Categories: Social Media News

Shanda Literature Acquires Zubunet.com

Shanda Literature, the Internet literature subsidiary of China’s Shanda Interactive Entertainment Limited, has announced that it has acquired the Chinese digital periodical website Zubunet.com.

According to Shanda Literature, Zubunet.com’s resources will be integrated into its Cloudary, which is a cloud library, and will further achieve a seamless access to its electronic reader product Bambook.

With over three million registered users, Zubunet.com is a leading Chinese digital periodical website that is committed to providing the best electronic magazines to users. It has reached deals with Chinese telecom operators in comprehensive mobile publishing, offering services to China’s 700 million mobile phone users and 300 million computer users.

So far, Shanda Literature owns seven Chinese literature websites and has reached in-depth cooperation with four publishing planning companies. Its Cloudary currently has the copyrights of over three million literal works, 60 billion Chinese character original contents, over 1,000 kinds of e-magazines, and a daily update of 100 million characters.

Financial terms of the acquisition have not yet been released.

Social Media Asia Editor

Recent News

Albania to ban TikTok for a year as PM Edi Rama claims app inciting violence and bullying

The Albanian government plans to block access to TikTok for a year after the killing…

22 hours ago

Albania bans TikTok for one year after teen stabbing incident, the company reacts

Albania’s Prime Minister Edi Rama announced that the country will be banning TikTok for one…

23 hours ago

Ukraine’s Drones Wreak Havoc in Russia’s BRICS Summit Host City

What's NewOfficials in Russia say drones launched by Kyiv have hit Kazan, a city more…

2 days ago

What if Russia wins in Ukraine? We can already see the shadows of a dark 2025

There are human activities in which both sides can win. War is not one of…

2 days ago

US Senate passes spending legislation to avert government shutdown

The US Congress passed spending legislation early on Saturday in a down-to-the wire burst of…

2 days ago

Manila Cathedral to bless Nativity infants

AHEAD of the celebration of Christmas Day, the Manila Cathedral in Intramuros is inviting the…

2 days ago