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"jinjiang collapsed" became a hot search, with annual revenue exceeding 1 billion yuan! quick response: please postpone reporting errors

2024-09-15

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on the afternoon of september 14, many netizens posted that "jinjiang has collapsed". in response, jinjiang literature city issued an announcement on its official weibo account,due to network operator line failure,this may cause users in some regions to be unable to log in, purchase or read normally.please hold off on reporting errors. our technical support department is currently coordinating and processing the issue urgently. we will notify you as soon as the issue is resolved.

afterwards, the topic #jinjiangcollapsed# topped the weibo hot search list.

some netizens joked: "i doubt that china mobile, china unicom and china telecom don't doubt you." others questioned: "you top up so much money just to make your phone crash every other day." "are you sure it's only in certain areas? is it possible?"

public information shows that jinjiang literature city was founded in august 2003 and is a large-scale original base for women's online literature.

according to tianyancha, jinjiang literature city has more than 5.44 million online novels, nearly 10,000 novels have been published, more than 250,000 copyright works have been signed, and an average of more than 2,800 new copyrights are signed every month. there are more than 2.45 million registered authors, the average daily updated word count exceeds 36 million, and the website has published more than 126.7 billion words in total.

the company to which jinjiang literature city belongs is beijing jinjiang original network technology co., ltd., which was established in 2006 and is a member of shenzhen litong industrial investment fund. it is located in beijing and is an enterprise mainly engaged in technology promotion and application services with a registered capital of rmb 11.1 million.

a 50% stake in beijing jinjiang original network technology co., ltd. is held by shanghai hongwen network technology co., ltd. (shanda literature), while jinjiang literature city founder, chairman and general manager huang yanming and founder and president liu xudong hold 30% and 20% of the shares respectively.

it is worth mentioning that in 2014, tencent literature acquired shanda literature and jointly established a new company, china literature group.

according to the 2023 annual report of china literature group, jinjiang literature city achieved a revenue of 1.416 billion yuan in 2023 and a profit of 456 million yuan during the year.

according to statistics from public information, from 2020 to 2023, the revenue of jinjiang literature city was 1.036 billion yuan, 1.25 billion yuan, 1.315 billion yuan and 1.416 billion yuan respectively, and the profit was 330 million yuan, 418 million yuan, 452 million yuan and 456 million yuan respectively. the revenue and profit have been in a state of continuous increase.