China was the inventor of paper many many years ago but now it could be the first country that stops using paper. Such is the speed of their digital world, that almost everything appears online in China. Now people are reading books on their mobile phones or computers, children are no longer playing board games but resorting to games online, school children are starting to use less textbooks and worksheets. Last year the total revenue from the industry reached almost 80 billion yuan which is an extraordinary figure. With 420 million internet users at the end of June, the digital publishing market is huge and growing fast on the mainland. Another interesting piece of information is that around 60% of the people who go online in China do so from their mobile phones. So that is why they are using these when they go to work, to read books and other bits of information. Most people there cannot afford a full computer but they can still get online through their cell phones.The reach is widespread and this scenario is occurring in many other regions around Asia Pacific. Also is that the penetration rate in China, India and Indonesia are quite low compared to Japan, Korea and the United States. When companies are looking to expand, going online doesn't only allow them to reach more people in the country, it lets them expand to other regions, continuous updating of material in terms of textbooks. Make a move right now!
Source: http://www.scmp.com
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Luxury brand hotel Langham is expanding its portfolio from around 25 to 50 hotels within the next 5 years. The bulk of these expansions is going to be around the Asia Pacific region where recent activity in the airline and tourist industry has made this expansion almost predictable. The number of orders for new planes has been coming from Asian airlines too, the number of passengers in airports is most around this region too and tourism is blossoming quickly here. The main area of attention will be in the China region.
The Julius Baer Group, the 120-year-old Swiss private bank, expects to double its staff strength in Asia and Singapore will stand to benefit the most from this expansion. They want to have more staff in the Singapore branch. The bank is planning a Hong Kong booking office by the end of this year,
as well as a representative office in Shanghai and a trust company in
Singapore by next year. Right now the staff in Asia count for around 10% of the total staff of the bank but this is expected to increase to around 20% very soon. "Asia's net worth of high net worth individuals has surpassed that of
Europe. We are looking at close to US$10 trillion ($13.4 trillion) of
net worth that would like to be managed in a professional way," said Dr
Thomas Meier, Julius Baer's chief executive for Asia and the Middle
East.
Yahoo Hong Kong is expanding its net to include SME's from the Shenzhen part of China too which is a very smart move and shows the power of SEO and the online search market. Many Hong Kong people make their way to that part of China and make purchases of wedding gowns,
Cathay Pacific, Qantas and Emirates airline are awaiting orders from Boeing for about 400 planes which are going to be delivered soon, now the problem is finding pilots for these new planes. It is actually a good problem to have for the Asian region. Asia-Pacific
airlines will buy about 8,000 planes worth $1.2 trillion over
the next 20 years, Airbus SAS said. The Asian region stands to benefit a lot from these, there will be more classes and training for potential pilots, there will be more jobs therefore for the pilots and people teaching them in new training facilities. More plane routes, means more for the tourism industry, hotels, and it will help the whole region to stay more connected too.