An independent bookstore specialising in humanities, literature and popular science books at the Chinese University of Hong Kong will close tomorrow, after just two years in business. The Second Bookstore was set up by a group of five professionals, including a lawyer, doctor and bankers to promote reading on campus. But it has lost more than $1 million since opening. 'It is a paradox that few people have come to buy books despite its location in a university,' said manager Tse On, one of the founders of the business. The few customers who turned up at the bookstore were academics and graduate students, said Mr Tse. Reading books, he said, was low on the priorities of things to do in Hong Kong, even among university students. 'Bookstore operators are really competing hard with computers. The students are satisfied with the piecemeal information they can get from the Web and think that is adequate. 'In fact, what is being offered by the Web is very limited.'