Chinese digital content provider COL sees overseas business revenue up 19 pct on-yr in 2021

People experience e-books at Shanghai Book Fair in east China's Shanghai, Aug. 23, 2016. (Xinhua/Fang Zhe)

Chinese digital content provider COL Digital Publishing Group Co.,Ltd. (COL, 300364.SZ) saw its overseas business revenue up 19 percent year on year to nearly 600 million yuan in 2021, according to the company's filing with the Shenzhen Stock Exchange on April 24.

The company's total operating revenue in 2021 increased 21.82 percent year on year to 1.189 billion yuan, hitting a record high.

During the same period, its net profit attributable to shareholders was 98.79 million yuan, surging 101.93 percent year on year.

China has been exporting more and more online literature works in recent years. Data from Leadleo research institute showed that the exports of China's online literature works is expected to reach 19.335 billion yuan in 2025, with the number of overseas online readers increasing to 1.329 billion.

Riding on the rising trend, COL has launched the interactive reading platform Chapters, animation platform Spotlight and romantic novel reading platform Kiss to cater to the changing needs of foreign readers.

So far, COL has nearly 30 million users abroad. It has delivered thousands of Chinese online literature works to overseas markets in more than ten languages including English, Korean, Thai, German, Russian and French, according to Tong Zhilei, founder and CEO of COL.