A One-Handed Format: Duanju Where It Began
It’s a screen format, not a corporation, that opens the tale of Chinese short drama. The Chinese term duanju, which “short drama” renders literally, describes vertical series framed at 9:16 for a phone held in one hand. Episodes last from one to two minutes, and a single title normally runs to 20 to 100 episodes. The storylines draw on a dependable, well-worn kit of premises: tales of revenge, billionaire and CEO romance, identity reveals and family conflict. Each one of those setups can reelshort online be understood in seconds, and that matters when a whole episode has to hit home before the viewer’s thumb moves on. Looked at as a business, the format answers a question regular television rarely had to ask, namely how to sell a story in pieces small enough to price one at a time. Viewers in English-speaking markets now run into the same product under other names, among them microdrama, vertical drama and mobile drama. That pay-per-piece logic is the thread tying together every stage of the timeline ahead.
2020: The NRTA Makes the Genre Official
Regulatory rather than commercial: that is the nature of the earliest milestone. In 2020, the NRTA, the Chinese regulator, officially classified duanju as a genre. That step counts more than it might seem, because recognition turns a loose category of online clips into something that can be counted, classified and supervised. Since a named genre can be monitored from one year to the next, later figures about the sector can be compared at all. A regulator’s attention can cut both ways for a young industry, and nothing about this guaranteed commercial success. What recognition did was push 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 big enough to be measured against the country’s cinemas.
2024: The Year Short Drama Overtook the Box Office
The domestic figures for 2024 are the clearest measure of how far the format had come. Short drama revenue in China came to 50.5 billion yuan, or about $7 billion, according to numbers made public in mid-2025. It marked the first time the sector out-earned China’s box office: a symbolic crossover for an industry made of one- and two-minute episodes. In 2024, studios put out more than 30,000 titles. The audience over the same twelve months was estimated at 662 million viewers. That volume is as informative about the industry’s makeup as the revenue is: a business releasing tens of thousands of titles a year is testing concepts at scale. It also implies intense competition, since every one of those titles is fighting for the same few minutes of a viewer’s day. By 2024, however, several Chinese-linked companies were already offering the same model abroad, as the push abroad had not waited for this milestone.
Going Overseas: The Chinese-Linked Apps Driving the Export Wave
ReelShort went live in August 2022 and was the first to move. Crazy Maple Studio of Sunnyvale, California, operates it, and China-based COL Group stands behind the studio. In April 2023 DramaBox followed, developed by Beijing Dianzhong Technology and owned by that company’s Singapore subsidiary, StoryMatrix. GoodShort appeared in June 2023 under Singapore New Reading Technology, reportedly linked to Beijing New Reading Times, although that parent link rests on a shakier source. Jiuzhou Culture launched ShortTV for the United States, Canada and Australia, together with 99TV for Southeast Asia. The evidence suggests ShortMax is the same app under a different name, although no rename has been formally announced. DramaWave, released through Kunlun Tech’s Skywork AI business, was the company’s entry in September 2024, and the company’s FreeReels app led global downloads in the first quarter of 2026, according to Sensor Tower. A business whose capital or parentage traces back to China, fronted by a Western-facing entity in California, Singapore or Hong Kong: that is the recurring pattern. What people who watch dramas online in English actually see is a vertical streaming service with a free opening and a paywall; that corporate map is mostly invisible to them.
| Company | App name | Chinese tie | Launch |
|---|---|---|---|
| Crazy Maple Studio (Sunnyvale, California) | ReelShort | Supported by China-based COL Group | August 2022 |
| StoryMatrix Pte. Ltd. (Singapore) | DramaBox | A Singapore subsidiary of Beijing Dianzhong Technology | April 2023 |
| Singapore New Reading Technology Pte. Ltd. | GoodShort | Reportedly belongs to 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 | An app from Kunlun Tech | Not confirmed; highest global downloads in Q1 2026 |
| Holywater (founded in Kyiv, 2020) | My Drama | No link; stake held by Fox Entertainment since October 2025 | Spring 2024 |
Dubbed Imports vs. Western Originals
The strategic question, after the apps existed, was what to put in them. In January 2024, China Daily reported that Jiuzhou’s answer drew heavily on its domestic catalogue. The company had made more than 600 mini-dramas for overseas markets: about 80 percent of them were dubbed Chinese adaptations and 20 percent were original overseas productions. A 70-episode series cost $100,000 to $150,000 according to the same report. Because dubbing extends the life of titles that have already been paid for, it makes obvious sense for a company with a large domestic library. Although Western originals cost more, with TheWrap citing $150,000 to $300,000 per series shot in eight to ten days, they reach the audience without a translation layer. This audience is specific: in October 2024, TheWrap reported that about 75 percent of ReelShort’s users were women and about half were in the US. Series such as Fake Dating My Rich Nemesis appear in the library of DramaBox, which operates a production team in Los Angeles. The originals market has also attracted companies without Chinese roots, most notably Holywater, whose 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
The overseas business had drawn the attention of several research firms by 2025, and their estimates diverge in telling ways. In the first quarter of 2025, global in-app revenue for short-drama apps stood 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, though different reports of the same dataset quote slightly different totals. A wider view comes from Omdia, which puts total microdrama revenue at $11 billion in 2025, with $3 billion earned outside China, and projects $14 billion by the end of 2026. Omdia also expects the US to hit $1.5 billion in 2026, which would be half of all revenue outside China. Media Partners Asia, in estimates reported in August 2026, placed revenue outside China at $2.7 billion for 2025, $3.6 billion for 2026 and $9.5 billion by 2031. For ReelShort, MPA puts revenue of $785 million in 2025 and forecasts $1.05 billion in 2026, with about $40 million in net profit. The most revealing 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.
Reading the Timeline Ahead

Line up the milestones end to end and a number of patterns stand out. 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. The second is a likely cooling of growth, with Sensor Tower putting the first quarter of 2026 at about $750 million, up 20 percent year on year, after triple-digit growth across 2025. The contest at the top has grown closer as well, with DramaBox and ReelShort each earning about $140 million in that quarter. Monetization has settled into a recognizable shape, and a weekly VIP pass costs about $19.99 in the US App Store for apps such as ReelShort, ShortMax, DramaWave, GoodShort and My Drama as of September 2026, although prices vary by country, platform and promotion. DramaWave, whose annualized revenue topped $700 million by the second quarter of 2026, reportedly generates more than 80 percent of its new releases with AI, so production is the area most likely to change next. The product remains the one duanju producers built at home, a story sold a minute at a time, whether dubbed imports, Western originals or AI output claim the next phase.
