Core Viewpoint - Chinese Online plans to list in Hong Kong, enhancing its overseas strategy and opening up growth opportunities [1] Group 1: Company Strategy - The company aims to broaden its financing channels to increase overseas short drama supply and investment scale, driving rapid growth for its two platforms, ReelShort and FlareFlow, which rank in the global Top 6 for short drama apps according to SensorTower data [1] - Listing will enhance Chinese Online's brand influence overseas, facilitating cross-border mergers and acquisitions and market expansion [1] - The company seeks to effectively avoid foreign exchange costs, thereby improving operational efficiency [1] Group 2: Product Development - Chinese Online is a pioneer in AI comic drama, with its production "From the Womb to the Counterattack" achieving over 100 million views by November 2025, and its first AI 3D comic drama "The Return of the Immortal: One Hand Controls the World" surpassing 64 million views [1] - In terms of IP cultivation, the domestic box office for "The King's Avatar 2" reached 533 million yuan, and it officially launched in the US and Canada in September 2025, continuing to expand its IP influence [1] Group 3: Industry Outlook - The overseas short drama market is experiencing high demand, with significant industry head effects [1]
国海证券:中文在线拟赴港上市,加码出海战略打开增长空间