Dramabox Movies Chinese Drama Network Micro-skit Head Enterprise, Had Rushed to IPO Failed!

On March 11, 2024, a Chinese drama story about a couple making more than $400 million a month doing sketches hit the news.

According to the 21st Century Business Review, Dramabox executives revealed that the company's monthly top-up revenue, which began in September last year, has stabilized at between 4 and 5 billion.

Chen Ruiqing currently serves as the chairman of the board of directors of Dramabox. According to public information, Chen Ruiqing, born in 1972, graduated from Zhejiang University, majoring in computer software. He served as vice president of China Mobile's Aspire Digital, and was one of the main persons in charge of the “Mobile Dream Network” business.

Currently, Dramabox owns products such as “河马剧场”, “繁花剧场”, “点众阅读”, “点众文学”, “Webfic”, “点众剧场”, etc. It has close cooperation with more than 300 famous content manufacturers at home and abroad, and owns more than 300,000 books of various quality copyrights. “Webfic”, and “点众剧场”. Close cooperation with more than 300 well-known content manufacturers at home and abroad, with more than 300,000 high-quality copyrights of various types. 800 million registered users worldwide, with more than 300 million monthly active users.

In September 2019, the company under Dramabox movies officially launched its overseas digital reading business, and synchronized the launch of “Webfic” App globally, which now covers more than 160 countries and regions around the world. At present, it has covered more than 160 countries and regions around the world, and has launched more than 2,000 works in more than 10 languages, including English and Spanish. There are more than 60 million registered users, and the number of downloads and clicks of works has reached 500 million.

In September 2022, the company in which Dramabox movies is based formally launched the pilot operation of online short drama and micro short drama business, realizing the integrated production of script adaptation, film shooting and content distribution.

As of November 2023, the cumulative number of registered users of the whole platform of Dramabox short Chinese drama products was 400 million, and the monthly active users were 160 million.Li Jiang, the executive president of Dramabox Movies, revealed in an interview that the total number of short dramas of Dramabox going overseas was about 300, including more than 20 original short dramas overseas.4 of them have become explosive, of which the production of one month, is about 50-60 pieces. 4 of them have become hit, of which the production of one month is about 50-60.

This includes Back to the 80s, which was a big hit during the Spring Festival.The short Chinese drama on the theme of crossing over, which was released by Dramabox in cooperation with Mimeng's team, was revealed to have been recharged with more than 20 million yuan on the day of its launch. According to a research report by China Nanjing Securities, Back to the 80s took 10 days to shoot and invested about 90,000 yuan in post-production. In addition, STORYMATRIX TECHNOLOGY SINGAPORE PTE.LTD. is also involved in the production of a number of popular short dramas such as Erst Heirat, dann Liebe and Trails of Hope: His Journey Back Home (DUBBED).