Connect with us

Technology

Young people from different countries experience China’s digital economy

Published

on

BEIJING, July 8, 2023 /PRNewswire/ — During a friendly competition called “A Digital Day Tour of Beijing” on June 17, young participants from several countries vied to unlock their missions in Beijing via some of China’s most popular mobile apps, including hailing rides, learning about the ancient sage Confucius (551-479 B.C.), hopping on a shared bike, and posting pictures of their accomplished tasks on Weixin, China’s domestic version of the WeChat super app. Those most adroit at using the apps won the “race.”

 

They immersed themselves in China-style digital life and successfully completed the tasks on their checklists. But three days earlier, when they had just arrived in Shenzhen, a major tech hub in south China’s Guangdong Province, most of them had never heard of, let alone used, these Chinese apps.

“They” refer to 16 young people from 14 countries, including China, the United States, the United Kingdom, Spain, Brazil, South Africa and Pakistan, who joined in the 2023 Future Close-Up Program for a six-day journey, from June 15 to 20, taking them around Shenzhen and Beijing to gain an in-depth understanding of China’s achievements in developing its digital economy.

Participants, comprised of entrepreneurs, scholars and reporters, first spent two days in Shenzhen and then four days in Beijing, including a one-day closing forum. The program was hosted by China International Communications Group (CICG) and Chinese Internet tech giant Tencent, and coordinated by the CICG Center for Americas.

App life

“Chinese applications and economies are always evolving to offer residents a better, more convenient life,” said Jose Carlos Feliciano Nishikawa, a Peruvian participant and Deputy Director of the Center for China and Asia-Pacific Studies at his home country’s Pacific University.

In 2009, when he first came to China, he created a QQ account, an instant messaging software service and web portal. Later, he used Renren, a Chinese social networking service similar to Facebook and Weibo, China’s Twitter equivalent.

In 2013, he installed Weixin on his smartphone. “Every time I come to China, Weixin has new features,” Nishikawa said at the 2023 Future Close-Up Forum in Beijing on June 20. In his eyes, the continuous upgrading of the app mirrors the ever-swifter progress of China’s digitalization process.

At present, Weixin has become a multifunctional mobile application involving instant messaging, social media and mobile payment. Most people living in China use the app, together with other digital tools such as instant food delivery service apps, and Didi Chuxing (China’s Uber equivalent), to meet their daily needs.

“China is a country where with just a smartphone in your hand, you can do everything,” Zhang Weiwei, Director of the China Institute at Shanghai’s Fudan University, told the forum. As a result, “Most people here haven’t had a physical wallet on them for five or six years,” he added.

Patrick Jack Robertson from Britain, CEO of Smart Air, a Beijing-based social enterprise tackling air pollution, echoed Zhang’s remarks. Ten years ago, when the Brit first set foot on Chinese soil, he still needed to use cash and had to stand in line at the train station for an hour just to get a ticket. Today, he buys a digital ticket online and takes his passport to check in at the station.

“What impressed me most is how convenient technology is to use here in China,” Luis Filipe de Souza Porto, a young 2023 Future Close-Up participant and a researcher of international relations at the Federal University of ABC in Brazil, told Beijing Review.

Digital economy

The closing forum of the program released a report on China and the world’s digital economy titled Global Youth Wisdom: Digital Economy Makes the World a Better Place. The report was based on in-depth interviews with about 100 Gen Zs from different countries on their lifestyles and digital preferences.

China has the world’s second largest digital economy in terms of value, the report read. In 2021, the combined value of the digital economy in 47 major countries accounted for 45 percent of their GDP, while last year, China’s digital economy accounted for 41 percent of the country’s GDP.

Ninety-five percent of surveyed Gen Zs said they engaged in digital activities every day and were fully aware of the enormous impact the digital economy has on people’s lives. Gen Zs “have a clear and dialectical understanding of the digital economy,” according to the report. They have a deep sense of the positive impact of the digital economy on personal life, global economic development and social progress, believe that the digital economy makes the world better, and are fully confident in the future development of the digital economy, the document further read.

Zhang Jun, General Manager of Tencent’s Marketing and Public Relations Department, said at the forum that through the Future Close-Up Program, Chinese and foreign youth came to realize they actually have a lot in common: their expectations for digital technology by large are high, and they brim with curiosity as well as a desire to uncover and understand the future.

