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Nikkei Markets

China Literature readies free app as paid user numbers fall

New Classics Media will meet guaranteed profit targets, executives say

Executives at China Literature said the pandemic has had a nuanced effect on revenue streams.   © Reuters

HONG KONG (Nikkei Markets) -- Online publisher China Literature, a subsidiary of internet services major Tencent Holdings, unveiled plans to boost advertising revenue with a free reading application after suffering a decline in users for its paid reading app last year.

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