WEBNOVEL_OFFICIAL
"That's also why we need to go with the Premium system which can easily track how much each Premium title earns per month. Afterwards, we split the whole revenues among all creators including translators, editors, and authors, and only take a portion to support our business."
Are you trying to say that without this premmium model you don't have any other way of tracking how much each premmium novel "earn"? Really? C'mon. That's bull and you know. The reason for this model is for maximum profit.
"That's what we have been doing in the past 15 years in China. Otherwise how do you imagine so many full-time webnovel authors survive?"
I don't know if you realise, but here isn't china bro. A model that works in china probably won't work in USA or England... especially because the community isn't chinese... here we have americans, brazilians, mexicans, indians, etc.. i think that premmium isn't a bad thing per say, but your model isn't good and wasn't well thought. Because you didn't considere the community.
"Frankly, I won't say we don't care about the losses, we do. But we rather care about the whole industry's development and even the whole ecosystem than the loss itself. That's why we introduced the PFF to balance the benefits between creators and readers."
Again, you tell this but you clearly didn't take in account the community...you guys saw the possibility of a reveneu and tried to eat up the hole cake in one bite...