On Oct 27 Hongguo Short Drama said on its official account that online reports claiming annualized revenue near 40 bln yuan and this year’s revenue of 42–45 bln yuan are inaccurate. The company said cited “institutional,” “industry” and “expert” figu

2026-10-27

On Oct 27 Hongguo Short Drama said on its official account that online reports claiming annualized revenue near 40 bln yuan and this year’s revenue of 42–45 bln yuan are inaccurate. The company said cited “institutional,” “industry” and “expert” figures are not official and related comparisons, extrapolations and interpretations lack factual basis. It added most revenue is being allocated to creator revenue-sharing, copyright minimum guarantees and support for premium content as it grows with short-drama industry partners.

Other News
2026-10-27

TASS reports Putin, Norway's prime minister and Finland's president discussed security in the Baltic and Nordic regions.

2026-10-27

A Blue Horizon Project article states that Democratic campaign ads in the final stages of the US midterm elections primarily revolved around healthcare, the cost of living, and taxes, rather than a blanket opposition to the tech industry. According t