COL Group proposes RMB 2.83bn A-share placement, partly for AI short-drama rights
The Shenzhen-listed parent of FlareFlow filed a private-placement plan on 1 October 2026. It earmarks RMB 575m for rights to AI short dramas, mid-length and interactive dramas. The plan still requires shareholder and regulatory approval.
What this basis means: Regulatory filing, government body, court or industry association.
COL Group (中文在线, SZSE: 300364) published a plan on 1 October 2026 to issue A shares to specific investors, raising up to RMB 2,832.6m, according to its filings on cninfo.
The feasibility report allocates RMB 863.9m to upgrading its digital-copyright content resources and RMB 575.1m to IP-derivative content development, described as acquiring rights for AI short dramas, mid-length dramas and interactive dramas. A further RMB 479.2m goes to AI large-model research, RMB 338.5m to an AIGC multimodal content platform, RMB 175.9m to a technology middle platform and RMB 400m to working capital.
The filing restates company figures for FlareFlow, its overseas short-drama app launched in April 2025: more than 52 million cumulative registered users, close to 7,000 titles and coverage of over 200 countries and regions.
The placement is a proposal. It requires approval at an extraordinary general meeting, review by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission. Investors and pricing were not named.
Companies COL Group, FlareFlow
Sources
- 中文在线集团股份有限公司2026年度向特定对象发行A股股票募集资金使用的可行性分析报告 (opens in a new tab) COL Group via cninfo