Connecting

The participants, many of whom are social media influencers, shared their stories and experiences during the tour. Take Rida Hameed, a reporter for Pakistan’s K21 News, for example. Hameed shared a short video about her journey on Instagram which gained some 10,000 likes in a matter of minutes.

Long international flights and a packed schedule didn’t dampen participants’ enthusiasm. “I would like to learn more about the Chinese business landscape, meet like-minded businesspeople, explore ways to work with Chinese organizations and discover market trends in China,” Latvian Arthur Gopak, CEO and co-founder of AlphaGamma, a business portal for young professionals, told Beijing Review.

Igor Alexander Bello Tasic, founder and CEO of Meta Ventures, told Beijing Review that his company is a metaverse and technology research and development consulting firm based in Spain. During the tour, he said that this marked his very first visit to China, something he’d been looking forward to for years, and he joined the tour to gain a better grasp of how other young participants envision the future and how they might be able to work together to turn that vision into reality.

“As an entrepreneur, I hope to establish valuable business connections and understand China’s digital economy so that I can strive to promote the same in my country,” Jibran Ali Khan, CEO of JAK Education and Innovation Consultancy and Media Brick in Pakistan, told Beijing Review soon after his arrival in Shenzhen. Ali Khan, too, was a first-time China traveler and could hardly contain his excitement.

The trip did not disappoint. During their two-day stay in Shenzhen, they visited companies such as Tencent, Honor, a leading global provider of smart devices, and Ping An, one of China’s largest integrated financial groups. They had extensive in-person interactions with these companies’ employees to learn more about their latest tech endeavors. At the closing forum in Beijing, the program’s participants got the chance to talk with experts and other high-caliber young professionals to forge more new and interesting connections.

“Because of COVID-19, we lost the communication channels with overseas talents and high-caliber professionals and we must now reconnect to hear each other’s opinions,” Zhu Yuting, a participant of the program and an assistant professor of marketing at the National University of Singapore, told Beijing Review.

Li Yafang, President of the CICG Center for Americas, said in her speech at the forum that during this journey exploring China’s thriving tech industry, all young attendees had experienced and witnessed the development of China’s society, economy, technology and culture, while, at the same time, forging new bonds with people from different countries. “Every Chinese person you meet is a witness and participant in the development of contemporary China; their stories are a microcosm of the country’s development story in the new era,” she said.

Li said that as an “experienced youth,” she very much enjoys communication and interaction with young people, as well as looks forward to Chinese and foreign youths providing fresh perspectives on China and injecting new energy into the promotion of exchanges between China and other countries around the globe.

Participants shared their understanding about the country during their journey into its digital domain.

With the digital technologies, we are able to navigate both Beijing’s past and present, Tasic said after wrapping up the “digital day tour” of the capital city on June 17.

As China’s digital development is rapidly advancing, it’s important to assess how the use of artificial intelligence, the metaverse, virtual reality, etc. will affect people’s lives in the future. China is standing at the forefront of all these aspects and the lessons from China can be useful for emerging markets, Nishikawa said.

“As a Chinese citizen, I am proud of the developments in China’s digital economy over the past decade. I do feel that my life is becoming easier and easier thanks to technology,” Zhu said.

The 2023 Future Close-Up Program was only “the first step in a long journey,” Zhang Jun said. He believed that, in the future, we will all team up to build more bridges and platforms for communication, mutual trust and learning, and create more opportunities for everyone to communicate with each other.

Comments to taoxing@cicgamericas.com

Twitter: https://twitter.com/BeijingReview/status/1670726545982488577
Facebook: https://www.facebook.com/BJReview/videos/795733335512281/
YouTube: https://youtu.be/gTYtX11vjJU
TikTok: https://www.tiktok.com/@cachinachic/video/7246324900615572778?is_from_webapp=1&sender_device=pc&web_id=7227134149436605995
Website: https://www.bjreview.com/Multimedia/Video/On_the_Scene/202306/t20230620_800334758.html

View original content to download multimedia:https://www.prnewswire.com/news-releases/young-people-from-different-countries-experience-chinas-digital-economy-301872458.html

SOURCE Beijing Review

Continue Reading

Technology

Korean Buyers Invited to Connect with Chinese Suppliers at C-TOUCH & DISPLAY and FILM & TAPE EXPO 2026

Published

on

By

SHENZHEN, China, Oct. 20, 2026 /PRNewswire/ — Featuring Korea Day business matchmaking, next-generation display technologies and advanced functional materials, the October exhibitions offer Korean industry professionals new opportunities to explore suppliers and strengthen cross-border partnerships.

