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Rise of online bookstores forces Bertelsmann to shut
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Xinhua News Agency  | July 06, 2008

BEIJING, July 6 -- Bertelsmann AG, the German media group, announced yesterday that it will close its Chinese book club and halt Shanghai Bertelsmann Culture Industry Co Ltd's business in China although it said it will not withdraw from the market. In a statement Bertelsmann sent to Shanghai Daily, ...
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