China's Ebook Revenues Surge in Eight Years

China's ebook revenues have grown from 150 million yuan (24.5 million U.S. dollars) in 2006 to 4.5 billion yuan in 2014, with an increase of 20.5 percent annually since 2012.

The revenue of digital magazines grew from 500 million yuan in 2006 to 1.43 billion yuan in 2014, said Wei Yushan, head of the the Chinese Academy of Press and Publication (CAPP).

China's digital publishing industry grossed 338.8 billion yuan in 2014, according to Wei.