From Time magazine: “Shanda Literature, which controls over 90% of China’s online-reading market, rakes in an estimated revenue of 100 million yuan ($15 million) per year. Running three popular online-novel websites, Shanda boasts a total readership of 25 million and is growing at 10 million per year, according the company.” The article points out how censorship may even be the motivation there to express oneself with words. More from Mobylives. Regarding Penguin UK’s “We Tell Stories”, Robin from Snarkmarket asks “However, crucial question: Did it sell any books?” I don’t know how we can qualify that as of yet, but at the very least these projects remind people that well, literature exists and is enjoyable.

Posted by Joanne on Mar 19, 2009 | Comments | Link

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