May 2026
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Largest Content Production Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Bilibili, Enlight Media, Oriental Pearl Group, Perfect World Co. and China Film Group.
 | Bilibili is a Chinese online entertainment platform best known for its YouTube-like video-sharing site. Founded in 2009, it first focused on long-form content centered around anime, comics, and gaming, catering primarily to Gen Z users. Over time, the platform has broadened its content offerings to include a wider range of interests, successfully attracting a more diverse audience beyond the Gen Z demographic. | $18 | -6% | $7B | $5B | 1.2x | 8.7x | ||
| Beijing Enlight Media Co Ltd is a China-based company engages in the provision of multimedia video content services. Its main business is TV programs and film investment, making and distributing. TV programs including regular TV programs and acting activities broadcasted on television. Acting activities generally are broadcasted on television, belonging to the special type of TV program and drama series. | $2 | -24% | $6B | $5B | 8.8x | 17.2x | ||
| Oriental Pearl Group Co Ltd operates a media integration and distribution platform in China. The various business units of the company comprise Channel Products Operation, Video Shopping, and E-Commerce, Culture and Entertainment Themed Tourism, Mobile Transmissions and Video Games among others. | $2 | +44% | $5B | $4B | 3.6x | 12.6x | ||
| Perfect World Co Ltd is an entertainment company based in China, engaging in the production, distribution, and marketing of film and television content, content related advertising and merchandising business, as well as talent management business. | $2 | +9% | $4B | $4B | 3.8x | 20.6x | ||
| China Film Group Co Ltd is engaged in film and television production, film distribution, film screening, and film and television service business. The company's business includes six sectors: creation, distribution, screening, technology, services, and innovation, covering film and TV series production, post-product management; domestic and imported film promotion and distribution; cinema investment, theater chain management; film technology research and development, film and television equipment production and sales and technical services; film and television production, ticketing platform and financial leasing services and other fields. | $2 | +45% | $4B | $3B | 3.7x | 30.2x | ||
| China Literature Ltd is an investment holding company. The company along with its subsidiaries provides online reading services, copyright commercialization, writer cultivation and brokerage, and operation of text work reading. It generates its revenue from Online reading through self-owned platform products. it operates in two segments: Online business and Intellectual property operations and others. The Online business segment that derives the majority of revenue comprises online paid reading, online advertising, and game publishing. The Intellectual property operations and other segment include licensing and distribution of film and television properties, copyrights licensing, sales of adaptation rights and scripts, sales of physical books, and in-house online games operations. | $3 | -15% | $3B | $2B | 1.7x | 88.0x | ||
| Zhejiang Huace Film & TV Co Ltd operates as a film and television production company. It focuses on the creation of TV dramas, films, and various kinds of fine arts. | $1 | +41% | $3B | $2B | 5.6x | 31.5x | ||
| Damai Entertainment Holdings Ltd is a technology-powered entertainment company rooted in real-world experiences. While delivering premium films and performances, it harnesses technology to craft inventive experiences for the cultural and entertainment industry, offering users high-quality real-world entertainment. It stands as a full-fledged real-world entertainment platform with businesses spanning content production, marketing and distribution, live performances, IP licensing and integrated operations, as well as cinema ticketing management and data services. | $0 | -23% | $2B | $1B | 1.5x | 16.2x | ||
| Visual China Group Co Ltd is engaged in providing digital visual content and visual solutions to customers in media, commercial, and consumer sectors. It services include Copyright removal, rights protection agent, Sports, Entertainment and Digital marketing, and Special shooting. | $3 | -- | $2B | $2B | 17.6x | 91.7x | ||
