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(Nikkei BP Group)

(No.1 High-Tech News Site in Japanese)

  • Shanghai to Open China's First Online Bookstore
  • December 22, 1998 (SHANGHAI, China) -- The Shanghai Book City plans to open a Visa online bookstore in Shanghai by the end of December.
    It will become the first company in China to sell books over the Internet.

    The online shop will be jointly developed by the Shanghai branch of Bank of China, the Bank of China Credit Card Inc., Ltd. and the Visa International Service Association.

    Internet users holding Visa credit cards will be able to visit the online book shop's Web site and purchase items. The store will then deliver the ordered books to the buyer's home.

    The IBM standard electronic security system will be applied to the Web site to eliminate transaction risks.

    The Shanghai Book City is a 27-story building in downtown Shanghai covering 40,000 square meters of floor space. It holds more than 150,000 books, audio and video products, and electronic publications.

    (Xinhua News Agency)

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    Updated: Mon Dec 21 14:26:35 1998 PDT