Adaptation frenzy

The notion that popular online fiction guarantees on-screen success has created a bubble in Chinese showbiz, and if unchecked, it will leave many by the wayside.

It is not every day that an English acronym coined in a non-English-speaking country catches on - at least in that territory.

I'm talking about "IP", which originally stands for "intellectual property" but has a very different connotation in China's booming showbiz. Hollywood insiders who have participated in China-related events must have been puzzled by the frequency these two letters have popped up in conversations with their Chinese peers.