Fang Han of Kunlun Tech attends the Beijing-Hong Kong Dialogue: AI-era cultural content export and the 'Netflix moment'.

Fang Han, chairman and CEO of Kunlun Tech, delivered a speech at the Dongcheng District special session of the 29th Beijing-Hong Kong Forum. He stated that AI is driving content production costs down by orders of magnitude, marking a "Netflix moment for Chinese content going global" in the AI era. Fang disclosed that his company's AI short drama platforms, DramaWave and FreeReels, combined to achieve the highest monthly active users in the overseas short drama market during the first half of 2026. FreeReels is estimated to have surpassed 200 million downloads, with June alone generating over $65 million in revenue. Kunlun Tech's AI short drama business revenue reached 1.535 billion yuan in the first half of 2026, representing a year-on-year increase of 163 percent.