China Literature
VC Fund
Beijing, China
China Literature is a pioneer of the online literature market and operates a leading online literature platform in China. The Company’s shares were listed on the Main Board of the Hong Kong Stock Exchange under the stock code 0772 on November 8, 2017.China Literature is a market leader as measured by the scale and quality of writers, readers andliterary content offerings. As of December 31, 2018, the Company had 7.7 million writers and 11.2 million online literary works, covering over 200 genres and reaching millions of readers. During 2018, the Company had on average 213.5 million monthly active users on its platform and its self-operated channels on partner distribution platforms.The Company owns nine major branded products, among which QQ Reading serves as a flagship product and is a unified mobile content aggregation and distribution platform, while the other products focus more specifically on individual genres and their respective fan bases. China Literature’s blue-chip shareholder and strategic partner, Tencent, provides the Company with exclusive content distribution access via its suite of leading mobile and Internet products, including Mobile QQ, QQ Browser, Tencent News, Weixin Reading and Tencent Video. The Company also licenses the content to third-party partners such as Baidu, Sogou, JD.com and Xiaomi Duokan for distribution, thus further broadening its user reach.
- Total investments:
- 11
- Last investment:
- Lead investor:
- 55%
Last updated:
For AI agents: llms.txt
Industries China Literature invests in
Stages China Literature invests in
Countries China Literature invests in
Round sizes
Round size
- Series A
- $6M–$14M
Investment Focus
Industry
- Media and Entertainment 3 (27%)
- Information Technology 2 (18%)
- TV 1 (9%)
- Apps 1 (9%)
- Film 1 (9%)
Stage
- Series A 5 (45%)
- Seed 1 (9%)
- Angel 1 (9%)
- Series E 1 (9%)
- Funding Round 1 (9%)
Country
- China 7 (64%)
- Thailand 1 (9%)
- South Korea 1 (9%)
- United States 1 (9%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Super Vitality Factory is a boutique plush toy company. | Corporate Round / Jul 02, 2025 | ||
| Dream Island offers vivid AI interactions, likely with virtual individuals that users can engage with in a dynamic and immersive environment. | $10M / Series A / Jan 08, 2025 | ||
| Crossing Media is a live broadcast e-commerce service company that builds awareness, engagement, and sales through live-stream shopping. | $6M / Series A / Dec 23, 2024 | ||
| Ximalaya (喜马拉雅) is a service website that enables users to share voices and personal radio stations. It is a product of Beijing Nali Huiju Network Science and Technology Co., Ltd. It was founded in August, 2012 and is committed to the construction and operation of online audio sharing platform.It launched ""Ximalaya APP"" inMarch 2013, and in just half a year, it achieved the target of ten million subscribers. In early May of 2014, the number of activated users of Himalaya exceeded 50 million, making Ximalaya the biggest online audio sharing platform in China. On May 22, 2014, Himalayan announced that it has successfully received an A series venture capital investment of 11.5 million US dollars. As of May 2014, the Ximalaya certified audio show creators were more than 6000. Its established columns were 240000 with audio volume reaching nearly 3 million and average daily new upload audio hitting more than 10000. | $90M / Series E / Feb 05, 2021 | ||
| Altstory is a web game developer. Its representative product is a text adventure RPG game called "Mutual Music Exploration". At the same time, the company provides services such as strategy, operation and recharge of the game. The company is committed to bringing high-quality interactive gaming experiences to game users. | $14.2M / Series A / Dec 11, 2019 | ||
| Ookbee Group is the largest storytelling ecosystem in Thailand who operates reputable user-generated content platforms among young generations concerning novels, e-books, music, audio, and video live-streaming including Joylada, Tunwalai, Ookbee, Fictionlog, Storylog, Beeber and Fungjai. | $10.5M / Sep 29, 2019 | ||
A4 Comics Industry
|
A4 Comics Industry is a comic creation community that is perpendicular to the second-yuan user population. In the same worldview framework, in the form of crowdfunding and co-creation, comic writers and readers are provided with a platform for interaction between works and crowdfunding. Users can create their own comic characters and story lines inthe APP, and then create virtual city-states and even countries, and can frequently link with the works of other authors to drive fans to flow and realize. | Series A / Jun 20, 2019 | |
| Ximalaya (喜马拉雅) is a service website that enables users to share voices and personal radio stations. It is a product of Beijing Nali Huiju Network Science and Technology Co., Ltd. It was founded in August, 2012 and is committed to the construction and operation of online audio sharing platform.It launched ""Ximalaya APP"" inMarch 2013, and in just half a year, it achieved the target of ten million subscribers. In early May of 2014, the number of activated users of Himalaya exceeded 50 million, making Ximalaya the biggest online audio sharing platform in China. On May 22, 2014, Himalayan announced that it has successfully received an A series venture capital investment of 11.5 million US dollars. As of May 2014, the Ximalaya certified audio show creators were more than 6000. Its established columns were 240000 with audio volume reaching nearly 3 million and average daily new upload audio hitting more than 10000. | $39.8M / Venture - Series Unknown / Mar 04, 2019 | ||
| MUNPIA is an online media company that provides events news and web novels. | $22M / Seed / Oct 18, 2018 | ||
Kaca Entertainment
|
Kaca Entertainment is a content aggregation platform that utilizes technology to enhance and accelerate the value of intellectual property. | $7.3M / Series A / Aug 30, 2018 | |
| See all 11 investments → | |||
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FAQ
What does China Literature invest in?
China Literature invests primarily in Media and Entertainment, Information Technology and TV startups, most often at Series A and Seed stage. Most of the 11 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is China Literature's check size?
China Literature typically joins rounds of $6M–$14M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds China Literature participates in.
When did China Literature last invest?
The most recent investment recorded for China Literature closed in Jul 2025. Shizune tracks 11 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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