New book mall set to open |
http://www.sina.com.cn 2005/04/21 19:25 Shanghai Daily |
Local bookstores will soon be facing a strong new competitor as the Bookuu Book Mall is scheduled to open during the May 1 holiday. Backed by a total investment of 30 million yuan (US$3.6 million) from the Zhejiang Xinhua Publishing Group, Bookuu has more than 10,000 square meters of sales space in its four-story outlet on Yishan Road in Xuhui District. The store is expected to carry at least 200,000 books, which is about the same as the other big bookstore in town, Shanghai Book City. Bookuu says local residents can read books at the mall and enjoy Internet access from 9am to 9pm each day. Zhao Jianping, the general manager of Shanghai Book City, admitted that Bookuu will heat up the competition in the local market. But Zhao isn't keen on Bookuu's location. "What's more, few bookstores will be able to survive in the end," Zhao said, adding that the city's first 24-hour bookstore shut down recently after running at a deficit. |
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