Cyber Monday Amazon’s biggest shopping day ever. But still way behind Alibaba. What future the international Kindle stores?

Cyber Monday 2017 broke records in the US. Amazon claimed it was even bigger than Prime Day, and it is believed to have accounted for over half of Black Friday’s online sales. Pretty good going from what is often termed the biggest e-commerce company on the planet. But by what definition? By market capitalisation Amazon comes Read More …

Yaoundé Conference – analogue thinking in a digital age. African publishers needs to embrace digital, not re-invent First World battles.

It’s a sad commentary on the state of Cameroon publishing that the best overview of the industry I can find is from 2005. That may be about to change. This past week in the Cameroon capital Yaoundé a conference on the future of African publishing was wide-ranging in its discussions. Titled ‘The Publishing Industry in 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 …

The Hot Sheet Reviewed – second November 2017 edition

The Hot Sheet is a publishing industry news-sheet for authors, produced every two weeks by Porter Anderson and Jane Friedman, and reviewed here every other Sunday as one of the best twice-monthly industry overviews available to authors. We’re not interested in delivering breaking news, but perspective on stories that are likely to retain meaning for your long-term decision Read More …

Shanghai pop-up bookstore sets the scene for the Shanghai Int. Children’s Book Fair

The biggest children’s publishing event in Asia kicks off tomorrow, 17 November. The Shanghai International Book Fair is a trade-focussed event, attracting 9,000 trade visitors last year, with 23,000 public visitors squeezing in. This year will be the fifth incarnation, and at a time when children’s literature is booming in China. But for anyone arriving 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 …

Tencent’s China Literature set for billion dollar IPO

The Chinese e-commerce titan Tencent has formally launched  its IPO, with November 8 set for its Hong Kong stock exchange debut. The price is expected to hit $1.1 billion, with 151 million shares on offer globally. That’s an increase on original expectations, and suggests Tencent is ready to become far more aggressive in its engagement Read More …

Global book market valued at $143bn

Publishing Perspectives reports today on a new global book market study project, BookMap, which estimates the global book markets to be valued at 122 billion euros – that’s $143 bn USD. With the USA accounting for just 29% of global book sales by revenue that leaves the world outside the USA totalling 71%, although the Read More …

Tencent moves on Wattpad as Wattpad hits 60 million users. Could Nook be next?

Back in September I ran a post here on Nook’s future, speculating on the possibility Nook could be acquired by the Chinese ebook behemoth Tencent, which was actively looking for global expansion possibilities. A sentiment shared by Jane Friedman and Porter Anderson at the Hot Sheet. Nothing yet to suggest Tencent has Nook on its Read More …

Welcome to The New Publishing Standard

We live in interesting times. As the first issue of The New Publishing Standard rolls off the cyber-presses this September, anticipation is building for the two biggest publishing events of the western world in 2017. The Frankfurt Book Fair, and the tenth anniversary of the Amazon Kindle ebook store. Ten years ago one might, if Read More …