Is China now the biggest book market, redux. Alibaba says 30 million new Chinese readers were added in 2018

While one report citing a $55 billion value for the Chinese book market cannot be taken as gospel, a new report from China’s online giant Alibaba adds weight to the possibility the USA’s claim to be the world’s largest book market is now out of date. As reported here at TNPS a few days ago, Read More …

The Week In Review

Here’s a summary of TNPS posts from the past seven days. Big Bad Wolf shows the world’s demand for English-language titles, taking 2 million books to Taiwan this week Brazil’s São Paulo Biennial disappointed with fewer visitors (“only” 663,000) but they spent 33% more Amazon to open a Customer Service Centre in Colombia in October, Read More …

Least likely headline you’ll see this year: Ebook company buys film studio for $2.5 bn

Being the former ebook subsidiary of Tencent has its benefits. Buying your own film studio, for example. But actually China Literature, the former ebook arm of Tencent, didn’t need parental help to secure the deal. After a $1 billion IPO in November 2017 – Tencent’s China Literature IPO the biggest in a decade China Literature Read More …

As Amazon launches Prime Reading in China, a predicted $5.3 bn valuation will make the China ebook market far bigger than the US by 2020

IDBoox of France covers the story that the Chinese ebook market will be worth $5.3 billion by 2020, reporting on a study conducted by Chinese e-commerce giant Dangdang and Analysys which predicts annual growth for the Chinese ebook market of 29.8%. $5.3 billion would value the China ebook market at $2 billion more than Data Read More …

Tencent joins the half-trillion club, and look how close it is to Amazon…

On Tuesday Tencent, the Chinese e-commerce titan, leapfrogged Facebook to become the fifth most valuable company on the planet. China now holds two of the top six places in the world rankings for market capitalization, and while Apple is still too far ahead to be dislodged, both Tencent and Alibaba are within shouting distance of Read More …

Tencent’s China Literature IPO the biggest in a decade

When it comes to online literature, there are two global players that leave the rest in the dust. No, not Amazon and Apple. Amazon and Tencent. And while we can only guess at a valuation for the Kindle store, we now have a valuation for China Literature, the online reading arm of the Chinese e-commerce Read More …