The report reviews Chinese online movie industry which has undergone rapid development in 2016. First of all，we give a snapshot of this field by introducing the main concept，features and development. After period of rapid growth，2016 witnesses exponential growth. Then，this report analyzes three different but highly related aspects of online movie in China，that is，its market，capital and platform. This report argues the number of online movie has surpassed that of traditional movie in，and the profit ratio of the former is higher than the latter. The exclusive distribution of quality platform has become the mainstream model. It is obviously clear that the exclusive play has enjoyed popularity. Capital flows into the market through more and more crow-funding platform. Standardized cooperation process are emerging and popular. Thirdly，we probe into the content，type and related stakeholders of online movie. The Results show that both the traditional giant film companies and new organizations have actively involved in this industry. The audience of online movie tend to be young people between 20-39 years old，and they prefer the exclusive play. Various types of online movie mushroomed in 2016，and the most watched types include comedy，love story and drama show. Among them，comedy movies have cleaned up the box office. Finally，we discuss the current challenges and future prospects of online movies. The government has tightened the control over the online movies since some questions began to arise with the self-review of platform. Following the strategy of excellence and differentiation，online movie in China will step into a new stage.