Core Viewpoint - The article discusses the collaboration between the company and Universal Studios Singapore to launch a themed attraction based on the web novel "Dao Gui Yi Xian," highlighting the potential for future developments in immersive entertainment based on Chinese IPs [2][3][9]. Group 1: Themed Attraction Details - The "Dao Gui Yi Xian" themed attraction is part of the "Halloween Horror Nights 13" event at Universal Studios Singapore, running from September 26 to November 1, with long queues on opening day [3][5]. - The attraction features four different IPs, including the Chinese "Dao Gui Yi Xian," a Thai IP, a Singaporean IP, and Netflix's "Stranger Things," with "Dao Gui Yi Xian" having the highest number of NPCs at 50 [5][9]. - The design of the attraction includes various scenes from the novel, such as a hospital setting and a "refining elixir room," utilizing props and effects to create an immersive experience [5][7][12]. Group 2: Cultural Significance and Market Potential - The project team chose "Dao Gui Yi Xian" due to its popularity and the strong cultural elements it incorporates, making it relatable to Southeast Asian audiences [9][10]. - The attraction aims to provide a different experience compared to Western horror styles, focusing on psychological and subtle fear elements inherent in Chinese horror [10][12]. - The global theme park market is projected to grow from $56.4 billion in 2024 to $81.2 billion by 2033, with a CAGR of 4.13% from 2025 to 2033, indicating significant market potential for such themed attractions [20]. Group 3: Future Prospects and Strategic Direction - The project represents the company's first attempt to adapt IP for overseas physical entertainment, moving beyond traditional methods like translation and animation [13][14]. - The author of "Dao Gui Yi Xian" expressed hope that the attraction would spark interest in Chinese culture among foreign visitors, potentially leading to greater awareness of Chinese web literature [14]. - The company is actively expanding its presence in offline experiences, including partnerships for pop-up stores and immersive experiences, aiming to enhance global engagement with its IPs [20].

Core Viewpoint - The collaboration between China's web novel "Dao Gui Yi Xian" and Universal Studios Singapore marks the first deep partnership between a Chinese web novel IP and a global theme park, showcasing a cross-border integration of "IP + cultural tourism" [1][3]. Group 1: Project Overview - The Halloween-themed attraction "Dao Gui Yi Xian" opened on September 26, featuring immersive experiences that recreate the novel's fantasy world through realistic scenes and interactive NPCs [1][3]. - The project aims to provide visitors with an engaging exploration of iconic locations from the novel, such as "Qing Feng Guan" and "Bai Yu Jing," allowing them to interact with characters from the story [3][5]. Group 2: Cultural Significance - "Dao Gui Yi Xian," created by author "Hu Wei De Bi," integrates traditional Chinese philosophical concepts and folklore with modern fantasy elements, establishing a grand worldview filled with Eastern mystique [3][5]. - The novel has gained significant popularity, accumulating over 11.38 million readers, making it a phenomenon in 2023 [3]. Group 3: Future Prospects - This collaboration represents the first overseas implementation of the "IP Paradise" model by the company, with plans to introduce derivative products from other popular IPs like "Quan Zhi Gao Shou" and "Gui Mi Zhi Zhu" at Universal Studios Singapore [5].

文｜王毓婵 编辑｜乔芊 阅文供图 该万圣节活动中共包含4个探险屋IP，除了来自中国的《道诡异仙》外，还有一个泰国IP、一个新加坡IP，和奈飞旗下影视IP《怪奇物语》。 《道诡异仙》主题探险屋以小说世界观为线索，串联游戏动线。共配置了多达50名真人NPC演员（25个角色，AB角轮换），是整个园区四个探险屋内NPC 数量最多的探险屋。 据36氪观察，探险屋依靠隔墙区分空间，进门即对应小说开篇中的中医院诊所场景。项目组还原了小说里的诊疗室，运用了呼吸机音效、昏暗无影灯、"医 生 NPC 突然出柜"等叠加惊吓。 接下来，游客移步换景进入"炼丹房"，这里展现了反派丹阳子的核心场景。项目组制作了大型气动丹炉（可开合、升降、喷烟），墙壁挂满随气动装置摆动 的假肢断手。 9月26日，阅文集团与新加坡环球影城合作，在新加坡环球影城推出了网文《道诡异仙》主题探险屋。36氪作为首批受邀媒体，进行现场体验，并采访了阅 文项目组与小说作家"狐尾的笔"。 《道诡异仙》主题探险屋属于圣淘沙名胜世界旗下新加坡环球影城"万圣节惊魂夜13"限时活动的一部分，对外运营时间为9月26日-11月1日。开业当天，来 自各国的游客在探险屋门口排出了数百米 ...