As demand grows for advanced displays, semiconductor technologies and high-performance materials, C-TOUCH & DISPLAY SHENZHEN 2026 and FILM & TAPE EXPO 2026 will welcome Korean buyers and industry professionals to Shenzhen, China, from October 27–29. The exhibitions will provide opportunities to discover new technologies, meet Chinese manufacturers and explore business partnerships across the electronics, display, automotive and advanced materials supply chains.

C-TOUCH: Exploring Next-Generation Display and Semiconductor Technologies

C-TOUCH & DISPLAY SHENZHEN 2026 will showcase technologies spanning OLED, Micro LED, flexible displays, touch panels, e-paper, commercial displays, automotive displays and AI+AR smart glasses. As display technologies converge with AI computing, optical communications and semiconductor packaging, the exhibition will connect Korean visitors with suppliers developing materials, components, manufacturing equipment and integrated solutions.

A key highlight is the TGV Glass Substrate Advanced Packaging Zone, where visitors can explore eight major process stages, including laser induction, etching, chemical vapor deposition (CVD), physical vapor deposition (PVD), electroplating, chemical mechanical planarization (CMP), coating and photolithography.

FILM & TAPE EXPO: Functional Materials for Electronics and Advanced Manufacturing

FILM & TAPE EXPO 2026 will bring together suppliers of functional films, optical films, protective and release films, polyimide (PI) films, adhesive tapes, optical clear adhesives (OCA), thermal-management materials and precision converting equipment.

The exhibition will also cover coating, laminating, slitting, rewinding, inspection and die-cutting technologies. These solutions support applications across consumer electronics, semiconductors, automotive electronics, batteries and energy storage, PCB/FPC and industrial manufacturing.

Korea Day: Connecting Korean Buyers with Chinese Suppliers

A major opportunity for Korean visitors will be Korea Day, a dedicated buyer–supplier matchmaking initiative designed to facilitate business connections between Korean industry professionals and Chinese suppliers.

The program will provide a focused setting for buyers to communicate their sourcing needs, explore relevant products and technologies, and discuss potential cooperation directly with suppliers. For companies seeking new sourcing options, manufacturing partners or materials for product development, Korea Day can help make exhibition visits more targeted and productive.

Easier Travel: China’s 30-Day Visa-Free Policy for South Korean Citizens

Travel planning has also become more convenient for eligible Korean visitors. Under China’s current unilateral visa-free policy, South Korean citizens holding ordinary passports may enter China without a visa for stays of up to 30 days for business, tourism, family or friends visits, exchange visits and transit.

The policy has been extended through December 31, 2026. Visitors should consult the Chinese Embassy in the Republic of Korea for the latest official guidance.

Register to Visit Shenzhen This October

C-TOUCH & DISPLAY SHENZHEN 2026 and FILM & TAPE EXPO 2026 will take place October 27–29 at Shenzhen World Exhibition & Convention Center in Bao’an, Shenzhen, China.

C-TOUCH & DISPLAY SHENZHEN 2026: Pre-register here

FILM & TAPE EXPO 2026: Pre-register here

About RX Kuozhan

RX Kuozhan is a joint venture between Reed Exhibitions and Kuozhan Exhibition Services (Shanghai) Co., Ltd., established in 2015. The company organizes a portfolio of industry-leading exhibitions serving the display, touch technology, functional films, adhesive materials, commercial display and advanced materials sectors. Through its exhibitions and industry engagement initiatives, RX Kuozhan connects manufacturers, technology providers, buyers and industry professionals, facilitating business partnerships, technology exchange and cross-industry collaboration in China and international markets.

For more information, please visit C-TOUCH & DISPLAY SHENZHEN and FILM & TAPE EXPO.