| Xinhua Winshare Publishing & Media Co Ltd is engaged in integrated cultural operations specializing in the creative content production of publications, education services, cultural consumption services, supply chain services, and capital operation. Its activities are editorial and publishing of publications, sales of publications in physical stores and the internet, distribution of textbooks and supplementary materials, education information and equipment services, etc. It is through two operating segments; the Publication segment, which includes publishing books, periodicals, and audiovisual products, and the Distribution segment, which comprises the distribution of textbooks and supplementary materials. The group generates a majority of its revenue from the Distribution segment. | $2 | -15% | $2B | $852M | 0.5x | 3.0x | ||
| Bona Film Group Co Ltd is engaged in the film distribution business in China. The company's main business is film investment, distribution, cinema management, and cinema projection. | $1 | +107% | $2B | $2B | 12.9x | (12.9x) | ||
| Hengdian Entertainment Co Ltd operates as a film production company. It offers film production, film marketing and other services. The activities are carried out through the region of China. | $3 | +29% | $2B | $2B | 5.5x | 19.6x | ||
| Alpha Group produces animated movies and television series as well as producing and distributing toys. It designs, develops, manufactures, and operates competitive toys, remote-controlled toys, and smart digital series and girl toy series. The company conducts its business in the Chinese and international markets. | $1 | -19% | $2B | $2B | 4.7x | 57.5x | ||
| Shanghai Film Co Ltd engages in film distribution and screening activities in China. It also engages in the copyright sales and investment, development and management of cinemas and theaters. | $3 | -25% | $1B | $1B | 10.3x | 32.1x | ||
| China Television Media Ltd is a China-based company engaged in the movies and televisions (TVs) businesses. The movies and TV-related businesses mainly include the development and operations of movies and TV bases, the producing and publishing of movies and TV dramas, among others. The company is also involved in the advertising businesses, as well as the movies and TV bases tourism businesses. The company is also engaged in the provision of related technology services through its subsidiaries. | $2 | -2% | $917M | $840M | 5.5x | 90.2x | ||
| Zhejiang Sunriver Culture Co Ltd is a China-based company engaged in culture consulting, animation design, film and television planning, information services, among others. The group is mainly engaged in the creation, planning, production, distribution, and animation of mobile internet animation, animation related copyright authorization and animation related internet and mobile online game development and operation services. In addition, the company is also involved in the finance business. | $1 | -42% | $908M | $1B | 6.3x | 18.2x | ||
| Beijing Baination Pictures Co Ltd is a Chinese media and entertainment company. Its business content includes Film, Series, Animation, Marketing, Consumerbuisness, and Cultural tourism. | $1 | +23% | $803M | $677M | 15.0x | (4.0x) | ||
| Huawen Media Group operates in the media industry. Its business activities include financial media platforms, regional information media and related extension services, advertising consisting of radio advertising and building media. | $0 | +5% | $793M | $964M | 18.4x | (87.3x) | ||
| Huayi Brothers Media Corp is engaged in the media business. The company's reportable segments are film and television entertainment, TV dramas, artist brokerage and others. | $0 | -22% | $763M | $890M | 19.5x | (63.3x) | ||
| Funshine Culture Group Co Ltd is engaged in different types of business in various art events and cultural activities both domestically and internationally, including planning, art creation and design, stage arts design, urban landscape construction and the lighting and audio project designing theatre and art venues. The company operates in four segments namely events and stage lighting; landscape lighting and interpretation; multimedia creative production; live performance and cultural tourism synthesis services. | $4 | -5% | $711M | $287M | 8.2x | 104.2x | ||
| H & R Century Union Corp is engaged in the production and distribution of film and television dramas, artist brokerage management, games and film, and television derivative business. | $1 | +16% | $600M | $572M | 7.4x | (21.1x) | ||
| Beijing Jingxi Culture&Tourism Co Ltd is a full-industry chain film and television entertainment media group. It is primarily engaged in the tourism and cultural resources, and film and television entertainment production businesses in China. | $1 | +10% | $523M | $554M | 11.3x | (13.1x) | ||
