Chinese writer Mo Yan won 2012 Nobel Prize in Literature, according to nobelprize.org on October 11. Mo has become the first Chinese citizen winning a Nobel Prize in Literature.

The Nobel Prize in Literature 2012 is awarded to Chinese writer Mo Yan "who with hallucinatory realism merges folk tales, history and the contemporary," said Englund.

Last year's literature prize went to Swedish poet Tomas Transtromer.

Alfred Nobel, a Swedish industrialist who invented dynamite, established the Nobel Prizes in his will in 1895. The first awards were handed out six years later.

The awarding ceremony will be held on December 10.

The winner will win a medal, a personal diploma and a cash award of 8 million Swedish Kronor (about $1 million).

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