Vertical Observer

The vertical-drama business, sourced

UPDATED 23 October 2026 216 REPORTS · 172 COMPANIES

Production / IP

COL Group (中文在线)

Key facts

Operator / parent
SZSE 300364
Origin
China
Headquarters
Beijing
Category
Production / IP

COL Group is a Shenzhen-listed Chinese digital publishing company that sits behind four microdrama apps: 49% of ReelShort, plus FlareFlow, Sereal+ and UniReel in-house. FY2025 revenue was CNY 1.657bn, up 42.9%, against a net loss of CNY 671m. Most of that loss came from FlareFlow.

COL Group (中文在线) revenue and key figures

Reported revenue: CNY 1.657bn in FY2025, +42.9%; net loss CNY 671m (official, COL Group filing)

MetricFigureBasisSource
RevenueCNY 1.657bn in FY2025, +42.9%; net loss CNY 671mofficialCOL Group filing

Profile

Content
IP plus apps: 49% of ReelShort, and FlareFlow, Sereal+ and UniReel in-house.