A One-Handed Format: Duanju at Home
It’s a format, rather than a company, that opens the story of Chinese short drama. Rendered literally, the Chinese term duanju means “short drama”, and it refers to vertical series composed at 9:16 for a phone held in a single hand. Since episodes run between one and two minutes, a single title typically takes 20 to 100 episodes. The storylines draw on a dependable set of premises: dramaboxdb billionaire and CEO romance, revenge plots, family feuds and hidden-identity reveals. A whole episode has to connect before the viewer’s thumb scrolls on, so it matters that every one of those premises can be absorbed in seconds. Seen as a business, the format addresses a question ordinary television seldom had to ask, in other words how to sell a story in chunks small enough to price one at a time. Under different names, including microdrama, vertical drama and mobile drama, English-language audiences now meet the same product. Each stage of the timeline that follows is connected by this pay-per-piece logic.
2020: The NRTA Gives the Genre Official Standing
It’s an administrative milestone, rather than a commercial one, that comes first. In 2020, duanju was officially acknowledged as a genre by the Chinese regulator, the NRTA. Because recognition converts a vague category of online clips into something that can be classified, counted and supervised, that step matters more than it might seem. An officially named genre can be followed from one year to the next, which is what lets later figures about the sector to be compared at all. None of this guaranteed commercial success, and regulatory attention can cut both ways for a new industry. It did, however, move short drama from the edges of online video toward the status of an industry with its own data. That data, four years later, showed a sector large enough to be measured against the country’s movie theaters.
2024: The Year Short Drama Outearned the Box Office
How far the format had come is shown most clearly by the home-market figures for 2024. Short drama revenue in China climbed to 50.5 billion yuan, or about $7 billion, according to data published in mid-2025. For an industry founded on one- and two-minute episodes, it was a telling crossover: the first year the sector out-earned China’s box office. Producers rolled out more than 30,000 titles in 2024. Figures placed the audience over the same twelve months at 662 million viewers. A business rolling out tens of thousands of titles a year is testing premises at scale, so this volume says as much about the industry’s structure as the revenue does. Intense competition is implied too, since every one of those titles is vying for the same few minutes of a viewer’s day. Even so, the overseas push had not waited for this milestone: by 2024 several Chinese-linked companies were already selling the same model abroad.
Going Overseas: The Chinese-Linked Apps Powering the Export Wave
The first mover was ReelShort, which debuted in August 2022. Running the app is Crazy Maple Studio of Sunnyvale, California, which is supported by China-based COL Group. Then came DramaBox in April 2023. Its developer is Beijing Dianzhong Technology, and StoryMatrix, that company’s Singapore subsidiary, is its owner. In June 2023 GoodShort arrived under Singapore New Reading Technology; that company is reportedly tied to Beijing New Reading Times, but that parent link rests on a weaker source. For the United States, Canada and Australia, Jiuzhou Culture launched ShortTV, alongside 99TV for Southeast Asia, and the evidence suggests that ShortMax is the same app under another name, even though no rename has been formally announced. Kunlun Tech arrived in September 2024 with DramaWave, released through its Skywork AI business, and its FreeReels app led global downloads in the first quarter of 2026, according to Sensor Tower. What keeps recurring is a Western-facing entity in California, Singapore or Hong Kong in front of a business whose capital or parentage traces back to China. Much of that corporate map is invisible to people who watch dramas online in English: all they notice is a vertical streaming service with a free opening and a paywall.
| Company behind it | App name | China connection | Launch |
|---|---|---|---|
| Crazy Maple Studio (Sunnyvale, California) | ReelShort | Supported by China-based COL Group | August 2022 |
| StoryMatrix Pte. Ltd. (Singapore) | DramaBox | A subsidiary of Beijing Dianzhong Technology | April 2023 |
| Singapore New Reading Technology Pte. Ltd. | GoodShort | Reportedly under Beijing New Reading Times | June 2023 |
| SHORTTV LIMITED (Hong Kong) | ShortTV / ShortMax | Jiuzhou Culture; both names appear to belong to one app | September 2023 |
| SKYWORK AI PTE LTD | DramaWave | Part of Kunlun Tech’s Skywork AI business | September 2024 |
| Kunlun Tech | FreeReels | Kunlun Tech app | Not officially confirmed; top global downloads in Q1 2026 |
| Holywater (founded in Kyiv, 2020) | My Drama | No Chinese link; Fox Entertainment has held a stake since October 2025 | Spring 2024 |
Dubbed Imports Against Western Originals
After the apps existed, the strategic question became what to put on them. Per a China Daily report from January 2024, Jiuzhou answered by drawing heavily on its home catalogue. It had made more than 600 mini-dramas for overseas markets: about 80 percent were dubbed Chinese adaptations and 20 percent were original overseas productions. A 70-episode series cost $100,000 to $150,000 by the estimate of the same report. Dubbing makes good sense for a company with a deep domestic library, because it prolongs the life of titles that have already been paid for. While Western originals are more expensive, with TheWrap citing $150,000 to $300,000 per series shot in eight to ten days, they reach the audience without a translation layer. TheWrap reported in October 2024 that about 75 percent of ReelShort’s users were women and about half were in the US, so that audience is well defined. DramaBox runs 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 attracted companies without Chinese roots; its My Drama app took 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 Say
Multiple research firms were tracking the overseas business by 2025, and their figures diverge in revealing 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 accounting for 49 percent, or roughly $350 million. Sensor Tower’s data puts whole-year in-app revenue at about $2.8 billion to $3 billion, up roughly 115 percent, although different reports of the same dataset quote slightly different totals. Omdia takes a broader view: it puts total microdrama revenue at $11 billion in 2025, with $3 billion of it earned outside China, and predicts $14 billion by the end of 2026. Omdia also projects the US to reach $1.5 billion in 2026, which would be half of all revenue outside China. Media Partners Asia, in estimates 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. MPA estimates ReelShort’s revenue at $785 million in 2025; for 2026 it projects $1.05 billion, with about $40 million in net profit. Nothing in its work is more telling for this timeline than 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.
Reading the Timeline Into the Future
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Several patterns become clear when the milestones are lined up end to end. First, the overseas business still looks limited next to its origin: Omdia’s figures imply that most microdrama revenue in 2025 was earned inside China. After triple-digit growth across 2025, Sensor Tower places the first quarter of 2026 at about $750 million, up 20 percent year over year, which suggests the second pattern, a likely slowing of growth. As DramaBox and ReelShort each earning about $140 million in that quarter, the contest at the top has tightened as well. Monetization has settled into a recognizable shape, and a weekly VIP pass costs about $19.99 in the US App Store for apps including ReelShort, ShortMax, DramaWave, GoodShort and My Drama 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 passed $700 million by the second quarter of 2026, reportedly produces more than 80 percent of its new releases with AI. Regardless of whether dubbed imports, Western originals or AI output come out on top in the next phase, the product is still what duanju producers built at home: a story sold a minute at a time.
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