Tag: reading

  • SoftBank Ventures invests in Trevari, a Korean book club

    SoftBank Ventures invests in Trevari, a Korean book club

    SoftBank Ventures announced Tuesday it invested 4.5 billion won ($4 million) in Trevari, a Korean book club operator. Fast Investment, another venture capitalist firm, invested an additional 500 million won in Trevari’s first publicly-announced funding round.

    “While adults today are reading less and less, the Trevari team has proven the success of its business model through quality book clubs,” said a spokesperson from SoftBank Ventures.

    Founded in 2015, Trevari operates paid membership-based book clubs. Members can sign up to join Trevari’s 300-plus book clubs located around Seoul and meet up with fellow members every month to discuss books on topics of their preference.

    Some of the book clubs are headed by special experts in the field, including former Naver CEO Kim Sang-hun.

    As of last August, over 13,600 individuals have participated in Trevari’s book clubs.

    A four-month membership costs between 190,000 won and 290,000 won.

  • WH Smith opens two further stores in Philippines airports

    WH Smith opens two further stores in Philippines airports

    International news and convenience retailer WHSmith has opened two new stores at Mactan-Cebu International Airport. The new branches under local franchise partner Regent Distributor Philippines join three existing stores at Mactan-Cebu and Manila Ninoy Aquino International Airports showcasing the retailer’s latest fascia, fixtures and fittings. The move is part of the brand’s overall strategy to bolster its presence in Asian markets.

    “We are very pleased to add an additional two stores to our growing portfolio in the Philippines”, said Phil McNally, MD international WHSmith. “With a fresh and modern look, we look forward to welcoming customers to the new stores to enjoy a full range of news, books, travel and convenience items.”

  • China’s first ‘Audio Library’ in a shopping mall opened

    China’s first ‘Audio Library’ in a shopping mall opened

    In the age of digitalization, shopping malls have evolved from a place for consumption to the “Third Space” in people’s everyday lives. Shopping malls provide a comfortable and relaxing environment with humanitarian touches by truly connecting with customers. CityOn.Xi’an has recently collaborated with the nationwide famous audio sharing platform Himalaya to build China’s first ‘Audio Library’ in a shopping mall, enabling customers to enjoy a literary cultural experience while shopping.

    As a well-known audio sharing platform in China, Himalaya currently has 480,000,000 mobile users and its market value grew 1,000 times since its establishment five years ago. As a typical unicorn company, the Xi’an Municipal People’s Government signed a strategic agreement with Himalaya in 2018, in which the ‘Audio Library’ created by CityOn.Xi’an and Himalaya has brought the consumption culture in Xi’an to the next level.

    CityOn.Xi’an creates a real-life library setting through its infrastructure development. Customers just need to scan the QR code upon entrance of the audio library, and they can gain access to Himalaya’s different free audio book channels created exclusively for CityOn.Xi’an customers. The wide variety of selection includes literature, education, food and beverage, travel, fiction, etc. allowing customers to enjoy extraordinary audio entertainment as they shop or dine.

    In addition, the best-seller reads that are popular among young customers that would normally require payment such as ‘Ma Dong’s Career Plan B’ or ‘Kevin Tsoi’s 201st EQ Lesson’ are free to listen for customers in CityOn.Xi’an. To provide a better interactive experience, CityOn and Himalaya exclusively created ‘audio card’, where customers at CityOn.Xi’an can design and customize their own audio greeting cards to send blessings to their loved ones just through a scan of the QR code.

    CityOn.Xi’an’s extensive collaboration extends beyond offline to online, where customers are offered a brand-new way to receive messages from the mall. CityOn.Xi’an utilizes Himalaya’s platform to create an exclusive radio channel for CityOn.Xian, enabling customers to receive messages, member benefits, brand details, and customer service information immediately. Customers can either use offline QR code scan or manual search on Himalaya APP to gain first hand information on the happenings of CityOn.Xi’an.

    The breakthrough approach completely transforms communication between a shopping mall and customers, where message delivery is now easier and livelier.

