15 hours ago
IReader Technology Soars to Upper Limit Amid Overseas Boom
TMTPOST —iReader Technology Co., Ltd. (掌阅科技) led gains in the short drama sector by hitting the daily upper price limit , with Huanrui Century, COL Group, Ronshin Group, Hicon Network Technology, and Kunlun Tech following closely. Market sentiment strengthened around short drama concepts as overseas expansion accelerates amid intensifying domestic competition. Supporting details highlight rapid overseas market growth in recent years, with many Chinese short drama producers shifting focus abroad. One Guangzhou-based company reported a sharp surge in AI-powered short drama export orders this year, achieving fivefold year-on-year growth in completed productions, with full-year output projected to increase up to 50 times. This momentum underscores the short drama industry's transition toward global markets and AI integration. As overseas demand expands rapidly, Chinese firms are well-positioned to capture larger shares in the fast-growing international micro-drama sector, driving innovation, revenue diversification, and enhanced competitiveness in the global content landscape.
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