A Format Shaped for One Hand: Duanju at Home
The account of Chinese short drama starts with a viewing format rather than a corporation. The Chinese word duanju, which “short drama” translates literally, refers to vertical series framed at 9:16 for a phone held in a single hand. The episodes last between one and two minutes, and a single title generally stretches across 20 to 100 instalments. The plots come from a dependable kit of premises: revenge, billionaire and CEO romance, hidden-identity reveals and family strife. Being graspable in seconds is important for every one of those premises, because an entire episode has to land before the viewer’s thumb swipes away. Conventional television rarely had to ask how to sell a story in slices small enough to price one https://www.reelshorts.org/ at a time, but seen as a business, this format solves exactly that question. Under different names, including microdrama, vertical drama and mobile drama, English-speaking audiences now encounter the same product. That pay-per-piece logic is the thread woven through every stage of the timeline that follows.
2020: The NRTA Puts the Genre on the Official Map
The earliest milestone is regulatory rather than commercial. In 2020, duanju was officially acknowledged as a genre by China’s regulator, the NRTA. Since recognition turns a loose category of online clips into something that can be classified, counted and supervised, that step matters more than it might appear. Tracking a named genre from one year to the next is feasible, and that is what lets later statistics about the sector to be compared at all. A regulator’s attention can cut both ways for a young industry, and nothing about this guaranteed commercial success. Short drama was moved from the margins 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 Overtook the Box Office
For the clearest measure of how far the format had come, consider the home-market figures for 2024. Short drama revenue in China hit 50.5 billion yuan, or about $7 billion, according to numbers made public in mid-2025. For an industry founded on one- and two-minute episodes, it was a landmark crossover: the first year the sector out-earned China’s box office. Figures placed the audience that year at 662 million viewers. More than 30,000 titles arrived over the same twelve months. A business putting out tens of thousands of titles a year is trialing premises at scale, so this volume says as much about the industry’s makeup as the revenue does. The volume also points to intense competition: every one of those titles is fighting for the same few minutes of a viewer’s day. The drive abroad, however, had not waited for this milestone, and by 2024 several Chinese-linked companies were already marketing the same model abroad.
Moving Abroad: The Chinese-Linked Apps Powering the Export Wave
ReelShort launched in August 2022 and was the first to move. Crazy Maple Studio of Sunnyvale, California, manages it, and China-based COL Group stands behind the studio. DramaBox came next in April 2023; it is made by Beijing Dianzhong Technology and owned by that company’s Singapore subsidiary, StoryMatrix. GoodShort appeared in June 2023 under Singapore New Reading Technology, a company reportedly connected to Beijing New Reading Times, though that parent link rests on a weaker source. Jiuzhou Culture launched ShortTV for the United States, Canada and Australia, alongside 99TV for Southeast Asia, and the evidence suggests ShortMax is the same app under a different name, though no rename has been formally announced. Kunlun Tech joined 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 recurs is a Western-facing entity in California, Singapore or Hong Kong fronting a business whose capital or parentage goes back to China. For people who watch dramas online in English, that corporate map is largely invisible; what they see is a vertical streaming service with a free opening and a paywall.
| Operating company | App | Chinese link | Launch |
|---|---|---|---|
| Crazy Maple Studio (Sunnyvale, California) | ReelShort | Backing from China-based COL Group | August 2022 |
| StoryMatrix Pte. Ltd. (Singapore) | DramaBox | 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 seem to be one app | September 2023 |
| SKYWORK AI PTE LTD | DramaWave | Part of Kunlun Tech’s Skywork AI business | September 2024 |
| Kunlun Tech | FreeReels | App owned by Kunlun Tech | Unconfirmed; topped global downloads in Q1 2026 |
| Holywater (founded in Kyiv, 2020) | My Drama | No link; Fox Entertainment stake since October 2025 | Spring 2024 |
Dubbed Imports or Western Originals
After the apps existed, the strategic question became what to stock them with. Jiuzhou’s answer, as reported by China Daily in January 2024, leaned heavily on its domestic catalogue. It had produced more than 600 mini-dramas for overseas markets: about 80 percent of them were dubbed Chinese adaptations and 20 percent were original overseas productions. The same report said, a 70-episode series cost $100,000 to $150,000. Since dubbing prolongs the life of titles that have already been paid for, it makes clear sense for a company with a large domestic library. While Western originals cost more, with TheWrap quoting $150,000 to $300,000 per series shot in eight to ten days, they reach the audience without a translation layer. In October 2024, TheWrap reported that about 75 percent of ReelShort’s users were women and about half were in the US; that audience, in other words, is specific. With a production team in Los Angeles, DramaBox carries titles such as Fake Dating My Rich Nemesis in its library. The originals market has also drawn in companies without Chinese roots, most prominently Holywater, whose My Drama app secured an equity investment from Fox Entertainment in October 2025 along with a Fox commitment to make more than 200 vertical titles over two years.
2025 and 2026: What Market Trackers Report
The overseas business had drawn the attention of several research firms by 2025, and their figures differ in telling ways. In the first quarter of 2025, worldwide in-app revenue for short-drama apps was estimated at about $700 million, according to Sensor Tower, with the United States contributing 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, estimating total microdrama revenue at $11 billion in 2025, with $3 billion of it earned outside China, and predicting $14 billion by the end of 2026. Half of all revenue outside China, $1.5 billion, is what Omdia also projects the US to reach in 2026. Media Partners Asia placed revenue outside China at $2.7 billion for 2025, $3.6 billion for 2026 and $9.5 billion by 2031 in estimates published in August 2026. MPA puts ReelShort’s revenue at $785 million in 2025; for 2026 it projects $1.05 billion, with about $40 million in net profit. MPA’s market-share estimates are the most telling for this timeline: ReelShort at about 29 percent outside China, followed by DramaBox at 21 percent, DramaWave at 13 percent and GoodShort at 6 percent, for a combined share of roughly 69 percent for four apps with Chinese links.
Reading the Timeline Into the Future
Put the milestones end to end and several patterns become clear. The first is that the overseas business still looks modest next to its origin, since Omdia’s figures imply that most microdrama revenue in 2025 was earned inside China. Second, growth is likely easing: after triple-digit growth across 2025, Sensor Tower puts the first quarter of 2026 at about $750 million, up 20 percent year on year. Among the leaders, competition has tightened too: DramaBox and ReelShort each earned about $140 million in that quarter. Prices vary by country, platform and promotion, but monetization has settled into a familiar shape, with a weekly VIP pass costing about $19.99 in the US App Store as of September 2026 for apps including ReelShort, ShortMax, DramaWave, GoodShort and My Drama. What is most likely to change next is production, 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. Whether dubbed imports, Western originals or AI output take the next phase, the product stays the one duanju producers built at home: a story sold a minute at a time.