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China promises volume growth in sale of books

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Commercial Press (HK) Cyberbooks (CPC), a joint venture between Sunevision Holdings and Commercial Press, is seeking a licence in China to tap the lucrative Internet bookstore market.

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CPC chief executive Vivien Pau Wai-yee said the company needed government approval before it could set up its Web site across the border.

But she believed the company's long-established reputation would facilitate its licence application.

Business, through its CP1897.com, had been in full swing since June, she said, and sales volume had shown at least a 10-fold increase over six months as a result of promotions in Hong Kong and overseas.

Business had been boosted by increasing orders from tertiary institutions for their students' books.

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And the collapse of Hong Kong's biggest Internet book seller, Chinese Books Cyberstore, had seen customers switch to CPC, Ms Pau said.

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