I remember it was not so long ago that people imagined China was so, so far away. Now this kind of news is almost daily.
“Media and publishing group Bertelsmann on Tuesday announced the first big Sino-foreign wholesale book distribution business in China, as overseas investors seek new ways to get access to the country’s book-sales market.
Bertelsmann’s DirectGroup said it had set up a joint venture with Liaoning Publishing Group worth Rmb30m ($3.6m), with the Chinese group controlling 51 per cent“.
Feed: A Fistful of Euros