Core Viewpoint - The company continues to strengthen its content creation and IP operation capabilities, despite a decline in revenue, showcasing growth in net profit and advancements in AI integration with its IP ecosystem [1][2][4]. Financial Performance - In the first half of 2025, the company reported total revenue of 3.19 billion yuan, a year-on-year decrease of 23.9%, while net profit reached 850 million yuan, an increase of 68.5% [2][3]. - Online business revenue amounted to 1.99 billion yuan, reflecting a year-on-year growth of 2.3%, driven by increased income from self-owned and third-party platforms [2][3]. IP Operation and Content Ecosystem - The company’s IP operation business demonstrated strong performance, with a GMV of 480 million yuan in IP derivative products, nearing the total of 500 million yuan for the entire year of 2024 [5]. - The online reading platform added 200,000 new authors and 410,000 novels, with a total word count increase of approximately 20 billion [3]. User Engagement and Growth - The average monthly paying user count reached 9.2 million, a year-on-year increase of 4.5%, with significant growth in the number of works receiving high monthly ticket sales [3]. - The company has established a sustainable development model characterized by high-quality content supply and loyal user engagement [3]. AI Integration and International Expansion - The integration of AI technology has significantly enhanced the company's IP ecosystem, with AI translation revenue on the overseas platform WebNovel growing by 38% year-on-year, accounting for over 35% of total revenue [5][6]. - The company has launched innovative AI features, such as the "Miaobi Tongjian" knowledge base, which has increased author interaction with AI by 40% [5]. Market Position and Future Outlook - The company maintains a leading position in the market with successful adaptations of its IP into various media formats, including popular series and animations [4]. - Industry experts believe that the combination of web literature, web series, and online games represents a new wave of cultural export, with the potential for higher valuations in overseas markets [6].

Core Viewpoint - The article highlights the significant growth of Yuewen Group in the first half of 2025, driven by its strong IP reserves and successful expansion into various entertainment sectors, including short dramas and IP derivatives [1][2]. Financial Performance - In the first half of 2025, Yuewen achieved revenue of 3.19 billion yuan and a net profit of 850 million yuan, marking a year-on-year increase of 68.5% [1]. - Online business revenue grew by 2.3% to 1.99 billion yuan [2]. IP Development and Ecosystem - The company added 200,000 new authors and 410,000 new novels to its online reading platform, with a 45% increase in authors achieving over 10,000 subscriptions [2]. - The number of new signed works generating over 1 million yuan in revenue increased by 63% [2]. - The average monthly paying user count reached 9.2 million, reflecting a 4.5% year-on-year growth [2]. IP Commercialization - Yuewen's IP commercialization saw success across multiple formats, including popular adaptations of novels into long dramas and short dramas, with notable titles like "Jiu Chong Zi" and "Da Feng Da Geng Ren" [3]. - The short drama segment experienced explosive growth, with a significant increase in production and collaboration with industry writers [3]. - The IP derivative business generated a GMV of 480 million yuan, nearing the total for the previous year [3]. Strategic Investments and Collaborations - Yuewen is expanding its business model through investments, such as acquiring a 10% stake in the plush toy brand "Super Vitality Factory," aiming to collaborate on IP development [4]. - The company has accelerated the launch of new products under its IP derivative brand, Yuewen Goodies, partnering with nearly 10,000 online and offline distributors and collaborating with 230 brands [4]. - Yuewen aims to leverage its extensive IP reserves to drive industry growth and become a key player in the evolution of China's IP ecosystem [4].