's recent close cooperation with Xinhua Bookstores has caused many rumors, but according to Mr. Wang Shen, CEO of Tom Group, will not acquire every Xinhua Bookstore outlet in China. Instead, will first choose several provincial bookstores for cooperation.'s publishing service has grown much slower than its online businesses, causing angst among investors who rely on's "cross-media" strengths.

Wang said although they have contact with many provincial and city-level Xinhua Bookstores, will focus on cooperating with only one or two of them by the end of this year.


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