China Literature warns of coronavirus effect on video and film business

Tencent unit plans to prioritize online videos as outbreak keeps cinemas closed

20200317N china literature logo (REUTERS)

China Literature is an online publisher owned by Tencent Holdings. © Reuters

HONG KONG (Nikkei Markets) -- Online publisher China Literature on Tuesday cautioned the new coronavirus outbreak could hobble growth in its online video and film production business, a segment that spurred a more than 20% growth in its profit last year.

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