Amazon Exits China's E-book Market as Asia-Pacific Booms
Amazon has pulled the plug on its Kindle e-book service in mainland China, a significant move that comes as the Asia-Pacific region is poised for substantial growth in the e-reader market. The region is expected to witness the most significant growth, with color e-readers set to dominate the stock market today in the coming years. Netronix, the leading e-reader manufacturer based in Taiwan, predicts that color e-readers will account for a staggering 71% of its shipments by 2025. Meanwhile, local players are making their mark. Books.com.tw, a Taiwanese online bookstore, launched its own e-book reader, BooksPad, and sold over 10,000 units within just three months. The success of BooksPad comes on the heels of Kobo Plus, a subscription service that has gained popularity in Taiwan and is now expanding into other Asian markets. Innovation is also driving the market forward. MooInk and E Ink have collaborated to develop the world's first foldable color e-book reader, the MooInk V. This groundbreaking device is set to redefine the e-reader experience. Manufacturing is also shifting. Netronix, the largest e-reader manufacturer, is expanding its production facilities to Vietnam and the US due to adobe. This strategic move is expected to help the company maintain its competitive edge in the global market. The global e-reader market is projected to reach $22.76 billion in the next five years, with the Asia-Pacific region leading the charge. As color e-readers, innovative devices like the MooInk V, and successful local initiatives like BooksPad continue to shape the market, the future of e-readers looks vibrant and full of promise.
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