View original content:https://www.prnewswire.com/apac/news-releases/korean-buyers-invited-to-connect-with-chinese-suppliers-at-c-touch–display-and-film–tape-expo-2026-302912105.html

SOURCE RX Kuozhan

Continue Reading

Technology

What’s Next for Webull Corporation Shareholders After 19.09% Stock Drop? Glancy Prongay Wolke & Rotter LLP Explains Securities Fraud Class Action Lead Plaintiff Deadline

Published

on

By

Complaint alleges Webull Corporation misled investors between April 26, 2025 and October 6, 2026; investors may seek lead plaintiff role by December 7, 2026

LOS ANGELES, Oct. 19, 2026 /PRNewswire/ — Glancy Prongay Wolke & Rotter LLP (“Glancy”) announced today that the class action lawsuit covers investors who bought Webull Corporation (“Webull” or the “Company”) (NASDAQ: BULL) securities between April 26, 2025 and October 6, 2026. The Webull Corporation case, Ward v. Webull Corporation et al., was filed on October 8, 2026 in the U.S. District Court Middle District of Florida (Tampa) (Case No. 8:26-cv-03052).

Investors who suffered losses on Webull Corporation investments can submit their Webull Corporation loss information here before the December 7, 2026 lead plaintiff deadline.

Key dates in the Webull Corporation case

Class period: April 26, 2025 to October 6, 2026Complaint filed: October 8, 2026Lead plaintiff deadline: December 7, 2026

What happened?

On October 7, 2026, the bipartisan House Select Committee on China issued a report which found “a profound gap” between Webull’s public marketing as “an American company” and actual control of the alleged St. Petersburg, Florida-based firm. The committee reportedly found “Webull’s ownership architecture, technical workforce, technology infrastructure, cross-border data routing, corporate financing, and compliance frameworks are tied in structural ways to the People’s Republic of China.” The Select Committee also reportedly found that Webull initially told the Select Committee that it had no offices or employees in China, while Webull’s mainland China subsidiary in fact employed approximately 863 employees, or 62% of Webull’s global workforce.

Webull Corporation stock fell $1.39 or 19.09%, to close at $5.89 on October 7, 2026, thereby injuring investors.

What is the Webull Corporation lawsuit about?

The Webull Corporation securities lawsuit alleges that, between April 26, 2025 and October 6, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Webull Corporation’s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) Webull’s mainland China operations were not limited to research and development and technical support functions, but rather Webull’s software development, data pipelines, and core engineering depended on PRC-based personnel and on infrastructure subject to Chinese law; (2) Webull’s ownership structure, technical workforce, technology infrastructure, cross-border data routing, financing, and compliance structure were structurally tied to China; (3) as a result, Webull’s representations that its principal business operations were based in the U.S. and that its U.S. customer data was insulated from non-U.S. access materially overstated Webull’s independence from the PRC; and (4) as a result, defendants’ positive statements about Webull Corporation’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

“The complaint filed against Webull Corporation alleges that, among other things, the Company failed to disclose that Webull’s mainland China operations were not limited to research and development and technical support functions, but rather Webull’s software development, data pipelines, and core engineering depended on PRC-based personnel and on infrastructure subject to Chinese law. For investors who bought during the class period, the December 7, 2026 deadline is the first major step in this case,” said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.

What’s the next step?

Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist Webull Corporation investors in potentially pursuing claims to recover their losses.

If you wish to serve as lead plaintiff in the Webull Corporation class action, you must move the Court no later than December 7, 2026. To learn more about your rights, visit the Webull Corporation case page, email shareholders@glancylaw.com, or call 310-201-9150 (toll-free: 888-773-9224).

You may retain counsel of your choice. If you bought Webull Corporation securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the Webull Corporation case.

Frequently Asked Questions

Who is eligible? Investors who purchased or otherwise acquired Webull Corporation securities between April 26, 2025 and October 6, 2026 and suffered losses may be members of the proposed class in the Webull Corporation shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by December 7, 2026.

What is a lead plaintiff? In the Webull Corporation class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.

Do I have to be lead plaintiff to recover? No. A Webull Corporation investor’s ability to share in any future recovery does not depend on serving as lead plaintiff. Webull Corporation investors may take no action and remain absent class members.

What is the deadline? Motions to serve as lead plaintiff in the Webull Corporation class action must be filed by December 7, 2026.

