Handel China Literature Limited - 0772 CFD

China Literature Limited, an investment holding company, operates an online literature platform in the People's Republic of China. The company's flagship product is QQ Reading, a unified mobile content aggregation and distribution platform. As of December 31, 2017, its content library comprised a proprietary catalog of literature across 200 genres totaling 10.1 million works, including 9.7 million original literary works created by 6.9 million writers on its platform; 280,000 works sourced from third-party online platforms; and 140,000 e-books. It is also involved in the self-operated channels business on partner distribution platforms. In addition, the company licenses the content to third-party partners, such as Baidu, Sogou, JD.com, and Xiaomi Duokan for distribution, as well as offers online paid reading and content adaptations into various entertainment formats. Further, it provides copyright commercialization, writer cultivation and brokerage, and related services, as well as text work reading and related open platforms through technology methods and digital media, including personal computers, Internet, and mobile networks. Additionally, China Literature Limited engages in the intellectual property operations and management, physical book, and online radio businesses. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China. China Literature Limited is a subsidiary of Tencent Holdings Limited.