Webnovel Presents at StoryDrive Asia 2018, Shares Business Model with Content Developers

SINGAPORE,Nov. 30,2018 --Webnovel,the global e-publishing arm of China Literature (0772.HK),China's leading online literature company,has presented its vision for a robust online publishing ecosystem at StoryDrive Asia 2018 in Singapore. Liu Yuren,Head of Content at Webnovel,delivered a keynote address on the company's missions of discovery and innovation in the global market.

At the conference,Liu demonstrated how Webnovel has created a new ecosystem where authors,platforms and readers can work together to reshape the online publishing industry. Measures taken include author support,interactive community and Intellectual Property (IP) development.

"Discoveries and achievements at StoryDrive Asia 2018 can bring further development to the Asian and global content industry. As a key player in the Chinese content market,Webnovel will keep innovating and updating our business by exploring more possibilities for crossover cooperation in content development,sharing the prosperity of Asia's creative industries," Liu said.

Liu Yuren,gave a speech at StoryDrive Asia 2018

Author Support

Webnovel offers support from story creation to publishing. An editorial team from Webnovel provides professional writing advice to authors when they create their own story on the portal. Their stories then publish across media platforms including app,mobile and PC,achieving immense exposure to millions of Webnovel users. Royalty payment and Contracted Works Guarantee systems are applied afterwards to ensure authors' earnings.

Interactive community

Webnovel offers diversified interactive community services for authors and readers,where they can not only support and encourage their favorite authors and translators but also learn and grow through sharing reading and writing experiences and discussion in the community.

Webnovel's homepage

IP development

Authors on the platform have the chance to participate in the commercialization of their works. They can bring their characters and stories beyond the pages,such as movies,TV shows,animations,and video games. Webnovel has introduced popular Chinese stories,such as "The King's Avatar" and "Library of Heaven's Path",to global readers,and quality novels from around the world,such as Number One Dungeon Supplier,to China.

Based on its experience transforming stories to movies,comics and games,Webnovel can move forward to cooperate with more quality content developers in a diverse way.

Founded in 2017,Webnovel has gathered more than 5,000 international authors and more than 200 individual translators and groups,who have published 200 English translated works and 9,000 original stories.

Rich content and categories on Webnovel

About StoryDrive Asia 2018

Organized by Singapore Book Publishers Association and Frankfurter Buchmesse GmbH,StoryDrive Asia 2018 provides professionals from diverse industries in Southeast Asia with opportunities to network,learn and share via presentations,intensive workshops,and business pitching sessions. These professionals include audiobook producers and professionals in publishing,software and gaming,and digital media.

About Webnovel

Webnovel,a global fictional stories hub,was officially launched in 2017 as an overseas portal of China Literature,which is China's largest online literature platform. With a comprehensive platform,both on website and app,it is committed to the global dissemination of web novels,bringing more value to authors worldwide and delivering high-quality web novels and an excellent reading experience to global readers. Download Webnovel app on Android and iOS.

For inquiries about Webnovel,visit its website or its Facebook,Instagram,and Twitter accounts.

Website: www.webnovel.com

Facebook: webnovel

Twitter: @lovewebnovel

Instagram: @thewebnovel

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