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A Format Built for One Hand: Duanju in Its Home Market

The story of Chinese short drama opens with a screen format rather than a single company. Duanju, the Chinese term that “short drama” translates literally, describes vertical series framed at 9:16 for a phone gripped in one hand. With episodes lasting one to two minutes, a single title usually stretches across 20 to 100 instalments. The storylines are drawn from a reliable set of premises: billionaire and CEO romance, revenge, reveals of identity and family strife. Being easy to absorb in seconds counts for each of those premises, because an entire episode has to register before the viewer’s thumb moves on. Considered as a business, the format solves a question regular television watch My Mafia Love hardly ever had to ask, namely how to sell a story in chunks small enough to price one at a time. Under other labels, including microdrama, vertical drama and mobile drama, English-language audiences now encounter the same product. Through every stage of the timeline below, that pay-per-piece logic is the thread.

2020: The NRTA Gives the Genre Official Standing

Administrative rather than commercial: that is the nature of the first milestone. In 2020, the Chinese regulator, the NRTA, formally recognized duanju as a genre. The step matters more than it might seem: recognition converts a shapeless category of online clips into something that can be classified, counted and supervised. A named genre can be monitored from one year to the next, which is what lets later figures about the sector to be compared at all. None of this ensured commercial success, and a regulator’s attention can cut both ways for a new industry. The effect was to shift short drama from the margins of online video toward the status of an industry with its own data. Four years later, the data revealed a sector big enough to be compared against the country’s movie theaters.

2024: The Year Short Drama Out-Earned the Box Office

The figures from inside China for 2024 are the most obvious measure of how far the format had come. In China, short drama revenue hit 50.5 billion yuan, equal to about $7 billion, going by data published in mid-2025. That year marked the first time the sector out-earned China’s box office: a symbolic crossover for an industry built on one- and two-minute episodes. The audience that year was estimated at 662 million viewers. Over the same twelve months, studios rolled out more than 30,000 titles. A business releasing tens of thousands of titles a year is trialing premises at scale, so that volume reveals as much about the industry’s structure as the revenue does. The volume also implies fierce competition: every one of those titles is fighting for the same few minutes of a viewer’s day. Still, the push abroad had not waited for this milestone: by 2024 several Chinese-linked companies were already marketing the same model abroad.

Going Abroad: The Chinese-Linked Apps Driving the Export Wave

ReelShort came first out of the gate, launching in August 2022. It is managed by Crazy Maple Studio of Sunnyvale, California, and the studio is backed by China-based COL Group. DramaBox arrived next in April 2023; it is developed by Beijing Dianzhong Technology and owned by that company’s Singapore subsidiary, StoryMatrix. GoodShort launched in June 2023 under Singapore New Reading Technology, a company reportedly connected to Beijing New Reading Times, though that parent link rests on a less solid source. Besides 99TV for Southeast Asia, Jiuzhou Culture introduced ShortTV for the United States, Canada and Australia; no rename has been officially announced, but the evidence suggests ShortMax is the same app under a different name. DramaWave, released through Kunlun Tech’s Skywork AI business, marked the company’s entry in September 2024, and the company’s FreeReels app topped global downloads in the first quarter of 2026, according to Sensor Tower. What recurs is a Western-facing entity in California, Singapore or Hong Kong fronting a business whose capital or parentage goes back to China. Much of that corporate map is invisible to people who watch dramas online in English: what they see is a vertical streaming service with a free opening and a paywall.

Operator App name Chinese tie Launch
Crazy Maple Studio (Sunnyvale, California) ReelShort China-based COL Group backs it August 2022
StoryMatrix Pte. Ltd. (Singapore) DramaBox Singapore subsidiary of Beijing Dianzhong Technology April 2023
Singapore New Reading Technology Pte. Ltd. GoodShort Reportedly part of Beijing New Reading Times June 2023
SHORTTV LIMITED (Hong Kong) ShortTV / ShortMax Jiuzhou Culture; the two names appear to be a single app September 2023
SKYWORK AI PTE LTD DramaWave Sits within Kunlun Tech’s Skywork AI business September 2024
Kunlun Tech FreeReels An app from Kunlun Tech Not confirmed; topped global downloads in Q1 2026
Holywater (founded in Kyiv, 2020) My Drama No Chinese link; Fox Entertainment stake since October 2025 Spring 2024

Dubbed Imports or Western Originals

What to put in the apps became the strategic question as soon as they existed. Jiuzhou’s answer, as reported by China Daily in January 2024, drew heavily on its home catalogue. Of more than 600 mini-dramas it had made for overseas markets, about 80 percent were dubbed Chinese adaptations and 20 percent were original overseas productions. According to the same report, a 70-episode series cost $100,000 to $150,000. Dubbing stretches the life of titles that have already been paid for, so it makes clear sense for a company with a deep domestic library. Western originals cost more to make, with TheWrap citing $150,000 to $300,000 per series shot in eight to ten days, but they reach the audience without a translation layer. This audience is well defined: TheWrap reported in October 2024 that about 75 percent of ReelShort’s users were women and about half were in the US. DramaBox maintains a production team in Los Angeles, and its library includes titles such as Fake Dating My Rich Nemesis. Most visibly, Holywater shows that the originals market has also drawn in companies without Chinese roots; its My Drama app received an equity investment from Fox Entertainment in October 2025, along with a Fox commitment to produce more than 200 vertical titles over two years.

2025 and 2026: What the Market Trackers Show

By 2025 several research firms were following the overseas business, and their figures differ in telling ways. In the first quarter of 2025, global in-app revenue for short-drama apps came to about $700 million, according to Sensor Tower, with the United States contributing 49 percent, or roughly $350 million. Different reports of the same dataset cite slightly different totals, but for the full year Sensor Tower’s data places in-app revenue at about $2.8 billion to $3 billion, up roughly 115 percent. Taking a wider view, Omdia estimates total microdrama revenue at $11 billion in 2025, $3 billion of it earned outside China, and forecasts $14 billion by the end of 2026. Omdia also expects the US to hit $1.5 billion in 2026, or half of all revenue outside China. Estimates from Media Partners Asia, reported in August 2026, put revenue outside China at $2.7 billion for 2025, $3.6 billion for 2026 and $9.5 billion by 2031. ReelShort’s revenue comes to $785 million in 2025 by MPA’s estimate, and MPA forecasts $1.05 billion in 2026, with about $40 million in net profit. The most telling figures for this timeline are its market-share estimates: ReelShort at about 29 percent outside China, DramaBox at 21 percent, DramaWave at 13 percent and GoodShort at 6 percent, roughly 69 percent combined for four apps with Chinese links.

Looking Ahead Along the Timeline

Laid end to end, the milestones show several clear patterns. The first point is one of scale: the overseas business still looks modest next to its origin, as Omdia’s figures imply that most microdrama revenue in 2025 was earned inside China. The second pattern is that growth is likely slowing, as Sensor Tower puts the first quarter of 2026 at about $750 million, up 20 percent year on year, after triple-digit growth across 2025. At the top, competition has tightened too: DramaBox and ReelShort each brought in about $140 million in that quarter. Monetization has settled into a recognizable shape: across apps such as ReelShort, ShortMax, DramaWave, GoodShort and My Drama, a weekly VIP pass costs about $19.99 in the US App Store as of September 2026, although prices vary by country, platform and promotion. Production is the area most likely to change next, because DramaWave, whose annualized revenue topped $700 million by the second quarter of 2026, reportedly produces more than 80 percent of its new releases with AI. The product is still the one duanju producers built at home, a story sold a minute at a time, whether dubbed imports, Western originals or AI output win the next phase.

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