market Capitalization Rankings - The top three companies by market capitalization are: 1. Alibaba: $1,000.00 billion 2. Tencent: $800.00 billion 3. Baidu: $600.00 billion [3] - Other notable companies in the top 10 include: - JD.com: $482.47 billion - SMIC (Semiconductor Manufacturing International Corporation): $519.90 billion - Tencent Music: $328.83 billion [3][4] Group 2: Additional Rankings - Companies ranked from 11 to 20 include: - Li Auto: $316.74 billion - Xpeng Motors: $182.36 billion - NIO: $109.38 billion [4][5] - The rankings continue with companies such as: - New Oriental: $74.44 billion - Kingsoft: $61.55 billion - Perfect World: $38.92 billion [5]

Group 1 - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 22, 2025 [1] - The leading company is Alibaba with a market cap of 1,000.00 billion [3] - Tencent follows closely with a market cap of 900.00 billion, indicating strong competition in the sector [3] Group 2 - Other notable companies include Baidu with a market cap of 305.30 billion and JD.com at 481.46 billion, showcasing a diverse range of players in the market [4][5] - The rankings reflect significant fluctuations, with companies like Kuaishou and Li Auto showing notable positions at 399.46 billion and 326.48 billion respectively [3][4] - The data is calculated based on the daily market values, converted from USD to HKD using the day's exchange rate [5]

Group 1 - The core viewpoint of the article indicates a significant decline in Hong Kong's IP economy concept stocks, with notable drops in specific companies [1] Group 2 - Superstar Legend experienced a drop of over 20% in its stock price [1] - Reading Literature Group saw a decline of more than 5% [1]