May 07, 2012
Over the weekend, Chinese e-commerce conglomerate Alibaba Group issued an open letter to the media and its shareholders in which it listed a total of nine online shops previously operating on its B2C and C2C e-commerce subsidiary Taobao that have been permanently shut down due to suspected bribery and other misconduct.
Wei Yushan, vice president of the Chinese Academy of Press and Publication, recently released the results of a national sample survey which revealed that the majority of readers in China are willing to pay an average price of RMB 3.5 for one e-book, with nearly half of those readers able to purchase an e-reader.
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