China's Amazon? Tencent and Shanda to merge online publishing and eBook services

Two of China's largest online publishing companies announced this week that they will merge, creating what some have called the 'Amazon of eBooks'.

Two Chinese women read on their phones. Online and mobile publishing is big business in China. Photo: Reuters

Two of China's largest online publishing companies announced this week that they will merge, creating what some have called the 'Amazon of eBooks'.

Tencent Literature and Shanda Cloudary will become Yuewen Group, the country's largest online publishing and eBook company.

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