| Kaiser (China) Culture Co Ltd is a pan-entertainment company in China. It is engaged in mobile game research and development and distribution, animation production and investment, film and television drama production and investment, and Internet culture industry investment. | $0 | +29% | $470M | $470M | 5.8x | (7.6x) | ||
| Zhejiang Huazhi Digital Media Co Ltd is engaged in investment, production, distribution and derivative business of TV series; investment, production, distribution and derivative business of movies; artist management and related service business. | $1 | -24% | $469M | $490M | 29.4x | (9.6x) | ||
| TVZone Media Co Ltd is a state-owned cultural enterprise absolutely controlled by Changsha Broadcasting and Television Group. The company's main business is TV, internet, and mobile internet video. It is also engaged in the production, distribution, and marketing of such content; the operation of television drama rights. | $4 | +33% | $462M | $463M | 9.2x | 74.8x | ||
| Shaanxi Broadcast & TV Network Intermediary (Group) Co Ltd is engaged in the provision of planning, construction, and operation and management of radio and television network in Shaanxi Province. The company provides digital and cable television services, high-definition interactive services, including basic channel broadcast services, channel broadcast subscription and information services, and video-on-demand services; and data services. | $1 | +37% | $419M | $1B | 7.8x | (12.5x) | ||
| Ciwen Media Co Ltd is a China-based company engaged in the investment, manufacture, and publication of movie and television plays. It is also engaged in the research, development, and promotion of games, artist brokerage business and the provision of information technology. The company distributes its products within domestic market and to overseas markets. | $1 | -- | $385M | $394M | 6.7x | (903.2x) | ||
| Inkeverse Group Ltd is engaged in operating the live streaming platform and provision of advertising services in the People's Republic of China. The group business activities are mainly in the live streaming business and generate revenue from the same. It engages in the provision of value-added telecommunications services, internet cultural services, online audio and video program services, and talent agency services. Geographically, it derives majority of its revenue from China. | $0 | -21% | $262M | ($139M) | (0.2x) | (1.8x) | ||
| Huanxi Media Group Ltd is a media company in China focused on the investment and production of films, drama series, and the operation of a subscription-based online video platform. The company is an investment holding and film investment company. Its subsidiaries are principally engaged in media and entertainment-related businesses. Its one reportable segment is the investment in film and TV programme rights. The current operations of the company are located in the PRC and Hong Kong. | $0 | -41% | $138M | $128M | 2.9x | (10.0x) | ||
| Linmon Media Ltd is a drama series production company in China with a track record of creating premium content. The company typically creates high-viewership drama series based on its abundant reserve of original IPs. The majority of the Company's revenue is earned from Mainland China. | $0 | -- | $115M | ($75M) | (0.6x) | (7.8x) | ||
| Hony Media Group is engaged in the development of international culture, media, and entertainment businesses. The Group conducts businesses in three main operating segments from continuing operations: (i) Digitized operation services in the healthcare industry (Echartnow); (ii) Smart healthcare services platform (Meerkat Health); and (iii) Entertainment and media businesses. The company generates the majority of its revenue from Digitized operation services in the healthcare industry. Geographically, the company generates almost all of its revenue from PRC. | $0 | +14% | $93M | $107M | 1.5x | (17.0x) | ||
| Yunji Inc is a social e-commerce platform in China that offers a membership-based model that leverages the power of social interaction. The company provides a host of selected commodities such as beauty and personal care, mobile phones and digital products, baby and maternal products, toys, fruits, and other fresh products. It has expanded to operate its business, including the marketplace, on a diverse range of sales channels and other platforms. Geographically, the firm operates in the PRC. | $2 | -- | $8M | ($14M) | (0.3x) | 0.8x | ||
| Nashville Records Inc is offering a family service platform in China that includes laundry services, housekeeping services, home appliance services, mental wellness services, tutoring services, and relay station services. | $0 | +24% | $5M | $5M | — | — | ||
| Median | $1 | +5% | $803M | $890M | 5.7x | 5.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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