Does it cost anything to contact Glancy or participate in this action? Glancy represents Webull Corporation investors on a contingency fee basis, which means investors pay no attorneys’ fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.

Can I choose my own lawyer? Yes. Webull Corporation investors may retain counsel of their choice.

Why work with Glancy on the Webull Corporation lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Webull Corporation lawsuit. Prior results do not guarantee a similar outcome.

About Glancy Prongay Wolke & Rotter LLP

Glancy was named one of Law360’s Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.

Glancy’s successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.

Prior results do not guarantee a similar outcome.

Related links

Webull Corporation case page, Glancy Prongay Wolke & Rotter LLPComplaint: Ward v. Webull Corporation et al., U.S. District Court Middle District of Florida (Tampa)Webull Corporation SEC filings index, EDGARGlancy Prongay Wolke & Rotter LLP

CONTACT:
Charles H. Linehan
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 | Toll-free: 888-773-9224
www.glancylaw.com

Follow Glancy on LinkedIn, X, or Facebook.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View original content to download multimedia:https://www.prnewswire.com/news-releases/whats-next-for-webull-corporation-shareholders-after-19-09-stock-drop-glancy-prongay-wolke–rotter-llp-explains-securities-fraud-class-action-lead-plaintiff-deadline-302913255.html

SOURCE Glancy Prongay Wolke & Rotter LLP

Continue Reading

Technology

NetDragon Partners with Jiuzhou Culture to Establish Joint Venture

Published

on

By

Takes Controlling Stake in AI Harness Business to Advance a Third Growth Engine

HONG KONG, Oct. 19, 2026 /PRNewswire/ — NetDragon Websoft Holdings Limited (“NetDragon” or the “Company”; Hong Kong Stock Code: 0777), a global leader in building internet communities, is pleased to announce that it has entered into a legally binding memorandum of understanding (“MOU”) with Jiuzhou Culture (“Jiuzhou”), a leading AIGC short drama production and distribution company in China, to establish a joint venture (“JV”) in which NetDragon will hold a 51% controlling interest. The partnership will focus on artificial intelligence technologies, AIGC-powered content creation and digital technology services, further expanding NetDragon’s AI application scenarios and commercialisation opportunities while accelerating the development of a new growth engine.

Deepening the Integration of AIGC and Content to Build a Diversified Digital Business Platform

Rapid advances in AIGC are continuing to reshape content creation, digital entertainment and software services. With the ongoing maturation of generative AI, large-scale AI models and AI agents, AI is evolving from a supporting tool into a productivity platform that can enhance the entire value chain, from content creation and production to operations and commercialisation. Through the JV Company, NetDragon and Jiuzhou will combine their complementary strengths in technology, IP, content and industry resources to accelerate the deployment of AIGC across real-world commercial applications.

Under the MOU, Jiuzhou will inject into the JV Company all intellectual property, technologies and assets relating to the AI Harness system business, laying a solid foundation for product development and commercialisation. NetDragon will contribute Hong Kong dollars cash equivalent to RMB 50 million to the JV Company, acquire a 51% shareholding interest and consolidate the JV Company’s financial results. The JV Company will focus on expanding foundational artificial intelligence software, large-scale AI models and the AI Harness system business. It is expected to serve as the first commercial validation platform in China for NetDragon’s “AI ecosystem co-creation” strategy, marking the launch of the Company’s third growth engine and laying the groundwork for the business model to be replicated and scaled across various sectors.

To accelerate the scalable commercialisation of the AI Harness business, the transaction also incorporates a multi-tiered, progressive performance-based incentive warrant scheme. NetDragon will issue 25 million unlisted warrants to Jiuzhou at an issue price of HK$0.10 per warrant share, to be granted in three tranches with initial exercise prices of HK$10, HK$12 and HK$15, respectively. The warrants will only become exercisable upon achievement of specified key performance indicators by the JV Company. Assuming full exercise of all warrants at the initial exercise prices, NetDragon will receive aggregate gross proceeds of approximately HK$314 million, which will supplement the Company’s development capital while achieving deep alignment of interests and shared equity upside with its strategic partner. 

