Vertical Observer

The vertical-drama business, sourced

UPDATED 23 October 2026 216 REPORTS · 172 COMPANIES

Platform · China-domestic

Youku 短剧 (扶摇计划)

Key facts

Operator / parent
Alibaba (HKEX 9988 / BABA)
Origin
China
Headquarters
Beijing / Hangzhou
Launched
2021
Category
Platform · China-domestic

Youku runs short drama on an S-CPM revenue-share ladder and added AI-animated drama (漫剧) in February 2026. It trails the other major Chinese platforms on volume, though its user-acquisition spending (买量) rose 1,262% year on year. The 扶摇计划 programme name appears only in press coverage. The platform reports about 173m monthly active users and about 70m subscribers.

Youku 短剧 (扶摇计划) revenue and key figures

Reported revenue: lowest volume among the major Chinese platforms; user-acquisition spend (买量) up 1,262% year on year

MetricFigureBasisSource
Revenuelowest volume among the major Chinese platforms; user-acquisition spend (买量) up 1,262% year on yearno basis given—
Monthly active usersplatform monthly active users about 173m; subscribers about 70mno basis given—

Profile

Content
Revenue share on an S-CPM ladder, plus AI-animated drama (漫剧) from February 2026.