    CityOn.Xi’an’s General Manager Xu Jing Dong said, “CityOn.Xi’an has always been at the forefront of new retail and has achieved numerous firsts in the nation. For example, CityOn.Xi’an innovatively implemented APP technology in a wide variety of services, such as launching the world’s first offline experience store for DiDi, China’s first SF Express delivery customer service store, and the first to have a smart electric bike stop, motorcycle charging facility, and Ponycar flagship store in China’s north-west region.

    These O2O collaborations have brought CityOn.Xi’an and customers closer together, successfully converting online traffic to offline footfall and achieved record-breaking performance in customer traffic and sales.

    ‘Audio Library’ represents CityOn.Xi’an’s mission of being customer-centric and innovative, striving to be the commercial landmark of Xi’an and the whole of China’s north-west region. The collaboration truly reflects CityOn.Xi’an’s commitment and effort in bringing outstanding retail experience to customers through partnerships with different third parties, and to set the benchmark of customer service in the industry.

  • Travel Blue hails success of Z-ZOOM launch at TFWA Asia Pacific

    Travel Blue hails success of Z-ZOOM launch at TFWA Asia Pacific

    Travel Blue has secured several listings for its Z-ZOOM reading glasses brand which launched at the recent TFWA Asia Pacific Exhibition.

    Travel Blue said the brand received a lot of positive feedback from buyers and that footfall to Z-ZOOM’s booth was strong.

    All eyes on Z-ZOOM: The team was out in force at TFWA Asia Pacific to showcase its reading glasses to customers

    Z-ZOOM Travel Retail Director Jonathan Smith said: ‘’The launch of Z-ZOOM at TFWA was a great success. We couldn’t have hoped for a better first showcase. The atmosphere surrounding the place was fantastic. There was a genuine sense of excitement and a great energy both amongst our team and the visitors to our stand.”

    Smith continued: “We appreciate the importance of the Asia Pacific region to the industry and how it is an essential market in the travel retail sector as it continues to grow. Asia will definitely be a key focus for the development of Z-ZOOM and we look forward to the opportunities that the region will present us.’’

     

     

     

     

     

     

     

     

     

     

     

    In Singapore, Z-ZOOM highlighted colourful reading styles, blue light filter glasses to protect eyes at computer screens and reading glasses with a magnetic sunglass attachment. All of its styles come in acrylic cases and were presented on POS units and countertop displays at the TFWA show.

    Z-ZOOM said its commitment to the consumer is to be stylish, functional and inclusive for all. The brand also said it aims to stay relevant to the changing fashion trends.

    According to Z-ZOOM, a variety of shapes and lenses are available to suit every face shape.

    Smith commented: ‘’Investment in market research, design and product development emphasises our commitment to getting it just right and shows that we are an innovative high quality brand. Exciting times ahead for Z-ZOOM.’’

  • All PageOne bookstores close in Hong Kong as liquidators take over

    All PageOne bookstores close in Hong Kong as liquidators take over

    The chain’s remaining outlets at Festival Walk in Kowloon Tong and Harbour City in Tsim Sha Tsui were closed for business with notices on the doors stating that stocktaking was under way.

    Another notice read that KPMG’s top restructuring officials Edward Middleton and Patrick Cowley have been appointed as receivers of the “Page One The Designer’s Bookshop (H.K.) Limited.”

    page one harbour city

    Page One have had special sales running since November. In October, an interior design company submitted a bid at the District Court to ask the company to pay back HK$910,000 of construction fees. Last week, Thermos, a kitchen utility company, also went to court to request sums totalling HK$480,000 for products sold at the bookstores.

    In August, it emerged that multiple publishers were also seeking overdue payments from the company. The beleaguered book chain reportedly owed over HK$700,000 to its publishers.“Page One is in the process of adapting to meet current consumer’s demand… however retail business have a high fixed cost,” it said in a public statement on August 12.

    The book chain added at the time that it required funding to strengthen its capital structure and said it has started discussions with a potential investor.

    page one close

    Since opening its first Hong Kong outlet in 1997, Page One had up to 10 stores in the city at the peak of its business. However, the chain closed its store in Times Square, Causeway Bay in 2015 and shut six more stores at the Hong Kong International Airport this year. The remaining two Hong Kong branches are located at Harbour City and Festival Walk.

    page one

    Foreign Press stopped supplying books to Page One in June. This summer, the company said it would not rule out the option of legal action if the troubled book chain continues to delay its payment.