Strengthening AI Ecosystem Synergies to Drive a Third Growth Engine

As generative AI becomes increasingly integrated into content production, digital services and global operations, NetDragon and Jiuzhou will take this collaboration as a new starting point to fully leverage their complementary strengths and accelerate the commercialisation of AI capabilities, translating technological innovation into tangible business value. In recent years, NetDragon has continued to advance its AI strategy across AI+gaming, AI+education and enterprise intelligence, while actively exploring emerging AI businesses with the potential to establish independent commercial models. Jiuzhou, meanwhile, has built deep expertise in micro-dramas and digital content, with an integrated value chain spanning copyright operations, content creation, co-production, paid distribution and official distribution. It has also continued to expand the use of AIGC across content production, creation and operations. The two parties will further explore the deep integration of AI technology with the content industry, accelerating the implementation of AI capabilities in scenarios such as content generation, AI model applications, translation and localisation, platform operations, and enterprise technology services, to build scalable and sustainable business models.

Following the launch of the MOYU AI platform in August 2026, NetDragon’s investment and controlling stake in the AI Harness business marks another important step in increasing resource allocation to its AI business and broadening its long-term growth pathways. The performance-linked equity incentive collaboration with Jiuzhou is expected to establish a new model of strategic collaboration for NetDragon, enabling the Company and its partners to grow the business together and share in the value created. Looking ahead, NetDragon will remain focused on its core AI business, deepen technological innovation and resource integration, and leverage its established strengths in gaming and education alongside the emerging growth engine of AI ecosystem co-creation. Under this three-pronged strategy, the Company aims to continuously strengthen its core competitiveness, enhance long-term investment value, and deliver sustainable returns to shareholders.

About NetDragon Websoft Holdings Limited

NetDragon Websoft Holdings Limited (HKSE: 777) is a global leader in building internet communities, with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users. Over the desktop and mobile internet eras, NetDragon previously established China’s first online gaming portal, 17173.com, and China’s most influential smartphone app store platform, 91 Wireless.   

Established in 1999, NetDragon is one of the most reputable and well-known digital entertainment IP developers and operators in China with a history of successful flagship game titles deeply welcomed by users both at home and abroad. For more than a decade, NetDragon has also achieved success with its EdTech business both domestically and globally. Fully embracing the new AI era, NetDragon is driving its vision of “Infinite Growth” through AI-enabled digital entertainment and online learning, whilst building a systematic AI product methodology to create value growth.

NetDragon’s overseas edtech business entity, currently a U.S.-listed subsidiary named Mynd.ai, is a global leader in interactive technology and its award-winning interactive displays and software can be found in more than 2 million learning and training spaces across 126 countries. 

About Jiuzhou Culture

Founded in 2021, Jiuzhou is a leading player in the online micro-drama industry, with an integrated business model spanning copyright operations, content creation, co-production, paid distribution and official distribution. The company has established a comprehensive, end-to-end content ecosystem designed to enhance operational efficiency and unlock synergies across the value chain. Embracing technological innovation, Jiuzhou actively integrates cutting-edge technologies such as AIGC to enhance content quality and creative capabilities. Its self-developed Moss tool has accelerated AI adoption across the entire value chain, leveraging technology to advance the development of the global short drama ecosystem.

In terms of content creation, Jiuzhou has accumulated the rights to more than 4,000 short dramas and has successfully distributed over 1,000 productions. Its portfolio spans more than 20 popular genres, including contemporary drama, romance, campus life, fantasy, suspense and historical fiction, catering to the diverse entertainment preferences of audiences in China and worldwide. By combining paid content, free-to-view short dramas and international expansion, Jiuzhou has developed a distinctive business ecosystem that strengthens its competitive position and drives continued innovation in the micro-drama industry.

Internationally, the company leverages its strengths in content production, audience reach and distribution networks to bring Chinese micro-dramas to global audiences while tailoring its offerings to local tastes and cultural preferences. Its flagship international platform, ShortMax, focuses primarily on North American and European markets, offering a wide selection of localized Chinese dramas and original productions. ShortMax is now available in more than 200 countries and regions worldwide, having achieved peak monthly active users (MAU) of over 30 million, more than 90 million cumulative registered users and 200 million downloads.

View original content to download multimedia:https://www.prnewswire.com/news-releases/netdragon-partners-with-jiuzhou-culture-to-establish-joint-venture-302913397.html

SOURCE NetDragon Websoft Holdings Limited

Continue Reading

Trending