Vertical Observer

The vertical-drama business, sourced

UPDATED 23 October 2026 216 REPORTS · 172 COMPANIES

App · Global (China-origin)

MoboReels

Key facts

Operator / parent
Fuzhou Changdu (福州畅读), MoboReader group; private. Moboreader USA is a publishing shell.
Origin
China
Headquarters
Fuzhou, Fujian, China
Launched
July 2023
Category
App · Global (China-origin)

MoboReels is a vertical-drama app from the Fuzhou company Changdu, part of the MoboReader web-fiction group. More than 90% of its catalogue is licensed and translated, monetised through coins and advertising in 11 languages. Downloads are led by Brazil, Indonesia and the United States, while revenue comes mainly from the United States, Japan and South Korea. It led the category on advertising-creative volume in Q3 2025 and has since slipped.

MoboReels revenue and key figures

Reported revenue: more than $3m a month (September 2025) (estimate, third-party estimate)

MetricFigureBasisSource
Revenuemore than $3m a month (September 2025)estimatethird-party estimate
In-app purchase revenueabout $44m cumulative; the vendor notes the figure undercountsestimateDiandian
Downloadsabout 26-27.5m cumulativeestimatethird-party estimate
Monthly active usersabout 20m; the basis is not statedestimatethird-party estimate

Profile

Markets
Global. Downloads are led by Brazil, Indonesia and the United States; revenue by the United States, Japan and South Korea. 11 languages.
Content
More than 90% licensed and translated, with some originals.
Genres
Billionaire and CEO, revenge, contract marriage.
Monetisation
Coins and in-app purchases plus advertising.
Profitability
Not disclosed.