Tag: Zall

  • Wuhan’s Chinese Language bookstore Zall opens in Singapore

    Wuhan’s Chinese Language bookstore Zall opens in Singapore

    A Chinese-language bookstore from Wuhan opened its first overseas store today in Singapore.

    The Zall Bookstore, popular in the main city of China’s Hubei province, opened its doors to bookworms at the Wheelock Place mall on Orchard Road.

    The two-story space houses a wide collection of more than 30,000 books, some of which are displayed on a revolving bookcase that leads visitors to an art gallery showcasing exhibitions by Singapore-based artists like Boo Sze Yang and Justin Lee. There is also a cafe serving pastries.

    Its titles are mostly in Chinese, covering genres such as literature and history. Given that its home has become most-associated with the origin of COVID-19, it’s worth noting there is a section about the ongoing pandemic.

    The bookstore’s four outlets in Hubei are open 24 hours, though the Singapore store is not. It was founded in 2013 by Chinese writer Yan Zhi, whose daughter is the first general manager of the Singapore store.

    The return of a bookstore to Wheelock Place comes 10 years after American books megastore Borders moved out of the mall after 14 years as its anchor tenant.

  • Chinese E-Commerce Zall Joins Singapore’s Digital Banking

    Chinese E-Commerce Zall Joins Singapore’s Digital Banking

    Business-to-business e-commerce firm, Zall Smart Commerce, will be the latest to apply for a digital banking license in Singapore.

    The Chinese company will be part of consortium joined by Japanese trading company Marubeni and Singapore-based Global eTrade Services, a subsidiary of digital solutions provider CrimsonLogic.

    The consortium is seeking a wholesale digital banking license in Singapore and it hopes to contribute to the city-state’s development as a global financial hub for trading, Zall said in a statement. It joins 14 other groups that have applied for the same license alongside another seven that have applied for digital full-bank licenses, according to the Monetary Authority of Singapore (MAS) said earlier this month. The regulator added that up to five of the licenses could be issued by June this year.

    In addition to its e-commerce business, Zall has some experience in digital finance in mainland China. The firm acquired a virtual banking license for the market in 2017 and has since been operating as Z-Bank.