# China Literature

> China Literature is a VC fund backing Information Technology and Media and Entertainment. See 10 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 10
- Last investment: Jul 2025
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/%E9%98%85%E6%96%87%E9%9B%86%E5%9B%A2
- Website: https://www.yuewen.com/

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.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $6M–$10M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Information Technology | 2 | 20% |
| Media and Entertainment | 2 | 20% |
| TV | 1 | 10% |
| Apps | 1 | 10% |
| Film | 1 | 10% |

27 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 4 | 40% |
| Seed | 1 | 10% |
| Angel | 1 | 10% |
| Series E | 1 | 10% |
| Funding Round | 1 | 10% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 6 | 60% |
| Thailand | 1 | 10% |
| South Korea | 1 | 10% |
| United States | 1 | 10% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Super Vitality Factory | Super Vitality Factory is a boutique plush toy company. |  | Corporate Round | Jul 02, 2025 | https://www.lecheng.art/ |
| Dream Island | 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 | https://www.zhumengdao.com/ |
| Crossing | 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 | https://crossingselected.com/ |
| Ximalaya FM | 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 | http://ximalaya.com |
| Altstory | 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 | http://www.altstory.com/ |
| Ookbee | 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 | http://www.ookbee.com |
| 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 FM | 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 | http://ximalaya.com |
| VOICE BEAR | VOICE BEAR is a comprehensive film and television entertainment service provider company. | $425K | Angel | Aug 17, 2017 | http://www.voicebear.cn/ |
| MUNPIA | MUNPIA is an online media company that provides events news and web novels. |  | Seed |  | https://www.munpia.com |

10 of 10 investments shown.

## Co-investors
- [Touch Sound](https://shizune.co/investors/profile/touch-sound) — VC Fund, 2 deals together
- [Xima Holdings](https://shizune.co/investors/profile/xima-holdings) — VC Fund, 2 deals together
- [Audio World](https://shizune.co/investors/profile/audio-world) — VC Fund, 1 deal together
- [Bright Venture Capital](https://shizune.co/investors/profile/bright-venture-capital) — VC Fund, 1 deal together
- [Eagle Power Enterprises](https://shizune.co/investors/profile/eagle-power-enterprises) — VC Fund, 1 deal together
- [Eternity Group](https://shizune.co/investors/profile/eternity-group-3b8d) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [MaC Venture Capital](https://shizune.co/investors/profile/mac-venture-capital) — VC Fund
- [DAA Ventures](https://shizune.co/investors/profile/daa-capital-partners) — VC Fund
- [Alpana Ventures](https://shizune.co/investors/profile/alpana-ventures) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

### Similar country
- [IDG Capital](https://shizune.co/investors/profile/idg-capital-partners) — VC Fund
- [Qiming Venture Partners](https://shizune.co/investors/profile/qiming-venture-partners) — VC Fund
- [HSG](https://shizune.co/investors/profile/sequoia-capital-china) — VC Fund

## Featured in investor lists
- [Film Investors in Asia](https://shizune.co/investors/film-investors-asia)
- [Film Investors in China](https://shizune.co/investors/film-investors-china)
- [Film VC Funds in China](https://shizune.co/investors/film-vc-funds-china)

## FAQ

### What does China Literature invest in?

China Literature invests primarily in Information Technology, Media and Entertainment and TV startups, most often at Series A and Seed stage. Most of the 10 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–$10M 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 10 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co